Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  VI Capital Fund, LP
2. Date of Event Requiring Statement (Month/Day/Year)
12/02/2013
3. Issuer Name and Ticker or Trading Symbol
Hudson Global, Inc. [HSON]
(Last)
(First)
(Middle)
PO BOX 402
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) __X__ Other (specify below)
Member of 10% owner group
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

NEWMAN LAKE, WA 99025
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 100
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
VI Capital Fund, LP
PO BOX 402
NEWMAN LAKE, WA 99025
      Member of 10% owner group
VI Capital Management, LLC
PO BOX 402
NEWMAN LAKE, WA 99025
      Member of 10% owner group
Pointer David William
PO BOX 402
NEWMAN LAKE, WA 99025
      Member of 10% owner group

Signatures

/s/ VI Capital Fund, LP, by VI Capital Management, LLC as its general partner, by David Pointer as Managing Member 12/10/2013
**Signature of Reporting Person Date

/s/ VI Capital Management, LLC, by David Pointer as Managing Member 12/10/2013
**Signature of Reporting Person Date

/s/ David Pointer 12/10/2013
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
 
Remarks:
VI Capital Fund, LP, a Washington limited partnership, is the direct beneficial owner of the reported shares of Common Stock of the Issuer (the "Shares"). VI Capital Management, LLC, a Washington limited liability company, is the general partner of VI Capital Fund, LP. Mr. David Pointer is the managing member of VI Capital Management, LLC. VI Capital Management, LLC and Mr. David Pointer may be deemed to be indirect beneficial owners of such reported Shares. Each of the Reporting Persons disclaims beneficial ownership (as defined in Rule 16a-1(a)(2)) of any securities of the Issuer except to the extent of its pecuniary interest therein. Each Reporting Person may be deemed a member of a "group" for the purpose of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, owning more than 10% of the outstanding shares of common stock of Hudson Global, Inc., as described in a Schedule 13D filed with the Securities and Exchange Commission on December 2, 2013.

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