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
Actavis Inc. SHS G0083B908 50,840 12,400 SH Call SOLE   12,400 0 0
Actavis Inc. SHS G0083B108 212,363 825 SH   SOLE   825 0 0
Actuate Corp. COM 00508B102 11,294,257 1,711,251 SH   SOLE   1,711,251 0 0
Allergan Inc. COM 018490102 215,363,449 1,013,046 SH   SOLE   1,013,046 0 0
American Realty Cap Healthcare Trust I COM 02917R108 169,907,165 14,277,913 SH   SOLE   14,277,913 0 0
Amreit Inc New CL B 03216B208 29,195,699 1,100,064 SH   SOLE   1,100,064 0 0
Annaly Cap Mgmt Inc. NOTE 4.000% 2/1 035710AA0 8,482,500 8,352,000 PRN   SOLE   741,143 0 0
Associated Estates Rlty Corp. COM 045604105 4,440,352 191,312 SH   SOLE   191,312 0 0
AT&T Inc. COM 00206R952 496,188 233,500 SH   SOLE   233,500 0 0
AT&T Inc. COM 00206R952 1,329,453 1,236,700 SH   SOLE   1,236,700 0 0
Avanir Pharmaceuticals Inc CL A NEW 05348P401 89,943,870 5,306,423 SH   SOLE   5,306,423 0 0
AVG Technologies N V SHS N07831105 3,441,610 174,347 SH   SOLE   174,347 0 0
B/E Aerospace Inc. COM 073302951 66,588 76,100 SH Put SOLE   76,100 0 0
B/E Aerospace Inc. COM 073302101 22,734,499 391,839 SH   SOLE   391,839 0 0
Baker Hughes Inc. COM 057224957 42,485 146,500 SH Put SOLE   146,500 0 0
Baker Hughes Inc. COM 057224107 6,572,077 117,212 SH   SOLE   117,212 0 0
Bank of Kentucky Financial Corporation COM 062896105 11,749,304 243,408 SH   SOLE   243,408 0 0
Barclays Bank Plc IPATH S&P 500 VIX 06742E711 2,330,417 73,958 SH   SOLE   73,958 0 0
Berry Plastics Group Inc COM 08579W103 5,823,751 184,588 SH   SOLE   184,588 0 0
Bob Evans Farms Inc. COM 096761101 5,994,099 117,118 SH   SOLE   117,118 0 0
BPZ Resources Inc. NOTE 8.500% 10/0 055639AC2 1,661,069 5,201,000 PRN   SOLE   1,298,100 0 0
California Resources Corp. COM 13057Q907 9,765 195,300 SH Call SOLE   195,300 0 0
Cardinal Health Inc. COM 14149Y108 405,910 5,028 SH   SOLE   5,028 0 0
Carefusion Corp. COM 14170T101 103,972,996 1,752,157 SH   SOLE   1,752,157 0 0
Civeo Corp. COM 178787957 1,380,555 278,900 SH Put SOLE   278,900 0 0
Civeo Corp. COM 178787957 40,170 20,600 SH Put SOLE   20,600 0 0
Civeo Corp. COM 178787107 1,205,730 293,365 SH   SOLE   293,365 0 0
Conmed Corp. COM 207410101 432,335 9,616 SH   SOLE   9,616 0 0
Consol Energy Inc COM 20854p109 6,073,561 179,638 SH   SOLE   179,638 0 0
Consol Energy Inc COM 20854P959 30,798 48,500 SH Put SOLE   48,500 0 0
Covance Inc. COM 222816100 127,282,711 1,225,758 SH   SOLE   1,225,758 0 0
Covidien PLC SHS G2554F113 221,479,158 2,165,420 SH   SOLE   2,165,420 0 0
Cubist Pharmaceuticals Inc NOTE 1.125% 9/0 229678AF4 16,321,095 12,312,000 PRN   SOLE   149,367 0 0
Cubist Pharmaceuticals Inc COM 229678107 117,933,215 1,171,716 SH   SOLE   1,171,716 0 0
