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

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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
ADECOAGRO S A COM L00849106 400 40,000 SH   SOLE 40,000 0 0
BANCO MACRO SA SPON ADR B 05961W105 830 9,000 SH   SOLE 9,000 0 0
MERCADOLIBRE INC COM 58733R102 502 2,000 SH   SOLE 2,000 0 0
NETEASE INC SPONSORED ADR 64110W102 1,804 6,000 SH   SOLE 6,000 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 2,797 80,000 SH   SOLE 80,000 0 0