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
AGL RES COM 001204106 209,000 3,799 SH   DFND   3,799 0 0
AK STL C NOTE5 001546AP5 36,493,000 22,003,000 PRN   DFND   22,003,000 0 0
AMC ENTM CLACO 00165C104 2,536,000 101,980 SH   DFND   101,980 0 0
AARONS I COMPA 002535300 236,000 6,611 SH   DFND   6,611 0 0
ACADIA R COMSH 004239109 3,757,000 133,745 SH   DFND   133,745 0 0
ACTIVISI COM 00507V109 14,394,000 645,483 SH   DFND   645,483 0 0
ACTUANT CLANE 00508X203 4,530,000 131,041 SH   DFND   131,041 0 0
AFFILIAT COM 008252108 6,895,000 33,569 SH   DFND   33,569 0 0
AIR LEAS CLA 00912X302 8,177,000 211,939 SH   DFND   211,939 0 0
ALLIANCE COM 018581108 14,062,000 50,000 SH   DFND   50,000 0 0
ALLIANT COM 018802108 14,244,000 234,050 SH   DFND   234,050 0 0
ALLISON COM 01973R101 11,418,000 367,128 SH   DFND   367,128 0 0
ALTRIA G COM 02209S103 166,000 396,500 SH Call DFND   396,500 0 0
ALTRIA G COM 02209S103 20,195,000 481,516 SH   DFND   481,516 0 0
AMAZON C COM 023135106 812,000 2,500 SH   DFND   2,500 0 0
AMBEV SA SPONS 02319V103 2,521,000 358,078 SH   DFND   358,078 0 0
AMERICAN COM 02376R102 51,552,000 1,200,000 SH   DFND   1,200,000 0 0
AMERICAN COM 024013104 16,238,000 470,000 SH   DFND   470,000 0 0
AMERICAN COM 02504A104 282,000 14,102 SH   DFND   14,102 0 0
AMERICAN COMNE 02554F300 685,000 114,306 SH   DFND   114,306 0 0
AMERICAN COM 02917T104 19,974,000 1,594,064 SH   DFND   1,594,064 0 0
AMERICAN COM 03027X100 15,520,000 172,481 SH   DFND   172,481 0 0
AMERICAN COM 030420103 13,873,000 280,552 SH   DFND   280,552 0 0
ANSYS IN COM 03662Q105 2,835,000 37,389 SH   DFND   37,389 0 0
ANTARES COM 036642106 400,000 150,000 SH   DFND   150,000 0 0
APOLLO E CLA 037604105 15,812,000 505,993 SH   DFND   505,993 0 0
APOLLO I COM 03761U106 5,496,000 638,362 SH   DFND   638,362 0 0
APOLLO C NOTE5 03762UAA3 1,059,000 1,000,000 PRN   DFND   1,000,000 0 0
APPLE IN COM 037833100 19,978,000 214,976 SH   DFND   214,976 0 0
ARATANA COM 03874P101 1,246,000 79,800 SH   DFND   79,800 0 0
ARUBA NE COM 043176106 1,752,000 100,000 SH   DFND   100,000 0 0
ASHFORD COM 044102101 2,576,000 150,113 SH   DFND   150,113 0 0
ASHLAND COM 044209104 32,549,000 299,325 SH   DFND   299,325 0 0
ASSOCIAT COM 045604105 339,000 18,833 SH   DFND   18,833 0 0
ASTRAZEN SPONS 046353108 6,569,000 88,398 SH   DFND   88,398 0 0
ATRICURE COM 04963C209 735,000 40,000 SH   DFND   40,000 0 0
AUTOZONE COM 053332102 30,436,000 56,758 SH   DFND   56,758 0 0
AUXILIUM NOTE1 05334DAA5 10,827,000 10,000,000 PRN   DFND   10,000,000 0 0
AVALONBA COM 053484101 8,391,000 59,010 SH   DFND   59,010 0 0
AVIV REI COM 05381L101 361,000 12,802 SH   DFND   12,802 0 0
BALLY TE COM 05874B107 17,460,000 265,677 SH   DFND   265,677 0 0
BANCO BR SPADR 059460303 797,000 54,880 SH   DFND   54,880 0 0
BANK OF COM 060505104 22,763,000 1,481,006 SH   DFND   1,481,006 0 0
BANK HAW COM 062540109 300,000 5,114 SH   DFND   5,114 0 0
BANKUNIT COM 06652K103 8,011,000 239,263 SH   DFND   239,263 0 0
BEAZER H UNIT9 07556Q709 8,583,000 265,000 SH   DFND   265,000 0 0
BED BATH COM 075896100 4,661,000 81,226 SH   DFND   81,226 0 0
BHP BILL COM 088606108 11,000 100,000 SH Call DFND   100,000 0 0
BHP BILL SPONS 088606108 24,782,000 362,050 SH   DFND   362,050 0 0
BIOMED R COM 09063H107 8,084,000 370,302 SH   DFND   370,302 0 0
BOSTON P COM 101121101 4,727,000 40,000 SH   DFND   40,000 0 0
BOTTOMLI NOTE1 101388AA4 11,183,000 9,500,000 PRN   DFND   9,500,000 0 0
