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 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
AbbVie Inc. COM 02887Y909 65,408 51,300 SH Call SOLE   51,300 0 0
Actavis Inc. SHS G0083B958 153,400 94,400 SH Put SOLE   94,400 0 0
Actavis Inc. SHS G0083B108 21,061,273 94,424 SH   SOLE   94,424 0 0
Aeroflex Holdings Corp. COM 007767106 23,374,953 2,226,186 SH   SOLE   2,226,186 0 0
Agnico Eagle Mines Ltd. COM 008474108 4,414,282 115,278 SH   SOLE   115,278 0 0
Allergan Inc. COM 018490952 536,250 75,000 SH Put SOLE   75,000 0 0
Allergan Inc. COM 018490102 72,156,931 426,409 SH   SOLE   426,409 0 0
Alpha Natural Resources Inc. COM 02076X102 74,571 20,100 SH   SOLE   20,100 0 0
American Realty Cap Healthcare Tr. COM 02917R108 116,361,403 10,685,161 SH   SOLE   10,685,161 0 0
Annaly Cap Mgmt Inc. NOTE 4.000% 2/1 035710AA0 8,832,240 8,352,000 PRN   SOLE   684,150 0 0
Armstrong World Industries Inc. COM 04247X952 36,480 91,200 SH Put SOLE   91,200 0 0
Armstrong World Industries Inc. COM 04247X102 5,231,184 91,088 SH   SOLE   91,088 0 0
Assured Guaranty Ltd. COM G0585R106 7,714,340 314,871 SH   SOLE   314,871 0 0
AstraZeneca PLC SPONSORED ADR 046353108 1,952,792 26,279 SH   SOLE   26,279 0 0
AT&T COM 00206R952 2,334,540 1,138,800 SH Put SOLE   1,138,800 0 0
B/E Aerospace Inc. COM 073302951 7,560 6,300 SH Put SOLE   6,300 0 0
B/E Aerospace Inc. COM 073302101 14,135,154 152,829 SH   SOLE   152,829 0 0
BPZ Resources Inc. NOTE 8.500% 10/0 055639AC2 8,318,440 7,072,000 PRN   SOLE   1,765,076 0 0
Carefusion Corp. COM 14170T951 90,750 165,000 SH Put SOLE   165,000 0 0
Carefusion Corp. COM 14170T101 7,315,621 164,952 SH   SOLE   164,952 0 0
Cbeyond Inc. COM 149847105 24,603,166 2,472,680 SH   SOLE   2,472,680 0 0
Charter Communications Inc. CL A NEW 16117M955 50,220 32,400 SH Put SOLE   32,400 0 0
Charter Communications Inc. CL A NEW 16117M305 3,755,348 23,711 SH   SOLE   23,711 0 0
Chicos Fas Inc. COM 168615102 2,779,405 163,880 SH   SOLE   163,880 0 0
Civeo Corp. COM 178787957 122,605 350,300 SH Put SOLE   350,300 0 0
Civeo Corp. COM 178787107 9,920,465 396,343 SH   SOLE   396,343 0 0
Consol Energy Inc. COM 20854P109 9,710,036 210,767 SH   SOLE   210,767 0 0
Covidien PLC SHS G2554F113 81,566,097 904,481 SH   SOLE   904,481 0 0
Cubist Pharmaceuticals Inc. (CVR) RIGHT 229678123 341,711 2,950,869 SH   SOLE   2,950,869 0 0
Digitalglobe Inc. COM NEW 25389M957 253,400 362,000 SH Put SOLE   362,000 0 0
Digitalglobe Inc. COM NEW 25389M877 10,041,860 361,218 SH   SOLE   361,218 0 0
Directv COM 25490A959 98,005 115,300 SH Put SOLE   115,300 0 0
Directv COM 25490A309 100,758,868 1,185,259 SH   SOLE   1,185,259 0 0
Dryships Inc. NOTE 5.000% 12/0 262498AB4 6,723,888 6,809,000 PRN   SOLE   986,811 0 0
