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
CK PROPERTY LTD COMMON STOCK BWX52N2 239 32,832 SH   SOLE 0 32,832 0 0
BYD COMPANY LTD COMMON STOCK 6536651 422 80,100 SH   SOLE 0 80,100 0 0
NEW CHINA LIFE INSURANCE COMMON STOCK B5730Z1 632 147,100 SH   SOLE 0 147,100 0 0
CK HUTCHISON HOLDINGS LTD COMMON STOCK BW9P816 424 32,832 SH   SOLE 0 32,832 0 0
PING AN INSURANCE CO LTD (HK) COMMON STOCK B01FLR7 590 119,300 SH   SOLE 0 119,300 0 0
GREAT WALL MOTOR COMPANY (CHINA) COMMON STOCK 6718255 78 70,600 SH   SOLE 0 70,600 0 0
TENCENT HOLDINGS LTD COMMON STOCK BMMV2K8 634 38,000 SH   SOLE 0 38,000 0 0
APPLE INC COMMON STOCK 037833100 3,626 32,870 SH   SOLE 0 32,870 0 0
ABB LTD ADR COMMON STOCK 000375204 355 20,095 SH   SOLE 0 20,095 0 0
ACACIA RESEARCH CORP COMMON STOCK 003881307 1,308 144,041 SH   SOLE 0 144,041 0 0
AMERICAN INTERNATIONAL GROUP INC. COMMON STOCK 026874784 709 12,475 SH   SOLE 0 12,475 0 0
ALLY FINANCIAL INC COMMON STOCK 02005N100 3,437 168,635 SH   SOLE 0 168,635 0 0
AMETEK, INC COMMON STOCK 031100100 759 14,515 SH   SOLE 0 14,515 0 0
AMERICA MOVIL SER L ADR COMMON STOCK 02364W105 393 23,726 SH   SOLE 0 23,726 0 0
AMAZON.COM COMMON STOCK 023135106 2,572 5,025 SH   SOLE 0 5,025 0 0
AON PCL COMMON STOCK G0408V102 3,161 35,669 SH   SOLE 0 35,669 0 0
ASML HOLDING NV COMMON STOCK N07059210 632 7,185 SH   SOLE 0 7,185 0 0
BANKAMERICA CORP COMMON STOCK 060505104 5,848 375,322 SH   SOLE 0 375,322 0 0
BOOZ ALLEN HAMILTON HOLDING CORP COMMON STOCK 099502106 3,217 122,756 SH   SOLE 0 122,756 0 0
CREDICORP LTD SA COMMON STOCK G2519Y108 355 3,340 SH   SOLE 0 3,340 0 0
BASF ADR COMMON STOCK 055262505 592 7,745 SH   SOLE 0 7,745 0 0
BANK BRADESCO COMMON STOCK 059460303 1,699 317,060 SH   SOLE 0 317,060 0 0
BROCADE COMMUNICATIONS SYSTEMS COMMON STOCK 111621306 2,844 274,020 SH   SOLE 0 274,020 0 0
BYD CO LTD COMMON STOCK B01XKF2 62 11,665 SH   SOLE 0 11,665 0 0
CATERPILLAR INC COMMON STOCK 149123101 466 7,135 SH   SOLE 0 7,135 0 0
CHICAGO BRIDGE IRON COMPANY NV COMMON STOCK 167250109 345 8,690 SH   SOLE 0 8,690 0 0
CROWN CASTLE INTL CORP COMMON STOCK 22822V101 4,533 57,468 SH   SOLE 0 57,468 0 0
CELGENE CORP COMMON STOCK 151020104 1,055 9,750 SH   SOLE 0 9,750 0 0
CIE FINANCIERE RICHEMON - REG COMMON STOCK BCRWZ18 322 4,145 SH   SOLE 0 4,145 0 0
CHINA TELECOM COMMON STOCK 16941M109 328 5,515 SH   SOLE 0 5,515 0 0
CUMMINS INC. COMMON STOCK 231021106 570 5,250 SH   SOLE 0 5,250 0 0
CVS CAREMARK CORP COMMON STOCK 126650100 3,271 33,905 SH   SOLE 0 33,905 0 0
CEMEX S.A.B. DE C.V. ADR COMMON STOCK 151290889 311 44,428 SH   SOLE 0 44,428 0 0
