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
AKORN INC COM 009728106 2,811 83,800 SH   SOLE   83,800 0 0
ALBANY MOLECULAR RESH INC COM 012423109 3,936 181,394 SH   SOLE   181,394 0 0
ALERE INC COM 01449J105 1,004 20,000 SH   SOLE   20,000 0 0
ALLIANCE HEALTHCARE SRVCS IN COM PAR 018606301 133 10,000 SH   SOLE   10,000 0 0
ALLSTATE CORP COM 020002101 261 2,950 SH   SOLE   2,950 0 0
ARI NETWORK SVCS INC COM NEW 001930205 1,234 175,000 SH   SOLE   175,000 0 0
ASB BANCORP INC N C COM 00213T109 1,276 29,032 SH   SOLE   29,032 0 0
ATWOOD OCEANICS INC COM 050095108 1,223 150,100 SH   SOLE   150,100 0 0
BANK MONTREAL QUE COM 063671101 238 3,236 SH   SOLE   3,236 0 0
BANK N S HALIFAX COM 064149107 556 9,253 SH   SOLE   9,253 0 0
BARD C R INC COM 067383109 6,322 20,000 SH   SOLE   20,000 0 0
BROCADE COMMUNICATIONS SYS I COM NEW 111621306 1,892 150,000 SH   SOLE   150,000 0 0
CABELAS INC COM 126804301 887 14,931 SH   SOLE   14,931 0 0
CARDCONNECT CORP COM 14141X108 301 20,000 SH   SOLE   20,000 0 0
CDN IMPERIAL BK COMM TORONTO COM 136069101 325 4,000 SH   SOLE   4,000 0 0
CHANGYOU COM LTD ADS REP CL A 15911M107 388 10,000 SH   SOLE   10,000 0 0
CHINA XD PLASTICS CO LTD COM 16948F107 94 20,000 SH   SOLE   20,000 0 0
COVISINT CORP COM 22357R103 875 357,270 SH   SOLE   357,270 0 0
DELTA NAT GAS INC COM 247748106 942 30,904 SH   SOLE   30,904 0 0
DIGITALGLOBE INC COM NEW 25389M877 670 20,115 SH   SOLE   20,115 0 0
FAIRPOINT COMMUNICATIONS INC COM NEW 305560302 2,820 180,180 SH   SOLE   180,180 0 0
FIDELITY & GTY LIFE COM 315785105 978 31,500 SH   SOLE   31,500 0 0
FIRST POTOMAC RLTY TR COM 33610F109 667 60,000 SH   SOLE   60,000 0 0
FIRST SOUTH BANCORP INC VA COM 33646W100 1,775 107,334 SH   SOLE   107,334 0 0
FORESTAR GROUP INC COM 346233109 429 25,000 SH   SOLE   25,000 0 0
GAS NAT INC COM 367204104 1,616 125,000 SH   SOLE   125,000 0 0
GENWORTH FINL INC COM CL A 37247D106 754 200,000 SH   SOLE   200,000 0 0
GLOBAL SOURCES LTD ORD G39300101 614 30,721 SH   SOLE   30,721 0 0
ICICI BK LTD ADR 45104G104 152 17,000 SH   SOLE   17,000 0 0
INTRAWEST RESORTS HLDGS INC COM 46090K109 683 28,779 SH   SOLE   28,779 0 0
JUMEI INTL HLDG LTD SPONSORED ADR 48138L107 64 30,000 SH   SOLE   30,000 0 0
KATE SPADE & CO COM 485865109 6,237 337,300 SH   SOLE   337,300 0 0
KCG HLDGS INC CL A 48244B100 3,906 195,900 SH   SOLE   195,900 0 0
LATTICE SEMICONDUCTOR CORP COM 518415104 666 100,000 SH   SOLE   100,000 0 0
LINIU TECHNOLOGY GROUP SHS G54971109 9 17,700 SH   SOLE   17,700 0 0
LUMOS NETWORKS CORP COM 550283105 5,049 282,529 SH   SOLE   282,529 0 0
MANULIFE FINL CORP COM 56501R106 223 11,900 SH   SOLE   11,900 0 0
MERUS LABS INTL INC NEW COM 59047R101 2,054 1,630,513 SH   SOLE   1,630,513 0 0
MOBILEYE N V AMSTELVEEN ORD SHS N51488117 6,280 100,000 SH   SOLE   100,000 0 0
MONEYGRAM INTL INC COM NEW 60935Y208 530 30,700 SH   SOLE   30,700 0 0
MONSANTO CO NEW COM 61166W101 237 2,000 SH   SOLE   2,000 0 0
