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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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
AMN HEALTHCARE SERVICES INC COMMON STOCK USD.01 001744101 1,888 62,912 SH   SOLE   62,912 0 0
ABBOTT LABORATORIES COMMON STOCK NPV 002824100 1,917 47,658 SH   SOLE   47,658 0 0
ABIOMED INC COMMON STOCK USD.01 003654100 548 5,907 SH   SOLE   5,907 0 0
AIRGAS INC COMMON STOCK USD.01 009363102 4,493 50,300 SH   SOLE   50,300 0 0
ALAMO GROUP INC COMMON STOCK USD.1 011311107 935 20,000 SH   SOLE   20,000 0 0
ALASKA AIR GROUP INC COMMON STOCK USD.01 011659109 7,223 90,912 SH   SOLE   90,912 0 0
ALEXANDRIA REAL ESTATE EQUIT REIT USD.01 015271109 4,981 58,827 SH   SOLE   58,827 0 0
ALLEGHANY CORP COMMON STOCK USD1. 017175100 1,030 2,200 SH   SOLE   2,200 0 0
ALLIANCE FIBER OPTIC PRODUCT COMMON STOCK USD.001 018680306 439 25,710 SH   SOLE   25,710 0 0
ALLSTATE CORP COMMON STOCK USD.01 020002101 2,362 40,560 SH   SOLE   40,560 0 0
ALTERA CORP COMMON STOCK USD.001 021441100 571 11,400 SH   SOLE   11,400 0 0
AMAZON.COM INC COMMON STOCK USD.01 023135106 23,193 45,308 SH   SOLE   45,308 0 0
AMERICAN CAMPUS COMMUNITIES REIT USD.01 024835100 3,825 105,534 SH   SOLE   105,534 0 0
AMERICAN ELECTRIC POWER COMMON STOCK USD6.5 025537101 5,052 88,844 SH   SOLE   88,844 0 0
AMERICAN INTERNATIONAL GROUP COMMON STOCK USD2.5 026874784 31,009 545,740 SH   SOLE   545,740 0 0
AMERICAN WOODMARK CORP COMMON STOCK NPV 030506109 2,262 34,866 SH   SOLE   34,866 0 0
AMGEN INC COMMON STOCK USD.0001 031162100 13,513 97,694 SH   SOLE   97,694 0 0
AMKOR TECHNOLOGY INC COMMON STOCK USD.001 031652100 532 118,500 SH   SOLE   118,500 0 0
AMTRUST FINANCIAL SERVICES COMMON STOCK USD.01 032359309 3,363 53,400 SH   SOLE   53,400 0 0
ANACOR PHARMACEUTICALS INC COMMON STOCK USD.001 032420101 2,696 22,902 SH   SOLE   22,902 0 0
ANGLOGOLD ASHANTI SPON ADR ADR NPV 035128206 282 34,482 SH   SOLE   34,482 0 0
ANIKA THERAPEUTICS INC COMMON STOCK USD.01 035255108 1,584 49,765 SH   SOLE   49,765 0 0
ANNALY CAPITAL MANAGEMENT IN REIT USD.01 035710409 1,330 134,800 SH   SOLE   134,800 0 0
ANTHEM INC COMMON STOCK USD.01 036752103 8,518 60,840 SH   SOLE   60,840 0 0
APPLE INC COMMON STOCK USD.00001 037833100 73,815 669,223 SH   SOLE   669,223 0 0
ARCHER DANIELS MIDLAND CO COMMON STOCK NPV 039483102 6,123 147,726 SH   SOLE   147,726 0 0
ARROW ELECTRONICS INC COMMON STOCK USD1. 042735100 10,547 190,800 SH   SOLE   190,800 0 0
ASPEN TECHNOLOGY INC COMMON STOCK USD.1 045327103 5,956 157,118 SH   SOLE   157,118 0 0
ASTRONICS CORP COMMON STOCK USD.01 046433108 283 7,003 SH   SOLE   7,003 0 0
ATLAS AIR WORLDWIDE HOLDINGS COMMON STOCK USD.01 049164205 357 10,321 SH   SOLE   10,321 0 0
ATWOOD OCEANICS INC COMMON STOCK USD1. 050095108 1,614 108,988 SH   SOLE   108,988 0 0
AUTOLIV INC COMMON STOCK USD1. 052800109 24,486 224,620 SH   SOLE   224,620 0 0
AUTOZONE INC COMMON STOCK USD.01 053332102 16,041 22,161 SH   SOLE   22,161 0 0
AVERY DENNISON CORP COMMON STOCK USD1. 053611109 2,639 46,644 SH   SOLE   46,644 0 0
AVIS BUDGET GROUP INC COMMON STOCK USD.01 053774105 5,521 126,400 SH   SOLE   126,400 0 0
AVNET INC COMMON STOCK USD1. 053807103 2,061 48,297 SH   SOLE   48,297 0 0
BAKER HUGHES INC COMMON STOCK USD1. 057224107 9,240 177,563 SH   SOLE   177,563 0 0
BANK OF AMERICA CORP COMMON STOCK USD.01 060505104 11,567 742,441 SH   SOLE   742,441 0 0
BANK OF THE OZARKS COMMON STOCK USD.01 063904106 1,142 26,100 SH   SOLE   26,100 0 0
CR BARD INC COMMON STOCK USD.25 067383109 4,723 25,350 SH   SOLE   25,350 0 0
BBCN BANCORP INC COMMON STOCK USD.001 073295107 1,576 104,935 SH   SOLE   104,935 0 0
BECTON DICKINSON AND CO COMMON STOCK USD1. 075887109 8,122 61,222 SH   SOLE   61,222 0 0
BED BATH + BEYOND INC COMMON STOCK USD.01 075896100 8,203 143,865 SH   SOLE   143,865 0 0
BEL FUSE INC CL B COMMON STOCK USD.1 077347300 767 39,450 SH   SOLE   39,450 0 0
BERKSHIRE HATHAWAY INC CL B COMMON STOCK USD.0033 084670702 15,600 119,634 SH   SOLE   119,634 0 0
BEST BUY CO INC COMMON STOCK USD.1 086516101 3,899 105,030 SH   SOLE   105,030 0 0
BIG LOTS INC COMMON STOCK USD.01 089302103 2,791 58,250 SH   SOLE   58,250 0 0
BIOSPECIFICS TECHNOLOGIES COMMON STOCK USD.001 090931106 223 5,113 SH   SOLE   5,113 0 0
H+R BLOCK INC COMMON STOCK NPV 093671105 4,239 117,100 SH   SOLE   117,100 0 0
BOEING CO/THE COMMON STOCK USD5. 097023105 6,772 51,714 SH   SOLE   51,714 0 0
BRINKER INTERNATIONAL INC COMMON STOCK USD.1 109641100 4,403 83,600 SH   SOLE   83,600 0 0
BROCADE COMMUNICATIONS SYS COMMON STOCK USD.001 111621306 14,933 1,438,647 SH   SOLE   1,438,647 0 0
CIGNA CORP COMMON STOCK USD.25 125509109 9,925 73,511 SH   SOLE   73,511 0 0
CVS HEALTH CORP COMMON STOCK USD.01 126650100 21,661 224,510 SH   SOLE   224,510 0 0
CADENCE DESIGN SYS INC COMMON STOCK USD.01 127387108 2,486 120,200 SH   SOLE   120,200 0 0
CAL MAINE FOODS INC COMMON STOCK USD.01 128030202 2,751 50,371 SH   SOLE   50,371 0 0
CALAMP CORP COMMON STOCK USD.01 128126109 401 24,930 SH   SOLE   24,930 0 0
CALPINE CORP COMMON STOCK USD.001 131347304 1,875 128,448 SH   SOLE   128,448 0 0
CAMBREX CORP COMMON STOCK USD.1 132011107 530 13,360 SH   SOLE   13,360 0 0
CARLISLE COS INC COMMON STOCK USD1. 142339100 848 9,700 SH   SOLE   9,700 0 0
CASCADE MICROTECH INC COMMON STOCK USD.01 147322101 386 27,330 SH   SOLE   27,330 0 0
CATERPILLAR INC COMMON STOCK USD1. 149123101 7,118 108,904 SH   SOLE   108,904 0 0
CELANESE CORP SERIES A COMMON STOCK USD.0001 150870103 4,272 72,200 SH   SOLE   72,200 0 0
CELGENE CORP COMMON STOCK USD.01 151020104 23,468 216,955 SH   SOLE   216,955 0 0
CEMEX SAB SPONS ADR PART CER ADR NPV 151290889 21,454 3,069,250 SH   SOLE   1,276,469 0 1,792,781
CHESAPEAKE LODGING TRUST REIT USD.01 165240102 1,697 65,126 SH   SOLE   65,126 0 0
