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
3M CO COM 88579Y101 1,611 14,733 SH   SOLE 0 14,733 0 0
ABBOTT LABS COM 002824100 803 23,017 SH   SOLE 0 23,017 0 0
ABM INDS INC COM 000957100 385 15,728 SH   SOLE 0 15,728 0 0
ACETO CORP COM 004446100 600 43,041 SH   SOLE 0 43,041 0 0
ADOBE SYS INC COM 00724F101 232 5,100 SH   SOLE 0 5,100 0 0
ADVENT SOFTWARE INC COM 007974108 249 7,100 SH   SOLE 0 7,100 0 0
AECOM TECHNOLOGY CORP DELAWA COM 00766T100 1,018 32,014 SH   SOLE 0 32,014 0 0
AEGEAN MARINE PETROLEUM NETW SHS Y0017S102 5,468 590,509 SH   SOLE 0 590,509 0 0
AERCAP HOLDINGS NV SHS N00985106 4,474 256,242 SH   SOLE 0 256,242 0 0
AIR TRANSPORT SERVICES GRP I COM 00922R105 535 80,940 SH   SOLE 0 80,940 0 0
AK STL HLDG CORP COM 001547108 305 100,404 SH   SOLE 0 100,404 0 0
ALCATEL-LUCENT SPONSORED ADR 013904305 2,214 1,216,400 SH   SOLE 0 1,216,400 0 0
ALLEGHENY TECHNOLOGIES INC COM 01741R102 862 32,750 SH   SOLE 0 32,750 0 0
ALLIANCE DATA SYSTEMS CORP NOTE 4.750% 5/1 018581AC2 19,058 5,000,000 PRN   SOLE 0 5,000,000 0 0
ALLIANCE DATA SYSTEMS CORP NOTE 1.750% 8/0 018581AD0 221,519 97,193,000 PRN   SOLE 0 97,193,000 0 0
ALLIED NEVADA GOLD CORP COM 019344100 292 45,000 SH   SOLE 0 45,000 0 0
ALTISOURCE PORTFOLIO SOLNS S REG SHS L0175J104 917 9,750 SH   SOLE 0 9,750 0 0
ALTRA HOLDINGS INC COM 02208R106 602 22,000 SH   SOLE 0 22,000 0 0
AMBAC FINL GROUP INC *W EXP 04/30/202 023139116 1,482 121,500 SH   SOLE 0 121,500 0 0
AMBAC FINL GROUP INC COM NEW 023139884 15,989 670,955 SH   SOLE 0 670,955 0 0
AMERCO COM 023586100 1,842 11,377 SH   SOLE 0 11,377 0 0
AMERICAN CAP LTD COM 02503Y103 25,024 1,975,089 SH   SOLE 0 1,975,089 0 0
AMERICAN CAP MTG INVT CORP COM 02504A104 10,454 581,768 SH   SOLE 0 581,768 0 0
AMERICAN CAPITAL AGENCY CORP COM 02503X105 7,292 317,183 SH   SOLE 0 317,183 0 0
AMERICAN ELEC PWR INC COM 025537101 228 5,100 SH   SOLE 0 5,100 0 0
AMERICAN INTL GROUP INC CALL 026874904 535 2,500 SH Put SOLE 0 2,500 0 0
AMERICAN NATL INS CO COM 028591105 538 5,405 SH   SOLE 0 5,405 0 0
AMERIPRISE FINL INC COM 03076C106 289 3,577 SH   SOLE 0 3,577 0 0
AMERISOURCEBERGEN CORP COM 03073E105 240 4,300 SH   SOLE 0 4,300 0 0
AMKOR TECHNOLOGY INC COM 031652100 211 50,001 SH   SOLE 0 50,001 0 0
ANWORTH MORTGAGE ASSET CP COM 037347101 4,320 771,507 SH   SOLE 0 771,507 0 0
APOLLO GLOBAL MGMT LLC CL A SHS 037612306 775 32,174 SH   SOLE 0 32,174 0 0
APOLLO RESIDENTIAL MTG INC COM 03763V102 1,995 121,052 SH   SOLE 0 121,052 0 0
APPLE INC COM 037833100 1,180 2,979 SH   SOLE 0 2,979 0 0
APPLIED MATLS INC COM 038222105 560 37,549 SH   SOLE 0 37,549 0 0
ASCENT CAP GROUP INC COM SER A 043632108 579 7,418 SH   SOLE 0 7,418 0 0
ASHFORD HOSPITALITY TR INC COM SHS 044103109 2,498 218,172 SH   SOLE 0 218,172 0 0
ASPEN TECHNOLOGY INC COM 045327103 1,756 61,000 SH   SOLE 0 61,000 0 0
ASSURED GUARANTY LTD COM G0585R106 1,886 85,500 SH   SOLE 0 85,500 0 0
