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
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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
Air Lease Corp COM 00912X302 1,407 43,819 SH   OTR   0 43,819 0
Allete Inc COM 018522300 1,665 29,700 SH   OTR   0 29,700 0
Alliance Data Systems Corp COM 018581108 496 2,255 SH   OTR   0 2,255 0
Ambarella Inc COM G037AX101 163 3,638 SH   OTR   0 3,638 0
America Movil ADR 02364W105 289 18,619 SH   OTR   0 18,619 0
Ameris Bancorp COM 03076K108 3,482 117,700 SH   OTR   0 117,700 0
Anglogold Ashanti ADR 035128206 43 3,117 SH   OTR   0 3,117 0
Arc Document Solutions COM 00191G103 231 51,309 SH   OTR   0 51,309 0
Asbury Automotive Group COM 043436104 1,672 27,946 SH   OTR   0 27,946 0
Astoria Financial Corp COM 046265104 1,902 120,100 SH   OTR   0 120,100 0
Banco Santender Chile ADR 05965X109 108 5,562 SH   OTR   0 5,562 0
BHP Billiton ADR 05545E209 25,824 1,136,100 SH   OTR   0 1,136,100 0
BNC Bancorp COM 05566T101 1,821 86,200 SH   OTR   0 86,200 0
Brandywine Realty Trust REIT 105368203 392 27,912 SH   OTR   0 27,912 0
Brookline Bancorp Inc COM 11373M107 1,718 156,000 SH   OTR   0 156,000 0
Bryn Mawr Bank Corp COM 117665109 1,393 54,146 SH   OTR   0 54,146 0
Cambrex Corp COM 132011107 941 21,397 SH   OTR   0 21,397 0
Canadian Solar Inc COM 136635109 49 2,548 SH   OTR   0 2,548 0
Cardtronics Inc COM 14161H108 1,662 46,183 SH   OTR   0 46,183 0
Cemex Sab Spons ADR 151290889 98 13,518 SH   OTR   0 13,518 0
Cemig SA ADR 204409601 17 7,462 SH   OTR   0 7,462 0
Central Pacific Financial Co COM 154760409 1,826 83,883 SH   OTR   0 83,883 0
China Unicom ADR 16945R104 68 5,202 SH   OTR   0 5,202 0
Chunghwa Tel ADR 17133Q502 113 3,356 SH   OTR   0 3,356 0
CIA Cervecerias ADR 204429104 153 6,817 SH   OTR   0 6,817 0
CIA de Minas ADR 204448104 96 13,050 SH   OTR   0 13,050 0
CIA Paranaense ADR 20441B407 26 3,284 SH   OTR   0 3,284 0
Cinemark Holdings Inc COM 17243V102 1,727 48,191 SH   OTR   0 48,191 0
Cobiz Financial Inc COM 190897108 1,228 103,909 SH   OTR   0 103,909 0
Coca Cola Femsa ADR 191241108 62 744 SH   OTR   0 744 0
Colony Bankcorp COM 19623P101 184 20,000 SH   OTR   0 20,000 0
CPFL Energia ADR 126153105 49 4,467 SH   OTR   0 4,467 0
Creditcorp LTD COM G2519Y108 157 1,201 SH   OTR   0 1,201 0
Deckers Outdoor Corp COM 243537107 1,504 25,100 SH   OTR   0 25,100 0
Diamondback Energy Inc COM 25278X109 1,287 16,670 SH   OTR   0 16,670 0
Dime Community Bancshares COM 253922108 1,707 96,900 SH   OTR   0 96,900 0
Dupont Fabros Technology REIT 26613Q106 1,994 49,205 SH   OTR   0 49,205 0
Education Realty Trust Inc REIT 28140H203 2,453 58,957 SH   OTR   0 58,957 0
Embraer SA ADR 29082A107 57 2,169 SH   OTR   0 2,169 0
Empresa NAC ADR 29244T101 105 2,531 SH   OTR   0 2,531 0
Enersis SA ADR 29274F104 97 6,997 SH   OTR   0 6,997 0
Entravision Communications COM 29382R107 1,652 222,064 SH   OTR   0 222,064 0
EPR Properties REIT 26884U109 5,290 79,410 SH   OTR   0 79,410 0
Fairpoint Communications Inc COM 305560302 1,322 88,873 SH   OTR   0 88,873 0
Ferro Corp COM 315405100 2,232 188,035 SH   OTR   0 188,035 0
FNB Corp COM 302520101 1,534 117,880 SH   OTR   0 117,880 0
Fomento Economento ADR 344419106 77 795 SH   OTR   0 795 0
Gerdau ADR 373737105 49 27,800 SH   OTR   0 27,800 0
Gold Fields ADR 38059T106 51 13,043 SH   OTR   0 13,043 0
Greenbrier Companies Inc COM 393657101 1,181 42,718 SH   OTR   0 42,718 0
Greenhill + Co Inc COM 395259104 200 8,997 SH   OTR   0 8,997 0
Grupo Aeroportuario ADR 400506101 132 1,490 SH   OTR   0 1,490 0
Grupo Televisa ADR 40049J206 197 7,161 SH   OTR   0 7,161 0
