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
AEGEAN MARINE PETE NETWORK I NOTE 4.000%11/0 Y0020QAA9 4,884 5,000,000 PRN   DFND 1 5,000,000 0 0
AEGEAN MARINE PETROLEUM NETW SHS Y0017S102 38,816 4,232,907 SH   DFND 1 4,232,907 0 0
ALLOT COMMUNICATIONS LTD SHS M0854Q105 1,561 136,721 SH   DFND 1 136,721 0 0
ALTO PALERMO S A SPONSORED ADR 02151P107 374 16,479 SH   DFND 1 16,479 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 3,833 108,039 SH   DFND 1 108,039 0 0
APOLLO RESIDENTIAL MTG INC COM 03763V102 4,194 271,800 SH   DFND 1 271,800 0 0
APPLE INC COM 037833100 3,047 30,240 SH   DFND 1 30,240 0 0
APPLE INC COM 037833100 71 700 SH Call DFND 1 700 0 0
ARES MGMT L P COM UNIT RP IN 04014Y101 9 500 SH   DFND 1 500 0 0
ATTUNITY LTD SHS NEW M15332121 2,999 401,515 SH   DFND 1 401,515 0 0
AUDIOCODES LTD ORD M15342104 9,443 1,967,350 SH   DFND 1 1,967,350 0 0
AXCELIS TECHNOLOGIES INC COM 054540109 10,445 5,248,815 SH   DFND 1 5,248,815 0 0
BED BATH & BEYOND INC COM 075896100 9,906 150,482 SH   DFND 1 150,482 0 0
BED BATH & BEYOND INC COM 075896100 66 1,000 SH Call DFND 1 1,000 0 0
BIOLINERX LTD SPONSORED ADR 09071M106 2,458 1,596,367 SH   DFND 1 1,596,367 0 0
CERAGON NETWORKS LTD ORD M22013102 2,975 1,250,000 SH   DFND 1 1,250,000 0 0
CEVA INC COM 157210105 42,381 3,153,368 SH   DFND 1 3,153,368 0 0
COVENANT TRANSN GROUP INC CL A 22284P105 3,812 205,075 SH   DFND 1 205,075 0 0
CRESUD S A C I F Y A SPONSORED ADR 226406106 23,258 2,133,717 SH   DFND 1 2,133,717 0 0
CUTERA INC COM 232109108 11,944 1,182,542 SH   DFND 1 1,182,542 0 0
D R HORTON INC COM 23331A109 4,617 225,000 SH   DFND 1 225,000 0 0
DEPOMED INC NOTE 2.500% 9/0 249908AA2 5,291 5,000,000 PRN   DFND 1 5,000,000 0 0
DEPOMED INC COM 249908104 68,597 4,515,935 SH   DFND 1 4,515,935 0 0
DERMA SCIENCES INC COM PAR $.01 249827502 6,676 801,445 SH   DFND 1 801,445 0 0
DIANA CONTAINERSHIPS INC COM Y2069P101 1,037 460,799 SH   DFND 1 460,799 0 0
DSP GROUP INC COM 23332B106 12,358 1,393,199 SH   DFND 1 1,393,199 0 0
ERA GROUP INC COM 26885G109 18,520 851,475 SH   DFND 1 851,475 0 0
EVOGENE LTD SHS M4119S104 1,254 95,324 SH   DFND 1 95,324 0 0
FOAMIX PHARMACEUTICALS LTD SHS M46135105 382 70,000 SH   DFND 1 70,000 0 0
FORMFACTOR INC COM 346375108 447 62,304 SH   DFND 1 62,304 0 0
GAIN CAP HLDGS INC COM 36268W100 27,203 4,270,418 SH   DFND 1 4,270,418 0 0
GENWORTH FINL INC COM CL A 37247D106 328 25,000 SH   DFND 1 25,000 0 0
GIGOPTIX INC COM 37517Y103 834 689,219 SH   DFND 1 689,219 0 0
GOODRICH PETE CORP COM NEW 382410405 74 5,000 SH Call DFND 1 5,000 0 0
GUESS INC COM 401617105 17,558 799,166 SH   DFND 1 799,166 0 0
GUESS INC COM 401617105 363 16,500 SH Call DFND 1 16,500 0 0
GULF COAST ULTRA DEEP RTY TR ROYALTY TR UNT 40222T104 100 50,000 SH   DFND 1 50,000 0 0
HOWARD HUGHES CORP COM 44267D107 55,382 369,211 SH   DFND 1 369,211 0 0
I D SYSTEMS INC COM 449489103 3,029 409,830 SH   DFND 1 409,830 0 0
IKANOS COMMUNICATIONS COM 45173E105 961 2,746,132 SH   DFND 1 2,746,132 0 0
IMMERSION CORP COM 452521107 46,409 5,409,012 SH   DFND 1 5,409,012 0 0
INTEL CORP COM 458140100 139 4,000 SH Call DFND 1 4,000 0 0
INVENSENSE INC COM 46123D205 2,960 150,000 SH   DFND 1 150,000 0 0
INVENSENSE INC COM 46123D205 247 12,500 SH Call DFND 1 12,500 0 0
IRSA INVERSIONES Y REP S A GLOBL DEP RCPT 450047204 951 69,117 SH   DFND 1 69,117 0 0
KYTHERA BIOPHARMACEUTICALS I COM 501570105 1,729 52,787 SH   DFND 1 52,787 0 0
