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
ACELRX PHARMACEUTICALS INC COM 00444T100 44 11,515 SH   SOLE   0 0 0
ADECOAGRO S A COM L00849106 1,129 110,464 SH   SOLE   0 0 0
AEMETIS INC COM NEW 00770K202 105 25,000 SH   SOLE   0 0 0
AVISTA CORP COM 05379B107 18,420 538,920 SH   SOLE   0 0 0
BANCO MACRO SA SPON ADR B 05961W105 6,251 109,286 SH   SOLE   0 0 0
BBVA BANCO FRANCES S A SPONSORED ADR 07329M100 3,139 153,699 SH   SOLE   0 0 0
BOX INC CL A 10316T104 312 15,813 SH   SOLE   0 0 0
CARE COM INC COM 141633107 150 19,773 SH   SOLE   0 0 0
CHEVRON CORP NEW COM 166764100 210 2,000 SH   SOLE   0 0 0
CRESUD S A C I F Y A SPONSORED ADR 226406106 1,188 86,355 SH   SOLE   0 0 0
EMPRESA DIST Y COMERCIAL NOR SPON ADR 29244A102 1,994 123,365 SH   SOLE   0 0 0
FATE THERAPEUTICS INC COM 31189P102 1,423 291,067 SH   SOLE   0 0 0
GRUPO FINANCIERO GALICIA S A SP ADR 10 SH B 399909100 7,086 306,091 SH   SOLE   0 0 0
HAWAIIAN ELEC INDUSTRIES COM 419870100 247 7,680 SH   SOLE   0 0 0
IRSA INVERSIONES Y REP S A GLOBL DEP RCPT 450047204 691 35,041 SH   SOLE   0 0 0
NIMBLE STORAGE INC COM 65440R101 1,699 76,148 SH   SOLE   0 0 0
ON DECK CAP INC COM 682163100 512 24,044 SH   SOLE   0 0 0
PAMPA ENERGIA S A SPONS ADR LVL I 697660207 6,617 374,496 SH   SOLE   0 0 0
PETROBRAS ARGENTINA S A SPONS ADR 71646J109 2,222 325,396 SH   SOLE   0 0 0
QUINSTREET INC COM 74874Q100 350 58,824 SH   SOLE   0 0 0
REX ENERGY CORPORATION COM 761565100 2,963 796,468 SH   SOLE   0 0 0
SILVER BAY RLTY TR CORP COM 82735Q102 4,396 272,000 SH   SOLE   0 0 0
TELECOM ARGENTINA S A SPON ADR REP B 879273209 2,833 124,765 SH   SOLE   0 0 0
TRANSPORTADORA DE GAS SUR SPON ADR B 893870204 1,496 280,710 SH   SOLE   0 0 0
TWITTER INC COM 90184L102 16,130 322,098 SH   SOLE   0 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 1,150 28,148 SH   SOLE   0 0 0
VEEVA SYS INC CL A COM 922475108 3,095 120,000 SH   SOLE   0 0 0
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 15,389 560,611 SH   SOLE   0 0 0
ZYNGA INC CL A 98986T108 32 11,153 SH   SOLE   0 0 0