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
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COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
AETNA INC NEWCOM00817Y108548,4197,995,606SH DFND17,995,60600
AGNICO EAGLE MINES LTDCOM00847410826,6851,011,880SH DFND11,011,88000
ALLIED NEVADA GOLD CORPCOM0193441005,3331,502,184SH DFND11,502,18400
AMC NETWORKS INCCL A00164V103102,1651,500,000SH DFND11,500,00000
AMERICAN AIRLS GROUP INCCOM02376R102214,6258,500,000SH DFND18,500,00000
AMERICAN CAP LTDCOM02503Y10359,1933,784,700SH DFND13,784,70000
ANGLOGOLD ASHANTI LTDSPONSORED ADR035128206368,16231,413,135SH DFND131,413,13500
BANK OF AMERICA CORPORATION* W Exp 01/16/2019060505146175,19627,078,152SH DFND127,078,15200
BANK OF AMERICA CORPORATION* W Exp 10/28/20180605051539,09611,812,853SH DFND111,812,85300
BRIXMOR PPTY GROUP INCCOM11120U10560,9903,000,000SH DFND13,000,00000
CAESARS ACQUISITION COCL A12768T103148,61312,322,840SH DFND112,322,84000
CAESARS ENTMT CORPCOM127686103264,23512,267,190SH DFND112,267,19000
CAPITAL ONE FINL CORP*W EXP 11/14/201814040H139128,7333,632,434SH DFND13,632,43400
CABLEVISION SYS CORPCL A NY CABLVS12686C109376,53021,000,000SH DFND121,000,00000
COBALT INTL ENERGY INCCOM19075F106215,05613,073,300SH DFND113,073,30000
COBALT INTL ENERGY INCNOTE 2.625%12/001/201919075FAA444,21950,000,000SH DFND150,000,00000
COLONY FINL INCNOTE 5.000% 4/15/202319624RAA425,60925,000,000SH DFND125,000,00000
COMPUWARE CORPCOM205638109159,74314,250,000SH DFND114,250,00000
CNO FINL GROUP INCCOM12621E103220,41012,459,577SH DFND112,459,57700
COOPER TIRE & RUBR COCOM21683110748,0802,000,000SH DFND12,000,00000
DELPHI AUTOMOTIVE PLCSHSG2782310696,2081,600,000SH DFND11,600,00000
DEX MEDIA INC NEWCOM25213A10715,1272,231,132SH DFND12,231,13200
DIGITAL RLTY TR INCCOM253868103114,0222,321,300SH DFND12,321,30000
ENZYMOTEC LTDSHSM4059L10146,8091,733,030SH DFND11,733,03000
EQUINIX INCCOM NEW29444U502370,5512,088,200SH DFND12,088,20000
EXTENDED STAY AMER INCUNIT 99/99/9999B30224P2001,462,98655,711,591SH DFND155,711,59100
FAMILY DLR STORES INCCOM307000109634,0819,759,600SH DFND19,759,60000
FELCOR LODGING TR INCCOM31430F10140,8005,000,000SH DFND15,000,00000
FIDELITY NATIONAL FINANCIALCL A31620R10581,1252,500,000SH DFND12,500,00000
FREEPORT-MCMORAN COPPER & GOCOM35671D857585,02215,501,382SH DFND115,501,38200
GENERAL MTRS COCOM37045V10076,2511,865,706SH DFND11,865,70600
GENERAL MTRS COW EXP 07/10/201637045V11852,8161,696,094SH DFND11,696,09400
GENERAL MTRS COW EXP 07/10/201937045V12639,2311,696,094SH DFND11,696,09400
GENTIUM S P ASPONSORED ADR37250B10455,130965,500SH DFND1965,50000
GENWORTH FINL INCCOM CL A37247D106139,7709,000,000SH DFND19,000,00000
GOLD FIELDS LTD NEWSPONSORED ADR38059T10620,8956,529,748SH DFND16,529,74800
GRIFOLS S ASPONSORED ADR398438408716,02119,823,407SH DFND119,823,40700
HARTFORD FINL SVCS GROUP INCCOM416515104216,2455,968,670SH DFND15,968,67000
HARTFORD FINL SVCS GROUP INCW EXP 6/26/201941651512090,6543,292,900SH DFND13,292,90000
HCA HOLDINGS INCCOM40412C101162,4013,403,919SH DFND13,403,91900
HESS CORPCOM42809H107385,8344,648,600SH DFND14,648,60000
