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
ISHARES TR MSCI EMG MKT ETF 464287234 105,670 3,085,253 SH   SOLE   3,085,253 0 0
CITIGROUP INC *W EXP 10/28/201 172967234 6 2,000,000 SH   SOLE   2,000,000 0 0
ISHARES MSCI TAIWAN ETF 464286731 21,999 1,587,254 SH   SOLE   1,587,254 0 0
CENTRAL FD CDA LTD CL A 153501101 11,334 945,308 SH   SOLE   945,308 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 28,619 847,478 SH   SOLE   847,478 0 0
ISHARES MSCI MALAYSI ETF 464286830 5,930 665,587 SH   SOLE   665,587 0 0
ISHARES MSCI STH KOR ETF 464286772 32,963 624,063 SH   SOLE   624,063 0 0
GAMCO GLOBAL GOLD NAT RES AND COM SH BEN INT 36465A109 2,910 515,896 SH   SOLE   515,896 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 15,114 437,060 SH   SOLE   437,060 0 0
ISHARES MSCI BRZ CAP ETF 464286400 10,772 409,592 SH   SOLE   409,592 0 0
GLOBAL X FDS FTSE GREECE 20 37950E366 2,643 350,969 SH   SOLE   350,969 0 0
COMMUNITY HEALTH SYS INC NEW RIGHT 99/99/9999 203668116 2 250,000 SH   SOLE   250,000 0 0
WILLIAMS COS INC DEL COM 969457100 4,005 249,218 SH   SOLE   249,218 0 0
YOUKU TUDOU INC SPONSORED ADR 98742U100 6,612 240,523 SH   SOLE   240,523 0 0
ISHARES INC MSCI RUSSIA CAP 46434G806 2,911 226,926 SH   SOLE   226,926 0 0
ISHARES MSCI STH AFR ETF 464286780 11,901 224,498 SH   SOLE   224,498 0 0
WISDOMTREE TR INDIA ERNGS FD 97717W422 4,258 218,224 SH   SOLE   218,224 0 0
INGRAM MICRO INC CL A 457153104 7,743 215,636 SH   SOLE   215,636 0 0
MARKET VECTORS ETF TR RUSSIA ETF 57060U506 3,216 196,592 SH   SOLE   196,592 0 0
ISHARES TR MSCI INDONIA ETF 46429B309 4,438 188,369 SH   SOLE   188,369 0 0
SPRINT CORP COM SER 1 85207U105 565 162,373 SH   SOLE   162,373 0 0
PLATFORM SPECIALTY PRODS COR COM 72766Q105 1,381 160,558 SH   SOLE   160,558 0 0
DCT INDUSTRIAL TRUST INC COM NEW 233153204 5,871 148,750 SH   SOLE   148,750 0 0
E M C CORP MASS COM 268648102 3,957 148,486 SH   SOLE   148,486 0 0
NEPTUNE TECHNOLOGIES BIORESO COM 64077P108 147 148,101 SH   SOLE   148,101 0 0
INVESTMENT TECHNOLOGY GRP NE COM 46145F105 3,209 145,189 SH   SOLE   145,189 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 9,488 139,927 SH   SOLE   139,927 0 0
ISHARES MSCI MEX CAP ETF 464286822 7,519 139,626 SH   SOLE   139,626 0 0
LIBERTY MEDIA CORP DELAWARE COM SER C 531229300 5,062 132,906 SH   SOLE   132,906 0 0
CABLEVISION SYS CORP CL A NY CABLVS 12686C109 4,287 129,916 SH   SOLE   129,916 0 0
EXCO RESOURCES INC COM 269279402 101 102,207 SH   SOLE   102,207 0 0
WMIH CORP COM 92936P100 227 97,175 SH   SOLE   97,175 0 0
GLOBAL NET LEASE INC COM 379378102 675 78,868 SH   SOLE   78,868 0 0
SANDISK CORP COM 80004C101 5,689 74,770 SH   SOLE   74,770 0 0
DENBURY RES INC COM NEW 247916208 153 68,925 SH   SOLE   68,925 0 0
FAIRCHILD SEMICONDUCTOR INTL COM 303726103 1,319 65,942 SH   SOLE   65,942 0 0