ATMEL CORP COM 049513104 768 104,500 SH   SOLE 0 104,500 0 0
AUTOZONE INC COM 053332102 838 1,977 SH   SOLE 0 1,977 0 0
AV HOMES INC NOTE 7.500% 2/1 00234PAB8 18,343 14,979,000 PRN   SOLE 0 14,979,000 0 0
AVAGO TECHNOLOGIES LTD SHS Y0486S104 1,028 27,500 SH   SOLE 0 27,500 0 0
AVATAR HLDGS INC NOTE 7.500% 2/1 053494AG5 3,101 2,773,000 PRN   SOLE 0 2,773,000 0 0
AXCELIS TECHNOLOGIES INC COM 054540109 118 64,700 SH   SOLE 0 64,700 0 0
B/E AEROSPACE INC COM 073302101 1,577 25,002 SH   SOLE 0 25,002 0 0
BALL CORP COM 058498106 1,289 31,031 SH   SOLE 0 31,031 0 0
BANK OF AMERICA CORPORATION COM 060505104 1,121 87,166 SH   SOLE 0 87,166 0 0
BANK OF AMERICA CORPORATION CALL 060505904 2,757 15,610 SH Put SOLE 0 15,610 0 0
BARD C R INC COM 067383109 1,796 16,526 SH   SOLE 0 16,526 0 0
BARNES & NOBLE INC COM 067774109 2,713 170,012 SH   SOLE 0 170,012 0 0
BARRETT BILL CORP COM 06846N104 516 25,537 SH   SOLE 0 25,537 0 0
BARRETT BUSINESS SERVICES IN COM 068463108 440 8,428 SH   SOLE 0 8,428 0 0
BARRICK GOLD CORP COM 067901108 236 15,000 SH   SOLE 0 15,000 0 0
BED BATH & BEYOND INC COM 075896100 1,056 14,896 SH   SOLE 0 14,896 0 0
BELDEN INC COM 077454106 964 19,304 SH   SOLE 0 19,304 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 380 3,399 SH   SOLE 0 3,399 0 0
BERRY PLASTICS GROUP INC COM 08579W103 882 39,944 SH   SOLE 0 39,944 0 0
BEST BUY INC COM 086516101 383 14,028 SH   SOLE 0 14,028 0 0
BIG 5 SPORTING GOODS CORP COM 08915P101 987 44,977 SH   SOLE 0 44,977 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 718 34,098 SH   SOLE 0 34,098 0 0
BMC SOFTWARE INC COM 055921100 319 7,076 SH   SOLE 0 7,076 0 0
BOISE INC COM 09746Y105 1,017 119,115 SH   SOLE 0 119,115 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 486 35,923 SH   SOLE 0 35,923 0 0
CACHE INC COM NEW 127150308 47 10,500 SH   SOLE 0 10,500 0 0
CACI INTL INC CL A 127190304 307 4,832 SH   SOLE 0 4,832 0 0
CAPITOL ACQUISITION CORP II UNIT 99/99/9999 14056V204 741 73,456 SH   SOLE 0 73,456 0 0
CARDINAL HEALTH INC COM 14149Y108 236 5,000 SH   SOLE 0 5,000 0 0
CEMEX SAB DE CV NOTE 3.250% 3/1 151290BB8 12,845 10,500,000 PRN   SOLE 0 10,500,000 0 0
CENVEO INC COM 15670S105 472 221,512 SH   SOLE 0 221,512 0 0
CHEMED CORP NEW NOTE 1.875% 5/1 16359RAC7 4,741 4,500,000 PRN   SOLE 0 4,500,000 0 0
CHESAPEAKE ENERGY CORP COM 165167107 543 26,642 SH   SOLE 0 26,642 0 0
CHIPOTLE MEXICAN GRILL INC COM 169656105 474 1,300 SH   SOLE 0 1,300 0 0
CISCO SYS INC COM 17275R102 2,567 105,594 SH   SOLE 0 105,594 0 0
CITIGROUP INC COM NEW 172967424 282 5,875 SH   SOLE 0 5,875 0 0
COACH INC COM 189754104 881 15,438 SH   SOLE 0 15,438 0 0
COLGATE PALMOLIVE CO COM 194162103 888 15,500 SH   SOLE 0 15,500 0 0
COLONY FINL INC COM 19624R106 814 40,900 SH   SOLE 0 40,900 0 0
COMMUNITY HEALTH SYS INC NEW COM 203668108 1,225 26,131 SH   SOLE 0 26,131 0 0
COMPUCREDIT HLDGS CORP NOTE 5.875%11/3 20478NAD2 4,314 10,114,000 PRN   SOLE 0 10,114,000 0 0