CHEVRON CORP COMMON STOCK USD.75 166764100 28,656 363,291 SH   SOLE   363,291 0 0
CHUBB CORP COMMON STOCK USD1. 171232101 405 3,300 SH   SOLE   3,300 0 0
CHURCH + DWIGHT CO INC COMMON STOCK USD1. 171340102 621 7,400 SH   SOLE   7,400 0 0
CINCINNATI FINANCIAL CORP COMMON STOCK USD2. 172062101 4,691 87,200 SH   SOLE   87,200 0 0
CIRRUS LOGIC INC COMMON STOCK USD.001 172755100 6,715 213,111 SH   SOLE   213,111 0 0
CINTAS CORP COMMON STOCK NPV 172908105 3,565 41,575 SH   SOLE   41,575 0 0
CITIGROUP INC COMMON STOCK USD.01 172967424 47,293 953,302 SH   SOLE   953,302 0 0
CITRIX SYSTEMS INC COMMON STOCK USD.001 177376100 1,945 28,073 SH   SOLE   28,073 0 0
CLOVIS ONCOLOGY INC COMMON STOCK USD.001 189464100 616 6,703 SH   SOLE   6,703 0 0
COACH INC COMMON STOCK USD.01 189754104 1,836 63,476 SH   SOLE   63,476 0 0
COCA COLA CO/THE COMMON STOCK USD.25 191216100 21,386 533,052 SH   SOLE   533,052 0 0
COLGATE PALMOLIVE CO COMMON STOCK USD1. 194162103 15,160 238,891 SH   SOLE   238,891 0 0
COLUMBUS MCKINNON CORP/NY COMMON STOCK USD.01 199333105 1,083 59,616 SH   SOLE   59,616 0 0
COMMVAULT SYSTEMS INC COMMON STOCK USD.01 204166102 646 19,034 SH   SOLE   19,034 0 0
CIA DE MINAS BUENAVENTUR ADR ADR 204448104 11,291 1,894,529 SH   SOLE   791,255 0 1,103,274
COMPUTER SCIENCES CORP COMMON STOCK USD1. 205363104 4,792 78,078 SH   SOLE   78,078 0 0
CONAGRA FOODS INC COMMON STOCK USD5. 205887102 2,884 71,200 SH   SOLE   71,200 0 0
CONSOLIDATED EDISON INC COMMON STOCK USD.1 209115104 1,390 20,800 SH   SOLE   20,800 0 0
CORNING INC COMMON STOCK USD.5 219350105 4,687 273,780 SH   SOLE   273,780 0 0
COWEN GROUP INC CLASS A COMMON STOCK USD.01 223622101 729 159,971 SH   SOLE   159,971 0 0
CRANE CO COMMON STOCK USD1. 224399105 4,815 103,300 SH   SOLE   103,300 0 0
CROWN HOLDINGS INC COMMON STOCK USD5. 228368106 7,636 166,900 SH   SOLE   166,900 0 0
CYNOSURE INC A COMMON STOCK USD.001 232577205 440 14,663 SH   SOLE   14,663 0 0
CYTEC INDUSTRIES INC COMMON STOCK USD.01 232820100 1,595 21,600 SH   SOLE   21,600 0 0
DTE ENERGY COMPANY COMMON STOCK NPV 233331107 1,539 19,149 SH   SOLE   19,149 0 0
DANA HOLDING CORP COMMON STOCK USD.01 235825205 2,185 137,580 SH   SOLE   137,580 0 0
DANAHER CORP W/D COMMON STOCK USD.01 235851102 6,668 78,256 SH   SOLE   78,256 0 0
DEALERTRACK TECHNOLOGIES INC COMMON STOCK USD.01 242309102 1,004 15,900 SH   SOLE   15,900 0 0
DELEK US HOLDINGS INC COMMON STOCK USD.01 246647101 1,125 40,597 SH   SOLE   40,597 0 0
DELTA AIR LINES INC COMMON STOCK USD.0001 247361702 26,278 585,639 SH   SOLE   585,639 0 0
DELUXE CORP COMMON STOCK USD1. 248019101 2,505 44,933 SH   SOLE   44,933 0 0
DENTSPLY INTERNATIONAL INC COMMON STOCK USD.01 249030107 3,154 62,361 SH   SOLE   62,361 0 0
DINEEQUITY INC COMMON STOCK USD.01 254423106 318 3,465 SH   SOLE   3,465 0 0
WALT DISNEY CO/THE COMMON STOCK USD.01 254687106 33,373 326,547 SH   SOLE   326,547 0 0
DOLLAR GENERAL CORP COMMON STOCK USD.875 256677105 14,292 197,289 SH   SOLE   197,289 0 0
DOW CHEMICAL CO W/D COMMON STOCK USD2.5 260543103 10,236 241,415 SH   SOLE   241,415 0 0
DRIL QUIP INC COMMON STOCK USD.01 262037104 1,100 18,900 SH   SOLE   18,900 0 0
DU PONT (E.I.) DE NEMOURS COMMON STOCK USD.3 263534109 480,521 9,969,322 SH   SOLE   9,969,322 0 0
DUCOMMUN INC COMMON STOCK USD.01 264147109 607 30,244 SH   SOLE   30,244 0 0
DUNKIN BRANDS GROUP INC COMMON STOCK USD.001 265504100 1,239 25,280 SH   SOLE   25,280 0 0
EMC CORP/MA COMMON STOCK USD.01 268648102 4,520 187,100 SH   SOLE   187,100 0 0
EMC INS GROUP INC COMMON STOCK USD1. 268664109 503 21,680 SH   SOLE   21,680 0 0
E TRADE FINANCIAL CORP COMMON STOCK USD.01 269246401 1,599 60,724 SH   SOLE   60,724 0 0
EASTMAN CHEMICAL CO COMMON STOCK USD.01 277432100 5,822 89,962 SH   SOLE   89,962 0 0
EASTMAN KODAK CO EASTMAN KODAK CO CW18 125 277461133 9 2,771 SH   SOLE   923 0 1,848
EASTMAN KODAK CO EASTMAN KODAK CO CW18 135 277461141 8 2,771 SH   SOLE   923 0 1,848
EASTMAN KODAK CO COMMON STOCK USD.01 277461406 125 8,026 SH   SOLE   2,709 0 5,317
EBAY INC COMMON STOCK USD.001 278642103 2,874 117,585 SH   SOLE   117,585 0 0
EDISON INTERNATIONAL COMMON STOCK NPV 281020107 5,072 80,422 SH   SOLE   80,422 0 0
EPLUS INC COMMON STOCK USD.01 294268107 2,748 34,755 SH   SOLE   34,755 0 0
EQUIFAX INC COMMON STOCK USD1.25 294429105 3,843 39,546 SH   SOLE   39,546 0 0
ESSENDANT INC COMMON STOCK USD.1 296689102 598 18,433 SH   SOLE   18,433 0 0
ESSEX PROPERTY TRUST INC REIT USD.0001 297178105 1,586 7,100 SH   SOLE   7,100 0 0
FEDERAL REALTY INVS TRUST REIT USD.01 313747206 109 800 SH   SOLE   800 0 0
F5 NETWORKS INC COMMON STOCK NPV 315616102 1,158 10,000 SH   SOLE   10,000 0 0
FISERV INC COMMON STOCK USD.01 337738108 1,658 19,149 SH   SOLE   19,149 0 0
FIRSTMERIT CORP COMMON STOCK NPV 337915102 1,573 89,038 SH   SOLE   89,038 0 0
FOOT LOCKER INC COMMON STOCK USD.01 344849104 11,062 153,700 SH   SOLE   153,700 0 0
FORD MOTOR CO COMMON STOCK USD.01 345370860 10,577 779,436 SH   SOLE   779,436 0 0
FOREST CITY ENTERPRISES CL A COMMON STOCK USD.333 345550107 491 24,400 SH   SOLE   24,400 0 0
FRANCESCAS HOLDINGS CORP COMMON STOCK USD.01 351793104 568 46,465 SH   SOLE   46,465 0 0
FRANKLIN RESOURCES INC COMMON STOCK USD.1 354613101 10,372 278,374 SH   SOLE   278,374 0 0
GATX CORP COMMON STOCK USD.625 361448103 2,892 65,500 SH   SOLE   65,500 0 0
GAP INC/THE COMMON STOCK USD.05 364760108 3,410 119,652 SH   SOLE   119,652 0 0
GENERAL DYNAMICS CORP COMMON STOCK USD1. 369550108 17,985 130,376 SH   SOLE   130,376 0 0
GENERAL ELECTRIC CO COMMON STOCK USD.06 369604103 16,973 673,011 SH   SOLE   673,011 0 0
GILEAD SCIENCES INC COMMON STOCK USD.001 375558103 39,863 405,977 SH   SOLE   405,977 0 0
GOODYEAR TIRE + RUBBER CO COMMON STOCK NPV 382550101 3,314 113,000 SH   SOLE   113,000 0 0
GREAT SOUTHERN BANCORP INC COMMON STOCK USD.01 390905107 1,216 28,089 SH   SOLE   28,089 0 0
