The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
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
Estimated average burden
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
AEGON N V NY REGISTRY SH 007924103 370 40,264 SH   SOLE 40,264 0 0
AES CORP COM 00130H105 241 16,865 SH   SOLE 16,865 0 0
AMBEV SA SPONSORED ADR 02319V103 205 27,687 SH   SOLE 27,687 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 306 8,349 SH   SOLE 8,349 0 0
AMERICAN ELEC PWR INC COM 025537101 240 4,736 SH   SOLE 4,736 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 214 4,284 SH   SOLE 4,284 0 0
AMERICAN STS WTR CO COM 029899101 251 7,766 SH   SOLE 7,766 0 0
AMERISOURCEBERGEN CORP COM 03073E105 278 4,235 SH   SOLE 4,235 0 0
APPLE INC COM 037833100 250 465 SH   SOLE 465 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 344 7,938 SH   SOLE 7,938 0 0
ATMEL CORP COM 049513104 108 12,938 SH   SOLE 12,938 0 0
BANK OF AMERICA CORPORATION COM 060505104 194 11,258 SH   SOLE 11,258 0 0
BROWN SHOE INC NEW COM 115736100 257 9,686 SH   SOLE 9,686 0 0
CARDTRONICS INC COM 14161H108 282 7,251 SH   SOLE 7,251 0 0
CARRIZO OIL & GAS INC COM 144577103 240 4,494 SH   SOLE 4,494 0 0
CATHAY GEN BANCORP COM 149150104 317 12,585 SH   SOLE 12,585 0 0
CENTRAL EUROPEAN MEDIA ENTRP CL A NEW G20045202 31 10,468 SH   SOLE 10,468 0 0
CENVEO INC COM 15670S105 32 10,644 SH   SOLE 10,644 0 0
CHESAPEAKE LODGING TR SH BEN INT 165240102 210 8,179 SH   SOLE 8,179 0 0
COMFORT SYS USA INC COM 199908104 308 20,185 SH   SOLE 20,185 0 0
COSTCO WHSL CORP NEW COM 22160K105 208 1,865 SH   SOLE 1,865 0 0
CUMULUS MEDIA INC CL A 231082108 72 10,389 SH   SOLE 10,389 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 228 6,575 SH   SOLE 6,575 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301 615 52,341 SH   SOLE 52,341 0 0
DISNEY WALT CO COM DISNEY 254687106 272 3,399 SH   SOLE 3,399 0 0
EMULEX CORP COM NEW 292475209 92 12,469 SH   SOLE 12,469 0 0
EQT CORP COM 26884L109 202 2,084 SH   SOLE 2,084 0 0
F M C CORP COM NEW 302491303 261 3,403 SH   SOLE 3,403 0 0
FARO TECHNOLOGIES INC COM 311642102 252 4,757 SH   SOLE 4,757 0 0
FELCOR LODGING TR INC COM 31430F101 140 15,504 SH   SOLE 15,504 0 0
FIBRIA CELULOSE S A SP ADR REP COM 31573A109 120 10,841 SH   SOLE 10,841 0 0
FIRST REP BK SAN FRANCISCO C COM 33616C100 205 3,794 SH   SOLE 3,794 0 0
FIRST TR EXCHANGE TRADED FD DJ INTERNT IDX 33733E302 353 5,980 SH   SOLE 5,980 0 0
FORTRESS INVESTMENT GROUP LL CL A 34958B106 361 48,767 SH   SOLE 48,767 0 0
FURMANITE CORPORATION COM 361086101 139 14,129 SH   SOLE 14,129 0 0
GANNETT INC COM 364730101 526 19,047 SH   SOLE 19,047 0 0
G-III APPAREL GROUP LTD COM 36237H101 217 3,027 SH   SOLE 3,027 0 0
GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 61 16,456 SH   SOLE 16,456 0 0
GOOGLE INC CL A 38259P508 486 436 SH   SOLE 436 0 0
GRAMERCY PPTY TR INC COM 38489R100 64 12,459 SH   SOLE 12,459 0 0
HALCON RES CORP COM NEW 40537Q209 70 16,190 SH   SOLE 16,190 0 0
HANESBRANDS INC COM 410345102 221 2,886 SH   SOLE 2,886 0 0
HARMONIC INC COM 413160102 140 19,657 SH   SOLE 19,657 0 0
HELMERICH & PAYNE INC COM 423452101 362 3,369 SH   SOLE 3,369 0 0
HERSHA HOSPITALITY TR SH BEN INT A 427825104 97 16,707 SH   SOLE 16,707 0 0
HUNTINGTON BANCSHARES INC COM 446150104 208 20,834 SH   SOLE 20,834 0 0
ING GROEP N V SPONSORED ADR 456837103 369 25,862 SH   SOLE 25,862 0 0
ING U S INC COM 45685E106 264 7,273 SH   SOLE 7,273 0 0
