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
AETNA INC NEW COM 00817Y108 45,821 418,800 SH   DFND 1 418,800 0 0
AGNICO EAGLE MINES LTD COM 008474108 33,475 1,320,600 SH   DFND 1 1,320,600 0 0
ALLERGAN PLC SHS ADDED G0177J108 1,952,139 7,182,000 SH   DFND 1 7,182,000 0 0
ALTERA CORP COM 021441100 174,609 3,486,600 SH   DFND 1 3,486,600 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 829,754 14,603,200 SH   DFND 1 14,603,200 0 0
ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 204,974 25,027,300 SH   DFND 1 25,027,300 0 0
BANK OF AMERICA CORPORATION * W Exp 01/16/2019 060505146 95,347 16,639,900 SH   DFND 1 16,639,900 0 0
BANK OF AMERICA CORPORATION * W Exp 10/28/2018 060505153 2,593 9,261,800 SH   DFND 1 9,261,800 0 0
CABLEVISION SYS CORP CL A NY CABLVS 12686C109 253,266 7,800,000 SH   DFND 1 7,800,000 0 0
CAESARS ACQUISITION CO CL A ADDED 12768T103 93,430 13,159,098 SH   DFND 1 13,159,098 0 0
CAESARS ENTMT CORP COM 127686103 85,159 14,458,300 SH   DFND 1 14,458,300 0 0
CAMERON INTERNATIONAL CORP COM 13342B105 183,960 3,000,000 SH   DFND 1 3,000,000 0 0
CIT GROUP INC COM NEW 125581801 276,998 7,007,346 SH   DFND 1 7,007,346 0 0
COBALT INTL ENERGY INC COM 19075F106 295,598 41,751,100 SH   DFND 1 41,751,100 0 0
COBALT INTL ENERGY INC NOTE 2.625%12/001/2019 19075FAA4 69,887 98,260,000 SH   DFND 1 98,260,000 0 0
COBALT INTL ENERGY INC NOTE 3.125% 5/15/2024 ADDED 19075FAB2 138,114 219,229,000 SH   DFND 1 219,229,000 0 0
COMPUTER SCIENCES CORP COM 205363104 43,040 701,200 SH   DFND 1 701,200 0 0
CYBERONICS INC COM 23251P102 117,536 1,933,800 SH   DFND 1 1,933,800 0 0
DEX MEDIA INC NEW COM 25213A107 301 2,231,132 SH   DFND 1 2,231,132 0 0
ENDO INTL PLC SHS G30401106 118,469 1,710,000 SH   DFND 1 1,710,000 0 0
ENZYMOTEC LTD SHS M4059L101 38,356 4,238,275 SH   DFND 1 4,238,275 0 0
EXTENDED STAY AMER INC UNIT 99/99/9999B 30224P200 799,761 47,661,591 SH   DFND 1 47,661,591 0 0
FELCOR LODGING TR INC COM 31430F101 20,857 2,950,000 SH   DFND 1 2,950,000 0 0
GRIFOLS S A SP ADR REP B NVT 398438408 538,966 17,729,140 SH   DFND 1 17,729,140 0 0
HCA HOLDINGS INC COM 40412C101 364,513 4,711,900 SH   DFND 1 4,711,900 0 0
HOWARD HUGHES CORP COM 44267D107 18,932 165,000 SH   DFND 1 165,000 0 0
IAMGOLD CORP COM 450913108 6,298 3,863,912 SH   DFND 1 3,863,912 0 0
INTERNATIONAL TOWER HILL MIN COM 46050R102 7,429 23,058,000 SH   DFND 1 23,058,000 0 0
INTERXION HOLDING N.V SHS N47279109 69,051 2,549,900 SH   DFND 1 2,549,900 0 0
KAMADA LTD SHS ADDED M6240T109 2,499 739,356 SH   DFND 1 739,356 0 0
LIBERTY GLOBAL SHS CL A G5480U104 7,729 180,000 SH   DFND 1 180,000 0 0
MALLINCKRODT PUB LTD CO SHS ADDED G5785G107 421,633 6,594,193 SH   DFND 1 6,594,193 0 0