BRIXMOR COM 11120U105 9,731,000 424,000 SH   DFND   424,000 0 0
BROADSOF NOTE1 11133BAB8 1,022,000 1,000,000 PRN   DFND   1,000,000 0 0
CMS ENER COM 125896100 14,722,000 472,622 SH   DFND   472,622 0 0
CSX CORP COM 126408103 33,000 300,000 SH Put DFND   300,000 0 0
CSX CORP COM 126408103 30,003,000 973,796 SH   DFND   973,796 0 0
CADENCE COM 127387108 23,178,000 1,325,200 SH   DFND   1,325,200 0 0
CAL DIVE NOTE5 12802TAB7 2,465,000 2,960,000 PRN   DFND   2,960,000 0 0
CALPINE COMNE 131347304 13,089,000 549,715 SH   DFND   549,715 0 0
CAMDEN P SHBEN 133131102 2,806,000 39,432 SH   DFND   39,432 0 0
CAMECO C COM 13321L108 8,582,000 437,645 SH   DFND   437,645 0 0
CAMERON COM 13342B105 2,697,000 39,836 SH   DFND   39,836 0 0
CANADIAN COM 136635109 7,588,000 242,727 SH   DFND   242,727 0 0
CAPSTONE COM 14067D102 1,132,000 750,000 SH   DFND   750,000 0 0
CEDAR RE COMNE 150602209 2,125,000 340,000 SH   DFND   340,000 0 0
CEMEX SA SPONA 151290889 1,476,000 111,585 SH   DFND   111,585 0 0
CERULEAN COM 15708Q105 636,000 109,650 SH   DFND   109,650 0 0
CHARTER CLANE 16117M305 4,942,000 31,206 SH   DFND   31,206 0 0
CHESAPEA NOTE2 165167BW6 24,395,000 23,100,000 PRN   DFND   23,100,000 0 0
CHESAPEA NOTE2 165167CA3 46,209,000 44,200,000 PRN   DFND   44,200,000 0 0
CHESAPEA SHBEN 165240102 750,000 24,815 SH   DFND   24,815 0 0
CINEDIGM COM 172406100 436,000 175,000 SH   DFND   175,000 0 0
CITRIX S COM 177376100 42,000 50,000 SH Call DFND   50,000 0 0
CITRIX S COM 177376100 26,756,000 427,758 SH   DFND   427,758 0 0
CITY NAT COM 178566105 5,117,000 67,539 SH   DFND   67,539 0 0
CIVEO CO COM 178787107 1,927,000 76,972 SH   DFND   76,972 0 0
CLAYMORE GUGGE 18383Q739 13,119,000 294,338 SH   DFND   294,338 0 0
CLIFFS N COM 18683K101 4,802,000 319,043 SH   DFND   319,043 0 0
CLOROX C COM 189054109 11,000 45,000 SH Call DFND   45,000 0 0
COBALT I COM 19075F106 1,101,000 60,000 SH   DFND   60,000 0 0
COBALT I NOTE2 19075FAA4 30,787,000 33,250,000 PRN   DFND   33,250,000 0 0
COCA COL COM 191216100 17,000 30,000 SH Call DFND   30,000 0 0
COCA COL COM 191216100 39,772,000 938,896 SH   DFND   938,896 0 0
COCA COL COM 19122T109 38,311,000 801,817 SH   DFND   801,817 0 0
COLGATE COM 194162103 25,745,000 377,599 SH   DFND   377,599 0 0
COMCAST CLA 20030N101 5,089,000 94,800 SH   DFND   94,800 0 0
COMMERCI COM 201723103 2,989,000 172,670 SH   DFND   172,670 0 0
COMMUNIT RIGHT 203668116 335,000 5,006,300 SH   DFND   5,006,300 0 0
COMPANHI SPNAD 20440T201 1,686,000 36,393 SH   DFND   36,393 0 0
COMPUWAR COM 205638109 2,498,000 250,000 SH   DFND   250,000 0 0
CONAGRA COM 205887102 228,000 7,674 SH   DFND   7,674 0 0
CONCUR T COM 206708109 1,576,000 16,882 SH   DFND   16,882 0 0
CONCUR T NOTE0 206708AC3 1,682,000 1,500,000 PRN   DFND   1,500,000 0 0
CONSTELL COM 21036P108 36,000 75,000 SH Put DFND   75,000 0 0
COOPER T COM 216831107 17,345,000 578,151 SH   DFND   578,151 0 0
CORIUM I COM 21887L107 383,000 49,303 SH   DFND   49,303 0 0
COSTAR G COM 22160N109 2,905,000 18,364 SH   DFND   18,364 0 0
COUSINS COM 222795106 5,354,000 430,000 SH   DFND   430,000 0 0
CRANE CO COM 224399105 7,440,000 100,056 SH   DFND   100,056 0 0
CROWN CA COM 228227104 4,678,000 62,990 SH   DFND   62,990 0 0
CUBESMAR COM 229663109 622,000 33,958 SH   DFND   33,958 0 0
CUBIST P COM 229678107 2,960,000 42,400 SH   DFND   42,400 0 0
CURTISS COM 231561101 4,119,000 62,822 SH   DFND   62,822 0 0
DCT INDU COM 233153105 1,381,000 168,236 SH   DFND   168,236 0 0