INSTEEL INDUSTRIES INC COM 45774W108 204 10,376 SH   SOLE 10,376 0 0
INTERCONTINENTALEXCHANGE GRO COM 45866F104 245 1,237 SH   SOLE 1,237 0 0
ISHARES TRANS AVG ETF 464287192 260 1,922 SH   SOLE 1,922 0 0
ISHARES NASDQ BIOTEC ETF 464287556 209 884 SH   SOLE 884 0 0
ISHARES RUS 2000 VAL ETF 464287630 301 2,980 SH   SOLE 2,980 0 0
ISHARES U.S. BR-DEAL ETF 464288794 218 5,640 SH   SOLE 5,640 0 0
JANUS CAP GROUP INC COM 47102X105 134 12,300 SH   SOLE 12,300 0 0
JETBLUE AIRWAYS CORP COM 477143101 234 26,904 SH   SOLE 26,904 0 0
JOURNAL COMMUNICATIONS INC CL A 481130102 113 12,781 SH   SOLE 12,781 0 0
KKR & CO L P DEL COM UNITS 48248M102 264 11,566 SH   SOLE 11,566 0 0
KONINKLIJKE PHILIPS N V NY REG SH NEW 500472303 221 6,276 SH   SOLE 6,276 0 0
LAS VEGAS SANDS CORP COM 517834107 208 2,579 SH   SOLE 2,579 0 0
LASALLE HOTEL PPTYS COM SH BEN INT 517942108 218 6,966 SH   SOLE 6,966 0 0
LOEWS CORP COM 540424108 209 4,749 SH   SOLE 4,749 0 0
LTC PPTYS INC COM 502175102 373 9,916 SH   SOLE 9,916 0 0
MAGNUM HUNTER RES CORP DEL COM 55973B102 109 12,821 SH   SOLE 12,821 0 0
METHANEX CORP COM 59151K108 235 3,668 SH   SOLE 3,668 0 0
MFA FINL INC COM 55272X102 116 14,999 SH   SOLE 14,999 0 0
MGIC INVT CORP WIS COM 552848103 249 29,175 SH   SOLE 29,175 0 0
MONSANTO CO NEW COM 61166W101 253 2,221 SH   SOLE 2,221 0 0
MOVADO GROUP INC COM 624580106 226 4,971 SH   SOLE 4,971 0 0
NEWCASTLE INVT CORP COM 65105M108 428 90,982 SH   SOLE 90,982 0 0
PARKER DRILLING CO COM 701081101 253 35,616 SH   SOLE 35,616 0 0
PATTERSON UTI ENERGY INC COM 703481101 212 6,701 SH   SOLE 6,701 0 0
PETMED EXPRESS INC COM 716382106 142 10,602 SH   SOLE 10,602 0 0
PINNACLE WEST CAP CORP COM 723484101 230 4,201 SH   SOLE 4,201 0 0
REAL GOODS SOLAR INC CL A 75601N104 52 12,698 SH   SOLE 12,698 0 0
RENESOLA LTD SPONS ADS 75971T103 61 18,966 SH   SOLE 18,966 0 0
RLJ LODGING TR COM 74965L101 211 7,904 SH   SOLE 7,904 0 0
ROCK-TENN CO CL A 772739207 222 2,099 SH   SOLE 2,099 0 0
SANDERSON FARMS INC COM 800013104 219 2,789 SH   SOLE 2,789 0 0
SCHWEITZER-MAUDUIT INTL INC COM 808541106 413 9,696 SH   SOLE 9,696 0 0
SCRIPPS E W CO OHIO CL A NEW 811054402 204 11,489 SH   SOLE 11,489 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 469 20,990 SH   SOLE 20,990 0 0
SENSIENT TECHNOLOGIES CORP COM 81725T100 460 8,159 SH   SOLE 8,159 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 2,941 15,725 SH   SOLE 15,725 0 0
SPDR SERIES TRUST S&P BK ETF 78464A797 202 5,924 SH   SOLE 5,924 0 0
SPDR SERIES TRUST S&P BIOTECH 78464A870 472 3,312 SH   SOLE 3,312 0 0
STRATEGIC HOTELS & RESORTS I COM 86272T106 238 23,343 SH   SOLE 23,343 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 228 16,630 SH   SOLE 16,630 0 0
SYNOVUS FINL CORP COM 87161C105 360 106,266 SH   SOLE 106,266 0 0
TD AMERITRADE HLDG CORP COM 87236Y108 276 8,119 SH   SOLE 8,119 0 0
TESCO CORP COM 88157K101 204 11,043 SH   SOLE 11,043 0 0
TOTAL SYS SVCS INC COM 891906109 205 6,747 SH   SOLE 6,747 0 0
TOWER INTL INC COM 891826109 298 10,956 SH   SOLE 10,956 0 0
UNITED RENTALS INC COM 911363109 333 3,511 SH   SOLE 3,511 0 0
WATTS WATER TECHNOLOGIES INC CL A 942749102 203 3,455 SH   SOLE 3,455 0 0
WISDOMTREE TR INDIA ERNGS FD 97717W422 224 11,840 SH   SOLE 11,840 0 0
WISDOMTREE TR EUROPE SMCP DV 97717W869 340 5,440 SH   SOLE 5,440 0 0
WNS HOLDINGS LTD SPON ADR 92932M101 196 10,884 SH   SOLE 10,884 0 0
ZIONS BANCORPORATION COM 989701107 205 6,604 SH   SOLE 6,604 0 0