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

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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
ANADARKO PETE CORPCOM032511107378,7523,733,750SH DFND01, 0203,733,7500
ANADARKO PETE CORPCOM032511107101,4401,000,000SHCallDFND01, 0201,000,0000
APACHE CORPCOM0374111051,92320,491SH DFND01, 02020,4910
BOYD GAMING CORPCOM10330410154,6615,380,000SH DFND01, 0205,380,0000
CAMERON INTERNATIONAL CORPCOM13342B1055,31080,000SH DFND01, 02080,0000
CAMERON INTERNATIONAL CORPCOM13342B105139,3982,100,000SHCallDFND01, 0202,100,0000
CISCO SYS INCCOM17275R10275,5103,000,000SHCallDFND01, 0203,000,0000
CNH INDL N VSHSN2094410915,2801,920,317SH DFND01, 0201,920,3170
COGNIZANT TECHNOLOGY SOLUTIOCL A19244610210,969245,000SHPutDFND01, 020245,0000
COMPANHIA DE SANEAMENTO BASISPONSORED ADR20441A1024,100505,500SHCallDFND01, 020505,5000
COMPANHIA DE SANEAMENTO BASISPONSORED ADR20441A102118,47914,609,000SH DFND01, 02014,609,0000
COMPANHIA PARANAENSE ENERG CSPON ADR PFD20441B4074,534331,703SH DFND01, 020331,7030
COMPUWARE CORPCOM205638109223,34121,050,000SH DFND01, 02021,050,0000
CONCUR TECHNOLOGIES INCCOM2067081093803,000SH DFND01, 0203,0000
CORMEDIX INCCOM21900C1001,469781,440SH DFND10781,4400
CORMEDIX INC*W EXP 03/24/20121900C1180390,720SH DFND10390,7200
CORONADO BIOSCIENCESCOM21976U1097,8363,731,279SH DFND01, 0203,731,2790
COVIDIEN PLCSHSG2554F11343,485502,653SH DFND01, 020502,6530
E M C CORP MASSCOM268648102980,21033,500,000SH DFND01, 02033,500,0000
E M C CORP MASSCOM26864810283,3912,850,000SHCallDFND01, 0202,850,0000
EMULEX CORPCOM NEW29247520924,8985,040,000SH DFND01, 0205,040,0000
ENERGY XXI BERMUDA LTDUSD UNRS SHSG100821407,037620,000SH DFND01, 020620,0000
FAMILY DLR STORES INCCOM307000109254,8023,298,830SH DFND01, 0203,298,8300
FCB FINL HLDGS INCCL A30255G1039,123401,709SH DFND01, 020401,7090
FMC TECHNOLOGIES INCCOM30249U10127,155500,000SHPutDFND01, 020500,0000
GAMESTOP CORP NEWCL A36467W109134,8893,274,000SHPutDFND01, 0203,274,0000
GULFPORT ENERGY CORPCOM NEW40263530416,287305,000SH DFND01, 020305,0000
HARTFORD FINL SVCS GROUP INC*W EXP 06/26/20141651512014,477500,000SH DFND01, 020500,0000
HESS CORPCOM42809H10723,580250,000SHCallDFND01, 020250,0000
HESS CORPCOM42809H1071,678,89617,800,000SH DFND01, 02017,800,0000
INTERPUBLIC GROUP COS INCCOM460690100360,58019,682,326SH DFND01, 02019,682,3260
IRON MTN INCCOM46284610652,2611,600,643SH DFND01, 0201,600,6430
ISHARES TRRUSSELL 2000 ETF46428765575,047686,300SHCallDFND01, 020686,3000
ISHARES TRRUSSELL 2000 ETF46428765587,480800,000SHPutDFND01, 020800,0000
JUNIPER NETWORKS INCCOM48203R104834,48437,674,200SH DFND01, 02037,674,2000
MARKET VECTORS ETF TROIL SVCS ETF57060U19149,6101,000,000SHPutDFND01, 0201,000,0000