DDR CORP COM 23317H102 6,533,000 370,579 SH   DFND   370,579 0 0
DTE ENER COM 233331107 23,529,000 302,153 SH   DFND   302,153 0 0
DANAHER COM 235851102 25,137,000 319,277 SH   DFND   319,277 0 0
DARLING COM 237266101 37,958,000 1,816,186 SH   DFND   1,816,186 0 0
DEAN FOO COMNE 242370203 10,041,000 570,813 SH   DFND   570,813 0 0
DEVELOPE NOTE1 251591AX1 30,157,000 25,180,000 PRN   DFND   25,180,000 0 0
DIAMOND COM 252603105 2,996,000 106,252 SH   DFND   106,252 0 0
DICKS SP COM 253393102 11,225,000 241,078 SH   DFND   241,078 0 0
DISH NET CLA 25470M109 8,449,000 129,819 SH   DFND   129,819 0 0
DOLLAR G COM 256677105 72,000 35,000 SH Call DFND   35,000 0 0
DR PEPPE COM 26138E109 26,253,000 448,157 SH   DFND   448,157 0 0
DU PONT COM 263534109 30,000 50,000 SH Call DFND   50,000 0 0
DUKE REA COMNE 264411505 1,281,000 70,540 SH   DFND   70,540 0 0
EAST WES COM 27579R104 6,667,000 190,553 SH   DFND   190,553 0 0
EASTMAN COM 277432100 19,186,000 219,643 SH   DFND   219,643 0 0
EBAY INC COM 278642103 53,737,000 1,073,442 SH   DFND   1,073,442 0 0
ECHOSTAR CLA 278768106 2,400,000 45,328 SH   DFND   45,328 0 0
EDISON I COM 281020107 14,635,000 251,843 SH   DFND   251,843 0 0
EDUCATIO COM 28140H104 8,593,000 800,110 SH   DFND   800,110 0 0
EMERSON COM 291011104 16,762,000 252,593 SH   DFND   252,593 0 0
EMERALD COMNE 29101U209 1,912,000 250,000 SH   DFND   250,000 0 0
ENDOLOGI NOTE2 29266SAA4 1,001,000 1,000,000 PRN   DFND   1,000,000 0 0
EQUINIX NOTE3 29444UAG1 380,000 200,000 PRN   DFND   200,000 0 0
EQUITY L COM 29472R108 5,294,000 119,891 SH   DFND   119,891 0 0
EQUITY R SHBEN 29476L107 2,064,000 32,766 SH   DFND   32,766 0 0
EXELON C COM 30161N101 24,879,000 682,000 SH   DFND   682,000 0 0
EXELIXIS NOTE4 30161QAC8 16,792,000 19,741,000 PRN   DFND   19,741,000 0 0
EXELIS I COM 30162A108 3,630,000 213,800 SH   DFND   213,800 0 0
EXTRA SP COM 30225T102 3,826,000 71,841 SH   DFND   71,841 0 0
F M C CO COMNE 302491303 21,384,000 300,377 SH   DFND   300,377 0 0
FACEBOOK CLA 30303M102 1,009,000 15,000 SH   DFND   15,000 0 0
FASTENAL COM 311900104 3,000 13,000 SH Call DFND   13,000 0 0
F5 NETWO COM 315616102 8,271,000 74,216 SH   DFND   74,216 0 0
FIFTH TH COM 316773100 10,328,000 483,757 SH   DFND   483,757 0 0
FIRST CA COM 31942D107 1,059,000 18,393 SH   DFND   18,393 0 0
FIRST IN COMCL 32055Y201 5,283,000 194,380 SH   DFND   194,380 0 0
FIRST MI COM 320867104 830,000 48,729 SH   DFND   48,729 0 0
FIRSTMER COM 337915102 14,419,000 730,088 SH   DFND   730,088 0 0
FIRSTENE COM 337932107 30,357,000 874,341 SH   DFND   874,341 0 0
FLOWSERV COM 34354P105 5,986,000 80,511 SH   DFND   80,511 0 0
FOOT LOC COM 344849104 7,938,000 156,512 SH   DFND   156,512 0 0
FOREST L COM 345838106 85,330,000 861,918 SH   DFND   861,918 0 0
FREEPORT COM 35671D857 1,957,000 53,624 SH   DFND   53,624 0 0
FUSION-I COM 36112J107 3,390,000 300,000 SH   DFND   300,000 0 0
GALLAGHE COM 363576109 19,248,000 413,038 SH   DFND   413,038 0 0
GAMESTOP CLA 36467W109 25,527,000 630,761 SH   DFND   630,761 0 0
GAP INC COM 364760108 5,116,000 123,080 SH   DFND   123,080 0 0
GENERAL COM 370023103 1,921,000 81,546 SH   DFND   81,546 0 0
GENERAL COM 370334104 4,000 50,000 SH Call DFND   50,000 0 0
GENERAL COM 37045V100 2,843,000 972,710 SH Call DFND   972,710 0 0
GENERAL COM 37045V100 14,003,000 385,769 SH   DFND   385,769 0 0
GENESEE UNIT1 371559204 2,720,000 20,000 SH   DFND   20,000 0 0
