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
ALCOA INC COM 013817101 743,408 77,600,000 SH   DFND 01, 02 0 77,600,000 0
ALCOA INC COM 013817101 91,968 9,600,000 SH Call DFND 01,02 0 9,600,000 0
AMERICAN CAP LTD COM 02503Y103 190,119 12,475,000 SH   DFND 01, 02 0 12,475,000 0
ALLERGAN PLC SHS G0177J108 669,285 2,497,051 SH   DFND 01, 02 0 2,497,051 0
ALLERGAN PLC SHS G0177J108 206,383 770,000 SH Call DFND 01, 02 0 770,000 0
WELLPOINT INC NOTE 2.750%10/1 94973VBG1 9,542 5,000,000 PRN   DFND 01, 02 0 5,000,000 0
PEABODY ENERGY CORP SDCV 4.750%12/1 704549AG9 31 4,076,000 PRN   DFND 01, 02 0 4,076,000 0
BAXALTA INC COM 07177M103 101,000 2,500,000 SH   DFND 01, 02 0 2,500,000 0
CABELA'S INC (US) COM 126804301 294,404 6,046,496 SH   DFND 01, 02 0 6,046,496 0
CARNIVAL CORP PAIRED CTF 143658300 5,463 103,520 SH   DFND 01, 02 0 103,520 0
CDK GLOBAL INC COM 12508E101 377,521 8,110,000 SH   DFND 01, 02 0 8,110,000 0
CENTERPOINT ENERGY INC COM 15189T107 283,887 13,570,118 SH   DFND 01, 02 0 13,570,118 0
CENTERPOINT ENERGY INC COM 15189T107 22,384 1,070,000 SH Call DFND 01, 02 0 1,070,000 0
COVISINT CORP COM 22357R103 5,905 2,952,357 SH   DFND 01, 02 0 2,952,357 0
CORMEDIX INC COM 21900C100 3,976 1,500,200 SH   DFND 01, 02 0 1,500,200 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 20,898 333,300 SH Put DFND 01, 02 0 333,300 0
CITRIX SYS INC COM 177376100 527,000 6,706,544 SH   DFND 01, 02 0 6,706,544 0
ELECTRONIC ARTS INC NOTE 0.750% 7/1 285512AA7 10,372 5,000,000 PRN   DFND 01, 02 0 5,000,000 0
ENERGEN CORP COM 29265N108 6,037 165,000 SH   DFND 01, 02 0 165,000 0
E M C CORP MASS COM 268648102 1,119,300 42,000,000 SH   DFND 01, 02 0 42,000,000 0
FORTRESS BIOTECH INC COM 34960Q109 4,452 1,436,084 SH   DFND 01, 02 0 1,436,084 0
FCB FINL HLDGS INC CL A 30255G103 44,341 1,333,165 SH   DFND 01, 02 0 1,333,165 0
SANOFI RIGHT 12/31/2020 80105N113 2,332 20,454,561 SH   DFND 01, 02 0 20,454,561 0
GULFPORT ENERGY CORP COM NEW 402635304 1,417 50,000 SH   DFND 01, 02 0 50,000 0
HESS CORP COM 42809H107 989,820 18,800,000 SH   DFND 01, 02 0 18,800,000 0
HARTFORD FINL SVCS GROUP INC *W EXP 06/26/201 416515120 19,500 500,000 SH   DFND 01, 02 0 500,000 0
HERBALIFE LTD COM USD SHS G4412G101 2,820 45,802 SH   DFND 01,02 0 45,802 0
ISHARES TR NA TEC-SFTWR ETF 464287515 65,436 650,000 SH Put DFND 01, 02 0 650,000 0
INNOCOLL HLDGS PLC SHS G4783X105 1,462 170,391 SH   DFND 01, 02 0 170,391 0
INTERPUBLIC GROUP COS INC COM 460690100 359,659 15,671,426 SH   DFND 01, 02 0 15,671,426 0
JOHNSON & JOHNSON COM 478160104 108,200 1,000,000 SH Call DFND 01, 02 0 1,000,000 0
KINDER MORGAN INC DEL *W EXP 05/25/201 49456B119 3 75,000 SH   DFND 01, 02 0 75,000 0
SPDR SERIES TRUST S&P REGL BKG 78464A698 84,690 2,250,000 SH Put DFND 01, 02 0 2,250,000 0
LIVEPERSON INC COM 538146101 5,691 972,867 SH   DFND 01, 02 0 972,867 0
MICROCHIP TECHNOLOGY INC SDCV 2.125%12/1 595017AB0 9,943 5,000,000 PRN   DFND 01, 02 0 5,000,000 0
MITEL NETWORKS CORP COM 60671Q104 96,268 11,768,719 SH   DFND 01, 02 0 11,768,719 0