MGIC INVT CORP WIS COM 552848103 105,587 11,402,500 SH   DFND 1 11,402,500 0 0
MGIC INVT CORP WIS NOTE 2.000% 4/01/2020 552848AE3 214,533 149,500,000 SH   DFND 1 149,500,000 0 0
MGM RESORTS INTERNATIONAL COM 552953101 106,353 5,764,400 SH   DFND 1 5,764,400 0 0
MYLAN N V SHS EURO N59465109 882,220 21,913,061 SH   DFND 1 21,913,061 0 0
NOVACOPPER INC COM 66988K102 4,384 11,835,319 SH   DFND 1 11,835,319 0 0
NOVAGOLD RES INC COM NEW 66987E206 128,575 35,616,357 SH   DFND 1 35,616,357 0 0
OASIS PETE INC NEW COM 674215108 71,822 8,274,466 SH   DFND 1 8,274,466 0 0
OI S.A. SPN ADR PFD NEW 670851401 17,245 25,510,800 SH   DFND 1 25,510,800 0 0
OI S.A. SPN ADR NEW 670851302 2,224 3,271,200 SH   DFND 1 3,271,200 0 0
OUTFRONT MEDIA INC COM 69007J106 89,128 4,285,000 SH   DFND 1 4,285,000 0 0
PERRIGO CO PLC SHS G97822103 462,138 2,938,500 SH   DFND 1 2,938,500 0 0
PHARMERICA CORP COM 71714F104 12,812 450,000 SH   DFND 1 450,000 0 0
POST HLDGS INC COM 737446104 219,025 3,706,000 SH   DFND 1 3,706,000 0 0
PRECISION CASTPARTS CORP COM 740189105 229,710 1,000,000 SH   DFND 1 1,000,000 0 0
RADIAN GROUP INC COM 750236101 88,641 5,571,400 SH   DFND 1 5,571,400 0 0
RADIAN GROUP INC NOTE 2.250% 3/01/2019 750236AN1 120,552 79,968,000 SH   DFND 1 79,968,000 0 0
RANDGOLD RES LTD ADR 752344309 40,179 679,967 SH   DFND 1 679,967 0 0
REALOGY HLDGS CORP COM 75605Y106 265,002 7,042,300 SH   DFND 1 7,042,300 0 0
SANDRIDGE ENERGY INC COM 80007P307 142 527,273 SH   DFND 1 527,273 0 0
SHIRE PLC SPONSORED ADR 82481R106 1,396,631 6,805,200 SH   DFND 1 6,805,200 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 986,836 9,234,852 SH   DFND 1 9,234,852 0 0
STARWOOD HOTELS&RESORTS WRLD COM 85590A401 1,036,756 15,595,000 SH   DFND 1 15,595,000 0 0
SYNERGY PHARMACEUTICALS DEL COM NEW 871639308 47,700 9,000,000 SH   DFND 1 9,000,000 0 0
SYNTHESIS ENERGY SYS INC COM 871628103 9,780 10,000,000 SH   DFND 1 10,000,000 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 1,016,280 18,000,000 SH   DFND 1 18,000,000 0 0
TIM PARTICIPACOES S A SPONSORED ADR 88706P205 56,700 6,000,000 SH   DFND 1 6,000,000 0 0
TIME WARNER CABLE INC COM 88732J207 1,457,023 8,123,000 SH   DFND 1 8,123,000 0 0
T-MOBILE US INC COM ADDED 872590104 937,430 23,547,600 SH   DFND 1 23,547,600 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 1,585,798 8,890,000 SH   DFND 1 8,890,000 0 0
VANDA PHARMACEUTICALS INC COM 921659108 44,517 3,946,500 SH   DFND 1 3,946,500 0 0
WHITEWAVE FOODS CO COM CL A 966244105 104,390 2,600,000 SH   DFND 1 2,600,000 0 0
WHITING PETE CORP NEW COM 966387102 146,592 9,600,000 SH   DFND 1 9,600,000 0 0
LYON WILLIAM HOMES CL A NEW 552074700 68,447 3,322,666 SH   DFND 1 3,322,666 0 0