GLIMCHER SHBEN 379302102 708,000 65,392 SH   DFND   65,392 0 0
GOODYEAR COM 382550101 2,000 20,000 SH Put DFND   20,000 0 0
GOOGLE I CLA 38259P508 1,023,000 1,750 SH   DFND   1,750 0 0
GREENBRI NOTE3 393657AH4 807,000 480,000 PRN   DFND   480,000 0 0
GREIF IN CLA 397624107 6,492,000 118,997 SH   DFND   118,997 0 0
GULF COA ROYAL 40222T104 1,513,000 516,346 SH   DFND   516,346 0 0
HCP INC COM 40414L109 5,139,000 124,190 SH   DFND   124,190 0 0
HEALTH C COM 42217K106 2,707,000 43,194 SH   DFND   43,194 0 0
HEALTH C PFDPE 42217K601 438,000 7,500 SH   DFND   7,500 0 0
HEALTHCA CLA 42225P105 763,000 63,398 SH   DFND   63,398 0 0
HEICO CO COM 422806109 922,000 17,750 SH   DFND   17,750 0 0
HERSHA H SHBEN 427825104 108,000 16,141 SH   DFND   16,141 0 0
HERTZ GL COM 42805T105 54,858,000 1,957,128 SH   DFND   1,957,128 0 0
HOME DEP COM 437076102 13,662,000 168,755 SH   DFND   168,755 0 0
HOMEAWAY COM 43739Q100 870,000 25,000 SH   DFND   25,000 0 0
HOSPIRA COM 441060100 57,823,000 1,125,612 SH   DFND   1,125,612 0 0
HUDSON P COM 444097109 6,660,000 262,837 SH   DFND   262,837 0 0
HUMANA I COM 444859102 155,464,000 1,217,224 SH   DFND   1,217,224 0 0
IDENIX P COM 45166R204 4,097,000 170,000 SH   DFND   170,000 0 0
INTEGRA NOTE1 457985AK5 1,082,000 1,000,000 PRN   DFND   1,000,000 0 0
INTEGRAT COM 458118106 618,000 40,000 SH   DFND   40,000 0 0
INTEL CO COM 458140100 44,898,000 1,453,008 SH   DFND   1,453,008 0 0
INTEL CO SDCV2 458140AD2 1,246,000 1,000,000 SH   DFND   1,000,000 0 0
INVESTOR COM 46146L101 157,000 14,224 SH   DFND   14,224 0 0
ISHARES COM 464286848 39,000 271,200 SH Call DFND   271,200 0 0
ISHARES CORES 464287200 1,783,000 9,050 SH   DFND   9,050 0 0
ISHARES COM 464287655 5,000 11,100 SH Put DFND   11,100 0 0
ISHARES RUSSE 464287655 1,277,000 10,746 SH   DFND   10,746 0 0
ISHARES IBOXX 464288513 1,571,000 16,500 SH   DFND   16,500 0 0
ISHARES MSCII 46429B309 906,000 34,334 SH   DFND   34,334 0 0
ISHARES MSCIP 46429B408 893,000 24,243 SH   DFND   24,243 0 0
ITAU UNI SPONA 465562106 678,000 47,147 SH   DFND   47,147 0 0
JPMORGAN COM 46625H100 25,729,000 446,532 SH   DFND   446,532 0 0
JACOBS E COM 469814107 25,616,000 480,777 SH   DFND   480,777 0 0
JARDEN C NOTE1 471109AH1 11,048,000 8,000,000 PRN   DFND   8,000,000 0 0
JINKOSOL SPONS 47759T100 9,758,000 323,444 SH   DFND   323,444 0 0
K2M GROU COM 48273J107 1,637,000 110,000 SH   DFND   110,000 0 0
KENNAMET COM 489170100 6,088,000 131,548 SH   DFND   131,548 0 0
KEYCORP COM 493267108 12,209,000 851,977 SH   DFND   851,977 0 0
KILROY R COM 49427F108 4,826,000 77,495 SH   DFND   77,495 0 0
KIMCO RL COM 49446R109 1,451,000 63,138 SH   DFND   63,138 0 0
KINDER M COM 49456B101 23,773,000 655,629 SH   DFND   655,629 0 0
KITE RLT COM 49803T102 164,000 26,774 SH   DFND   26,774 0 0
KRAFT FO COM 50076Q106 30,179,000 503,411 SH   DFND   503,411 0 0
LCNB COR COM 50181P100 646,000 40,000 SH   DFND   40,000 0 0
LDR HLDG COM 50185U105 1,626,000 65,000 SH   DFND   65,000 0 0
LTC PPTY COM 502175102 5,372,000 137,598 SH   DFND   137,598 0 0
LAMAR AD CLA 512815101 6,754,000 127,432 SH   DFND   127,432 0 0
LAUDER E CLA 518439104 46,401,000 624,847 SH   DFND   624,847 0 0
LIBERTY DEB0. 530610AC8 672,000 500,000 SH   DFND   500,000 0 0
LIBERTY INTCO 53071M104 18,756,000 638,829 SH   DFND   638,829 0 0
LIBERTY LBTVE 53071M880 46,693,000 632,690 SH   DFND   632,690 0 0
LOUISIAN COM 546347105 4,155,000 276,658 SH   DFND   276,658 0 0
LULULEMO COM 550021109 65,000 100,000 SH Call DFND   100,000 0 0