GREENBRIER COMPANIES INC COMMON STOCK NPV 393657101 1,169 36,411 SH   SOLE   36,411 0 0
GROUP 1 AUTOMOTIVE INC COMMON STOCK USD.01 398905109 308 3,617 SH   SOLE   3,617 0 0
GUESS? INC COMMON STOCK USD.01 401617105 954 44,658 SH   SOLE   44,658 0 0
HCC INSURANCE HOLDINGS INC COMMON STOCK USD1. 404132102 693 8,950 SH   SOLE   8,950 0 0
HSN INC COMMON STOCK USD.01 404303109 4,319 75,450 SH   SOLE   75,450 0 0
HANOVER INSURANCE GROUP INC/ COMMON STOCK USD.01 410867105 2,277 29,300 SH   SOLE   29,300 0 0
HARLEY DAVIDSON INC COMMON STOCK USD.01 412822108 4,903 89,312 SH   SOLE   89,312 0 0
HAVERTY FURNITURE COMMON STOCK USD1. 419596101 1,988 84,651 SH   SOLE   84,651 0 0
HEALTHCARE REALTY TRUST INC REIT USD.01 421946104 1,483 59,686 SH   SOLE   59,686 0 0
JACK HENRY + ASSOCIATES INC COMMON STOCK USD.01 426281101 2,903 41,700 SH   SOLE   41,700 0 0
HEWLETT PACKARD CO COMMON STOCK USD.01 428236103 19,537 762,877 SH   SOLE   762,877 0 0
HIBBETT SPORTS INC COMMON STOCK USD.01 428567101 657 18,780 SH   SOLE   18,780 0 0
HILL ROM HOLDINGS INC COMMON STOCK NPV 431475102 2,389 45,943 SH   SOLE   45,943 0 0
HILLTOP HOLDINGS INC COMMON STOCK USD.01 432748101 1,945 98,200 SH   SOLE   98,200 0 0
HOLLYFRONTIER CORP COMMON STOCK USD.01 436106108 7,258 148,600 SH   SOLE   148,600 0 0
HOLOGIC INC COMMON STOCK USD.01 436440101 5,860 149,751 SH   SOLE   149,751 0 0
HOME DEPOT INC COMMON STOCK USD.05 437076102 21,533 186,448 SH   SOLE   186,448 0 0
HOME PROPERTIES INC REIT USD.01 437306103 1,211 16,200 SH   SOLE   16,200 0 0
HONEYWELL INTERNATIONAL INC COMMON STOCK USD1. 438516106 16,608 175,392 SH   SOLE   175,392 0 0
HUNTINGTON INGALLS INDUSTRIE COMMON STOCK USD.01 446413106 4,725 44,100 SH   SOLE   44,100 0 0
HUNTSMAN CORP COMMON STOCK USD.01 447011107 1,650 170,262 SH   SOLE   170,262 0 0
HYSTER YALE MATERIALS COMMON STOCK USD.01 449172105 1,374 23,766 SH   SOLE   23,766 0 0
IDACORP INC COMMON STOCK NPV 451107106 1,747 26,994 SH   SOLE   26,994 0 0
INGREDION INC COMMON STOCK USD.01 457187102 9,918 113,600 SH   SOLE   113,600 0 0
INTEL CORP COMMON STOCK USD.001 458140100 14,934 495,475 SH   SOLE   495,475 0 0
INTL BUSINESS MACHINES CORP COMMON STOCK USD.2 459200101 11,604 80,044 SH   SOLE   80,044 0 0
INTERNATIONAL PAPER CO COMMON STOCK USD1. 460146103 4,177 110,526 SH   SOLE   110,526 0 0
INTERPUBLIC GROUP OF COS INC COMMON STOCK USD.1 460690100 432 22,600 SH   SOLE   22,600 0 0
INTUIT INC COMMON STOCK USD.01 461202103 2,430 27,378 SH   SOLE   27,378 0 0
ISHARES MSCI AUSTRALIA ETF ISHARES MSCI AUSTRALIA ETF 464286103 24,761 1,381,725 SH   SOLE   1,381,725 0 0
ISHARES MSCI JAPAN ETF ISHARES MSCI JAPAN ETF 464286848 24,129 2,110,984 SH   SOLE   2,110,984 0 0
ISHARES MSCI HONG KONG ETF ISHARES MSCI HONG KONG ETF 464286871 25,469 1,332,076 SH   SOLE   1,332,076 0 0
ISHARES MSCI EMERGING MARKETS ISHARES MSCI EMERGING MARKET 464287234 49,979 1,524,669 SH   SOLE   732,212 0 792,457
JABIL CIRCUIT INC COMMON STOCK USD.001 466313103 6,082 271,870 SH   SOLE   271,870 0 0
JACOBS ENGINEERING GROUP INC COMMON STOCK USD1. 469814107 8,667 231,550 SH   SOLE   231,550 0 0
JARDEN CORP COMMON STOCK USD.01 471109108 332 6,800 SH   SOLE   6,800 0 0
JOHNSON + JOHNSON COMMON STOCK USD1. 478160104 20,204 216,428 SH   SOLE   216,428 0 0
KOHLS CORP COMMON STOCK USD.01 500255104 5,285 114,130 SH   SOLE   114,130 0 0
KORN/FERRY INTERNATIONAL COMMON STOCK USD.01 500643200 1,861 56,270 SH   SOLE   56,270 0 0
KROGER CO COMMON STOCK USD1. 501044101 6,949 192,660 SH   SOLE   192,660 0 0
KYTHERA BIOPHARMACEUTICALS I COMMON STOCK USD.00001 501570105 502 6,700 SH   SOLE   6,700 0 0
L 3 COMMUNICATIONS HOLDINGS COMMON STOCK USD.01 502424104 4,875 46,644 SH   SOLE   46,644 0 0
LAM RESEARCH CORP COMMON STOCK USD.001 512807108 7,215 110,444 SH   SOLE   110,444 0 0
LAMAR ADVERTISING CO A REIT USD.001 512816109 1,762 33,770 SH   SOLE   33,770 0 0
LANDSTAR SYSTEM INC COMMON STOCK USD.01 515098101 1,974 31,100 SH   SOLE   31,100 0 0
LANNETT CO INC COMMON STOCK USD.001 516012101 4,246 102,261 SH   SOLE   102,261 0 0
LASALLE HOTEL PROPERTIES REIT USD.01 517942108 1,469 51,727 SH   SOLE   51,727 0 0
ESTEE LAUDER COMPANIES CL A COMMON STOCK USD.01 518439104 6,954 86,190 SH   SOLE   86,190 0 0
LEGG MASON INC COMMON STOCK USD.1 524901105 4,494 108,000 SH   SOLE   108,000 0 0
LENNAR CORP A COMMON STOCK USD.1 526057104 8,351 173,500 SH   SOLE   173,500 0 0
LEUCADIA NATIONAL CORP COMMON STOCK USD1. 527288104 2,097 103,526 SH   SOLE   103,526 0 0
ELI LILLY + CO COMMON STOCK NPV 532457108 2,122 25,350 SH   SOLE   25,350 0 0
LINCOLN ELECTRIC HOLDINGS COMMON STOCK NPV 533900106 5,087 97,016 SH   SOLE   97,016 0 0
LINCOLN NATIONAL CORP COMMON STOCK NPV 534187109 2,069 43,602 SH   SOLE   43,602 0 0
LOWE S COS INC COMMON STOCK USD.5 548661107 10,902 158,184 SH   SOLE   158,184 0 0
MGIC INVESTMENT CORP COMMON STOCK USD1. 552848103 3,699 399,500 SH   SOLE   399,500 0 0
MANHATTAN ASSOCIATES INC COMMON STOCK USD.01 562750109 2,361 37,894 SH   SOLE   37,894 0 0
MANITOWOC COMPANY INC COMMON STOCK USD.01 563571108 3,816 254,415 SH   SOLE   254,415 0 0
MARLIN BUSINESS SERVICES INC COMMON STOCK USD.01 571157106 469 30,446 SH   SOLE   30,446 0 0
MASCO CORP COMMON STOCK USD1. 574599106 6,290 249,800 SH   SOLE   249,800 0 0
MATRIX SERVICE CO COMMON STOCK USD.01 576853105 2,643 117,630 SH   SOLE   117,630 0 0
MENTOR GRAPHICS CORP COMMON STOCK NPV 587200106 6,090 247,262 SH   SOLE   247,262 0 0
METHODE ELECTRONICS INC COMMON STOCK USD.5 591520200 1,147 35,962 SH   SOLE   35,962 0 0
MICROSOFT CORP COMMON STOCK USD.00000625 594918104 58,276 1,316,679 SH   SOLE   1,316,679 0 0
MICROSTRATEGY INC CL A COMMON STOCK USD.001 594972408 1,590 8,092 SH   SOLE   8,092 0 0
MICRON TECHNOLOGY INC COMMON STOCK USD.1 595112103 3,473 231,820 SH   SOLE   231,820 0 0