Emeritus Corp. COM 291005106 153,385,300 4,846,297 SH   SOLE   4,846,297 0 0
Endeavor International Corp New COM NEW 29259G200 369,663 269,827 SH   SOLE   269,827 0 0
Express Inc. COM 30219E103 1,481,968 87,021 SH   SOLE   87,021 0 0
1st United Bancorp Inc. FLA COM 33740N105 12,369,467 1,434,973 SH   SOLE   1,434,973 0 0
Forest Laboratories Inc. COM 345838106 346,048,362 3,495,438 SH   SOLE   3,495,438 0 0
Foster Wheeler AG COM H27178104 165,618,835 4,861,134 SH   SOLE   4,861,134 0 0
Fusion-IO Inc. COM 36112J107 16,951,130 1,500,100 SH   SOLE   1,500,100 0 0
General Motors Co. COM 37045V100 7,712,153 212,456 SH   SOLE   212,456 0 0
General Motors Co. COM 37045V950 92,758 244,100 SH Put SOLE   244,100 0 0
Genworth Financial Inc. - CL A COM CL A 37247D106 7,131,616 409,863 SH   SOLE   409,863 0 0
Globalstar Inc. NOTE 8.000% 4/0 378973AD3 5,388,751 754,661 PRN   SOLE   1,254,111 0 0
Hittite Microwave Corp. COM 43365Y104 89,582,011 1,149,224 SH   SOLE   1,149,224 0 0
Hormel Foods Corp. COM 440452950 7,335 16,300 SH Put SOLE   16,300 0 0
Hormel Foods Corp. COM 440452100 805,589 16,324 SH   SOLE   16,324 0 0
Hornbeck Offshore Svcs Inc. COM 440543106 131,376 2,800 SH   SOLE   2,800 0 0
Hudson City Bancorp Inc. COM 443683107 46,430,540 4,723,351 SH   SOLE   4,723,351 0 0
Ingersoll-Rand PLC SHS G47791101 9,793,879 156,677 SH   SOLE   156,677 0 0
Ingersoll-Rand PLC SHS G47791951 233,625 186,900 SH Put SOLE   186,900 0 0
Integrys Energy Group Inc. COM 45822P105 38,056,826 535,032 SH   SOLE   535,032 0 0
Juniper Networks Inc. COM 48203R104 11,435,665 466,001 SH   SOLE   466,001 0 0
Juniper Networks Inc. COM 48203R954 116,450 465,800 SH Put SOLE   465,800 0 0
LIN Media LLC CL A COM 532771102 10,521,361 386,105 SH   SOLE   386,105 0 0
M&T Bank Corp. COM 55261F104 1,042,392 8,403 SH   SOLE   8,403 0 0
Manitowoc Inc. COM 563571108 10,296,911 313,357 SH   SOLE   313,357 0 0
Measurement Specialties Inc. COM 583421102 8,152,206 94,716 SH   SOLE   94,716 0 0
Media General Inc. CL A 584404957 29,565 197,100 SH Put SOLE   197,100 0 0
Medical Action Industries Inc. COM 58449L100 15,351,678 1,118,112 SH   SOLE   1,118,112 0 0
Medtronic Inc. COM 585055956 44,950 179,800 SH Put SOLE   179,800 0 0
Medtronic Inc. COM 585055106 11,461,115 179,754 SH   SOLE   179,754 0 0
Micro Sys Inc. COM 594901100 50,623,388 745,588 SH   SOLE   745,588 0 0
Morgans Hotel Group Co. NOTE 2.375% 10/1 61748WAB4 9,900,000 10,000,000 PRN   SOLE   371,903 0 0
Mylan Inc. COM 628530957 133,128 258,500 SH Put SOLE   258,500 0 0
Mylan Inc. COM 628530107 13,088,094 253,842 SH   SOLE   253,842 0 0
Noble Corp. PLC SHS USD G65431101 3,631,628 108,213 SH   SOLE   108,213 0 0
