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
AMERICAN CAPITAL AGENCY CORP COM 02503X105 5,511 300,000 SH   DFND 01, 02 0 300,000 0
AMERICAN CAPITAL AGENCY CORP COM 02503X105 54,732 2,979,400 SH Call DFND 01, 02 0 2,979,400 0
ANADARKO PETE CORP COM 032511107 210,599 2,697,912 SH   DFND 01, 02 0 2,697,912 0
CARNIVAL CORP PAIRED CTF 143658300 10,599 214,600 SH   DFND 01, 02 0 214,600 0
CDK GLOBAL INC COM 12508E101 355,956 6,594,215 SH   DFND 01, 02 0 6,594,215 0
CITRIX SYS INC COM 177376100 103,486 1,475,000 SH   DFND 01, 02 0 1,475,000 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 15,944 261,000 SH Put DFND 01, 02 0 261,000 0
COMCAST CORP NEW CL A 20030N101 116,710 1,940,642 SH   DFND 01, 02 0 1,940,642 0
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 75,934 14,659,000 SH   DFND 01, 02 0 14,659,000 0
CORMEDIX INC COM 21900C100 5,821 1,500,200 SH   DFND 01, 02 0 1,500,200 0
COVISINT CORP COM 22357R103 9,654 2,952,357 SH   DFND 01, 02 0 2,952,357 0
DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 2,803 90,184 SH   DFND 01, 02 0 90,184 0
DUNKIN BRANDS GROUP INC COM 265504100 27,385 497,900 SH Put DFND 01, 02 0 497,900 0
ELECTRONIC ARTS INC NOTE 0.750% 7/1 285512AA7 10,447 5,000,000 PRN   DFND 01, 02 0 5,000,000 0
E M C CORP MASS COM 268648102 886,704 33,600,000 SH   DFND 01, 02 0 33,600,000 0
FAMILY DLR STORES INC COM 307000109 524,143 6,650,714 SH   DFND 01, 02 0 6,650,714 0
FCB FINL HLDGS INC CL A 30255G103 75,281 2,367,332 SH   DFND 01, 02 0 2,367,332 0
FORTRESS BIOTECH INC COM 34960Q109 12,537 3,731,279 SH   DFND 01, 02 0 3,731,279 0
GULFPORT ENERGY CORP COM NEW 402635304 12,276 305,000 SH   DFND 01, 02 0 305,000 0
HARTFORD FINL SVCS GROUP INC *W EXP 06/26/201 416515120 16,900 500,000 SH   DFND 01, 02 0 500,000 0
HESS CORP COM 42809H107 1,190,464 17,800,000 SH   DFND 01, 02 0 17,800,000 0
INFORMATICA CORP COM 45666Q102 288,328 5,948,581 SH   DFND 01, 02 0 5,948,581 0
INTERPUBLIC GROUP COS INC COM 460690100 385,695 20,015,326 SH   DFND 01, 02 0 20,015,326 0
ISHARES TR IBOXX INV CP ETF 464287242 11,919 103,000 SH   DFND 01, 02 0 103,000 0
ISHARES TR RUSSELL 2000 ETF 464287655 112,356 900,000 SH Put DFND 01, 02 0 900,000 0
JUNIPER NETWORKS INC COM 48203R104 889,498 34,251,000 SH   DFND 01, 02 0 34,251,000 0
JUNIPER NETWORKS INC COM 48203R104 110,373 4,250,000 SH Call DFND 01, 02 0 4,250,000 0
KINDER MORGAN INC DEL *W EXP 05/25/201 49456B119 473 175,000 SH   DFND 01, 02 0 175,000 0
MARKET VECTORS ETF TR OIL SVCS ETF 57060U191 210,273 6,025,000 SH Put DFND 01, 02 0 6,025,000 0
