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
ABBOTT LABS COM 002824100 23,880 620,100 SH   SOLE 2, 3 620,100 0 0
ABBOTT LABS COM 002824100 8,649 224,600 SH   DFND 1 0 224,600 0
AFLAC INC COM 001055102 6,525 103,500 SH   SOLE 2 103,500 0 0
AFLAC INC COM 001055102 2,276 36,100 SH   DFND 1 0 36,100 0
ALLIANT TECHSYSTEMS INC COM 018804104 2,516 17,700 SH   SOLE 2, 3 17,700 0 0
ALLIANT TECHSYSTEMS INC COM 018804104 1,095 7,700 SH   DFND 1 0 7,700 0
ALLIANT TECHSYSTEMS INC NOTE 3.000% 8/1 018804AK0 6,333 3,400,000 PRN   SOLE 3 3,400,000 0 0
AMAG PHARMACEUTICALS INC COM 00163U106 766 39,600 SH   SOLE 3 39,600 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 8,942 178,800 SH   SOLE 2, 3 178,800 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 3,131 62,600 SH   DFND 1 0 62,600 0
AMERISAFE INC COM 03071H100 1,647 37,500 SH   SOLE   37,500 0 0
ARCH CAP GROUP LTD ORD G0450A105 11,495 199,773 SH   SOLE   199,773 0 0
ASPEN INSURANCE HOLDINGS LTD SHS G05384105 22,935 577,703 SH   SOLE 2, 3 577,703 0 0
ASPEN INSURANCE HOLDINGS LTD SHS G05384105 5,113 128,800 SH   DFND 1 0 128,800 0
AURICO GOLD INC COM 05155C105 1,680 386,300 SH   SOLE 2, 3 386,300 0 0
AURICO GOLD INC COM 05155C105 590 135,691 SH   DFND 1 0 135,691 0
AUTOMATIC DATA PROCESSING IN COM 053015103 27,960 361,900 SH   SOLE 2, 3 361,900 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 8,939 115,700 SH   DFND 1 0 115,700 0
AUXILIUM PHARMACEUTICALS INC NOTE 1.500% 7/1 05334DAA5 991 750,000 PRN   SOLE 2 750,000 0 0
AUXILIUM PHARMACEUTICALS INC NOTE 1.500% 7/1 05334DAA5 1,420 1,075,000 PRN   DFND 1 0 1,075,000 0
AUXILIUM PHARMACEUTICALS INC COM 05334D107 603 22,200 SH   SOLE 3 22,200 0 0
AVALONBAY CMNTYS INC COM 053484101 11,175 85,100 SH   SOLE 2, 3 85,100 0 0
AVALONBAY CMNTYS INC COM 053484101 3,191 24,300 SH   DFND 1 0 24,300 0
AXIS CAPITAL HOLDINGS LTD SHS G0692U109 5,713 124,600 SH   SOLE 3 124,600 0 0
BARRICK GOLD CORP COM 067901108 4,866 272,900 SH   SOLE 2, 3 272,900 0 0
BARRICK GOLD CORP COM 067901108 1,398 78,400 SH   DFND 1 0 78,400 0
BEAM INC COM 073730103 16,818 201,900 SH   SOLE 2, 3 201,900 0 0
BEAM INC COM 073730103 7,189 86,300 SH   DFND 1 0 86,300 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 58,398 467,300 SH   SOLE 2, 3 467,300 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 10,485 83,900 SH   DFND 1 0 83,900 0
BRIGGS & STRATTON CORP COM 109043109 436 19,600 SH   SOLE 2, 3 19,600 0 0
BRIGGS & STRATTON CORP COM 109043109 187 8,400 SH   DFND 1 0 8,400 0
BROADRIDGE FINL SOLUTIONS IN COM 11133T103 747 20,100 SH   SOLE   20,100 0 0
BSB BANCORP INC MD COM 05573H108 551 32,000 SH   SOLE 3 32,000 0 0
CABLEVISION SYS CORP CL A NY CABLVS 12686C109 8,416 498,900 SH   SOLE 2, 3 498,900 0 0
CABLEVISION SYS CORP CL A NY CABLVS 12686C109 3,172 188,000 SH   DFND 1 0 188,000 0
CADENCE DESIGN SYSTEM INC COM 127387108 1,686 108,500 SH   SOLE 3 108,500 0 0
CAMECO CORP COM 13321L108 515 22,500 SH   SOLE 2, 3 22,500 0 0
CAMECO CORP COM 13321L108 172 7,500 SH   DFND 1 0 7,500 0