LULULEMO COM 550021109 1,174,000 29,011 SH   DFND   29,011 0 0
MDU RES COM 552690109 5,119,000 145,841 SH   DFND   145,841 0 0
MGM RESO NOTE4 55303QAE0 14,017,000 9,500,000 PRN   DFND   9,500,000 0 0
MACYS IN COM 55616P104 32,774,000 564,870 SH   DFND   564,870 0 0
MAGNA IN COM 559222401 2,448,000 22,718 SH   DFND   22,718 0 0
MARKET V COM 57060U506 1,000 30,000 SH Put DFND   30,000 0 0
MASCO CO COM 574599106 3,738,000 168,395 SH   DFND   168,395 0 0
MASTERCA CLA 57636Q104 2,649,000 36,050 SH   DFND   36,050 0 0
MATSON I COM 57686G105 872,000 32,500 SH   DFND   32,500 0 0
MCGRAW H OM 80645109 5,324,000 5,000 SH   DFND   5,000 0 0
MENTOR G SDCV4 587200AK2 10,687,000 8,713,000 SH   DFND   8,713,000 0 0
MERRIMAC NOTE4 590328AA8 8,811,000 6,500,000 PRN   DFND   6,500,000 0 0
MICROSOF COM 594918104 111,762,000 2,680,153 SH   DFND   2,680,153 0 0
MICROCHI SDCV2 595017AB0 23,891,000 12,500,000 SH   DFND   12,500,000 0 0
MICRON T COM 595112103 66,790,000 2,027,004 SH   DFND   2,027,004 0 0
MICRON T NOTE2 595112AW3 120,704,000 35,000,000 PRN   DFND   35,000,000 0 0
MID-AMER COM 59522J103 1,405,000 19,227 SH   DFND   19,227 0 0
MIMEDX G COM 602496101 319,000 45,000 SH   DFND   45,000 0 0
MOHAWK I COM 608190104 254,000 1,837 SH   DFND   1,837 0 0
MONDELEZ CLA 609207105 35,841,000 952,974 SH   DFND   952,974 0 0
MONSANTO COM 61166W101 14,503,000 116,266 SH   DFND   116,266 0 0
MONSTER COM 611742107 490,000 75,000 SH   DFND   75,000 0 0
MOSAIC C COM 61945C103 29,757,000 601,767 SH   DFND   601,767 0 0
NCR CORP COM 62886E108 52,346,000 1,491,755 SH   DFND   1,491,755 0 0
NPS PHAR COM 62936P103 1,322,000 40,000 SH   DFND   40,000 0 0
NRG ENER COMNE 629377508 8,649,000 232,499 SH   DFND   232,499 0 0
NANOSPHE COM 63009F105 316,000 200,000 SH   DFND   200,000 0 0
NATIONAL CLA 633707104 1,236,000 61,970 SH   DFND   61,970 0 0
NATIONAL COM 637071101 48,658,000 590,872 SH   DFND   590,872 0 0
NATIONAL COM 637417106 1,645,000 44,232 SH   DFND   44,232 0 0
NAVISTAR COM 63934E108 168,000 100,000 SH Put DFND   100,000 0 0
NETSUITE NOTE0 64118QAB3 1,031,000 1,000,000 PRN   DFND   1,000,000 0 0
NEUROCRI COM 64125C109 965,000 65,000 SH   DFND   65,000 0 0
NEW MTN COM 647551100 220,000 14,806 SH   DFND   14,806 0 0
NEXTERA COM 65339F101 18,267,000 178,250 SH   DFND   178,250 0 0
NIKE INC CLB 654106103 15,580,000 200,898 SH   DFND   200,898 0 0
NISOURCE COM 65473P105 30,000 100,000 SH Call DFND   100,000 0 0
NORTHEAS COM 664397106 16,134,000 341,326 SH   DFND   341,326 0 0
NUANCE C NOTE2 67020YAF7 1,004,000 1,000,000 PRN   DFND   1,000,000 0 0
NUCOR CO COM 670346105 9,229,000 187,389 SH   DFND   187,389 0 0
OGE ENER COM 670837103 12,721,000 325,500 SH   DFND   325,500 0 0
NUVERRA COMNE 67091K203 2,556,000 127,120 SH   DFND   127,120 0 0
OCCIDENT COM 674599105 6,062,000 59,062 SH   DFND   59,062 0 0
OIL STS COM 678026105 1,369,000 21,354 SH   DFND   21,354 0 0
OLYMPIC COM 68162K106 1,985,000 80,214 SH   DFND   80,214 0 0
OMEGA HE COM 681936100 2,373,000 64,381 SH   DFND   64,381 0 0
OMNIVISI COM 682128103 2,632,000 119,759 SH   DFND   119,759 0 0
ON SEMIC COM 682189105 109,000 11,872 SH   DFND   11,872 0 0
OPENTABL COM 68372A104 4,434,000 42,800 SH   DFND   42,800 0 0
OWENS CO COM 690742101 6,078,000 157,139 SH   DFND   157,139 0 0
OWENS IL COMNE 690768403 7,941,000 229,253 SH   DFND   229,253 0 0
PHH CORP NOTE6 693320AQ6 11,704,000 6,000,000 PRN   DFND   6,000,000 0 0