MARRONE BIO INNOVATIONS INC COM 57165B106 360 135,492 SH   DFND 1 135,492 0 0
MATTSON TECHNOLOGY INC COM 577223100 1,768 715,868 SH   DFND 1 715,868 0 0
MAZOR ROBOTICS LTD SPONSORED ADR 57886P103 6,179 524,517 SH   DFND 1 524,517 0 0
MELLANOX TECHNOLOGIES LTD SHS M51363113 4,535 101,073 SH   DFND 1 101,073 0 0
MOSYS INC COM 619718109 1,356 560,417 SH   DFND 1 560,417 0 0
NEOPHOTONICS CORP COM 64051T100 1,530 456,686 SH   DFND 1 456,686 0 0
NEWCASTLE INVT CORP NEW COM NEW 65105M504 5,052 398,423 SH   DFND 1 398,423 0 0
NORTHSTAR ASSET MGMT GROUP I COM 66705Y104 29,624 1,608,229 SH   DFND 1 1,608,229 0 0
NORTHSTAR RLTY FIN CORP COM NEW 66704R704 29,018 1,642,238 SH   DFND 1 1,642,238 0 0
NOVA MEASURING INSTRUMENTS L COM M7516K103 4,464 413,289 SH   DFND 1 413,289 0 0
NUTRI SYS INC NEW COM 67069D108 15,367 999,837 SH   DFND 1 999,837 0 0
NUTRI SYS INC NEW COM 67069D108 2 100 SH Call DFND 1 100 0 0
ORBOTECH LTD ORD M75253100 34,414 2,208,877 SH   DFND 1 2,208,877 0 0
ORMAT TECHNOLOGIES INC COM 686688102 269 10,250 SH   DFND 1 10,250 0 0
PC-TEL INC COM 69325Q105 726 95,611 SH   DFND 1 95,611 0 0
PENNYMAC FINL SVCS INC CL A 70932B101 22,063 1,506,028 SH   DFND 1 1,506,028 0 0
RADCOM LTD SHS NEW M81865111 1,935 328,048 SH   DFND 1 328,048 0 0
RADNET INC COM 750491102 20,809 3,143,296 SH   DFND 1 3,143,296 0 0
RADWARE LTD ORD M81873107 65,704 3,720,487 SH   DFND 1 3,720,487 0 0
RADWARE LTD ORD M81873107 177 10,000 SH Call DFND 1 10,000 0 0
RAIT FINANCIAL TRUST NOTE 4.000%10/0 749227AB0 25,448 27,000,000 PRN   DFND 1 27,000,000 0 0
RAIT FINANCIAL TRUST COM NEW 749227609 17,664 2,377,369 SH   DFND 1 2,377,369 0 0
RESOURCE AMERICA INC CL A 761195205 8,588 922,444 SH   DFND 1 922,444 0 0
RESOURCE CAP CORP COM 76120W302 11,126 2,284,605 SH   DFND 1 2,284,605 0 0
ROSETTA STONE INC COM 777780107 5,527 686,607 SH   DFND 1 686,607 0 0
ROYAL BK SCOTLAND GROUP PLC SP ADR L RP PF 780097788 195 8,437 SH   DFND 1 8,437 0 0
SAPIENS INTL CORP N V SHS NEW N7716A151 3,330 450,000 SH   DFND 1 450,000 0 0
SCORPIO TANKERS INC SHS Y7542C106 13,002 1,564,582 SH   DFND 1 1,564,582 0 0
SENOMYX INC COM 81724Q107 52,091 6,352,605 SH   DFND 1 6,352,605 0 0
SILICON IMAGE INC COM 82705T102 874 173,419 SH   DFND 1 173,419 0 0
SUNEDISON INC COM 86732Y109 12,506 662,400 SH   DFND 1 662,400 0 0
SYNERON MEDICAL LTD ORD SHS M87245102 36,915 3,684,151 SH   DFND 1 3,684,151 0 0
TAKE-TWO INTERACTIVE SOFTWAR COM 874054109 43,076 1,867,199 SH   DFND 1 1,867,199 0 0
TAKE-TWO INTERACTIVE SOFTWAR COM 874054109 58 2,500 SH Call DFND 1 2,500 0 0
TALMER BANCORP INC COM 87482X101 27,438 1,983,979 SH   DFND 1 1,983,979 0 0
TEEKAY TANKERS LTD CL A Y8565N102 1,408 377,405 SH   DFND 1 377,405 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 378 7,028 SH   DFND 1 7,028 0 0
TOP IMAGE SYSTEMS LTD ORD M87896102 2,885 708,806 SH   DFND 1 708,806 0 0
TOWER SEMICONDUCTOR LTD SHS NEW M87915274 26,859 2,641,025 SH   DFND 1 2,641,025 0 0
TRIPADVISOR INC COM 896945201 1,455 15,920 SH   DFND 1 15,920 0 0
VARONIS SYS INC COM 922280102 612 29,013 SH   DFND 1 29,013 0 0
VERA BRADLEY INC COM 92335C106 18,163 878,291 SH   DFND 1 878,291 0 0
VICOR CORP COM 925815102 7,614 810,002 SH   DFND 1 810,002 0 0
VITESSE SEMICONDUCTOR CORP COM NEW 928497304 20,029 5,563,540 SH   DFND 1 5,563,540 0 0
YRC WORLDWIDE INC COM PAR $.01 984249607 31,222 1,536,512 SH   DFND 1 1,536,512 0 0
YRC WORLDWIDE INC COM PAR $.01 984249607 305 15,000 SH Call DFND 1 15,000 0 0