CAMPBELL SOUP CO COM 134429109 10,448 232,800 SH   SOLE 2, 3 232,800 0 0
CAMPBELL SOUP CO COM 134429109 4,385 97,700 SH   DFND 1 0 97,700 0
CAPITAL BK FINL CORP CL A COM 139794101 1,662 66,200 SH   SOLE 3 66,200 0 0
CAPITAL CITY BK GROUP INC COM 139674105 769 57,900 SH   SOLE 3 57,900 0 0
CELADON GROUP INC COM 150838100 5,272 219,294 SH   SOLE 2, 3 219,294 0 0
CELADON GROUP INC COM 150838100 1,161 48,300 SH   DFND 1 0 48,300 0
CENTRAL PAC FINL CORP COM NEW 154760409 3,432 169,900 SH   SOLE 2, 3 169,900 0 0
CENTRAL PAC FINL CORP COM NEW 154760409 1,366 67,600 SH   DFND 1 0 67,600 0
CHEMED CORP NEW NOTE 1.875% 5/1 16359RAC7 3,356 3,000,000 PRN   SOLE 2, 3 3,000,000 0 0
CHEMED CORP NEW NOTE 1.875% 5/1 16359RAC7 1,119 1,000,000 PRN   DFND 1 0 1,000,000 0
CHICOPEE BANCORP INC COM 168565109 1,479 83,571 SH   SOLE 3 83,571 0 0
CHIQUITA BRANDS INTL INC NOTE 4.250% 8/1 170032AT3 4,426 4,350,000 PRN   SOLE 2, 3 4,350,000 0 0
CHIQUITA BRANDS INTL INC NOTE 4.250% 8/1 170032AT3 1,170 1,150,000 PRN   DFND 1 0 1,150,000 0
CHUBB CORP COM 171232101 25,192 282,109 SH   SOLE 3 282,109 0 0
CHURCH & DWIGHT INC COM 171340102 11,883 172,042 SH   SOLE 2, 3 172,042 0 0
CHURCH & DWIGHT INC COM 171340102 2,853 41,300 SH   DFND 1 0 41,300 0
CIRCOR INTL INC COM 17273K109 1,162 15,840 SH   SOLE 3 15,840 0 0
CITIGROUP INC COM NEW 172967424 15,817 332,289 SH   SOLE 2, 3 332,289 0 0
CITIGROUP INC COM NEW 172967424 3,098 65,090 SH   DFND 1 0 65,090 0
CITY NATL CORP COM 178566105 3,039 38,600 SH   SOLE 2, 3 38,600 0 0
CITY NATL CORP COM 178566105 1,063 13,500 SH   DFND 1 0 13,500 0
CNA FINL CORP COM 126117100 22,159 518,700 SH   SOLE 2, 3 518,700 0 0
CNA FINL CORP COM 126117100 4,340 101,600 SH   DFND 1 0 101,600 0
COCA COLA CO COM 191216100 23,308 602,900 SH   SOLE 2, 3 602,900 0 0
COCA COLA CO COM 191216100 9,360 242,100 SH   DFND 1 0 242,100 0
COMTECH TELECOMMUNICATIONS C COM NEW 205826209 22 700 SH   SOLE 2 700 0 0
COMTECH TELECOMMUNICATIONS C COM NEW 205826209 51 1,600 SH   DFND 1 0 1,600 0
COMTECH TELECOMMUNICATIONS C NOTE 3.000% 5/0 205826AF7 7,708 7,525,000 PRN   SOLE 2, 3 7,525,000 0 0
COMTECH TELECOMMUNICATIONS C NOTE 3.000% 5/0 205826AF7 2,279 2,225,000 PRN   DFND 1 0 2,225,000 0
CONOCOPHILLIPS COM 20825C104 18,629 264,800 SH   SOLE 2, 3 264,800 0 0
CONOCOPHILLIPS COM 20825C104 6,768 96,200 SH   DFND 1 0 96,200 0
CORNING INC COM 219350105 22,373 1,074,600 SH   SOLE 2, 3 1,074,600 0 0
CORNING INC COM 219350105 8,322 399,700 SH   DFND 1 0 399,700 0
CU BANCORP CALIF COM 126534106 754 41,000 SH   SOLE 3 41,000 0 0
CURTISS WRIGHT CORP COM 231561101 8,228 129,500 SH   SOLE 2, 3 129,500 0 0
CURTISS WRIGHT CORP COM 231561101 3,209 50,500 SH   DFND 1 0 50,500 0
COMMUNITY HEALTH SYS INC NEW COM 203668108 2,546 65,000 SH Call SOLE   65,000 0 0
DARDEN RESTAURANTS INC COM 237194105 1,853 36,500 SH   SOLE 2, 3 36,500 0 0
DARDEN RESTAURANTS INC COM 237194105 563 11,100 SH   DFND 1 0 11,100 0
DELTIC TIMBER CORP COM 247850100 2,069 31,724 SH   SOLE 2, 3 31,724 0 0