Hercules Technology Growth COM 427096508 1,473 122,636 SH   OTR   0 122,636 0
Hersha Hospitality Trust REIT 427825500 1,346 63,083 SH   OTR   0 63,083 0
Imax Corp COM 45245E109 2,746 88,331 SH   OTR   0 88,331 0
Infosys Technologies ADR 456788108 46,755 2,458,222 SH   OTR   0 2,458,222 0
Integrated Device Tech Inc COM 458118106 2,204 107,839 SH   OTR   0 107,839 0
International Bancshares Crp COM 459044103 1,497 60,700 SH   OTR   0 60,700 0
International Game Technolog COM G4863A108 36,817 2,017,365 SH   OTR   0 2,017,365 0
IPATH MSCI India ETF 06739F291 2,028 32,295 SH   OTR   0 32,295 0
ISHARES MSCI EM ETF 464287234 723 21,100 SH   OTR   0 21,100 0
ISHARES MSCI INDIA ETF 46429B598 456 16,830 SH   OTR   0 16,830 0
JD.com Inc ADR 47215P106 47 1,792 SH   OTR   0 1,792 0
Kforce Inc COM 493732101 2,344 119,694 SH   OTR   0 119,694 0
KT Corp ADR 48268K101 94 7,023 SH   OTR   0 7,023 0
Luxoft Holding Inc COM G57279104 1,446 26,281 SH   OTR   0 26,281 0
Microsemi Corp COM 595137100 1,330 34,728 SH   OTR   0 34,728 0
Mobile Tel ADR 607409109 471 58,276 SH   OTR   0 58,276 0
Motorcar Parts of America Inc COM 620071100 1,641 43,206 SH   OTR   0 43,206 0
National Cinemedia Inc COM 635309107 1,506 98,995 SH   OTR   0 98,995 0
Natus Medical Inc COM 639050103 2,545 66,220 SH   OTR   0 66,220 0
NCI Building Systems Inc. COM 628852204 546 38,474 SH   OTR   0 38,474 0
Papa Johns Intl Inc COM 698813102 1,199 22,128 SH   OTR   0 22,128 0
PETROCHINA ADR 71646E100 33 505 SH   OTR   0 505 0
Philippine Long Dist ADR 718252604 104 2,406 SH   OTR   0 2,406 0
Physicians Realty Trust REIT 71943U104 2,148 115,622 SH   OTR   0 115,622 0
Pinnacle Financial Partners COM 72346Q104 1,392 28,369 SH   OTR   0 28,369 0
Qiholl 360 Tech ADR 74734M109 27 359 SH   OTR   0 359 0
Quimica Y Minera ADR 833635105 137 6,667 SH   OTR   0 6,667 0
Regal Entertainment Group COM 758766109 2,260 106,911 SH   OTR   0 106,911 0
Restoration Hardware Holding COM 761283100 333 7,958 SH   OTR   0 7,958 0
RMR Group Inc COM 74967R106 20 809 SH   OTR   0 809 0
Select Income REIT 81618T100 1,054 45,722 SH   OTR   0 45,722 0
SK Telecom ADR 78440P108 71 3,509 SH   OTR   0 3,509 0
Southern Copper COM 84265V105 145 5,250 SH   OTR   0 5,250 0
Southwest Bancorp COM 844767103 1,335 88,700 SH   OTR   0 88,700 0
Spirit Airlines Inc COM 848577102 635 13,226 SH   OTR   0 13,226 0
Swift Transporation Co COM 87074U101 1,982 106,414 SH   OTR   0 106,414 0
Taiwan Semiconductor ADR 874039100 28 1,057 SH   OTR   0 1,057 0
Tal Education Group ADR 874080104 37 754 SH   OTR   0 754 0
Telefonica Brasil ADR 87936R106 72 5,751 SH   OTR   0 5,751 0
Telekomunik Indonesia ADR 715684106 183 3,589 SH   OTR   0 3,589 0
Teva Pharm ADR 881624209 35,189 657,619 SH   OTR   0 657,619 0
TIM Part ADR 88706P205 68 6,144 SH   OTR   0 6,144 0
Trex Company Inc COM 89531P105 1,812 37,800 SH   OTR   0 37,800 0
Turkcell ADR 900111204 82 7,788 SH   OTR   0 7,788 0
Tutor Perini Corp COM 901109108 1,344 86,471 SH   OTR   0 86,471 0
United Insurance Holdings Co COM 910710102 1,570 81,741 SH   OTR   0 81,741 0
US Concrete Inc COM 90333L201 1,594 26,760 SH   OTR   0 26,760 0
Vanguard FTSE EM ETF 922042858 3 100 SH   OTR   0 100 0
Verint Systems Inc. COM 92343X100 1,012 30,324 SH   OTR   0 30,324 0
Virgin America Inc COM 92765X208 1,527 39,596 SH   OTR   0 39,596 0
Wageworks Inc COM 930427109 404 7,985 SH   OTR   0 7,985 0
Web.com Group COM 94733A104 1,574 79,400 SH   OTR   0 79,400 0
Wesco International Inc COM 95082P105 1,875 34,300 SH   OTR   0 34,300 0
YY Inc ADR 98426T106 834 13,540 SH   OTR   0 13,540 0