MIMEDX GROUP INC COMMON STOCK USD.001 602496101 529 54,852 SH   SOLE   54,852 0 0
MINERALS TECHNOLOGIES INC COMMON STOCK USD.1 603158106 3,310 68,720 SH   SOLE   68,720 0 0
MOHAWK INDUSTRIES INC COMMON STOCK USD.01 608190104 4,337 23,856 SH   SOLE   23,856 0 0
MONARCH CASINO + RESORT INC COMMON STOCK USD.01 609027107 451 25,084 SH   SOLE   25,084 0 0
MONDELEZ INTERNATIONAL INC A COMMON STOCK NPV 609207105 17,187 410,486 SH   SOLE   410,486 0 0
MORGAN STANLEY COMMON STOCK USD.01 617446448 6,264 198,845 SH   SOLE   198,845 0 0
MOVADO GROUP INC COMMON STOCK USD.01 624580106 513 19,849 SH   SOLE   19,849 0 0
MURPHY OIL CORP COMMON STOCK USD1. 626717102 2,814 116,265 SH   SOLE   116,265 0 0
N B T BANCORP INC COMMON STOCK USD.01 628778102 701 26,011 SH   SOLE   26,011 0 0
NRG ENERGY INC COMMON STOCK USD.01 629377508 9,589 645,733 SH   SOLE   645,733 0 0
NASDAQ INC COMMON STOCK USD.01 631103108 7,791 146,082 SH   SOLE   146,082 0 0
NATIONAL OILWELL VARCO INC COMMON STOCK USD.01 637071101 2,041 54,200 SH   SOLE   54,200 0 0
NAVIGATORS GROUP INC COMMON STOCK USD.1 638904102 922 11,820 SH   SOLE   11,820 0 0
NEENAH PAPER INC COMMON STOCK USD.01 640079109 1,936 33,224 SH   SOLE   33,224 0 0
NEWELL RUBBERMAID INC COMMON STOCK USD1. 651229106 15,337 386,235 SH   SOLE   386,235 0 0
NEWLINK GENETICS CORP COMMON STOCK USD.01 651511107 1,272 35,484 SH   SOLE   35,484 0 0
NIKE INC CL B COMMON STOCK USD1.0 654106103 11,734 95,423 SH   SOLE   95,423 0 0
NORTHERN OIL AND GAS INC COMMON STOCK USD.001 665531109 624 141,220 SH   SOLE   141,220 0 0
NORTHERN TRUST CORP COMMON STOCK USD1.667 665859104 1,037 15,210 SH   SOLE   15,210 0 0
NORTHROP GRUMMAN CORP COMMON STOCK USD1. 666807102 2,356 14,196 SH   SOLE   14,196 0 0
OM GROUP INC COMMON STOCK USD.01 670872100 1,181 35,900 SH   SOLE   35,900 0 0
OASIS PETROLEUM INC COMMON STOCK USD.01 674215108 408 46,997 SH   SOLE   46,997 0 0
OCCIDENTAL PETROLEUM CORP COMMON STOCK USD.2 674599105 26,946 407,340 SH   SOLE   407,340 0 0
OMEGA HEALTHCARE INVESTORS REIT USD.1 681936100 2,664 75,800 SH   SOLE   75,800 0 0
OWENS ILLINOIS INC COMMON STOCK USD.01 690768403 1,366 65,910 SH   SOLE   65,910 0 0
OXFORD INDUSTRIES INC COMMON STOCK USD1. 691497309 694 9,387 SH   SOLE   9,387 0 0
PNC FINANCIAL SERVICES GROUP COMMON STOCK USD5. 693475105 16,631 186,445 SH   SOLE   186,445 0 0
POSCO SPON ADR ADR 693483109 4,964 141,738 SH   SOLE   141,738 0 0
PACCAR INC COMMON STOCK USD1. 693718108 2,473 47,400 SH   SOLE   47,400 0 0
PACKAGING CORP OF AMERICA COMMON STOCK USD.01 695156109 6,227 103,509 SH   SOLE   103,509 0 0
PARK OHIO HOLDINGS CORP COMMON STOCK USD1. 700666100 567 19,632 SH   SOLE   19,632 0 0
PARKER HANNIFIN CORP COMMON STOCK USD.5 701094104 9,285 95,427 SH   SOLE   95,427 0 0
PEPCO HOLDINGS INC COMMON STOCK USD.01 713291102 1,842 76,050 SH   SOLE   76,050 0 0
PEPSICO INC COMMON STOCK USD.017 713448108 17,721 187,917 SH   SOLE   187,917 0 0
PERICOM SEMICONDUCTOR CORP COMMON STOCK NPV 713831105 1,937 106,126 SH   SOLE   106,126 0 0
PFIZER INC COMMON STOCK USD.05 717081103 46,653 1,485,306 SH   SOLE   1,485,306 0 0
PHILIP MORRIS INTERNATIONAL COMMON STOCK NPV 718172109 16,953 213,696 SH   SOLE   213,696 0 0
PIER 1 IMPORTS INC COMMON STOCK USD.001 720279108 734 106,404 SH   SOLE   106,404 0 0
PINNACLE WEST CAPITAL COMMON STOCK NPV 723484101 3,130 48,800 SH   SOLE   48,800 0 0
PIPER JAFFRAY COS COMMON STOCK USD.01 724078100 1,187 32,822 SH   SOLE   32,822 0 0
PLUM CREEK TIMBER CO REIT USD.01 729251108 1,522 38,532 SH   SOLE   38,532 0 0
POLARIS INDUSTRIES INC COMMON STOCK USD.01 731068102 3,320 27,700 SH   SOLE   27,700 0 0
POPULAR INC COMMON STOCK USD.01 733174700 4,695 155,300 SH   SOLE   155,300 0 0
POST PROPERTIES INC REIT USD.01 737464107 1,859 31,900 SH   SOLE   31,900 0 0
PRECISION CASTPARTS CORP COMMON STOCK NPV 740189105 1,769 7,700 SH   SOLE   7,700 0 0
PROCTER + GAMBLE CO/THE COMMON STOCK 742718109 29,706 412,930 SH   SOLE   412,930 0 0
PROGRESSIVE CORP COMMON STOCK USD1. 743315103 2,889 94,302 SH   SOLE   94,302 0 0
PROSPERITY BANCSHARES INC COMMON STOCK USD1. 743606105 7,285 148,350 SH   SOLE   148,350 0 0
PUBLIC SERVICE ENTERPRISE GP COMMON STOCK NPV 744573106 11,383 270,006 SH   SOLE   270,006 0 0
PULTEGROUP INC COMMON STOCK USD.01 745867101 5,185 274,800 SH   SOLE   274,800 0 0
QUAD GRAPHICS INC COMMON STOCK USD.025 747301109 2 144 SH   SOLE   0 0 144
QUALCOMM INC COMMON STOCK USD.0001 747525103 2,432 45,262 SH   SOLE   45,262 0 0
QUESTAR CORP COMMON STOCK NPV 748356102 428 22,060 SH   SOLE   22,060 0 0
RADIAN GROUP INC COMMON STOCK USD.001 750236101 2,669 167,775 SH   SOLE   167,775 0 0
RAYTHEON COMPANY COMMON STOCK USD.01 755111507 11,183 102,355 SH   SOLE   102,355 0 0
REALTY INCOME CORP REIT USD1. 756109104 3,928 82,880 SH   SOLE   82,880 0 0
RED HAT INC COMMON STOCK USD.0001 756577102 2,844 39,562 SH   SOLE   39,562 0 0
RELIANCE STEEL + ALUMINUM COMMON STOCK NPV 759509102 12,495 231,351 SH   SOLE   231,351 0 0
RESMED INC COMMON STOCK USD.004 761152107 3,481 68,300 SH   SOLE   68,300 0 0
REX AMERICAN RESOURCES CORP COMMON STOCK USD.01 761624105 427 8,431 SH   SOLE   8,431 0 0
RITE AID CORP COMMON STOCK USD1. 767754104 863 142,246 SH   SOLE   142,246 0 0
ROBERT HALF INTL INC COMMON STOCK USD.001 770323103 6,368 124,479 SH   SOLE   124,479 0 0
ROCKWELL AUTOMATION INC COMMON STOCK USD1. 773903109 5,327 52,500 SH   SOLE   52,500 0 0
RYANAIR HOLDINGS PLC SP ADR ADR 783513104 22,531 287,753 SH   SOLE   287,753 0 0
RYLAND GROUP INC/THE COMMON STOCK USD1.0 783764103 2,057 50,391 SH   SOLE   50,391 0 0
SAGENT PHARMACEUTICALS INC COMMON STOCK USD.01 786692103 332 21,652 SH   SOLE   21,652 0 0
ST JUDE MEDICAL INC COMMON STOCK USD.1 790849103 2,111 33,462 SH   SOLE   33,462 0 0
SANDERSON FARMS INC COMMON STOCK USD1. 800013104 2,013 29,352 SH   SOLE   29,352 0 0