MERITOR INCNOTE 7.875% 3/059001KAC47,1915,000,000PRN DFND01, 0205,000,0000
MICROCHIP TECHNOLOGY INCSDCV 2.125%12/1595017AB09,2805,000,000PRN DFND01, 0205,000,0000
MURPHY USA INCCOM6267551028,060151,900SH DFND01, 020151,9000
NATIONAL BK HLDGS CORPCL A63370710469,0323,610,436SH DFND01, 0203,610,4360
NATIONAL OILWELL VARCO INCCOM637071101102,7351,350,000SHPutDFND01, 0201,350,0000
NETAPP INCCOM64110D10442,9601,000,000SHPutDFND01, 0201,000,0000
NEWMONT MINING CORPCOM65163910643,7031,896,000SHPutDFND01, 0201,896,0000
NEWS CORP NEWCL B65249B20812,654784,480SH DFND01, 020784,4800
NOBLE ENERGY INCCOM65504410554,688800,000SHPutDFND01, 020800,0000
OI S.A.SPN ADR REP PFD6708512038,85812,654,807SH DFND01, 02012,654,8070
OI S.A.SPONSORED ADR67085110446,33762,616,940SH DFND01, 02062,616,9400
ONE GAS INCCOM68235P1082,31667,627SH DFND01, 02067,6270
ONEOK INC NEWCOM68268010317,719270,312SH DFND01, 020270,3120
OPUS BK IRVINE CALIFCOM684000102162,0955,301,279SH DFND01, 0205,301,2790
ORACLE CORPCOM68389X10524,805648,000SHPutDFND01, 020648,0000
POWERSHARES QQQ TRUSTUNIT SER 173935A10465,863666,700SHPutDFND01, 020666,7000
RIVERBED TECHNOLOGY INCCOM768573107277,55314,966,446SH DFND01, 02014,966,4460
SANDISK CORPNOTE 1.500% 8/180004CAD314,4157,500,000PRN DFND01, 0207,500,0000
SELCT SECTOR SPDR TRSBI CONS DISCR81369Y40755,353830,000SHPutDFND01, 020830,0000
SELECT SECTOR SPDR TRSBI INT-ENERGY81369Y506446,7574,930,000SHPutDFND01, 0204,930,0000
SELECT SECTOR SPDR TRSBI INT-FINL81369Y60553,8702,325,000SHPutDFND01, 0202,325,0000
SELECT SECTOR SPDR TRSBI INT-INDS81369Y70461,8131,163,000SHPutDFND01, 0201,163,0000
SELECT SECTOR SPDR TRTECHNOLOGY81369Y803105,8032,651,700SHCallDFND01, 0202,651,7000
SHIRE PLCSPONSORED ADR82481R10627,926107,800SH DFND01, 020107,8000
SM ENERGY COCOM78454L10038,267490,600SH DFND01, 020490,6000
SOLAZYME INCCOM83415T1017510,000SH DFND01, 02010,0000
SOLAZYME INCNOTE 6.000% 2/083415TAB7871750,000PRN DFND01, 020750,0000
SPDR SERIES TRUSTS&P REGL BKG78464A69861,5231,625,000SHCallDFND01, 0201,625,0000
SPDR SERIES TRUSTS&P OILGAS EXP78464A730141,7902,060,000SHPutDFND01, 0202,060,0000
SUNPOWER CORPDBCV 4.500% 3/1867652AE911,3707,500,000PRN DFND01, 0207,500,0000
TESLA MTRS INCCOM88160R10115,41063,500SHPutDFND01, 02063,5000
TIME WARNER CABLE INCCOM88732J207166,4901,160,293SH DFND01, 0201,160,2930
TWENTY FIRST CENTY FOX INCCL B90130A200436,59913,107,134SH DFND01, 02013,107,1340
VMWARE INCCL A COM928563402117,7691,255,000SH DFND01, 0201,255,0000
VMWARE INCCL A COM928563402134,1911,430,000SHCallDFND01, 0201,430,0000
WILLIAMS COS INC DELCOM96945710036,661662,350SH DFND01, 020662,3500
UNITED STATES STL CORP NEWNOTE 2.750% 4/0912909AH18,1885,000,000PRN DFND01, 0205,000,0000
ZIONS BANCORPORATION*W EXP 5/22/2029897011151,862365,000SH DFND01, 020365,0000