PNC FINL COM 693475105 10,154,000 114,027 SH   DFND   114,027 0 0
PS BUSIN COM 69360J107 789,000 9,454 SH   DFND   9,454 0 0
PACIFIC COMPA 69423U305 726,000 47,500 SH   DFND   47,500 0 0
PACWEST COM 695263103 6,845,000 158,558 SH   DFND   158,558 0 0
PEABODY COM 704549104 8,256,000 504,975 SH   DFND   504,975 0 0
PETROLEO SPONS 71654V408 538,000 36,786 SH   DFND   36,786 0 0
PHILIP M COM 718172109 55,397,000 657,058 SH   DFND   657,058 0 0
PINNACLE COM 723456109 44,022,000 1,748,290 SH   DFND   1,748,290 0 0
PINNACLE COM 723484101 5,584,000 96,543 SH   DFND   96,543 0 0
PINNACLE COM 72348P104 10,122,000 307,645 SH   DFND   307,645 0 0
PLUG POW COMNE 72919P202 819,000 175,000 SH   DFND   175,000 0 0
PORTLAND COMNE 736508847 19,777,000 570,449 SH   DFND   570,449 0 0
POST HLD COM 737446104 8,141,000 159,909 SH   DFND   159,909 0 0
POST PPT COM 737464107 11,761,000 220,000 SH   DFND   220,000 0 0
POTASH C COM 73755L107 15,000 50,000 SH Put DFND   50,000 0 0
POWERSHA COM 73935A104 42,000 50,000 SH Put DFND   50,000 0 0
PRECISIO COM 740189105 3,013,000 11,937 SH   DFND   11,937 0 0
PRICELIN COMNE 741503403 2,406,000 2,000 SH   DFND   2,000 0 0
PROCTER COM 742718109 25,262,000 321,437 SH   DFND   321,437 0 0
PROLOGIS COM 74340W103 5,910,000 143,832 SH   DFND   143,832 0 0
PROSPECT COM 74348T102 117,000 11,036 SH   DFND   11,036 0 0
QIHOO 36 ADS 74734M109 9,927,000 107,850 SH   DFND   107,850 0 0
QIWI PLC SPONA 74735M108 1,731,000 42,917 SH   DFND   42,917 0 0
QTS RLTY COMCL 74736A103 8,450,000 295,161 SH   DFND   295,161 0 0
QUANTA S COM 74762E102 11,998,000 346,955 SH   DFND   346,955 0 0
QUANTUM NOTE4 747906AJ4 5,154,000 5,000,000 PRN   DFND   5,000,000 0 0
QUESTCOR COM 74835Y101 18,285,000 197,700 SH   DFND   197,700 0 0
QUIKSILV COM 74838C106 1,731,000 483,518 SH   DFND   483,518 0 0
RDA MICR SPONS 749394102 2,680,000 156,622 SH   DFND   156,622 0 0
RACKSPAC COM 750086100 5,757,000 171,037 SH   DFND   171,037 0 0
RALPH LA CLA 751212101 16,787,000 104,467 SH   DFND   104,467 0 0
REALTY I COM 756109104 2,043,000 46,003 SH   DFND   46,003 0 0
RED HAT COM 756577102 4,974,000 90,000 SH   DFND   90,000 0 0
REDWOOD COM 758075402 27,068,000 1,390,228 SH   DFND   1,390,228 0 0
REGIONS COM 7591EP100 14,017,000 1,319,856 SH   DFND   1,319,856 0 0
RELIANCE COM 759509102 15,021,000 203,787 SH   DFND   203,787 0 0
RENEWABL COMNE 75972A301 740,000 64,482 SH   DFND   64,482 0 0
RENEWABL MTNF2 75972AAA1 5,544,000 5,000,000 SH   DFND   5,000,000 0 0
RETAIL P CLA 76131V202 1,125,000 73,160 SH   DFND   73,160 0 0
REXFORD COM 76169C100 3,329,000 233,776 SH   DFND   233,776 0 0
REYNOLDS COM 761713106 5,159,000 85,477 SH   DFND   85,477 0 0
RIO TINT COM 767204100 122,000 137,500 SH Put DFND   137,500 0 0
RITE AID COM 767754104 1,792,000 250,000 SH   DFND   250,000 0 0
RIVERBED COM 768573107 2,142,000 103,837 SH   DFND   103,837 0 0
RYLAND G NOTE1 783764AQ6 21,666,000 15,500,000 PRN   DFND   15,500,000 0 0
SBA COMM COM 78388J106 6,724,000 65,733 SH   DFND   65,733 0 0
SPDR S&P COM 78462F103 175,000 556,700 SH Put DFND   556,700 0 0
SPDR S&P TRUNI 78462F103 2,936,000 15,000 SH   DFND   15,000 0 0
SPX CORP COM 784635104 4,361,000 40,298 SH   DFND   40,298 0 0
SPDR SER COM 78464A730 74,000 75,000 SH Put DFND   75,000 0 0
SPDR S&P UTSER 78467Y107 1,759,000 6,750 SH   DFND   6,750 0 0
SVB FINL COM 78486Q101 3,647,000 31,270 SH   DFND   31,270 0 0
SALESFOR COM 79466L302 2,938,000 50,590 SH   DFND   50,590 0 0