SANMINA CORP COMMON STOCK USD.01 801056102 2,931 137,171 SH   SOLE   137,171 0 0
HENRY SCHEIN INC COMMON STOCK USD.01 806407102 1,158 8,727 SH   SOLE   8,727 0 0
SCHLUMBERGER LTD COMMON STOCK USD.01 806857108 29,253 424,141 SH   SOLE   424,141 0 0
SCHULMAN (A.) INC COMMON STOCK USD1. 808194104 1,065 32,808 SH   SOLE   32,808 0 0
SCHWEITZER MAUDUIT INTL INC COMMON STOCK USD.1 808541106 1,308 38,038 SH   SOLE   38,038 0 0
SCRIPPS NETWORKS INTER CL A COMMON STOCK USD.01 811065101 8,515 173,100 SH   SOLE   173,100 0 0
SEATTLE GENETICS INC COMMON STOCK USD.001 812578102 806 20,900 SH   SOLE   20,900 0 0
SEMPRA ENERGY COMMON STOCK NPV 816851109 2,403 24,843 SH   SOLE   24,843 0 0
SIMMONS FIRST NATL CORP CL A COMMON STOCK USD.01 828730200 2,139 44,638 SH   SOLE   44,638 0 0
SIMON PROPERTY GROUP INC REIT USD.0001 828806109 11,127 60,563 SH   SOLE   60,563 0 0
SMITH + WESSON HOLDING CORP COMMON STOCK USD.001 831756101 325 19,265 SH   SOLE   19,265 0 0
SMITH (A.O.) CORP COMMON STOCK USD1. 831865209 7,060 108,300 SH   SOLE   108,300 0 0
SNAP ON INC COMMON STOCK USD1. 833034101 7,547 50,000 SH   SOLE   50,000 0 0
SOUTHERN CO/THE COMMON STOCK USD5. 842587107 2,856 63,882 SH   SOLE   63,882 0 0
SOUTHWEST AIRLINES CO COMMON STOCK USD1. 844741108 2,700 70,980 SH   SOLE   70,980 0 0
SPEEDWAY MOTORSPORTS INC COMMON STOCK USD.01 847788106 919 50,938 SH   SOLE   50,938 0 0
SPIRIT AEROSYSTEMS HOLD CL A COMMON STOCK USD.01 848574109 5,435 112,440 SH   SOLE   112,440 0 0
STAMPS.COM INC COMMON STOCK USD.001 852857200 1,547 20,900 SH   SOLE   20,900 0 0
STANCORP FINANCIAL GROUP COMMON STOCK NPV 852891100 46 400 SH   SOLE   400 0 0
STANLEY BLACK + DECKER INC COMMON STOCK USD2.5 854502101 2,262 23,322 SH   SOLE   23,322 0 0
STAPLES INC COMMON STOCK USD.0006 855030102 1,166 99,372 SH   SOLE   99,372 0 0
STARBUCKS CORP COMMON STOCK USD.001 855244109 14,348 252,436 SH   SOLE   252,436 0 0
STEEL DYNAMICS INC COMMON STOCK USD.005 858119100 4,116 239,567 SH   SOLE   239,567 0 0
STERIS CORP COMMON STOCK NPV 859152100 2,293 35,295 SH   SOLE   35,295 0 0
STRYKER CORP COMMON STOCK USD.1 863667101 7,380 78,430 SH   SOLE   78,430 0 0
SUCAMPO PHARMACEUTICALS CL A COMMON STOCK USD.01 864909106 865 43,542 SH   SOLE   43,542 0 0
SUNTRUST BANKS INC COMMON STOCK USD1. 867914103 5,314 138,966 SH   SOLE   138,966 0 0
SUPERNUS PHARMACEUTICALS INC COMMON STOCK USD.001 868459108 1,067 76,037 SH   SOLE   76,037 0 0
SYNOPSYS INC COMMON STOCK USD.01 871607107 5,676 122,900 SH   SOLE   122,900 0 0
SYSCO CORP COMMON STOCK USD1. 871829107 939 24,100 SH   SOLE   24,100 0 0
TJX COMPANIES INC COMMON STOCK USD1. 872540109 2,960 41,444 SH   SOLE   41,444 0 0
TAIWAN SEMICONDUCTOR SP ADR ADR 874039100 29,099 1,402,339 SH   SOLE   596,057 0 806,282
TECH DATA CORP COMMON STOCK USD.0015 878237106 5,535 80,800 SH   SOLE   80,800 0 0
TENNECO INC COMMON STOCK USD.01 880349105 1,560 34,837 SH   SOLE   34,837 0 0
TERADYNE INC COMMON STOCK USD.125 880770102 1,583 87,900 SH   SOLE   87,900 0 0
TERNIUM SA SPONSORED ADR ADR USD1. 880890108 13,187 1,072,996 SH   SOLE   457,202 0 615,794
TESORO CORP COMMON STOCK USD.167 881609101 1,578 16,224 SH   SOLE   16,224 0 0
TEXAS INSTRUMENTS INC COMMON STOCK USD1. 882508104 3,064 61,871 SH   SOLE   61,871 0 0
TEXTRON INC COMMON STOCK USD.125 883203101 14,826 393,887 SH   SOLE   393,887 0 0
THOMPSON CREEK METALS CO INC COMMON STOCK NPV 884768102 138 316,386 SH   SOLE   260,873 0 55,513
THORATEC CORP COMMON STOCK NPV 885175307 1,272 20,100 SH   SOLE   20,100 0 0
TOLL BROTHERS INC COMMON STOCK USD.01 889478103 822 24,000 SH   SOLE   24,000 0 0
TRINITY INDUSTRIES INC COMMON STOCK USD.01 896522109 3,464 152,800 SH   SOLE   152,800 0 0
TRIUMPH GROUP INC COMMON STOCK USD.001 896818101 1,443 34,300 SH   SOLE   34,300 0 0
TRUSTMARK CORP COMMON STOCK NPV 898402102 2,173 93,800 SH   SOLE   93,800 0 0
TYSON FOODS INC CL A COMMON STOCK USD.1 902494103 6,612 153,418 SH   SOLE   153,418 0 0
UGI CORP COMMON STOCK NPV 902681105 3,593 103,200 SH   SOLE   103,200 0 0
US BANCORP COMMON STOCK USD.01 902973304 14,249 347,464 SH   SOLE   347,464 0 0
UMPQUA HOLDINGS CORP COMMON STOCK NPV 904214103 1,586 97,300 SH   SOLE   97,300 0 0
UNION PACIFIC CORP COMMON STOCK USD2.5 907818108 23,736 268,472 SH   SOLE   268,472 0 0
UNITED INSURANCE HOLDINGS CO COMMON STOCK USD.0001 910710102 342 25,974 SH   SOLE   25,974 0 0
UNITED RENTALS INC COMMON STOCK USD.01 911363109 1,340 22,308 SH   SOLE   22,308 0 0
UNITED TECHNOLOGIES CORP COMMON STOCK USD1. 913017109 10,960 123,160 SH   SOLE   123,160 0 0
VALMONT INDUSTRIES COMMON STOCK USD1. 920253101 1,357 14,300 SH   SOLE   14,300 0 0
VANGUARD S+P 500 ETF VANGUARD S+P 500 ETF 922908363 127,390 725,000 SH   SOLE   725,000 0 0
VMWARE INC CLASS A COMMON STOCK USD.01 928563402 851 10,800 SH   SOLE   10,800 0 0
WABASH NATIONAL CORP COMMON STOCK USD.01 929566107 1,998 188,705 SH   SOLE   188,705 0 0
WAL MART STORES INC COMMON STOCK USD.1 931142103 10,191 157,170 SH   SOLE   157,170 0 0
WELLS FARGO + CO COMMON STOCK USD1.666 949746101 26,704 520,040 SH   SOLE   520,040 0 0
WEST CORP COMMON STOCK USD.001 952355204 329 14,673 SH   SOLE   14,673 0 0
WESTERN DIGITAL CORP COMMON STOCK USD.01 958102105 9,643 121,390 SH   SOLE   121,390 0 0
WESTERN REFINING INC COMMON STOCK USD.01 959319104 2,712 61,474 SH   SOLE   61,474 0 0
WHITEWAVE FOODS CO COMMON STOCK USD.01 966244105 546 13,600 SH   SOLE   13,600 0 0
WHOLE FOODS MARKET INC COMMON STOCK NPV 966837106 4,489 141,820 SH   SOLE   141,820 0 0
WILEY (JOHN) + SONS CLASS A COMMON STOCK USD1. 968223206 4,833 96,600 SH   SOLE   96,600 0 0
WORLD ACCEPTANCE CORP COMMON STOCK NPV 981419104 583 21,710 SH   SOLE   21,710 0 0
WORLD FUEL SERVICES CORP COMMON STOCK USD.01 981475106 2,717 75,900 SH   SOLE   75,900 0 0