DELTIC TIMBER CORP COM 247850100 309 4,733 SH   DFND 1 0 4,733 0
DENNYS CORP COM 24869P104 2,344 364,600 SH   SOLE 3 364,600 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301 588 50,000 SH   SOLE   50,000 0 0
DIME CMNTY BANCSHARES COM 253922108 1,151 67,800 SH   SOLE 3 67,800 0 0
DOMTAR CORP COM NEW 257559203 31,041 276,606 SH   SOLE 2, 3 276,606 0 0
DOMTAR CORP COM NEW 257559203 10,998 98,000 SH   DFND 1 0 98,000 0
DONEGAL GROUP INC CL A 257701201 1,964 134,700 SH   SOLE 2, 3 134,700 0 0
DONEGAL GROUP INC CL A 257701201 751 51,500 SH   DFND 1 0 51,500 0
DREAMWORKS ANIMATION SKG INC CL A 26153C103 4,649 175,100 SH   SOLE 2, 3 175,100 0 0
DREAMWORKS ANIMATION SKG INC CL A 26153C103 1,707 64,300 SH   DFND 1 0 64,300 0
DU PONT E I DE NEMOURS & CO COM 263534109 18,526 276,100 SH   SOLE 2, 3 276,100 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 8,481 126,400 SH   DFND 1 0 126,400 0
EBAY INC COM 278642103 6,021 109,000 SH   SOLE 2 109,000 0 0
EBAY INC COM 278642103 1,679 30,400 SH   DFND 1 0 30,400 0
E M C CORP MASS COM 268648102 6,768 246,900 SH   SOLE 2, 3 246,900 0 0
E M C CORP MASS COM 268648102 2,472 90,200 SH   DFND 1 0 90,200 0
EMPIRE DIST ELEC CO COM 291641108 3,794 156,000 SH   SOLE 2, 3 156,000 0 0
EMPIRE DIST ELEC CO COM 291641108 1,046 43,000 SH   DFND 1 0 43,000 0
ENDURANCE SPECIALTY HLDGS LT SHS G30397106 10,405 193,300 SH   SOLE 3 193,300 0 0
ENERGIZER HLDGS INC COM 29266R108 7,012 69,600 SH   SOLE 2, 3 69,600 0 0
ENERGIZER HLDGS INC COM 29266R108 2,649 26,300 SH   DFND 1 0 26,300 0
EXPEDIA INC DEL COM NEW 30212P303 9,425 130,000 SH Call SOLE   130,000 0 0
FIRST AMERN FINL CORP COM 31847R102 4,062 153,000 SH   SOLE 2, 3 153,000 0 0
FIRST AMERN FINL CORP COM 31847R102 1,500 56,500 SH   DFND 1 0 56,500 0
FIRST CTZNS BANCSHARES INC N CL A 31946M103 313 1,300 SH   SOLE   1,300 0 0
FIRST DEFIANCE FINL CORP COM 32006W106 1,193 44,000 SH   SOLE 3 0 44,000 0
FIRST INTERNET BANCORP COM 320557101 569 25,000 SH   SOLE   25,000 0 0
FIRST SEC GROUP INC COM NEW 336312202 1,248 600,000 SH   SOLE   600,000 0 0
FIRSTENERGY CORP COM 337932107 20,425 600,201 SH   SOLE 2, 3 600,201 0 0
FIRSTENERGY CORP COM 337932107 6,871 201,900 SH   DFND 1 0 201,900 0
FORESTAR GROUP INC COM 346233109 9,535 535,700 SH   SOLE 2, 3 535,700 0 0
FORESTAR GROUP INC COM 346233109 3,097 174,000 SH   DFND 1 0 174,000 0
FORESTAR GROUP INC NOTE 3.750% 3/0 346232AB7 9,838 9,200,000 PRN   SOLE 2, 3 9,200,000 0 0
FORESTAR GROUP INC NOTE 3.750% 3/0 346232AB7 2,754 2,575,000 PRN   DFND 1 0 2,575,000 0
FOX CHASE BANCORP INC NEW COM 35137T108 2,015 119,555 SH   SOLE 2, 3 119,555 0 0
FOX CHASE BANCORP INC NEW COM 35137T108 259 15,400 SH   DFND 1 0 15,400 0
FRANKLIN RES INC COM 354613101 21,418 395,307 SH   SOLE 2, 3 395,307 0 0
FRANKLIN RES INC COM 354613101 3,890 71,800 SH   DFND 1 0 71,800 0
GALLAGHER ARTHUR J & CO COM 363576109 4,401 92,500 SH   SOLE 3 92,500 0 0
GENERAL MLS INC COM 370334104 6,928 133,700 SH   SOLE 2 133,700 0 0