GROUPE DANONE ADR COMMON STOCK 23636T100 633 50,250 SH   SOLE 0 50,250 0 0
DEERE CO COMMON STOCK 244199105 536 7,240 SH   SOLE 0 7,240 0 0
DIAGO PLC ADR COMMON STOCK 25243Q205 1,156 10,725 SH   SOLE 0 10,725 0 0
DANAHER CORPORATION COMMON STOCK 235851102 1,165 13,668 SH   SOLE 0 13,668 0 0
DUNKIN' BRANDS GROUP INC COMMON STOCK 265504100 709 14,475 SH   SOLE 0 14,475 0 0
DENBURY RESOURCES INC COMMON STOCK 247916208 166 68,145 SH   SOLE 0 68,145 0 0
PHYSICIANS REALTY TRUST COMMON STOCK 71943U104 878 58,170 SH   SOLE 0 58,170 0 0
8X8 INC COMMON STOCK 282914100 3,067 370,906 SH   SOLE 0 370,906 0 0
ELECTROLUX ADR COMMON STOCK 010198208 502 8,920 SH   SOLE 0 8,920 0 0
EASTMAN CHEMICAL COMMON STOCK 277432100 485 7,500 SH   SOLE 0 7,500 0 0
ISHARES MSCI EUROPE FINANCIALS ETF COMMON STOCK 464289180 1,727 84,120 SH   SOLE 0 84,120 0 0
EVERYDAY HEALTH INC. COMMON STOCK 300415106 1,602 175,295 SH   SOLE 0 175,295 0 0
FLUOR CORP COMMON STOCK 343412102 347 8,190 SH   SOLE 0 8,190 0 0
GILEAD SCIENCES INC COMMON STOCK 375558103 2,613 26,615 SH   SOLE 0 26,615 0 0
HSBC HOLDINGS COMMON STOCK B00JZT0 642 85,432 SH   SOLE 0 85,432 0 0
HUDSON TECHNOLOGIES COMMON STOCK 444144109 53 18,000 SH   SOLE 0 18,000 0 0
HUANENG POWER INTERNATIONAL COMMON STOCK 443304100 382 9,035 SH   SOLE 0 9,035 0 0
HEALTH NET INC COMMON STOCK 42222G108 3,037 50,433 SH   SOLE 0 50,433 0 0
HENRY SCHEIN INC COMMON STOCK 806407102 503 3,790 SH   SOLE 0 3,790 0 0
HUBBELL ORD SHARES CLASS B COMMON STOCK 443510201 652 7,675 SH   SOLE 0 7,675 0 0
HYUNDAI MOTOR CO. GDR COMMON STOCK 449187707 308 4,280 SH   SOLE 0 4,280 0 0
ILLUMINA INC COMMON STOCK 452327109 1,348 7,665 SH   SOLE 0 7,665 0 0
INTUIT INC COMMON STOCK 461202103 3,353 37,781 SH   SOLE 0 37,781 0 0
IROBOT COMMON STOCK 462726100 329 11,280 SH   SOLE 0 11,280 0 0
JP MORGAN CHASE AND COMPANY COMMON STOCK 46625H100 6,546 107,371 SH   SOLE 0 107,371 0 0
NORDSTROM INC COMMON STOCK 655664100 831 11,590 SH   SOLE 0 11,590 0 0
LEAR CORPORATION COMMON STOCK 521865204 2,993 27,513 SH   SOLE 0 27,513 0 0
LKQ CORPORATION COMMON STOCK 501889208 889 31,363 SH   SOLE 0 31,363 0 0
LUMENIS LTD COMMON STOCK BJWW0T5 2,301 166,140 SH   SOLE 0 166,140 0 0
LUXOTTICA ADR REPTG 1 ORD SHS COMMON STOCK 55068R202 699 10,095 SH   SOLE 0 10,095 0 0
MEDNAX COMMON STOCK 58502B106 3,254 42,374 SH   SOLE 0 42,374 0 0
3M CORP COMMON STOCK 88579Y101 2,928 20,654 SH   SOLE 0 20,654 0 0
MOSYS INC. COMMON STOCK 619718109 867 581,774 SH   SOLE 0 581,774 0 0
MICROSOFT CORP COMMON STOCK 594918104 3,672 82,965 SH   SOLE 0 82,965 0 0
NATIONAL AUSTRALIA BANK COMMON STOCK 632525408 397 37,750 SH   SOLE 0 37,750 0 0