HOWARD HUGHES CORPCOM44267D10737,832315,000SH DFND1315,00000
HOUGHTON MIFFLIN HARCOURT COCOM44157R109524,27730,912,558SH DFND130,912,55800
INTERDIGITAL INCCOM45867G10148,0691,630,000SH DFND11,630,00000
INTEROIL CORPCOM4609511065,149100,000SH DFND1100,00000
INTERNATIONAL TOWER HILL MINCOM46050R1023,4788,908,000SH DFND18,908,00000
IAMGOLD CORPCOM45091310812,8673,863,912SH DFND13,863,91200
KAMADA LTDSHSM6240T10911,153750,000SH DFND1750,00000
KODIAK OIL & GAS CORPCOM50015Q100291,46026,000,001SH DFND126,000,00100
LIFE TECHNOLOGIES CORPCOM53217V1096,79689,657SH DFND189,65700
MALLINCKRODT PUB LTD COSHSG5785G107294,7465,640,000SH DFND15,640,00000
MGIC INVT CORP WISCOM552848103139,78316,562,000SH DFND116,562,00000
MGIC INVT CORP WISNOTE 2.000% 4/0552848AE3207,000150,000,000SH DFND1150,000,00000
MGM RESORTS INTERNATIONALCOM552953101677,15328,790,500SH DFND128,790,50000
M & T BK CORPCOM55261F104100,758865,466SH DFND1865,46600
MYLAN INCCOM628530107526,84612,139,300SH DFND112,139,30000
NOVAGOLD RES INCCOM NEW66987E20691,03135,839,014SH DFND135,839,01400
NOVACOPPER INCCOM66988K1028,9875,912,709SH DFND15,912,70900
OASIS PETE INC NEWCOM674215108347,9967,408,900SH DFND17,408,90000
PIONEER NAT RES COCOM723787107254,6791,383,600SH DFND11,383,60000
POPULAR INCCOM733174700254,1308,845,448SH DFND18,845,44800
POST HLDGS INCCOM73744610460,8091,234,200SH DFND11,234,20000
QUESTCOR PHARMACEUTICALS INCCOM74835Y10139,825731,410SH DFND1731,41000
RADIAN GROUP INCCOM750236101160,88211,393,900SH DFND111,393,90000
RANDGOLD RES LTDADR75234430942,127670,700SH DFND1670,70000
RADIAN GROUP INCNOTE 2.250% 3/01/2019750236AN1123,89884,500,000SH DFND184,500,00000
REDWOOD TR INCNOTE 4.625% 4/01/2018758075AB125,95325,000,000SH DFND125,000,00000
REALOGY HLDGS CORPCOM75605Y106593,64012,000,000SH DFND112,000,00000
RESPONSYS INCCOM76124810343,9221,602,400SH DFND11,602,40000
ROCK-TENN COCL A77273920784,008800,000SH DFND1800,00000
RYMAN HOSPITALITY PPTYS INCCOM ADDED78377T10746,8101,120,400SH DFND11,120,40000
SANTARUS INCCOM802817304159,8005,000,000SH DFND15,000,00000
SHIRE PLCSPONSORED ADR82481R106357,4432,529,854SH DFND12,529,85400
SIBANYE GOLD LTDSPONSORED ADR8257242067,8521,632,435SH DFND11,632,43500
SPDR GOLD TRUSTGOLD SHS78463V1071,188,98310,234,852SH DFND110,234,85200
SPRINT CORP COMCOM SER 185207U105689,60664,149,405SH DFND164,149,40500
STARWOOD PPTY TR INC NOTE 4.550% 3/0 ADDEDNOTE 4.550% 3/01/201885571BAA327,60925,000,000SH DFND125,000,00000
STRATEGIC HOTELS & RESORTS ICOM86272T10615,4981,640,000SH DFND11,640,00000
SUNSTONE HOTEL INVS INCCOM NEW8678921013,303246,458SH DFND1246,45800
THERMO FISHER SCIENTIFIC INCCOM883556102523,3454,700,000SH DFND14,700,00000
TIME WARNER CABLE INCCOM88732J207810,4535,981,200SH DFND15,981,20000
T-MOBILE US INCCOM872590104653,67419,431,449SH DFND119,431,44900
VIROPHARMA INCCOM92824110864,8051,300,000SH DFND11,300,00000
VODAFONE GROUP PLC NEWSPONS ADR NEW92857W2091,383,55135,195,900SH DFND135,195,90000
WHITING PETE CORP NEWCOM966387102640,17510,347,100SH DFND110,347,10000
WHITEWAVE FOODS COCOM CL A96624410536,7041,600,000SH DFND11,600,00000
LYON WILLIAM HOMESCL A NEW55207470067,5173,322,666SH DFND13,322,66600