GENERAL MLS INC COM 370334104 2,363 45,600 SH   DFND 1 0 45,600 0
GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 8,088 2,191,800 SH   SOLE 2, 3 2,191,800 0 0
GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 2,564 694,900 SH   DFND 1 0 694,900 0
FULLER H B CO COM 359694106 4,176 86,500 SH   SOLE 2, 3 86,500 0 0
FULLER H B CO COM 359694106 1,347 27,900 SH   DFND 1 0 27,900 0
HAEMONETICS CORP COM 405024100 3,083 94,600 SH   SOLE 3 94,600 0 0
HCC INS HLDGS INC COM 404132102 1,055 23,200 SH   SOLE   23,200 0 0
HESS CORP COM 42809H107 47,250 570,100 SH   SOLE 2, 3 570,100 0 0
HESS CORP COM 42809H107 14,363 173,300 SH   DFND 1 0 173,300 0
HILLSHIRE BRANDS CO COM 432589109 15,466 415,080 SH   SOLE 2, 3 0 0 0
HILLSHIRE BRANDS CO COM 432589109 4,254 114,180 SH   DFND 1 0 0 0
HOLOGIC INC FRNT 2.000%12/1 436440AB7 6,173 5,400,000 PRN   SOLE 2, 3 5,400,000 0 0
HOLOGIC INC FRNT 2.000%12/1 436440AB7 1,829 1,600,000 PRN   DFND 1 0 1,600,000 0
HOME DEPOT INC COM 437076102 10,936 138,200 SH   SOLE 2, 3 138,200 0 0
HOME DEPOT INC COM 437076102 2,746 34,700 SH   DFND 1 0 34,700 0
HOMETRUST BANCSHARES INC COM 437872104 4,912 311,300 SH   SOLE 3 311,300 0 0
HORSEHEAD HLDG CORP NOTE 3.800% 7/0 440694AB3 1,462 1,125,000 PRN   SOLE 2, 3 1,125,000 0 0
HORSEHEAD HLDG CORP NOTE 3.800% 7/0 440694AB3 487 375,000 PRN   DFND 1 0 375,000 0
HOSPIRA INC COM 441060100 5,869 135,700 SH   SOLE 2, 3 135,700 0 0
HOSPIRA INC COM 441060100 2,206 51,000 SH   DFND 1 0 51,000 0
HOWARD HUGHES CORP COM 44267D107 813 5,700 SH   SOLE 3 5,700 0 0
HYATT HOTELS CORP COM CL A 448579102 8,640 160,565 SH   SOLE 2, 3 160,565 0 0
HYATT HOTELS CORP COM CL A 448579102 1,959 36,400 SH   DFND 1 0 36,400 0
ILLINOIS TOOL WKS INC COM 452308109 5,018 61,700 SH   SOLE 2 61,700 0 0
ILLINOIS TOOL WKS INC COM 452308109 3,538 43,500 SH   DFND 1 0 43,500 0
INFINITY PPTY & CAS CORP COM 45665Q103 5,653 83,592 SH   SOLE 3 83,592 0 0
INTERCONTINENTALEXCHANGE GRO COM 45866F104 2,987 15,100 SH   SOLE 2, 3 15,100 0 0
INTERCONTINENTALEXCHANGE GRO COM 45866F104 613 3,100 SH   DFND 1 0 3,100 0
INTEROIL CORP NOTE 2.750%11/1 460951AC0 3,841 3,775,000 PRN   SOLE 2, 3 3,775,000 0 0
INTEROIL CORP NOTE 2.750%11/1 460951AC0 1,145 1,125,000 PRN   DFND 1 0 1,125,000 0
INVACARE CORP COM 461203101 5,037 264,127 SH   SOLE 2, 3 264,127 0 0
INVACARE CORP COM 461203101 1,001 52,500 SH   DFND 1 0 52,500 0
INVESCO LTD SHS G491BT108 20,472 553,300 SH   SOLE 2, 3 553,300 0 0
INVESCO LTD SHS G491BT108 5,313 143,600 SH   DFND 1 0 143,600 0
J & J SNACK FOODS CORP COM 466032109 2,985 31,100 SH   SOLE 3 31,100 0 0
JACK IN THE BOX INC COM 466367109 1,096 18,600 SH   SOLE 3 18,600 0 0
JANUS CAP GROUP INC NOTE 0.750% 7/1 47102XAH8 7,712 6,437,000 PRN   SOLE 2, 3 6,437,000 0 0
JANUS CAP GROUP INC NOTE 0.750% 7/1 47102XAH8 2,164 1,806,000 PRN   DFND 1 0 1,806,000 0
JOHNSON & JOHNSON COM 478160104 26,660 271,400 SH   SOLE 2, 3 271,400 0 0
JOHNSON & JOHNSON COM 478160104 10,363 105,500 SH   DFND 1 0 105,500 0
JPMORGAN CHASE & CO COM 46625H100 18,966 312,400 SH   SOLE 2 312,400 0 0