SALESFOR NOTE0 79466LAD6 1,153,000 1,000,000 PRN   DFND   1,000,000 0 0
SANCHEZ COM 79970Y105 6,494,000 172,748 SH   DFND   172,748 0 0
SANDISK COM 80004C101 4,275,000 40,937 SH   DFND   40,937 0 0
SANDISK NOTE1 80004CAD3 20,479,000 10,000,000 PRN   DFND   10,000,000 0 0
SANGAMO COM 800677106 1,527,000 100,000 SH   DFND   100,000 0 0
SANOFI RIGHT 80105N113 602,000 1,203,178 SH   DFND   1,203,178 0 0
SCHWAB C COM 808513105 81,236,000 3,016,566 SH   DFND   3,016,566 0 0
SCRIPPS CLACO 811065101 3,917,000 48,278 SH   DFND   48,278 0 0
SEACOR H NOTE2 811904AM3 5,772,000 5,000,000 PRN   DFND   5,000,000 0 0
SELECT S COM 81369Y506 18,000 25,000 SH Put DFND   25,000 0 0
SELECT S COM 81369Y886 7,000 310,000 SH Put DFND   310,000 0 0
SELECT M COM 81619Q105 246,000 15,787 SH   DFND   15,787 0 0
SEMPRA E COM 816851109 15,175,000 144,925 SH   DFND   144,925 0 0
SEQUENOM COM 817337405 8,000 50,000 SH Call DFND   50,000 0 0
SEQUENOM NOTE5 817337AB4 8,596,000 8,000,000 PRN   DFND   8,000,000 0 0
SERVICE COM 817565104 3,108,000 150,000 SH   DFND   150,000 0 0
SHUTTERF NOTE0 82568PAB2 1,009,000 1,000,000 PRN   DFND   1,000,000 0 0
SIGNATUR COM 82669G104 3,703,000 29,347 SH   DFND   29,347 0 0
SILGAN H COM 827048109 10,839,000 213,278 SH   DFND   213,278 0 0
SIRIUS X COM 82968B103 8,725,000 2,521,667 SH   DFND   2,521,667 0 0
SMUCKER COMNE 832696405 38,253,000 358,943 SH   DFND   358,943 0 0
SNYDERS- COM 833551104 5,553,000 209,867 SH   DFND   209,867 0 0
SOLAZYME NOTE5 83415TAC5 4,449,000 4,000,000 PRN   DFND   4,000,000 0 0
SONOCO P COM 835495102 9,881,000 224,921 SH   DFND   224,921 0 0
SPECTRAN MTNF2 84760CAA5 7,300,000 7,000,000 SH   DFND   7,000,000 0 0
SPIRIT R NOTE2 84860WAA0 9,023,000 9,000,000 PRN   DFND   9,000,000 0 0
SPRINT C COMSE 85207U105 2,764,000 324,075 SH   DFND   324,075 0 0
STANLEY COM 854502101 23,831,000 271,362 SH   DFND   271,362 0 0
STARWOOD COM 85571B105 6,150,000 258,727 SH   DFND   258,727 0 0
STARWOOD COM 85590A401 10,828,000 133,975 SH   DFND   133,975 0 0
STEEL DY COM 858119100 22,670,000 1,262,963 SH   DFND   1,262,963 0 0
STONE EN NOTE1 861642AN6 635,000 500,000 PRN   DFND   500,000 0 0
SUNSHINE COM 86782U106 392,000 70,000 SH   DFND   70,000 0 0
SUNSTONE COM 867892101 754,000 50,479 SH   DFND   50,479 0 0
SUNTRUST COM 867914103 19,120,000 477,279 SH   DFND   477,279 0 0
SWIFT TR CLA 87074U101 9,343,000 370,315 SH   DFND   370,315 0 0
SYNOVUS COMNE 87161C501 13,570,000 556,600 SH   DFND   556,600 0 0
SYNTA PH COM 87162T206 20,000 25,000 SH Call DFND   25,000 0 0
SYSCO CO COM 871829107 480,000 300,000 SH Call DFND   300,000 0 0
TCF FINL COM 872275102 1,160,000 70,890 SH   DFND   70,890 0 0
TJX COS COM 872540109 47,517,000 894,026 SH   DFND   894,026 0 0
T-MOBILE COM 872590104 7,721,000 229,660 SH   DFND   229,660 0 0
TAIWAN S SPONS 874039100 49,063,000 2,293,740 SH   DFND   2,293,740 0 0
TAKE-TWO NOTE1 874054AD1 6,110,000 5,000,000 PRN   DFND   5,000,000 0 0
TESLA MT NOTE1 88160RAA9 40,485,000 20,000,000 PRN   DFND   20,000,000 0 0
TEXAS CA COM 88224Q107 5,666,000 105,014 SH   DFND   105,014 0 0
THERAPEU COM 88338N107 994,000 225,000 SH   DFND   225,000 0 0
THOMPSON COM 884768102 42,000 333,900 SH Call DFND   333,900 0 0
TIBCO SO NOTE2 88632QAB9 938,000 925,000 PRN   DFND   925,000 0 0
TIM PART SPONS 88706P205 6,965,000 239,912 SH   DFND   239,912 0 0
TIME WAR COMNE 887317303 15,373,000 218,837 SH   DFND   218,837 0 0
TIME WAR COM 88732J207 655,000 100,000 SH Call DFND   100,000 0 0