NOBLE CORP PLC COMMON STOCK BFG3KF2 1,606 147,168 SH   SOLE 0 147,168 0 0
NATURAL GAS SERVICES COMMON STOCK 63886Q109 1,387 71,845 SH   SOLE 0 71,845 0 0
NESTLE SA - SPONS ADR FOR REG COMMON STOCK 641069406 1,533 20,375 SH   SOLE 0 20,375 0 0
NETSCOUT SYSTEM INC COMMON STOCK 64115T104 3,738 105,687 SH   SOLE 0 105,687 0 0
NXP SEMICONDUCTORS NV COMMON STOCK N6596X109 4,456 51,177 SH   SOLE 0 51,177 0 0
ORACLE CORP COMMON STOCK 68389X105 3,966 109,798 SH   SOLE 0 109,798 0 0
PRECISION CASTPARTS CORP COMMON STOCK 740189105 889 3,870 SH   SOLE 0 3,870 0 0
PNC FINANCIAL SERVICES GROUP COMMON STOCK 693475105 5,218 58,497 SH   SOLE 0 58,497 0 0
QUANTA SERVICES INC COMMON STOCK 74762E102 3,628 149,868 SH   SOLE 0 149,868 0 0
ROYAL DUTCH SHELL PLC-ADR COMMON STOCK 780259206 1,582 33,387 SH   SOLE 0 33,387 0 0
REINSURANCE GROUP OF AMERICA INC. COMMON STOCK 759351604 4,232 46,718 SH   SOLE 0 46,718 0 0
ROCHE HOLDINGS LTD - ADR COMMON STOCK 771195104 1,344 40,800 SH   SOLE 0 40,800 0 0
SIEMENS ADR COMMON STOCK 826197501 1,018 11,400 SH   SOLE 0 11,400 0 0
SIRONA DENTAL SYSTEMS INC. COMMON STOCK 82966C103 555 5,945 SH   SOLE 0 5,945 0 0
SUPER MICRO COMPUTER INC. COMMON STOCK 86800U104 2,301 84,415 SH   SOLE 0 84,415 0 0
SHARPS COMPLIANCE CORP COMMON STOCK 820017101 265 30,196 SH   SOLE 0 30,196 0 0
SYNOPSYS INC COMMON STOCK 871607107 790 17,100 SH   SOLE 0 17,100 0 0
SASOL LTD ADR COMMON STOCK 803866300 248 8,910 SH   SOLE 0 8,910 0 0
TAIWAN SEMICONDUCTOR COMMON STOCK 874039100 530 25,555 SH   SOLE 0 25,555 0 0
UNILEVER COMMON STOCK 904784709 720 17,900 SH   SOLE 0 17,900 0 0
UNION PACIFIC CORP COMMON STOCK 907818108 2,642 29,885 SH   SOLE 0 29,885 0 0
UNITED TECHNOLOGIES CORP COMMON STOCK 913017109 718 8,070 SH   SOLE 0 8,070 0 0
VISA INC COMMON STOCK 92826C839 3,849 55,260 SH   SOLE 0 55,260 0 0
VF CORP COMMON STOCK 918204108 1,104 16,185 SH   SOLE 0 16,185 0 0
TELECOMUNICAS DE SP ADR COMMON STOCK 87936R106 133 14,650 SH   SOLE 0 14,650 0 0
VIVENDI SA COMMON STOCK 4834777 421 17,840 SH   SOLE 0 17,840 0 0
VALERO ENERGY CORP COMMON STOCK 91913Y100 3,040 50,587 SH   SOLE 0 50,587 0 0
VANTIV INC COMMON STOCK 92210H105 568 12,650 SH   SOLE 0 12,650 0 0
VERISK ANALYTICS INC. CLASS A COMMON STOCK 92345Y106 3,023 40,895 SH   SOLE 0 40,895 0 0
WACKER CHEMIE AG GERMAN SHARES COMMON STOCK B11Y568 342 4,500 SH   SOLE 0 4,500 0 0
WALMART DE MEX ADR COMMON STOCK 2136088 695 28,225 SH   SOLE 0 28,225 0 0
WNS HOLDINGS LTD ADR COMMON STOCK 92932M101 268 9,603 SH   SOLE 0 9,603 0 0
SPDR S P RETAIL ETF COMMON STOCK 78464A714 3,055 68,770 SH   SOLE 0 68,770 0 0