Nordion Inc. COM 65563C105 49,558,796 3,945,764 SH   SOLE   3,945,764 0 0
NPS Pharmaceuticals Inc. COM 62936P103 2,371,205 71,746 SH   SOLE   71,746 0 0
Omniamerican Bancorp Inc. COM 68216R107 14,281,600 571,264 SH   SOLE   571,264 0 0
Omnicare Inc. DBCV 3.250% 12/1 681904AL2 531,875 500,000 PRN   SOLE   6,420 0 0
Opentable Inc. COM 68372A104 26,842,760 259,100 SH   SOLE   259,100 0 0
Outerwall Inc. COM 690070107 11,114,296 187,267 SH   SOLE   187,267 0 0
Peabody Energy Corp. COM 704549104 7,823,295 478,489 SH   SOLE   478,489 0 0
Pepco Holdings Inc. COM 713291102 111,358,193 4,052,336 SH   SOLE   4,052,336 0 0
Petrologistics LP UNIT LTD PTH INT 71672U101 13,534,515 942,515 SH   SOLE   942,515 0 0
PLX Technology Inc. COM 693417107 17,048,418 2,634,995 SH   SOLE   2,634,995 0 0
Protective Life Corp. COM 743674103 150,506,417 2,170,870 SH   SOLE   2,170,870 0 0
Questor Pharmaceuticals Inc. COM 74835Y101 50,355,626 544,444 SH   SOLE   544,444 0 0
Safeway Inc. COM NEW 786514208 177,420,838 5,166,594 SH   SOLE   5,166,594 0 0
Schawk Inc. CL A 806373106 16,152,687 793,354 SH   SOLE   793,354 0 0
Sirius XM Holdings Inc. COM 82968B953 220,000 2,000,000 SH Put SOLE   2,000,000 0 0
Sirius XM Holdings Inc. COM 82968B103 19,913,397 5,755,317 SH   SOLE   5,755,317 0 0
SPDR S&P 500 TR UNIT 78462F953 126,854 487,900 SH Put SOLE   487,900 0 0
SPDR S&P 500 TR UNIT 78462F953 78,320 195,800 SH Put SOLE   195,800 0 0
SPDR S&P 500 TR UNIT 78462F953 130,784 195,200 SH Put SOLE   195,200 0 0
SPDR S&P 500 TR UNIT 78462F953 237,900 195,000 SH Put SOLE   195,000 0 0
SWS Group Inc. COM 78503N107 2,428,688 333,611 SH   SOLE   333,611 0 0
Talisman Energy Inc. (USD) COM 87425E103 4,636,313 437,388 SH   SOLE   437,388 0 0
Texas Industries Inc. COM 882491103 29,200,168 316,156 SH   SOLE   316,156 0 0
Time Water Cable Inc. COM 88732J207 150,758,015 1,023,476 SH   SOLE   1,023,476 0 0
T-Mobile US Inc. COM 872590104 9,102,380 270,743 SH   SOLE   270,743 0 0
TriQuint Semiconductor Inc. COM 89674K103 136,940,924 8,661,665 SH   SOLE   8,661,665 0 0
TW Telecom Inc. COM 87311L104 128,001,100 3,175,418 SH   SOLE   3,175,418 0 0
Tyson Foods Inc. CL A 902494953 93,960 417,600 SH Put SOLE   417,600 0 0
Tyson Foods Inc. CL A 902494103 15,680,158 417,692 SH   SOLE   417,692 0 0
UNS Energy Corp. COM 903119105 191,383,894 3,168,083 SH   SOLE   3,168,083 0 0
Valeant Phamaceuticals International, Inc. COM 91911K102 2,756,100 21,853 SH   SOLE   21,853 0 0
Verizon Communications Inc. COM 92343V104 2,178,755 44,528 SH   SOLE   44,528 0 0
Yamana Gold Inc. COM 98426Y100 384,706 46,754 SH   SOLE   46,754 0 0
YRC Worldwide Inc. NOTE 10.000% 3/3 984249AB8 8,160,718 8,079,919 PRN   SOLE   237,580 0 0