TIMKEN C COM 887389104 1,778,000 26,204 SH   DFND   26,204 0 0
TRINITY COM 896522109 2,643,000 60,455 SH   DFND   60,455 0 0
TURKCELL SPONA 900111204 387,000 24,802 SH   DFND   24,802 0 0
TURTLE B COM 900450107 231,000 25,000 SH   DFND   25,000 0 0
TWENTY F CLA 90130A101 7,822,000 222,538 SH   DFND   222,538 0 0
TWO HBRS COM 90187B101 255,000 24,291 SH   DFND   24,291 0 0
TYSON FO COM 902494103 610,000 215,000 SH Put DFND   215,000 0 0
UDR INC COM 902653104 1,487,000 51,947 SH   DFND   51,947 0 0
UBIQUITI COM 90347A100 36,018,000 797,033 SH   DFND   797,033 0 0
UNION PA COM 907818108 24,000 100,000 SH Put DFND   100,000 0 0
UNIT COR COM 909218109 22,370,000 325,000 SH   DFND   325,000 0 0
UNITED P CLB 911312106 12,966,000 126,296 SH   DFND   126,296 0 0
VALE S A COM 91912E105 213,000 600,000 SH Call DFND   600,000 0 0
VALE S A ADR 91912E105 3,955,000 298,937 SH   DFND   298,937 0 0
VERIZON COM 92343V104 3,500,000 71,526 SH   DFND   71,526 0 0
VIACOM I CLB 92553P201 25,628,000 295,492 SH   DFND   295,492 0 0
VIMPELCO SPONS 92719A106 4,822,000 574,022 SH   DFND   574,022 0 0
VIPSHOP NOTE1 92763WAA1 591,000 500,000 PRN   DFND   500,000 0 0
VISTEON COMNE 92839U206 12,986,000 133,864 SH   DFND   133,864 0 0
VITESSE COMNE 928497304 1,265,000 366,541 SH   DFND   366,541 0 0
VOLCANO NOTE1 928645AB6 9,699,000 10,000,000 PRN   DFND   10,000,000 0 0
VONAGE H COM 92886T201 92,000 24,439 SH   DFND   24,439 0 0
WASTE CO COM 941053100 1,761,000 36,267 SH   DFND   36,267 0 0
WEBSTER COM 947890109 1,157,000 36,696 SH   DFND   36,696 0 0
WELLS FA COM 949746101 3,523,000 67,024 SH   DFND   67,024 0 0
WERNER E COM 950755108 4,918,000 185,501 SH   DFND   185,501 0 0
WESCO IN DBCV6 95082PAH8 62,928,000 20,500,000 SH   DFND   20,500,000 0 0
WESTAR E COM 95709T100 18,589,000 486,753 SH   DFND   486,753 0 0
WEYERHAE COM 962166104 5,050,000 1,000,000 SH Put DFND   1,000,000 0 0
WEYERHAE COM 962166104 43,017,000 1,300,000 SH   DFND   1,300,000 0 0
WEYERHAE PREFC 962166872 241,000 4,189 SH   DFND   4,189 0 0
WHITEWAV COM 966244105 17,000 266,900 SH Put DFND   266,900 0 0
WHITEWAV COMCL 966244105 28,491,000 880,156 SH   DFND   880,156 0 0
WYNDHAM COM 98310W108 1,671,000 22,064 SH   DFND   22,064 0 0
ZEP INC COM 98944B108 1,784,000 100,995 SH   DFND   100,995 0 0
ZIONS BA COM 989701107 4,840,000 164,251 SH   DFND   164,251 0 0
ASSURED COM G0585R106 4,490,000 183,281 SH   DFND   183,281 0 0
COSAN LT SHSA G25343107 349,000 25,750 SH   DFND   25,750 0 0
HERBALIF COMUS G4412G101 75,303,000 1,166,762 SH   DFND   1,166,762 0 0
INGERSOL SHS G47791101 2,544,000 40,699 SH   DFND   40,699 0 0
LAZARD L SHSA G54050102 5,775,000 112,000 SH   DFND   112,000 0 0
LIBERTY SHSCL G5480U104 4,727,000 106,904 SH   DFND   106,904 0 0
LOMBARD COM G55598109 288,000 40,000 SH   DFND   40,000 0 0
NOBLE CO SHSUS G65431101 79,499,000 2,368,874 SH   DFND   2,368,874 0 0
PROTHENA SHS G72800108 2,115,000 93,800 SH   DFND   93,800 0 0
QUOTIENT COM G73268107 67,000 61,200 SH Call DFND   61,200 0 0
QUOTIENT SHS G73268107 83,000 10,000 SH   DFND   10,000 0 0
VANTAGE ORDSH G93205113 528,000 275,000 SH   DFND   275,000 0 0
CONSTELL CLA N22035104 16,063,000 501,039 SH   DFND   501,039 0 0
NIELSEN COM N63218106 103,903,000 2,146,303 SH   DFND   2,146,303 0 0
VISTAPRI SHS N93540107 30,347,000 750,048 SH   DFND   750,048 0 0
ARDMORE COM Y0207T100 1,407,000 101,700 SH   DFND   101,700 0 0
DRYSHIPS COM Y2109Q101 50,000 150,000 SH Put DFND   150,000 0 0