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The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L104 6,000 438,300 SH   SOLE None 438,300 0 0
BANK AMER CORP COM 060505104 3,069 180,000 SH   SOLE None 180,000 0 0
CITIGROUP INC COM NEW 172967424 4,287 82,730 SH   SOLE None 82,730 0 0
EMPRESAS ICA S A DE CV SPONS ADR NEW 292448206 4,844 700,000 SH   SOLE None 700,000 0 0
ISHARES INDIA 50 ETF 464289529 7,442 251,000 SH   SOLE None 251,000 0 0
KENNEDY-WILSON HLDGS INC COM 489398107 3,079 128,513 SH   SOLE None 128,513 0 0
PETROCHINA CO LTD SPONSORED ADR 71646E100 4,362 33,942 SH   SOLE None 33,942 0 0
POSCO SPONSORED ADR 693483109 6,765 89,136 SH   SOLE None 89,136 0 0
POWERSHARES ETF TRUST DYNA BUYBK ACH 73935X286 7,472 167,000 SH   SOLE None 167,000 0 0
ROCKWELL AUTOMATION INC COM 773903109 10,988 100,000 SH   SOLE None 100,000 0 0
TATA MTRS LTD SPONSORED ADR 876568502 7,868 180,000 SH   SOLE None 180,000 0 0
UNITED CONTL HLDGS INC COM 910047109 13,008 278,000 SH   SOLE None 278,000 0 0