CONNS INC COM 208242107 865 16,710 SH   SOLE 0 16,710 0 0
CORINTHIAN COLLEGES INC COM 218868107 1,330 593,528 SH   SOLE 0 593,528 0 0
CORNING INC COM 219350105 546 38,374 SH   SOLE 0 38,374 0 0
CRANE CO COM 224399105 1,958 32,678 SH   SOLE 0 32,678 0 0
CRAWFORD & CO CL A 224633206 232 45,750 SH   SOLE 0 45,750 0 0
CRUMBS BAKE SHOP INC *W EXP 05/05/201 228803110 5 52,340 SH   SOLE 0 52,340 0 0
CUMULUS MEDIA INC CL A 231082108 3,233 953,748 SH   SOLE 0 953,748 0 0
CYRUSONE INC COM 23283R100 1,029 49,600 SH   SOLE 0 49,600 0 0
DELL INC COM 24702R101 11,702 876,531 SH   SOLE 0 876,531 0 0
DELPHI AUTOMOTIVE PLC SHS G27823106 1,987 39,191 SH   SOLE 0 39,191 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 479 25,622 SH   SOLE 0 25,622 0 0
DELUXE CORP COM 248019101 4,431 127,871 SH   SOLE 0 127,871 0 0
DENNYS CORP COM 24869P104 2,106 374,806 SH   SOLE 0 374,806 0 0
DFC GLOBAL CORP COM 23324T107 7,564 547,718 SH   SOLE 0 547,718 0 0
DIGITAL RLTY TR INC COM 253868103 458 7,500 SH   SOLE 0 7,500 0 0
DILLARDS INC CL A 254067101 1,561 19,044 SH   SOLE 0 19,044 0 0
DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 13,281 190,650 SH   SOLE 0 190,650 0 0
DOLLAR GEN CORP NEW CALL 256677905 370 1,000 SH Put SOLE 0 1,000 0 0
DOLLAR TREE INC COM 256746108 1,326 26,090 SH   SOLE 0 26,090 0 0
DOMTAR CORP COM NEW 257559203 1,706 25,661 SH   SOLE 0 25,661 0 0
DONNELLEY R R & SONS CO COM 257867101 1,936 138,190 SH   SOLE 0 138,190 0 0
EBAY INC COM 278642103 2,188 42,300 SH   SOLE 0 42,300 0 0
EMERITUS CORP COM 291005106 2,384 102,831 SH   SOLE 0 102,831 0 0
EMERSON ELEC CO COM 291011104 1,017 18,644 SH   SOLE 0 18,644 0 0
ENCORE CAP GROUP INC COM 292554102 4,800 144,966 SH   SOLE 0 144,966 0 0
ENCORE CAP GROUP INC NOTE 3.000%11/2 292554AC6 23,826 19,706,000 PRN   SOLE 0 19,706,000 0 0
ENERSYS COM 29275Y102 1,958 39,926 SH   SOLE 0 39,926 0 0
ENI S P A SPONSORED ADR 26874R108 213 5,200 SH   SOLE 0 5,200 0 0
ENPRO INDS INC DBCV 3.938%10/1 29355XAB3 6,774 4,250,000 PRN   SOLE 0 4,250,000 0 0
ENSIGN GROUP INC COM 29358P101 1,453 41,268 SH   SOLE 0 41,268 0 0
ENTERCOM COMMUNICATIONS CORP CL A 293639100 689 72,998 SH   SOLE 0 72,998 0 0
ENTEROMEDICS INC COM NEW 29365M208 29 25,000 SH   SOLE 0 25,000 0 0
EPL OIL & GAS INC COM 26883D108 1,801 61,348 SH   SOLE 0 61,348 0 0
EQT CORP COM 26884L109 607 7,646 SH   SOLE 0 7,646 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 996 16,150 SH   SOLE 0 16,150 0 0
EXTREME NETWORKS INC COM 30226D106 747 216,596 SH   SOLE 0 216,596 0 0
EXXON MOBIL CORP COM 30231G102 1,235 13,669 SH   SOLE 0 13,669 0 0
EZCORP INC CL A NON VTG 302301106 2,543 150,681 SH   SOLE 0 150,681 0 0
FEDERAL AGRIC MTG CORP CL C 313148306 2,719 94,146 SH   SOLE 0 94,146 0 0
FEDEX CORP COM 31428X106 999 10,133 SH   SOLE 0 10,133 0 0
FIRST BANCORP P R COM NEW 318672706 756 106,803 SH   SOLE 0 106,803 0 0