NAVISTAR INTL CORP NEW NOTE 4.500%10/1 63934EAQ1 1,774 2,862,000 PRN   DFND 01, 02 0 2,862,000 0
NAVISTAR INTL CORP NEW NOTE 4.750% 4/1 63934EAS7 44,378 75,859,000 PRN   DFND 01, 02 0 75,859,000 0
NATIONAL BK HLDGS CORP CL A 633707104 57,150 2,802,835 SH   DFND 01, 02 0 2,802,835 0
NOBLE CORP PLC SHS USD G65431101 4,730 457,000 SH   DFND 01, 02 0 457,000 0
NORTEL NETWORKS CORP NEW NOTE 2.125% 4/1 656568AE2 94,409 111,727,000 PRN   DFND 01, 02 0 111,727,000 0
NVIDIA CORP NOTE 1.000%12/0 67066GAC8 8,930 5,000,000 PRN   DFND 01, 02 0 5,000,000 0
OFFICE DEPOT INC COM 676220106 17,902 2,521,426 SH   DFND 01, 02 0 2,521,426 0
OI S A SPONSORED ADR NE 670851500 2,708 1,907,349 SH   DFND 01,02 0 1,907,349 0
OPUS BK IRVINE CALIF COM 684000102 171,743 5,051,279 SH   DFND 01, 02 0 5,051,279 0
PLATFORM SPECIALTY PRODS COR COM 72766Q105 12,440 1,446,500 SH   DFND 01,02 0 1,446,500 0
PFIZER INC COM 717081103 116,351 3,925,482 SH   DFND 01,02 0 3,925,482 0
POLYCOM INC COM 73172K104 98,687 8,850,892 SH   DFND 01, 02 0 8,850,892 0
PERRIGO CO PLC SHS G97822103 256 2,000 SH   DFND 01, 02 0 2,000 0
QLIK TECHNOLOGIES INC COM 74733T105 134,042 4,634,933 SH   DFND 01, 02 0 4,634,933 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 204,204 1,870,000 SH Call DFND 01, 02 0 1,870,000 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 382,200 3,500,000 SH Put DFND 01, 02 0 3,500,000 0
B RILEY FINL INC COM 05580M108 24,218 2,306,450 SH   DFND 01, 02 0 2,306,450 0
ROADRUNNER TRNSN SVCS HLDG I COM 76973Q105 23,363 1,875,000 SH   DFND 01, 02 0 1,875,000 0
RYANAIR HLDGS PLC SPONSORED ADR NE 783513203 94,919 1,106,030 SH   DFND 01, 02 0 1,106,030 0
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 104,907 15,894,959 SH   DFND 01, 02 0 15,894,959 0
SYMANTEC CORP COM 871503108 211,871 11,527,275 SH   DFND 01, 02 0 11,527,275 0
SOLAZYME INC NOTE 6.000% 2/0 83415TAB7 548 1,000,000 PRN   DFND 01, 02 0 1,000,000 0
TIM PARTICIPACOES S A SPONSORED ADR 88706P205 143,171 12,944,930 SH   DFND 01, 02 0 12,944,930 0
TIME WARNER CABLE INC COM 88732J207 12,250 59,869 SH   DFND 01, 02 0 59,869 0
VEREIT INC COM 92339V100 821 92,529 SH   DFND 01, 02 0 92,529 0
VMWARE INC CL A COM 928563402 65,388 1,250,000 SH Put DFND 01, 02 0 1,250,000 0
VANGUARD INDEX FDS REIT ETF 922908553 435,760 5,200,000 SH Put DFND 01, 02 0 5,200,000 0
VANGUARD INDEX FDS REIT ETF 922908553 62,850 750,000 SH Call DFND 01, 02 0 750,000 0
VERISIGN INC SDCV 3.250% 8/1 92343EAD4 19,413 7,500,000 PRN   DFND 01, 02 0 7,500,000 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 77,363 1,250,000 SH Put DFND 01, 02 0 1,250,000 0
SPDR SERIES TRUST S&P METALS MNG 78464A755 132,990 6,500,000 SH Put DFND 01, 02 0 6,500,000 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 53,113 1,750,000 SH Put DFND 01, 02 0 1,750,000 0
SPDR SERIES TRUST S&P RETAIL ETF 78464A714 138,540 3,000,000 SH Put DFND 01, 02 0 3,000,000 0
SPDR SERIES TRUST S&P RETAIL ETF 78464A714 86,588 1,875,000 SH Call DFND 01, 02 0 1,875,000 0
ZIONS BANCORPORATION *W EXP 5/22/202 989701115 865 365,000 SH   DFND 01, 02 0 365,000 0