JPMORGAN CHASE & CO COM 46625H100 4,644 76,500 SH   DFND 1 0 76,500 0
KINROSS GOLD CORP COM NO PAR 496902404 2,554 616,900 SH   SOLE 2, 3 616,900 0 0
KINROSS GOLD CORP COM NO PAR 496902404 646 156,000 SH   DFND 1 0 156,000 0
L-3 COMMUNICATIONS CORP DEBT 3.000% 8/0 502413AW7 4,127 3,100,000 SH   SOLE 2, 3 3,100,000 0 0
L-3 COMMUNICATIONS CORP DEBT 3.000% 8/0 502413AW7 1,198 900,000 SH   DFND 1 0 900,000 0
LANCASTER COLONY CORP COM 513847103 10,439 105,000 SH   SOLE 2, 3 105,000 0 0
LANCASTER COLONY CORP COM 513847103 3,798 38,200 SH   DFND 1 0 38,200 0
LANDSTAR SYS INC COM 515098101 3,050 51,500 SH   SOLE 3 51,500 0 0
LEGG MASON INC COM 524901105 31,106 634,300 SH   SOLE 2, 3 634,300 0 0
LEGG MASON INC COM 524901105 7,856 160,200 SH   DFND 1 0 160,200 0
LEUCADIA NATL CORP COM 527288104 17,723 632,962 SH   SOLE 2, 3 632,962 0 0
LEUCADIA NATL CORP COM 527288104 2,934 104,800 SH   DFND 1 0 104,800 0
LOCKHEED MARTIN CORP COM 539830109 7,166 43,900 SH   SOLE 2 43,900 0 0
LOCKHEED MARTIN CORP COM 539830109 1,698 10,400 SH   DFND 1 0 10,400 0
LOEWS CORP COM 540424108 21,192 481,100 SH   SOLE 2, 3 481,100 0 0
LOEWS CORP COM 540424108 6,986 158,600 SH   DFND 1 0 158,600 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 637 27,000 SH   SOLE   27,000 0 0
MARSH & MCLENNAN COS INC COM 571748102 10,693 216,900 SH   SOLE 2 216,900 0 0
MARSH & MCLENNAN COS INC COM 571748102 2,302 46,700 SH   DFND 1 0 46,700 0
MATTHEWS INTL CORP CL A 577128101 1,690 41,400 SH   SOLE 2, 3 41,400 0 0
MATTHEWS INTL CORP CL A 577128101 763 18,700 SH   DFND 1 0 18,700 0
MAXIM INTEGRATED PRODS INC COM 57772K101 5,644 170,400 SH   SOLE 2, 3 170,400 0 0
MAXIM INTEGRATED PRODS INC COM 57772K101 2,600 78,500 SH   DFND 1 0 78,500 0
MCDONALDS CORP COM 580135101 10,891 111,100 SH   SOLE 2, 3 111,100 0 0
MCDONALDS CORP COM 580135101 4,166 42,500 SH   DFND 1 0 42,500 0
MERCK & CO INC NEW COM 58933Y105 27,309 481,048 SH   SOLE 2, 3 481,048 0 0
MERCK & CO INC NEW COM 58933Y105 11,047 194,600 SH   DFND 1 0 194,600 0
MERCURY GENL CORP NEW COM 589400100 406 9,000 SH   SOLE   9,000 0 0
METLIFE INC COM 59156R108 10,140 192,051 SH   SOLE 2, 3 192,051 0 0
METLIFE INC COM 59156R108 2,080 39,400 SH   DFND 1 0 39,400 0
METRO BANCORP INC PA COM 59161R101 830 39,280 SH   SOLE 3 39,280 0 0
MICROSOFT CORP COM 594918104 14,387 351,000 SH   SOLE 2, 3 351,000 0 0
MICROSOFT CORP COM 594918104 4,099 100,000 SH   DFND 1 0 100,000 0
MONDELEZ INTL INC CL A 609207105 2,360 68,300 SH   SOLE 2 68,300 0 0
MONDELEZ INTL INC CL A 609207105 1,669 48,300 SH   DFND 1 0 48,300 0
MONSTER BEVERAGE CORP COM 611740101 3,993 57,500 SH   SOLE 2, 3 57,500 0 0
MONSTER BEVERAGE CORP COM 611740101 778 11,200 SH   DFND 1 0 11,200 0
MONTPELIER RE HOLDINGS LTD SHS G62185106 3,681 123,700 SH   SOLE 2, 3 123,700 0 0
MONTPELIER RE HOLDINGS LTD SHS G62185106 804 27,000 SH   DFND 1 0 27,000 0
MURPHY OIL CORP COM 626717102 19,644 312,500 SH   SOLE 2, 3 312,500 0 0
MURPHY OIL CORP COM 626717102 8,398 133,600 SH   DFND 1 0 133,600 0