WORTHINGTON INDUSTRIES COMMON STOCK NPV 981811102 5,497 207,604 SH   SOLE   207,604 0 0
VERISIGN INC COMMON STOCK USD.001 92343E102 11,548 163,662 SH   SOLE   163,662 0 0
HCI GROUP INC COMMON STOCK NPV 40416E103 340 8,769 SH   SOLE   8,769 0 0
AMERISOURCEBERGEN CORP COMMON STOCK USD.01 03073E105 7,417 78,078 SH   SOLE   78,078 0 0
TARGET CORP COMMON STOCK USD.0833 87612E106 21,758 276,602 SH   SOLE   276,602 0 0
ARGAN INC COMMON STOCK USD.15 04010E109 1,834 52,888 SH   SOLE   52,888 0 0
NCR CORPORATION COMMON STOCK USD.01 62886E108 4,960 218,020 SH   SOLE   218,020 0 0
NAVISTAR INTERNATIONAL CORP COMMON STOCK USD.1 63934E108 3,287 258,384 SH   SOLE   258,384 0 0
DR PEPPER SNAPPLE GROUP INC COMMON STOCK USD.01 26138E109 10,092 127,664 SH   SOLE   127,664 0 0
TRAVELERS COS INC/THE COMMON STOCK NPV 89417E109 11,847 119,034 SH   SOLE   119,034 0 0
ADT CORP/THE COMMON STOCK USD.01 00101J106 2,820 94,302 SH   SOLE   94,302 0 0
AES CORP COMMON STOCK USD.01 00130H105 7,074 722,600 SH   SOLE   722,600 0 0
AMAG PHARMACEUTICALS INC COMMON STOCK USD.01 00163U106 1,656 41,670 SH   SOLE   41,180 0 490
AMC NETWORKS INC A COMMON STOCK 00164V103 2,729 37,300 SH   SOLE   37,300 0 0
ANI PHARMACEUTICALS INC COMMON STOCK USD.0001 00182C103 563 14,255 SH   SOLE   14,255 0 0
AT+T INC COMMON STOCK USD1. 00206R102 21,597 662,887 SH   SOLE   662,887 0 0
ABBVIE INC COMMON STOCK USD.01 00287Y109 5,903 108,498 SH   SOLE   108,498 0 0
ACORDA THERAPEUTICS INC COMMON STOCK USD.001 00484M106 788 29,731 SH   SOLE   29,731 0 0
AECOM COMMON STOCK USD.01 00766T100 3,241 117,800 SH   SOLE   117,800 0 0
AETNA INC COMMON STOCK USD.01 00817Y108 20,910 191,114 SH   SOLE   191,114 0 0
ALLISON TRANSMISSION HOLDING COMMON STOCK USD.01 01973R101 5,060 189,600 SH   SOLE   189,600 0 0
ALTRIA GROUP INC COMMON STOCK USD.333 02209S103 8,308 152,724 SH   SOLE   152,724 0 0
AMERICA MOVIL SPN ADR CL L ADR NPV 02364W105 6,381 385,575 SH   SOLE   0 0 385,575
AMERICAN AIRLINES GROUP INC COMMON STOCK 02376R102 12,144 312,753 SH   SOLE   286,765 0 25,988
AMERICAN TOWER CORP REIT USD.01 03027X100 9,259 105,240 SH   SOLE   105,240 0 0
AMERISAFE INC COMMON STOCK USD.01 03071H100 2,915 58,623 SH   SOLE   58,623 0 0
AMERIPRISE FINANCIAL INC COMMON STOCK USD.01 03076C106 1,217 11,154 SH   SOLE   11,154 0 0
AMSURG CORP COMMON STOCK NPV 03232P405 2,186 28,135 SH   SOLE   28,135 0 0
ANCHOR BANCORP WISCONSIN INC COMMON STOCK USD.01 03283P106 1,104 25,927 SH   SOLE   25,927 0 0
APOLLO COMMERCIAL REAL ESTAT REIT USD.01 03762U105 1,339 85,250 SH   SOLE   85,250 0 0
ARCBEST CORP COMMON STOCK USD.01 03937C105 845 32,772 SH   SOLE   32,772 0 0
ASSURANT INC COMMON STOCK USD.01 04621X108 7,372 93,300 SH   SOLE   93,300 0 0
AUTONATION INC COMMON STOCK USD.01 05329W102 3,886 66,800 SH   SOLE   66,800 0 0
BANKRATE INC COMMON STOCK USD.01 06647F102 603 58,229 SH   SOLE   58,229 0 0
BASIC ENERGY SERVICES INC COMMON STOCK USD.01 06985P100 540 163,597 SH   SOLE   163,597 0 0
BENCHMARK ELECTRONICS INC COMMON STOCK USD.1 08160H101 1,587 72,946 SH   SOLE   72,946 0 0
BIOGEN INC COMMON STOCK USD.0005 09062X103 2,682 9,191 SH   SOLE   9,191 0 0
BIOMED REALTY TRUST INC REIT USD.01 09063H107 3,085 154,400 SH   SOLE   154,400 0 0
BROADRIDGE FINANCIAL SOLUTIO COMMON STOCK USD.01 11133T103 2,231 40,300 SH   SOLE   40,300 0 0
CAI INTERNATIONAL INC COMMON STOCK USD.0001 12477X106 549 54,441 SH   SOLE   54,441 0 0
CBRE GROUP INC A COMMON STOCK USD.01 12504L109 1,798 56,200 SH   SOLE   56,200 0 0
CDW CORP/DE COMMON STOCK USD.01 12514G108 5,159 126,260 SH   SOLE   126,260 0 0
CLECO CORPORATION COMMON STOCK USD1. 12561W105 591 11,100 SH   SOLE   11,100 0 0
CVR ENERGY INC COMMON STOCK USD.01 12662P108 12 300 SH   SOLE   300 0 0
CABLEVISION SYSTEMS NY GRP A COMMON STOCK USD.01 12686C109 201 6,200 SH   SOLE   6,200 0 0
CABOT MICROELECTRONICS CORP COMMON STOCK USD.001 12709P103 2,149 55,480 SH   SOLE   55,480 0 0
CAMERON INTERNATIONAL CORP COMMON STOCK USD.01 13342B105 4,546 74,138 SH   SOLE   74,138 0 0
CAPITAL ONE FINANCIAL CORP COMMON STOCK USD.01 14040H105 25,236 347,980 SH   SOLE   347,980 0 0
CARDINAL HEALTH INC COMMON STOCK NPV 14149Y108 1,324 17,238 SH   SOLE   17,238 0 0
CENTENE CORP COMMON STOCK USD.001 15135B101 751 13,840 SH   SOLE   13,840 0 0
CENTRUS ENERGY CORP CLASS A COMMON STOCK USD.1 15643U104 849 274,757 SH   SOLE   203,621 0 71,136
CEPHEID INC COMMON STOCK NPV 15670R107 949 20,994 SH   SOLE   20,994 0 0
CISCO SYSTEMS INC COMMON STOCK USD.001 17275R102 40,584 1,546,039 SH   SOLE   1,546,039 0 0
CITI TRENDS INC COMMON STOCK USD.01 17306X102 1,545 66,065 SH   SOLE   66,065 0 0
COCA COLA ENTERPRISES COMMON STOCK USD.01 19122T109 5,741 118,730 SH   SOLE   118,730 0 0
COMCAST CORP CLASS A COMMON STOCK USD.01 20030N101 34,679 609,689 SH   SOLE   609,689 0 0
COMMUNICATIONS SALES + LE REIT USD.0001 20341J104 281 15,700 SH   SOLE   15,700 0 0
COMPASS MINERALS INTERNATION COMMON STOCK USD.01 20451N101 533 6,800 SH   SOLE   6,800 0 0
ATLANTICUS HOLDINGS CORP SR UNSECURED 11/35 5.875 20478NAD2 840 2,000,000 SH   SOLE   2,000,000 0 0
CONSTELLATION BRANDS INC A COMMON STOCK USD.01 21036P108 1,892 15,109 SH   SOLE   15,109 0 0
COOPER STANDARD HOLDING COMMON STOCK USD.001 21676P103 618 10,659 SH   SOLE   10,659 0 0
CORELOGIC INC COMMON STOCK USD1. 21871D103 730 19,600 SH   SOLE   19,600 0 0
CORRECTIONS CORP OF AMERICA REIT USD.01 22025Y407 1,775 60,100 SH   SOLE   60,100 0 0
CRACKER BARREL OLD COUNTRY COMMON STOCK USD.01 22410J106 3,789 25,724 SH   SOLE   25,724 0 0
CYBERONICS INC COMMON STOCK USD.01 23251P102 575 9,463 SH   SOLE   9,463 0 0
DR HORTON INC COMMON STOCK USD.01 23331A109 4,440 151,236 SH   SOLE   151,236 0 0
DSW INC CLASS A COMMON STOCK NPV 23334L102 737 29,100 SH   SOLE   29,100 0 0
DOMINION RESOURCES INC/VA COMMON STOCK NPV 25746U109 4,996 70,980 SH   SOLE   70,980 0 0
