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
21VIANET-ADR ADR 90138A103 233 20,583 SH   SOLE 0 20,583 0 0
AFFIL MANAGERS COMMON STOCK 008252108 15,046 91,778 SH   SOLE 0 91,778 0 0
BAIDU INC-SP ADR ADR 056752108 209 2,216 SH   SOLE 0 2,216 0 0
BANK OF AMERICA COMMON STOCK 060505104 59,393 4,618,397 SH   SOLE 0 4,618,397 0 0
BLACKSTONE GROUP MLP 09253U108 5,933 281,729 SH   SOLE 0 281,729 0 0
CITIGROUP INC COMMON STOCK 172967424 50,093 1,044,260 SH   SOLE 0 1,044,260 0 0
GENWORTH FINANCI COMMON STOCK 37247D106 23,547 2,063,721 SH   SOLE 0 2,063,721 0 0
JP MORGAN CHASE COMMON STOCK 46625H100 9,885 187,255 SH   SOLE 0 187,255 0 0
MELCO CROWN-ADR ADR 585464100 387 17,288 SH   SOLE 0 17,288 0 0
MGIC INVT CORP COMMON STOCK 552848103 6,922 1,140,362 SH   SOLE 0 1,140,362 0 0
MORGAN STANLEY COMMON STOCK 617446448 21,154 865,891 SH   SOLE 0 865,891 0 0
OCH-ZIFF CAPIT-A MLP 67551U105 12,290 1,177,238 SH   SOLE 0 1,177,238 0 0
RADIAN GROUP INC COMMON STOCK 750236101 22,379 1,925,925 SH   SOLE 0 1,925,925 0 0
REGIONS FINANCIA COMMON STOCK 7591EP100 17,115 1,795,856 SH   SOLE 0 1,795,856 0 0
TAL EDUCATIO-ADR ADR 874080104 220 20,960 SH   SOLE 0 20,960 0 0
TWENTY-FIRST - B COMMON STOCK 90130A200 1,024 31,201 SH   SOLE 0 31,201 0 0
WUXI PHARMAT-ADR ADR 929352102 492 23,451 SH   SOLE 0 23,451 0 0