NAVIGATORS GROUP INC COM 638904102 688 11,200 SH   SOLE   11,200 0 0
NETAPP INC COM 64110D104 5,941 161,000 SH   SOLE 2, 3 161,000 0 0
NETAPP INC COM 64110D104 1,517 41,100 SH   DFND 1 0 41,100 0
WESTFIELD FINANCIAL INC NEW COM 96008P104 1,781 239,000 SH   SOLE 3 239,000 0 0
NEWMONT MINING CORP COM 651639106 15,452 659,200 SH   SOLE 2, 3 659,200 0 0
NEWMONT MINING CORP COM 651639106 4,130 176,200 SH   DFND 1 0 176,200 0
NEWMONT MINING CORP NOTE 1.625% 7/1 651639AJ5 14,311 13,525,000 PRN   SOLE 2, 3 13,525,000 0 0
NEWMONT MINING CORP NOTE 1.625% 7/1 651639AJ5 4,206 3,975,000 PRN   DFND 1 0 3,975,000 0
NOODLES & CO CL A 65540B105 197 5,000 SH   SOLE 3 5,000 0 0
NORTHGATE MINERALS CORP NOTE 3.500%10/0 666416AB8 4,787 4,625,000 PRN   SOLE 2, 3 4,625,000 0 0
NORTHGATE MINERALS CORP NOTE 3.500%10/0 666416AB8 1,423 1,375,000 PRN   DFND 1 0 1,375,000 0
NORTHROP GRUMMAN CORP COM 666807102 8,452 68,500 SH   SOLE 2, 3 68,500 0 0
NORTHROP GRUMMAN CORP COM 666807102 1,937 15,700 SH   DFND 1 0 15,700 0
NRG ENERGY INC COM NEW 629377508 14,603 459,214 SH   SOLE 2, 3 459,214 0 0
NRG ENERGY INC COM NEW 629377508 4,410 138,674 SH   DFND 1 0 138,674 0
OCEAN SHORE HLDG CO NEW COM 67501R103 717 50,395 SH   SOLE 3 50,395 0 0
OCEANFIRST FINL CORP COM 675234108 3,844 217,300 SH   SOLE 3 217,300 0 0
OMNIAMERICAN BANCORP INC COM 68216R107 3,535 155,100 SH   SOLE 2, 3 155,100 0 0
OMNIAMERICAN BANCORP INC COM 68216R107 889 39,022 SH   DFND 1 0 39,022 0
ORITANI FINL CORP DEL COM 68633D103 10,456 661,376 SH   SOLE 2, 3 661,376 0 0
ORITANI FINL CORP DEL COM 68633D103 2,089 132,100 SH   DFND 1 0 132,100 0
PACWEST BANCORP DEL COM 695263103 5,514 128,200 SH   SOLE 2, 3 128,200 0 0
PACWEST BANCORP DEL COM 695263103 1,970 45,800 SH   DFND 1 0 45,800 0
PARKWAY PPTYS INC COM 70159Q104 6,959 381,297 SH   SOLE 2, 3 381,297 0 0
PARKWAY PPTYS INC COM 70159Q104 1,049 57,500 SH   DFND 1 0 57,500 0
PATTERSON COMPANIES INC COM 703395103 10,870 260,300 SH   SOLE 2, 3 260,300 0 0
PATTERSON COMPANIES INC COM 703395103 2,142 51,300 SH   DFND 1 0 51,300 0
PAYCHEX INC COM 704326107 11,664 273,800 SH   SOLE 2, 3 273,800 0 0
PAYCHEX INC COM 704326107 4,273 100,300 SH   DFND 1 0 100,300 0
PEOPLES FED BANCSHARES INC COM 711037101 1,851 103,380 SH   SOLE 3 103,380 0 0
PEPCO HOLDINGS INC COM 713291102 3,623 176,900 SH   SOLE 2, 3 176,900 0 0
PEPCO HOLDINGS INC COM 713291102 1,090 53,200 SH   DFND 1 0 53,200 0
PEPSICO INC COM 713448108 13,343 159,800 SH   SOLE 2, 3 159,800 0 0
PEPSICO INC COM 713448108 3,983 47,700 SH   DFND 1 0 47,700 0
PERMIAN BASIN RTY TR UNIT BEN INT 714236106 1,452 110,000 SH   SOLE   110,000 0 0
PFIZER INC COM 717081103 6,170 192,100 SH   SOLE 2, 3 192,100 0 0
PFIZER INC COM 717081103 1,850 57,600 SH   DFND 1 0 57,600 0
PHH CORP COM NEW 693320202 10,760 416,400 SH   SOLE 2, 3 416,400 0 0
PHH CORP COM NEW 693320202 4,519 174,900 SH   DFND 1 0 174,900 0
PHH CORP NOTE 4.000% 9/0 693320AN3 14,797 13,725,000 PRN   SOLE 2, 3 13,725,000 0 0