ISHARES TR MSCI PHILIPS ETF 46429B408 2,364 64,511 SH   SOLE   64,511 0 0
LINN ENERGY LLC UNIT LTD LIAB 536020100 23 63,671 SH   SOLE   63,671 0 0
ELONG INC SPONSORED ADR 290138205 1,099 62,684 SH   SOLE   62,684 0 0
CAMERON INTERNATIONAL CORP COM 13342B105 3,837 57,224 SH   SOLE   57,224 0 0
ISHARES MSCI THI CAP ETF 464286624 3,650 54,157 SH   SOLE   54,157 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 2,657 53,557 SH   SOLE   53,557 0 0
MEDIA GEN INC NEW COM 58441K100 833 51,100 SH   SOLE   51,100 0 0
RESTAURANT BRANDS INTL INC COM 76131D103 1,982 51,042 SH   SOLE   51,042 0 0
WL ROSS HLDG CORP COM SHS 92939D104 512 51,000 SH   SOLE   51,000 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 1,925 50,000 SH   SOLE   50,000 0 0
TIME WARNER CABLE INC COM 88732J207 10,165 49,676 SH   SOLE   49,676 0 0
COMSTOCK RES INC COM NEW 205768203 37 48,716 SH   SOLE   48,716 0 0
CITY OFFICE REIT INC COM 178587101 553 48,519 SH   SOLE   48,519 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 5,358 48,435 SH   SOLE   48,435 0 0
FACEBOOK INC CL A 30303M102 5,405 47,372 SH   SOLE   47,372 0 0
VOYA ASIA PAC DIVID EQUITY I COM 92912J102 416 45,043 SH   SOLE   45,043 0 0
ZOETIS INC CL A 98978V103 1,972 44,492 SH   SOLE   44,492 0 0
VOYA GLBL EQTY DIV AND PREM OP COM 92912T100 303 42,733 SH   SOLE   42,733 0 0
ISHARES MSCI CH CAP ETF 464286640 1,567 42,460 SH   SOLE   42,460 0 0
NII HLDGS INC COM PAR $0.001 62913F508 226 40,822 SH   SOLE   40,822 0 0
HORIZON PHARMA PLC SHS G4617B105 654 39,446 SH   SOLE   39,446 0 0
BUNGE LIMITED COM G16962105 2,156 38,048 SH   SOLE   38,048 0 0
QIHOO 360 TECHNOLOGY CO LTD ADS 74734M109 2,853 37,765 SH   SOLE   37,765 0 0
VANGUARD NAT RES LLC COM UNIT 92205F106 55 37,623 SH   SOLE   37,623 0 0
SYNTHETIC BIOLOGICS INC COM 87164U102 78 33,136 SH   SOLE   33,136 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 842 32,000 SH   SOLE   32,000 0 0
ISHARES TR MSCI EAFE ETF 464287465 1,812 31,717 SH   SOLE   31,717 0 0
OFFICE DEPOT INC COM 676220106 209 29,500 SH   SOLE   29,500 0 0
ARMSTRONG WORLD INDS INC NEW COM 04247X102 1,394 28,815 SH   SOLE   28,815 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 2,186 27,662 SH   SOLE   27,662 0 0
AMYRIS INC COM 03236M101 29 26,569 SH   SOLE   26,569 0 0
GENWORTH FINL INC COM CL A 37247D106 72 26,496 SH   SOLE   26,496 0 0
ISHARES MSCI TURKEY ETF 464286715 1,122 25,584 SH   SOLE   25,584 0 0
ENERPLUS CORP COM 292766102 99 25,273 SH   SOLE   25,273 0 0
AFFYMETRIX INC COM 00826T108 350 25,000 SH   SOLE   25,000 0 0
HEARTLAND PMT SYS INC COM 42235N108 2,414 25,000 SH   SOLE   25,000 0 0
SYNGENTA AG SPONSORED ADR 87160A100 2,071 25,000 SH   SOLE   25,000 0 0
STARWOOD HOTELS AND RESORTS WRLD COM 85590A401 2,070 24,806 SH   SOLE   24,806 0 0