MARKET VECTORS ETF TR SEMICONDUCTOR 57060U233 54,570 1,000,000 SH Put DFND 01, 02 0 1,000,000 0
MICROCHIP TECHNOLOGY INC SDCV 2.125%12/1 595017AB0 9,530 5,000,000 PRN   DFND 01, 02 0 5,000,000 0
MITEL NETWORKS CORP COM 60671Q104 29,038 3,288,545 SH   DFND 01, 02 0 3,288,545 0
NATIONAL BK HLDGS CORP CL A 633707104 69,998 3,360,436 SH   DFND 01, 02 0 3,360,436 0
NEWMONT MINING CORP COM 651639106 4,672 200,000 SH Put DFND 01, 02 0 200,000 0
NOBLE ENERGY INC COM 655044105 6,584 154,261 SH   DFND 01, 02 0 154,261 0
NOVELLUS SYS INC NOTE 2.625% 5/1 670008AD3 4,764 2,000,000 PRN   DFND 01, 02 0 2,000,000 0
OASIS PETE INC NEW COM 674215108 8,559 540,000 SH   DFND 01, 02 0 540,000 0
OFFICE DEPOT INC COM 676220106 7,743 894,054 SH   DFND 01, 02 0 894,054 0
OI S.A. SPN ADR NEW 670851302 18,712 9,498,224 SH   DFND 01, 02 0 9,498,224 0
OI S.A. SPN ADR PFD NEW 670851401 461 241,171 SH   DFND 01, 02 0 241,171 0
OPUS BK IRVINE CALIF COM 684000102 191,800 5,301,279 SH   DFND 01, 02 0 5,301,279 0
ORACLE CORP COM 68389X105 24,583 610,000 SH Put DFND 01, 02 0 610,000 0
RADIAN GROUP INC NOTE 2.250% 3/0 750236AN1 5,325 3,000,000 PRN   DFND 01, 02 0 3,000,000 0
RYANAIR HLDGS PLC SPONSORED ADR 783513104 61,402 860,570 SH   DFND 01, 02 0 860,570 0
SANDISK CORP NOTE 1.500% 8/1 80004CAD3 6,456 5,000,000 PRN   DFND 01, 02 0 5,000,000 0
SANOFI RIGHT 12/31/2020 80105N113 13,437 19,195,000 SH   DFND 01, 02 0 19,195,000 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 112,740 1,500,000 SH Put DFND 01, 02 0 1,500,000 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 6,907 283,300 SH Put DFND 01, 02 0 283,300 0
SM ENERGY CO COM 78454L100 22,626 490,600 SH   DFND 01, 02 0 490,600 0
SOLAZYME INC NOTE 6.000% 2/0 83415TAB7 632 1,000,000 PRN   DFND 01, 02 0 1,000,000 0
SUNEDISON INC NOTE 2.750% 1/0 86732YAD1 10,611 5,000,000 PRN   DFND 01, 02 0 5,000,000 0
TIM PARTICIPACOES S A SPONSORED ADR 88706P205 189,179 11,563,510 SH   DFND 01, 02 0 11,563,510 0
TIME WARNER CABLE INC COM 88732J207 41,069 230,505 SH   DFND 01, 02 0 230,505 0
TWENTY FIRST CENTY FOX INC CL B 90130A200 227,396 7,057,617 SH   DFND 01, 02 0 7,057,617 0
VANGUARD INDEX FDS REIT ETF 922908553 179,256 2,400,000 SH Put DFND 01, 02 0 2,400,000 0
VANGUARD SCOTTSDALE FDS LG-TERM COR BD 92206C813 40,676 476,800 SH   DFND 01, 02 0 476,800 0
VERISIGN INC SDCV 3.250% 8/1 92343E102 13,825 7,500,000 PRN   DFND 01, 02 0 7,500,000 0
WHITING PETE CORP NEW COM 966387102 30,442 906,000 SH   DFND 01, 02 0 906,000 0
WILLIAMS COS INC DEL COM 969457100 3,903 68,000 SH   DFND 01, 02 0 68,000 0
ZIONS BANCORPORATION *W EXP 5/22/202 989701115 1,971 365,000 SH   DFND 01, 02 0 365,000 0