DOT HILL SYSTEMS CORP COMMON STOCK USD.001 25848T109 198 20,400 SH   SOLE   20,400 0 0
DUKE ENERGY CORP COMMON STOCK USD.001 26441C204 4,527 62,921 SH   SOLE   62,921 0 0
DYNEGY INC COMMON STOCK USD.01 26817R108 4,101 198,402 SH   SOLE   198,402 0 0
EPR PROPERTIES REIT USD.01 26884U109 3,039 58,927 SH   SOLE   58,927 0 0
EAST WEST BANCORP INC COMMON STOCK USD.001 27579R104 4,591 119,500 SH   SOLE   119,500 0 0
ENANTA PHARMACEUTICALS INC COMMON STOCK USD.01 29251M106 474 13,128 SH   SOLE   13,128 0 0
ENERGIZER HOLDINGS INC COMMON STOCK 29272W109 5,288 136,600 SH   SOLE   136,600 0 0
ENERSYS COMMON STOCK USD.01 29275Y102 593 11,071 SH   SOLE   11,071 0 0
ENTERGY CORP COMMON STOCK USD.01 29364G103 8,509 130,700 SH   SOLE   130,700 0 0
ESPERION THERAPEUTICS INC COMMON STOCK USD.001 29664W105 143 6,041 SH   SOLE   6,041 0 0
EVERCORE PARTNERS INC CL A COMMON STOCK USD.01 29977A105 2,460 48,959 SH   SOLE   48,959 0 0
EVERSOURCE ENERGY COMMON STOCK USD5.0 30040W108 2,977 58,817 SH   SOLE   58,817 0 0
EXPEDIA INC COMMON STOCK USD.001 30212P303 4,057 34,476 SH   SOLE   34,476 0 0
EXPRESS SCRIPTS HOLDING CO COMMON STOCK USD.01 30219G108 7,107 87,781 SH   SOLE   87,781 0 0
EXTRA SPACE STORAGE INC REIT USD.01 30225T102 1,410 18,278 SH   SOLE   18,278 0 0
EZCORP INC SR UNSECURED 06/19 2.625 302301AB2 5,888 8,250,000 SH   SOLE   5,545,000 0 2,705,000
EXXON MOBIL CORP COMMON STOCK NPV 30231G102 26,956 362,557 SH   SOLE   362,557 0 0
FMC TECHNOLOGIES INC COMMON STOCK USD.01 30249U101 871 28,100 SH   SOLE   28,100 0 0
FXCM INC SR UNSECURED 06/18 2.25 302693AB2 7,176 9,200,000 SH   SOLE   6,215,000 0 2,985,000
FACEBOOK INC A COMMON STOCK USD.000006 30303M102 14,298 159,043 SH   SOLE   159,043 0 0
FEDEX CORP COMMON STOCK USD.1 31428X106 8,862 61,553 SH   SOLE   61,553 0 0
FIRST AMERICAN FINANCIAL COMMON STOCK USD.00001 31847R102 2,122 54,300 SH   SOLE   54,300 0 0
FIRST COMMUNITY BANCSHARES COMMON STOCK USD1. 31983A103 509 28,409 SH   SOLE   28,409 0 0
FLEXION THERAPEUTICS INC COMMON STOCK USD.001 33938J106 290 19,491 SH   SOLE   19,491 0 0
FOSSIL GROUP INC COMMON STOCK USD.01 34988V106 827 14,800 SH   SOLE   14,800 0 0
FUTUREFUEL CORP COMMON STOCK USD.0001 36116M106 905 91,592 SH   SOLE   91,592 0 0
GNC HOLDINGS INC CL A COMMON STOCK USD.001 36191G107 932 23,070 SH   SOLE   23,070 0 0
GENERAL MOTORS CO COMMON STOCK USD.01 37045V100 5,361 178,567 SH   SOLE   178,567 0 0
GENERAL MOTORS CO WTS CALL EXP 10JUL16 37045V118 3,196 156,801 SH   SOLE   156,801 0 0
GENERAL MOTORS CO WTS CALL EXP 10JUL19 37045V126 2,349 177,681 SH   SOLE   177,681 0 0
GOLDMAN SACHS GROUP INC COMMON STOCK USD.01 38141G104 23,135 133,146 SH   SOLE   133,146 0 0
GOVERNMENT PROPERTIES INCOME REIT USD.01 38376A103 2,375 148,455 SH   SOLE   148,455 0 0
GREATBATCH INC COMMON STOCK USD.001 39153L106 1,235 21,892 SH   SOLE   21,892 0 0
HCA HOLDINGS INC COMMON STOCK USD.01 40412C101 17,221 222,612 SH   SOLE   222,612 0 0
HCP INC REIT USD1. 40414L109 1,367 36,700 SH   SOLE   36,700 0 0
HRG GROUP INC COMMON STOCK USD.01 40434J100 3,625 309,000 SH   SOLE   309,000 0 0
HANGER INC COMMON STOCK USD.01 41043F208 815 59,780 SH   SOLE   59,780 0 0
HERITAGE INSURANCE HOLDINGS COMMON STOCK USD.0001 42727J102 1,461 74,060 SH   SOLE   74,060 0 0
HESKA CORP COMMON STOCK USD.001 42805E306 501 16,450 SH   SOLE   16,450 0 0
HESS CORP COMMON STOCK USD1. 42809H107 18,588 371,313 SH   SOLE   371,313 0 0
HOSPITALITY PROPERTIES TRUST REIT USD.01 44106M102 6,569 256,800 SH   SOLE   256,800 0 0
IAC/INTERACTIVECORP COMMON STOCK USD.001 44919P508 2,826 43,300 SH   SOLE   43,300 0 0
ICU MEDICAL INC COMMON STOCK USD.1 44930G107 782 7,140 SH   SOLE   7,140 0 0
IPG PHOTONICS CORP COMMON STOCK USD.0001 44980X109 593 7,800 SH   SOLE   7,800 0 0
IPC HEALTHCARE INC COMMON STOCK USD.001 44984A105 890 11,450 SH   SOLE   11,450 0 0
ICICI BANK LTD SPON ADR ADR 45104G104 15,677 1,870,738 SH   SOLE   228,789 0 1,641,949
IDEX CORP COMMON STOCK USD.01 45167R104 1,526 21,400 SH   SOLE   21,400 0 0
INSIGHT ENTERPRISES INC COMMON STOCK USD.01 45765U103 1,150 44,503 SH   SOLE   44,503 0 0
INNOSPEC INC COMMON STOCK USD.01 45768S105 1,571 33,776 SH   SOLE   33,776 0 0
INSYS THERAPEUTICS INC COMMON STOCK USD.0002145 45824V209 1,454 51,097 SH   SOLE   51,097 0 0
INTERDIGITAL INC COMMON STOCK USD.01 45867G101 1,086 21,468 SH   SOLE   21,468 0 0
INTERSECT ENT INC COMMON STOCK USD.001 46071F103 492 21,020 SH   SOLE   21,020 0 0
INVESTORS BANCORP INC COMMON STOCK USD.01 46146L101 586 47,453 SH   SOLE   47,453 0 0
ISHARES MSCI INDIA ETF ISHARES MSCI INDIA ETF 46429B598 11,543 404,019 SH   SOLE   0 0 404,019
JPMORGAN CHASE + CO COMMON STOCK USD1.0 46625H100 50,856 834,112 SH   SOLE   834,112 0 0
JANUS CAPITAL GROUP INC COMMON STOCK USD.01 47102X105 428 31,489 SH   SOLE   31,489 0 0
JONES LANG LASALLE INC COMMON STOCK USD.01 48020Q107 5,167 35,938 SH   SOLE   35,938 0 0
J2 GLOBAL INC COMMON STOCK USD.01 48123V102 1,962 27,690 SH   SOLE   27,690 0 0
JUNIPER NETWORKS INC COMMON STOCK USD.00001 48203R104 6,126 238,290 SH   SOLE   238,290 0 0
K12 INC COMMON STOCK USD.0001 48273U102 592 47,592 SH   SOLE   47,592 0 0
KADANT INC COMMON STOCK USD.01 48282T104 950 24,340 SH   SOLE   24,340 0 0
KEURIG GREEN MOUNTAIN INC COMMON STOCK USD.1 49271M100 1,199 23,000 SH   SOLE   23,000 0 0
KIMCO REALTY CORP REIT USD.01 49446R109 1,783 72,967 SH   SOLE   72,967 0 0
LENDINGTREE INC COMMON STOCK USD.01 52603B107 1,376 14,790 SH   SOLE   14,790 0 0
LEVEL 3 COMMUNICATIONS INC COMMON STOCK USD.01 52729N308 9,237 211,422 SH   SOLE   211,422 0 0
LIBERTY INTERACTIVE CORP Q A TRACKING STK USD.01 53071M104 7,308 278,600 SH   SOLE   278,600 0 0
LIBERTY VENTURES SER A COMMON STOCK USD.01 53071M880 896 22,200 SH   SOLE   22,200 0 0
LIGAND PHARMACEUTICALS COMMON STOCK USD.001 53220K504 1,598 18,654 SH   SOLE   18,654 0 0