FIRST TR EXCHANGE TRADED FD ENERGY ALPHADX 33734X127 339 24,000 SH   SOLE   24,000 0 0
SPDR SERIES TRUST S AND P RETAIL ETF 78464A714 1,050 22,746 SH   SOLE   22,746 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 499 22,168 SH   SOLE   22,168 0 0
YAMANA GOLD INC COM 98462Y100 67 22,056 SH   SOLE   22,056 0 0
TIER REIT INC COM NEW 88650V208 296 21,990 SH   SOLE   21,990 0 0
HOUGHTON MIFFLIN HARCOURT CO COM 44157R109 434 21,776 SH   SOLE   21,776 0 0
PLANET PAYMENT INC SHS U72603118 74 20,936 SH   SOLE   20,936 0 0
OPKO HEALTH INC COM 68375N103 213 20,470 SH   SOLE   20,470 0 0
PIMCO DYNAMIC CR INCOME FD COM SHS 72202D106 351 20,139 SH   SOLE   20,139 0 0
ALLERGAN PLC SHS G0177J108 5,239 19,548 SH   SOLE   19,548 0 0
MEETME INC COM 585141104 54 19,090 SH   SOLE   19,090 0 0
BIO TECHNE CORP COM 09073M104 1,678 17,756 SH   SOLE   17,756 0 0
ENZO BIOCHEM INC COM 294100102 79 17,392 SH   SOLE   17,392 0 0
ENERGY RECOVERY INC COM 29270J100 174 16,857 SH   SOLE   16,857 0 0
ATHERSYS INC COM 04744L106 37 16,514 SH   SOLE   16,514 0 0
MAXWELL TECHNOLOGIES INC COM 577767106 98 16,476 SH   SOLE   16,476 0 0
FRANKS INTL N V COM N33462107 270 16,400 SH   SOLE   16,400 0 0
MICHAELS COS INC COM 59408Q106 454 16,242 SH   SOLE   16,242 0 0
BIO PATH HOLDINGS INC COM 09057N102 42 16,141 SH   SOLE   16,141 0 0
MATCH GROUP INC COM 57665R106 177 16,012 SH   SOLE   16,012 0 0
GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 63 15,990 SH   SOLE   15,990 0 0
AGROFRESH SOLUTIONS COM 00856G109 101 15,749 SH   SOLE   15,749 0 0
ALERE INC COM 01449J105 787 15,551 SH   SOLE   15,551 0 0
CHIPOTLE MEXICAN GRILL INC COM 169656105 7,242 15,376 SH   SOLE   15,376 0 0
ITC HLDGS CORP COM 465685105 661 15,176 SH   SOLE   15,176 0 0
KANSAS CITY LIFE INS CO COM NEW 484836200 600 15,000 SH   SOLE   15,000 0 0
HOWARD HUGHES CORP COM 44267D107 1,541 14,549 SH   SOLE   14,549 0 0
MITEK SYS INC COM NEW 606710200 95 14,452 SH   SOLE   14,452 0 0
REGAL ENTMT GROUP CL A 758766109 301 14,217 SH   SOLE   14,217 0 0
HIGHER ONE HLDGS INC COM 42983D104 55 14,057 SH   SOLE   14,057 0 0
ACELRX PHARMACEUTICALS INC COM 00444T100 43 13,864 SH   SOLE   13,864 0 0
SPDR SERIES TRUST S AND P REGL BKG 78464A698 509 13,515 SH   SOLE   13,515 0 0
NU SKIN ENTERPRISES INC CL A 67018T105 511 13,360 SH   SOLE   13,360 0 0
NEW YORK AND CO INC COM 649295102 52 13,197 SH   SOLE   13,197 0 0
REPUBLIC FIRST BANCORP INC COM 760416107 55 13,106 SH   SOLE   13,106 0 0
NANOVIRICIDES INC COM NEW 630087203 28 12,954 SH   SOLE   12,954 0 0
ELECTRO SCIENTIFIC INDS COM 285229100 92 12,836 SH   SOLE   12,836 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 609 12,501 SH   SOLE   12,501 0 0
CLECO CORP NEW COM 12561W105 684 12,388 SH   SOLE   12,388 0 0
CANADIAN PAC RY LTD COM 13645T100 1,640 12,362 SH   SOLE   12,362 0 0