PHH CORP NOTE 4.000% 9/0 693320AN3 3,531 3,275,000 PRN   DFND 1 0 3,275,000 0
PICO HLDGS INC COM NEW 693366205 2,344 90,200 SH   SOLE 3 90,200 0 0
PLATINUM UNDERWRITER HLDGS L COM G7127P100 11,603 193,062 SH   SOLE 2, 3 193,062 0 0
PLATINUM UNDERWRITER HLDGS L COM G7127P100 240 4,000 SH   DFND 1 0 4,000 0
POST PPTYS INC COM 737464107 19,915 405,600 SH   SOLE 2, 3 405,600 0 0
POST PPTYS INC COM 737464107 7,223 147,100 SH   DFND 1 0 147,100 0
PPL CORP COM 69351T106 2,154 65,000 SH Call SOLE   65,000 0 0
PPL CORP COM 69351T106 497 15,000 SH Call SOLE   15,000 0 0
PPL CORP COM 69351T106 746 22,500 SH Call SOLE   22,500 0 0
PROASSURANCE CORP COM 74267C106 7,944 178,400 SH   SOLE   178,400 0 0
PROCTER & GAMBLE CO COM 742718109 14,629 181,496 SH   SOLE 2 181,496 0 0
PROCTER & GAMBLE CO COM 742718109 5,690 70,600 SH   DFND 1 0 70,600 0
PROGRESSIVE CORP OHIO COM 743315103 8,816 364,000 SH   SOLE 3 364,000 0 0
PSB HLDGS INC COM 69360W108 338 50,381 SH   SOLE   50,381 0 0
PUBLIC SVC ENTERPRISE GROUP COM 744573106 15,248 399,800 SH   SOLE 2, 3 399,800 0 0
PUBLIC SVC ENTERPRISE GROUP COM 744573106 4,665 122,300 SH   DFND 1 0 122,300 0
RTI INTL METALS INC NOTE 1.625%10/1 74973WAB3 16,172 16,450,000 PRN   SOLE 2, 3 16,450,000 0 0
RTI INTL METALS INC NOTE 1.625%10/1 74973WAB3 4,473 4,550,000 PRN   DFND 1 0 4,550,000 0
RTI INTL METALS INC NOTE 3.000%12/0 74973WAA5 3,307 3,100,000 PRN   SOLE 2, 3 3,100,000 0 0
RTI INTL METALS INC NOTE 3.000%12/0 74973WAA5 960 900,000 PRN   DFND 1 0 900,000 0
SAFETY INS GROUP INC COM 78648T100 3,527 65,500 SH   SOLE   65,500 0 0
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 1,765 100,000 SH   SOLE   100,000 0 0
SANOFI SPONSORED ADR 80105N105 14,931 285,600 SH   SOLE 2, 3 285,600 0 0
SANOFI SPONSORED ADR 80105N105 5,772 110,400 SH   DFND 1 0 110,400 0
SCIENCE APPLICATNS INTL CP N COM 808625107 5,122 137,000 SH   SOLE 2 137,000 0 0
SCIENCE APPLICATNS INTL CP N COM 808625107 247 6,600 SH   DFND 1 0 6,600 0
SI FINL GROUP INC MD COM 78425V104 467 41,400 SH   SOLE 3 41,400 0 0
SIBANYE GOLD LTD SPONSORED ADR 825724206 2,505 300,775 SH   SOLE 2, 3 300,775 0 0
SIBANYE GOLD LTD SPONSORED ADR 825724206 766 91,975 SH   DFND 1 0 91,975 0
SILGAN HOLDINGS INC COM 827048109 6,715 135,600 SH   SOLE 2, 3 135,600 0 0
SILGAN HOLDINGS INC COM 827048109 2,446 49,400 SH   DFND 1 0 49,400 0
SPDR GOLD TRUST GOLD SHS 78463V107 1,669 13,500 SH   SOLE 2, 3 13,500 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 396 3,200 SH   DFND 1 0 3,200 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 20,088 107,400 SH   SOLE   107,400 0 0
STATE AUTO FINL CORP COM 855707105 14,129 663,000 SH   SOLE 2, 3 663,000 0 0
STATE AUTO FINL CORP COM 855707105 4,899 229,900 SH   DFND 1 0 229,900 0
STATE STR CORP COM 857477103 4,409 63,400 SH   SOLE   63,400 0 0
SUNCOR ENERGY INC NEW COM 867224107 3,667 104,900 SH   SOLE 2 104,900 0 0
SUNCOR ENERGY INC NEW COM 867224107 2,482 71,000 SH   DFND 1 0 71,000 0
SYMETRA FINL CORP COM 87151Q106 38,100 1,922,300 SH   SOLE   1,922,300 0 0