MB FINANCIAL INC COMMON STOCK USD.01 55264U108 1,386 42,453 SH   SOLE   42,453 0 0
M/I HOMES INC COMMON STOCK USD.01 55305B101 861 36,526 SH   SOLE   36,526 0 0
MKS INSTRUMENTS INC COMMON STOCK NPV 55306N104 2,510 74,845 SH   SOLE   74,845 0 0
MACY S INC COMMON STOCK USD.01 55616P104 2,342 45,630 SH   SOLE   45,630 0 0
MALIBU BOATS INC A COMMON STOCK USD.01 56117J100 229 16,362 SH   SOLE   16,362 0 0
MARATHON PETROLEUM CORP COMMON STOCK 56585A102 1,503 32,448 SH   SOLE   32,448 0 0
MARRIOTT VACATIONS WORLD COMMON STOCK USD.01 57164Y107 1,900 27,889 SH   SOLE   27,889 0 0
MATSON INC COMMON STOCK NPV 57686G105 2,840 73,791 SH   SOLE   73,791 0 0
MEDIVATION INC COMMON STOCK USD.01 58501N101 1,913 45,000 SH   SOLE   45,000 0 0
MEDNAX INC COMMON STOCK USD.01 58502B106 4,899 63,800 SH   SOLE   63,800 0 0
MERCK + CO. INC. COMMON STOCK USD.5 58933Y105 30,461 616,737 SH   SOLE   616,737 0 0
MERITAGE HOMES CORP COMMON STOCK USD.01 59001A102 1,441 39,470 SH   SOLE   39,470 0 0
MERITOR INC COMMON STOCK USD1. 59001K100 837 78,700 SH   SOLE   78,700 0 0
METLIFE INC COMMON STOCK USD.01 59156R108 21,403 453,943 SH   SOLE   453,943 0 0
MID AMERICA APARTMENT COMM REIT USD.01 59522J103 1,687 20,600 SH   SOLE   20,600 0 0
MOSAIC CO/THE COMMON STOCK USD.01 61945C103 8,912 286,453 SH   SOLE   286,453 0 0
MULTI FINELINE ELECTRONIX IN COMMON STOCK USD.0001 62541B101 415 24,842 SH   SOLE   24,842 0 0
NVR INC COMMON STOCK USD.01 62944T105 763 500 SH   SOLE   500 0 0
NETAPP INC COMMON STOCK USD.001 64110D104 14,794 499,797 SH   SOLE   499,797 0 0
NETFLIX INC COMMON STOCK USD.001 64110L106 578 5,600 SH   SOLE   5,600 0 0
NETEASE INC ADR ADR USD.0001 64110W102 24,123 200,824 SH   SOLE   83,674 0 117,150
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NEXTERA ENERGY INC COMMON STOCK USD.01 65339F101 3,660 37,518 SH   SOLE   37,518 0 0
NUANCE COMMUNICATIONS INC COMMON STOCK USD.001 67020Y100 4,016 245,300 SH   SOLE   245,300 0 0
OMEGA PROTEIN CORP COMMON STOCK USD.01 68210P107 1,333 78,531 SH   SOLE   78,531 0 0
ORACLE CORP COMMON STOCK USD.01 68389X105 30,397 841,558 SH   SOLE   841,558 0 0
ORASURE TECHNOLOGIES INC COMMON STOCK USD.000001 68554V108 614 138,360 SH   SOLE   138,360 0 0
PBF ENERGY INC CLASS A COMMON STOCK USD.001 69318G106 516 18,289 SH   SOLE   18,289 0 0
PC CONNECTION INC COMMON STOCK USD.01 69318J100 848 40,914 SH   SOLE   40,914 0 0
PGT INC COMMON STOCK USD.01 69336V101 1,630 132,712 SH   SOLE   132,712 0 0
PNM RESOURCES INC COMMON STOCK NPV 69349H107 1,295 46,174 SH   SOLE   46,174 0 0
PS BUSINESS PARKS INC/CA REIT USD.01 69360J107 1,132 14,258 SH   SOLE   14,258 0 0
PTC INC COMMON STOCK USD.01 69370C100 3,469 109,300 SH   SOLE   109,300 0 0
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PEBBLEBROOK HOTEL TRUST REIT USD.01 70509V100 1,562 44,059 SH   SOLE   44,059 0 0
PENSKE AUTOMOTIVE GROUP INC COMMON STOCK USD.0001 70959W103 2,656 54,840 SH   SOLE   54,840 0 0
PHIBRO ANIMAL HEALTH CORP A COMMON STOCK USD.001 71742Q106 996 31,491 SH   SOLE   31,491 0 0
PILGRIM S PRIDE CORP COMMON STOCK USD.01 72147K108 1,660 79,900 SH   SOLE   79,900 0 0
T ROWE PRICE GROUP INC COMMON STOCK USD.2 74144T108 3,086 44,400 SH   SOLE   44,400 0 0
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RPX CORP COMMON STOCK USD.0001 74972G103 2,073 151,101 SH   SOLE   151,101 0 0
REIS INC COMMON STOCK USD.01 75936P105 1,368 60,402 SH   SOLE   60,402 0 0
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SBA COMMUNICATIONS CORP CL A COMMON STOCK USD.01 78388J106 3,781 36,100 SH   SOLE   36,100 0 0
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SANTANDER CONSUMER USA HOLDI COMMON STOCK USD.01 80283M101 1,715 84,000 SH   SOLE   84,000 0 0
SEALED AIR CORP COMMON STOCK USD.1 81211K100 2,543 54,249 SH   SOLE   54,249 0 0
SELECT INCOME REIT REIT USD.01 81618T100 1,700 89,401 SH   SOLE   89,401 0 0
SIX FLAGS ENTERTAINMENT CORP COMMON STOCK 83001A102 980 21,400 SH   SOLE   21,400 0 0
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SOLERA HOLDINGS INC COMMON STOCK USD.01 83421A104 297 5,500 SH   SOLE   5,500 0 0
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STRATEGIC HOTELS + RESORTS I REIT USD.01 86272T106 785 56,900 SH   SOLE   56,900 0 0
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SYMETRA FINANCIAL CORP COMMON STOCK USD.01 87151Q106 1,307 41,300 SH   SOLE   41,300 0 0
SYNCHRONOSS TECHNOLOGIES INC COMMON STOCK USD.0001 87157B103 476 14,524 SH   SOLE   14,524 0 0
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UNITED THERAPEUTICS CORP COMMON STOCK USD.01 91307C102 3,465 26,400 SH   SOLE   26,400 0 0
UNITEDHEALTH GROUP INC COMMON STOCK USD.01 91324P102 14,191 122,329 SH   SOLE   122,329 0 0
VOXX INTERNATIONAL CORP COMMON STOCK USD.01 91829F104 351 47,308 SH   SOLE   47,308 0 0
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WEC ENERGY GROUP INC COMMON STOCK USD.01 92939U106 1,059 20,280 SH   SOLE   20,280 0 0
WASTE MANAGEMENT INC COMMON STOCK USD.01 94106L109 2,929 58,812 SH   SOLE   58,812 0 0
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PARTNERRE LTD COMMON STOCK USD1. G6852T105 806 5,800 SH   SOLE   5,800 0 0
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SHIP FINANCE INTL LTD COMMON STOCK USD1. G81075106 1,107 68,136 SH   SOLE   68,136 0 0
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VALIDUS HOLDINGS LTD COMMON STOCK USD.175 G9319H102 3,591 79,668 SH   SOLE   79,668 0 0
ACE LTD COMMON STOCK CHF24.77 H0023R105 15,168 146,695 SH   SOLE   146,695 0 0
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LYONDELLBASELL INDU CL A COMMON STOCK N53745100 11,277 135,276 SH   SOLE   135,276 0 0
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COPA HOLDINGS SA CLASS A COMMON STOCK NPV P31076105 5,515 131,527 SH   SOLE   52,921 0 78,606
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