Cubist Pharmaceuticals Inc. (CVR) RIGHT 99/99/9999 229678123 118,035 2,950,869 SH   SOLE   2,950,869 0 0
Cypress Semiconductor Corp. COM 232806109 4,110,555 287,854 SH   SOLE   287,854 0 0
Directv COM 25490A309 202,886,323 2,340,096 SH   SOLE   2,340,096 0 0
Dish Network Corp. CL A 25470m109 1,778,662 24,402 SH   SOLE   24,402 0 0
Dresser-Rand Group Inc. COM 261608103 67,023,157 819,354 SH   SOLE   819,354 0 0
Ellis Perry Intl Inc COM 288853104 4,955,301 191,103 SH   SOLE   191,103 0 0
E M C Corp. Mass COM 268648952 38,796 146,400 SH Put SOLE   146,400 0 0
E M C Corp. Mass COM 268648102 6,156,418 207,008 SH   SOLE   207,008 0 0
Endo Intl Plc SHS G30401106 4,916,853 68,176 SH   SOLE   68,176 0 0
Energizer Holdings Inc. COM 29266R108 4,809,172 37,408 SH   SOLE   37,408 0 0
Energy XXI Ltd USD UNRS SHS G10082140 29,666 9,100 SH   SOLE   9,100 0 0
Exterran Holdings Inc. COM 30225X953 46,360 97,600 SH Put SOLE   97,600 0 0
Exterran Holdings Inc. COM 30225X103 7,282,054 223,513 SH   SOLE   223,513 0 0
Family Dollar Stores COM 307000109 144,862,337 1,828,839 SH   SOLE   1,828,839 0 0
Gentiva Health Services Inc. COM 37247A102 24,864,441 1,305,220 SH   SOLE   1,305,220 0 0
Glimcher Realty Tr SH BEN INT 379302102 59,128,524 4,303,386 SH   SOLE   4,303,386 0 0
Globalstar Inc. NOTE 8.000% 4/0 378973AD3 3,453,254 763,150 PRN   SOLE   1,268,218 0 0
Globalstar Inc. COM 378973408 794,043 288,743 SH   SOLE   288,743 0 0
Haemonetics Corp. COM 405024100 407,317 10,885 SH   SOLE   10,885 0 0
Hawaiian Electric Industries COM 419870100 4,428,333 132,268 SH   SOLE   132,268 0 0
HC2 Holdings Inc. COM 404139107 3,038,079 360,389 SH   SOLE   360,389 0 0
Hubbell Inc. CL A 443510201 6,707,642 62,788 SH   SOLE   62,788 0 0
Hubbell Inc. CL A 443510952 8,260 47,200 SH Put SOLE   47,200 0 0
Hudson Valley Holding Corp. COM 444172100 11,756,152 432,848 SH   SOLE   432,848 0 0
Illumina Inc COM 452327109 110,748 600 SH   SOLE   600 0 0
International Rectifier Corp COM 460254105 93,851,503 2,352,168 SH   SOLE   2,352,168 0 0
Juniper Networks Inc. COM 48203R104 5,521,008 247,357 SH   SOLE   247,357 0 0
Kindred Healthcare Inc COM 494580953 73,150 146,300 SH Put SOLE   146,300 0 0
Kindred Healthcare Inc COM 494580103 4,011,253 220,641 SH   SOLE   220,641 0 0
KLX Inc. COM 482539103 8,312,205 201,508 SH   SOLE   201,508 0 0
Level 3 Communications Inc. COM NEW 52729N308 1,762,767 35,698 SH   SOLE   35,698 0 0
Liberty Tripadvisor Holdings Inc. COM SER A 531465102 2,443,811 90,848 SH   SOLE   90,848 0 0
Macerich Co. COM 554382101 4,765,547 57,134 SH   SOLE   57,134 0 0
Manitowoc Inc COM 563571108 349,180 15,800 SH   SOLE   15,800 0 0
Media Gen Inc. New COM 584441K10 10,462,273 625,360 SH   SOLE   625,360 0 0
Methanex Corp. COM 59151K108 5,162,979 112,655 SH   SOLE   112,655 0 0