SYSCO CORP COM 871829107 5,716 158,200 SH   SOLE 2, 3 158,200 0 0
SYSCO CORP COM 871829107 2,171 60,100 SH   DFND 1 0 60,100 0
TALISMAN ENERGY INC COM 87425E103 17,481 1,751,600 SH   SOLE 2, 3 1,751,600 0 0
TALISMAN ENERGY INC COM 87425E103 6,914 692,800 SH   DFND 1 0 692,800 0
TECO ENERGY INC COM 872375100 5,613 327,300 SH   SOLE 2, 3 327,300 0 0
TECO ENERGY INC COM 872375100 1,513 88,200 SH   DFND 1 0 88,200 0
TELEPHONE & DATA SYS INC COM NEW 879433829 15,637 596,600 SH   SOLE 2, 3 596,600 0 0
TELEPHONE & DATA SYS INC COM NEW 879433829 5,730 218,600 SH   DFND 1 0 218,600 0
PNC FINL SVCS GROUP INC COM 693475105 14,468 166,300 SH   SOLE 2 166,300 0 0
PNC FINL SVCS GROUP INC COM 693475105 3,950 45,400 SH   DFND 1 0 45,400 0
TOOTSIE ROLL INDS INC COM 890516107 13,926 465,127 SH   SOLE 2, 3 465,127 0 0
TOOTSIE ROLL INDS INC COM 890516107 4,880 162,977 SH   DFND 1 0 162,977 0
TYCO INTERNATIONAL LTD SHS H89128104 6,144 144,900 SH   SOLE 2, 3 144,900 0 0
TYCO INTERNATIONAL LTD SHS H89128104 3,201 75,500 SH   DFND 1 0 75,500 0
UIL HLDG CORP COM 902748102 1,612 43,800 SH   SOLE 3 43,800 0 0
UNITED FINANCIAL BANCORP INC COM 91030T109 4,585 249,300 SH   SOLE 2, 3 249,300 0 0
UNITED FINANCIAL BANCORP INC COM 91030T109 1,593 86,600 SH   DFND 1 0 86,600 0
UNITED STATES LIME & MINERAL COM 911922102 809 14,361 SH   SOLE 3 14,361 0 0
UNUM GROUP COM 91529Y106 1,405 39,800 SH   SOLE   39,800 0 0
US BANCORP DEL COM NEW 902973304 5,267 122,900 SH   SOLE 2 122,900 0 0
US BANCORP DEL COM NEW 902973304 1,282 29,900 SH   DFND 1 0 29,900 0
VERISIGN INC COM 92343E102 6,151 114,100 SH   SOLE 2, 3 114,100 0 0
VERISIGN INC COM 92343E102 2,340 43,400 SH   DFND 1 0 43,400 0
WALGREEN CO COM 931422109 12,103 183,300 SH   SOLE 2, 3 183,300 0 0
WALGREEN CO COM 931422109 4,701 71,200 SH   DFND 1 0 71,200 0
WAL-MART STORES INC COM 931142103 28,868 377,700 SH   SOLE 2, 3 377,700 0 0
WAL-MART STORES INC COM 931142103 9,615 125,800 SH   DFND 1 0 125,800 0
WASHINGTON TR BANCORP COM 940610108 1,270 33,900 SH   SOLE 3 33,900 0 0
WELLPOINT INC COM 94973V107 13,489 135,500 SH   SOLE 2, 3 135,500 0 0
WELLPOINT INC COM 94973V107 2,608 26,200 SH   DFND 1 0 26,200 0
WHITE MTNS INS GROUP LTD COM G9618E107 29,995 50,000 SH   SOLE   50,000 0 0
WILLIAMS CLAYTON ENERGY INC COM 969490101 13,866 122,700 SH   SOLE 2, 3 122,700 0 0
WILLIAMS CLAYTON ENERGY INC COM 969490101 5,232 46,300 SH   DFND 1 0 46,300 0
WPX ENERGY INC COM 98212B103 4,333 240,300 SH   SOLE 2, 3 240,300 0 0
WPX ENERGY INC COM 98212B103 1,533 85,000 SH   DFND 1 0 85,000 0
XEROX CORP COM 984121103 4,970 439,800 SH   SOLE 2, 3 439,800 0 0
XEROX CORP COM 984121103 1,865 165,000 SH   DFND 1 0 165,000 0
XILINX INC COM 983919101 9,258 170,600 SH   SOLE 2, 3 170,600 0 0
XILINX INC COM 983919101 1,867 34,400 SH   DFND 1 0 34,400 0
XL GROUP PLC SHS G98290102 19,644 628,600 SH   SOLE 2, 3 628,600 0 0
XL GROUP PLC SHS G98290102 1,403 44,900 SH   DFND 1 0 44,900 0
XYLEM INC COM 98419M100 2,080 57,100 SH   SOLE 3 57,100 0 0