NEW GOLD INC CDA COM 644535106 46 12,266 SH   SOLE   12,266 0 0
MACATAWA BK CORP COM 554225102 76 12,112 SH   SOLE   12,112 0 0
ENERSIS S A SPONSORED ADR 29274F104 158 11,400 SH   SOLE   11,400 0 0
RADISYS CORP COM 750459109 44 11,232 SH   SOLE   11,232 0 0
SPECTRUM BRANDS HLDGS INC COM 84763R101 1,226 11,221 SH   SOLE   11,221 0 0
KATE SPADE AND CO COM 485865109 278 10,890 SH   SOLE   10,890 0 0
CAMPBELL SOUP CO COM 134429109 689 10,808 SH   SOLE   10,808 0 0
NISOURCE INC COM 65473P105 249 10,584 SH   SOLE   10,584 0 0
PRIMO WTR CORP COM 74165N105 106 10,527 SH   SOLE   10,527 0 0
ARBUTUS BIOPHARMA CORP COM 03879J100 43 10,434 SH   SOLE   10,434 0 0
CENTURY CASINOS INC COM 156492100 63 10,228 SH   SOLE   10,228 0 0
SERITAGE GROWTH PPTYS CL A 81752R100 511 10,218 SH   SOLE   10,218 0 0
INTERACTIVE BROKERS GROUP IN COM 45841N107 397 10,100 SH   SOLE   10,100 0 0
AXOGEN INC COM 05463X106 54 10,088 SH   SOLE   10,088 0 0
DYNAVAX TECHNOLOGIES CORP COM NEW 268158201 192 10,000 SH   SOLE   10,000 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 262 10,000 SH   SOLE   10,000 0 0
KLA-TENCOR CORP COM 482480100 715 9,822 SH   SOLE   9,822 0 0
MCCORMICK AND CO INC COM NON VTG 579780206 523 5,260 SH   SOLE   5,260 0 0
CREDIT ACCEP CORP MICH COM 225310101 503 2,771 SH   SOLE   2,771 0 0
NATIONAL FUEL GAS CO N J COM 636180101 498 9,950 SH   SOLE   9,950 0 0
CHURCH AND DWIGHT INC COM 171340102 487 5,285 SH   SOLE   5,285 0 0
CREDICORP LTD COM G2519Y108 396 3,025 SH   SOLE   3,025 0 0
ISHARES TR CHINA ETF 46429B671 336 7,896 SH   SOLE   7,896 0 0
CHOICE HOTELS INTL INC COM 169905106 333 6,170 SH   SOLE   6,170 0 0
LULULEMON ATHLETICA INC COM 550021109 309 4,562 SH   SOLE   4,562 0 0
VISTA OUTDOOR INC COM 928377100 305 5,884 SH   SOLE   5,884 0 0
SPDR SERIES TRUST S AND P BIOTECH 78464A870 300 5,801 SH   SOLE   5,801 0 0
CTRIP COM INTL LTD AMERICAN DEP SHS 22943F100 296 6,694 SH   SOLE   6,694 0 0
INTREXON CORP COM 46122T102 292 8,626 SH   SOLE   8,626 0 0
NETEASE INC SPONSORED ADR 64110W102 283 1,973 SH   SOLE   1,973 0 0
STRYKER CORP COM 863667101 282 2,626 SH   SOLE   2,626 0 0
ISHARES TR NASDQ BIOTEC ETF 464287556 258 990 SH   SOLE   990 0 0
SPDR SERIES TRUST S AND P INS ETF 78464A789 258 3,722 SH   SOLE   3,722 0 0
SPDR SERIES TRUST S AND P HOMEBUILD 78464A888 244 7,215 SH   SOLE   7,215 0 0
NATIONAL INTERSTATE CORP COM 63654U100 242 8,100 SH   SOLE   8,100 0 0
CSW INDUSTRIALS INC COM 126402106 231 7,336 SH   SOLE   7,336 0 0
JD COM INC SPON ADR CL A 47215P106 229 8,633 SH   SOLE   8,633 0 0
CAESARSTONE SDOT-YAM LTD ORD SHS M20598104 227 6,614 SH   SOLE   6,614 0 0
DUNKIN BRANDS GROUP INC COM 265504100 222 4,703 SH   SOLE   4,703 0 0
SPDR SERIES TRUST S AND P PHARMAC 78464A722 202 5,030 SH   SOLE   5,030 0 0