Molson Coors Brewing Co CL B 60871R209 3,755,063 50,390 SH   SOLE   50,390 0 0
Mylan Inc. COM 628530957 978 48,900 SH Put SOLE   48,900 0 0
NOW Inc. CL A 67011P950 143,960 97,600 SH Put SOLE   97,600 0 0
NOW Inc. COM 67011P100 6,278,069 243,998 SH   SOLE   243,998 0 0
Pantry Inc. COM 698657103 30,596,328 825,589 SH   SOLE   825,589 0 0
Peabody Energy Corp. COM 704549104 1,143,097 147,687 SH   SOLE   147,687 0 0
Penford Corp. COM 707051108 7,492,690 400,893 SH   SOLE   400,893 0 0
Pepco Holdings Inc COM 713291102 27,950,055 1,037,878 SH   SOLE   1,037,878 0 0
Platinum Underwriter Holdings L COM G7127P100 14,235,477 193,891 SH   SOLE   193,891 0 0
Prosensa Holdings N V SHS USD N71546100 10,029,544 534,909 SH   SOLE   534,909 0 0
Protective Life Corp. COM 743674103 178,487,040 2,562,628 SH   SOLE   2,562,628 0 0
Rockwood Holdings Inc. COM 774415103 84,058,954 1,066,738 SH   SOLE   1,066,738 0 0
Safeway Inc. COM NEW 786514208 177,017,338 5,040,357 SH   SOLE   5,040,357 0 0
Salesforce Com Inc. COM 79466L302 249,102 4,200 SH   SOLE   4,200 0 0
Sapient Corp. COM 803062108 96,546,392 3,880,482 SH   SOLE   3,880,482 0 0
Sigma Aldrich Corp COM 826552101 45,410,563 330,812 SH   SOLE   330,812 0 0
Steris Corp. COM 859152100 414,651 6,394 SH   SOLE   6,394 0 0
Susquehanna Bancshares Inc. P COM 869099101 16,098,863 1,198,724 SH   SOLE   1,198,724 0 0
Teleflex Inc. COM 879369106 409,104 3,563 SH   SOLE   3,563 0 0
T Mobile US Inc. COM 872590954 81,008 195,200 SH   SOLE   195,200 0 0
T Mobile US Inc. COM 872590104 8,020,173 297,705 SH   SOLE   297,705 0 0
TriQuint Semiconductor Inc. COM 89674K103 217,225,957 7,817,258 SH   SOLE   7,817,258 0 0
TRW Automotive Holdings Corp COM 87264s906 469,060 99,800 SH Call SOLE   99,800 0 0
TRW Automotive Holdings Corp COM 87264s106 96,062,311 934,004 SH   SOLE   934,004 0 0
Tyson Foods Inc. CL A 902494953 15,250 122,000 SH Put SOLE   122,000 0 0
Tyson Foods Inc. CL A 902494103 5,105,902 127,361 SH   SOLE   127,361 0 0
Valeant Pharmaceuticals Intl COM 91911K902 215,250 15,000 SH   SOLE   15,000 0 0
Viacom Inc New CL B 92553p201 1,188,423 15,793 SH   SOLE   15,793 0 0
Volcano Corporation NOTE 1.750% 12/0 928645AB6 9,752,703 9,845,000 PRN   SOLE   299,891 0 0
Volcano Corporation COM 928645100 55,717,942 3,116,216 SH   SOLE   3,116,216 0 0
Walter Energy Inc COM 93317Q105 59,064 42,800 SH   SOLE   42,800 0 0
Weatherford Intl Plc ORD SHS G48833100 5,922,993 517,292 SH   SOLE   517,292 0 0
Weatherford Intl Plc ORD SHS G48833950 24,388 195,100 SH   SOLE   195,100 0 0
YUM Brands Inc. COM 988498101 11,200,833 153,752 SH   SOLE   153,752 0 0
YUM Brands Inc. COM 988498951 4,392 97,600 SH Put SOLE   97,600 0 0
YUM Brands Inc. COM 988498951 32,175 97,500 SH Put SOLE   97,500 0 0