NEXVET BIOPHARMA PUB LTD CO ORD SHS G6503X109 803 120,000 SH   SOLE   120,000 0 0
NORD ANGLIA EDUCATION INC SHS G6583A102 2,012 61,780 SH   SOLE   61,780 0 0
NOVADAQ TECHNOLOGIES INC COM 66987G102 1,758 150,000 SH   SOLE   150,000 0 0
NUTRACEUTICAL INTL CORP COM 67060Y101 833 20,000 SH   SOLE   20,000 0 0
NXP SEMICONDUCTORS N V COM N6596X109 438 4,000 SH   SOLE   4,000 0 0
ONEBEACON INSURANCE GROUP LT CL A G67742109 3,431 188,203 SH   SOLE   188,203 0 0
PANERA BREAD CO CL A 69840W108 2,979 9,467 SH   SOLE   9,467 0 0
PARAGON COML CORP COM NEW 69911U403 336 6,395 SH   SOLE   6,395 0 0
PAREXEL INTL CORP COM 699462107 6,084 70,000 SH   SOLE   70,000 0 0
PARKWAY INC COM 70156Q107 1,145 50,000 SH   SOLE   50,000 0 0
PATHEON N V SHS N6865W105 2,093 60,000 SH   SOLE   60,000 0 0
RICE ENERGY INC COM 762760106 5,326 200,000 SH   SOLE   200,000 0 0
ROYAL BANCSHARES PA INC CL A 780081105 572 135,115 SH   SOLE   135,115 0 0
ROYAL BK CDA MONTREAL QUE COM 780087102 296 4,081 SH   SOLE   4,081 0 0
SCICLONE PHARMACEUTICALS INC COM 80862K104 165 15,000 SH   SOLE   15,000 0 0
SOUTHWEST BANCORP INC OKLA COM 844767103 2,300 90,000 SH   SOLE   90,000 0 0
SPECTRANETICS CORP COM 84760C107 1,014 26,400 SH   SOLE   26,400 0 0
STAPLES INC COM 855030102 8,257 820,000 SH   SOLE   820,000 0 0
STONEGATE BK FT LAUDERDALE F COM 861811107 231 5,000 SH   SOLE   5,000 0 0
STRAIGHT PATH COMMUNICATNS I CL B 862578101 808 4,500 SH   SOLE   4,500 0 0
SUNCOR ENERGY INC NEW COM 867224107 262 8,964 SH   SOLE   8,964 0 0
SWIFT TRANSN CO CL A 87074U101 4,205 158,664 SH   SOLE   158,664 0 0
SYNERON MEDICAL LTD ORD SHS M87245102 2,725 248,819 SH   SOLE   248,819 0 0
TELUS CORP COM 87971M103 209 6,064 SH   SOLE   6,064 0 0
TERRAFORM GLOBAL INC CL A 88104M101 1,265 250,400 SH   SOLE   250,400 0 0
TIME WARNER INC COM NEW 887317303 201 2,000 SH   SOLE   2,000 0 0
TORONTO DOMINION BK ONT COM NEW 891160509 534 10,600 SH   SOLE   10,600 0 0
TRANSCANADA CORP COM 89353D107 215 4,500 SH   SOLE   4,500 0 0
TRIBUNE MEDIA CO CL A 896047503 1,479 36,280 SH   SOLE   36,280 0 0
UCP INC CL A 90265Y106 1,095 100,000 SH   SOLE   100,000 0 0
UNITEDHEALTH GROUP INC COM 91324P102 223 1,200 SH   SOLE   1,200 0 0
VCA INC COM 918194101 4,979 53,935 SH   SOLE   53,935 0 0
VWR CORP COM 91843L103 5,717 173,200 SH   SOLE   173,200 0 0
WASHINGTONFIRST BANKSHARES I COM 940730104 333 9,656 SH   SOLE   9,656 0 0
WEST CORP COM 952355204 4,664 200,000 SH   SOLE   200,000 0 0
WEST MARINE INC COM 954235107 1,928 150,000 SH   SOLE   150,000 0 0
WGL HLDGS INC COM 92924F106 1,752 21,000 SH   SOLE   21,000 0 0
WHOLE FOODS MKT INC COM 966837106 1,263 30,000 SH   SOLE   30,000 0 0
WOLVERINE BANCORP INC COM 977880103 802 20,000 SH   SOLE   20,000 0 0
XACTLY CORP COM 98386L101 1,765 112,800 SH   SOLE   112,800 0 0
XCERRA CORP COM 98400J108 98 10,000 SH   SOLE   10,000 0 0
XENITH BANKSHARES INC NEW COM NEW 984102202 491 15,818 SH   SOLE   15,818 0 0