FLAGSTAR BANCORP INC COM PAR .001 337930705 2,695 193,051 SH   SOLE 0 193,051 0 0
FLUOR CORP NEW COM 343412102 2,095 35,315 SH   SOLE 0 35,315 0 0
FLY LEASING LTD SPONSORED ADR 34407D109 943 55,961 SH   SOLE 0 55,961 0 0
FOOT LOCKER INC COM 344849104 1,150 32,738 SH   SOLE 0 32,738 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 748 48,334 SH   SOLE 0 48,334 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 816 29,544 SH   SOLE 0 29,544 0 0
FTI CONSULTING INC COM 302941109 879 26,740 SH   SOLE 0 26,740 0 0
GENERAL MLS INC COM 370334104 1,251 25,774 SH   SOLE 0 25,774 0 0
GENERAL MTRS CO COM 37045V100 675 20,274 SH   SOLE 0 20,274 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V118 118,399 4,933,286 SH   SOLE 0 4,933,286 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V126 3,026 185,083 SH   SOLE 0 185,083 0 0
GENTHERM INC COM 37253A103 3,117 167,832 SH   SOLE 0 167,832 0 0
GILEAD SCIENCES INC COM 375558103 919 17,937 SH   SOLE 0 17,937 0 0
GLOBALSTAR INC NOTE 8.000% 4/0 378973AD3 20,021 20,377,410 PRN   SOLE 0 20,377,410 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 567 3,749 SH   SOLE 0 3,749 0 0
GOLDMAN SACHS GROUP INC PUT 38141G954 400 816 SH Call SOLE 0 816 0 0
GOODYEAR TIRE & RUBR CO COM 382550101 670 43,812 SH   SOLE 0 43,812 0 0
GOOGLE INC CL A 38259P508 1,463 1,662 SH   SOLE 0 1,662 0 0
GRAN TIERRA ENERGY INC COM 38500T101 7,015 1,167,195 SH   SOLE 0 1,167,195 0 0
GRAVITY CO LTD SPONSORED ADR 38911N107 214 191,457 SH   SOLE 0 191,457 0 0
GT ADVANCED TECHNOLOGIES INC COM 36191U106 1,532 369,198 SH   SOLE 0 369,198 0 0
GULF RESOURCES INC COM PAR $0.0005 40251W309 111 95,714 SH   SOLE 0 95,714 0 0
HARBINGER GROUP INC COM 41146A106 2,104 279,100 SH   SOLE 0 279,100 0 0
HARMAN INTL INDS INC COM 413086109 2,157 39,800 SH   SOLE 0 39,800 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 420 13,597 SH   SOLE 0 13,597 0 0
HAVERTY FURNITURE INC COM 419596101 1,375 59,739 SH   SOLE 0 59,739 0 0
HAWAIIAN HOLDINGS INC NOTE 5.000% 3/1 419879AD3 9,132 8,248,000 PRN   SOLE 0 8,248,000 0 0
HCI GROUP INC COM 40416E103 1,873 60,969 SH   SOLE 0 60,969 0 0
HEARTLAND EXPRESS INC COM 422347104 1,033 74,463 SH   SOLE 0 74,463 0 0
HEICO CORP NEW CL A 422806208 1,726 46,771 SH   SOLE 0 46,771 0 0
HELMERICH & PAYNE INC COM 423452101 976 15,636 SH   SOLE 0 15,636 0 0
HERCULES TECH GROWTH CAP INC NOTE 6.000% 4/1 427096AB8 15,353 12,933,000 PRN   SOLE 0 12,933,000 0 0
HERTZ GLOBAL HOLDINGS INC NOTE 5.250% 6/0 42805TAA3 143,998 47,810,000 PRN   SOLE 0 47,810,000 0 0
HEWLETT PACKARD CO COM 428236103 231 9,300 SH   SOLE 0 9,300 0 0
HOOKER FURNITURE CORP COM 439038100 425 26,109 SH   SOLE 0 26,109 0 0
HUBBELL INC CL B 443510201 1,068 10,792 SH   SOLE 0 10,792 0 0
HUMANA INC COM 444859102 733 8,683 SH   SOLE 0 8,683 0 0
HUTCHINSON TECHNOLOGY INC NOTE 8.500% 1/1 448407AG1 11,735 12,015,000 PRN   SOLE 0 12,015,000 0 0
IAC INTERACTIVECORP COM PAR $.001 44919P508 648 13,626 SH   SOLE 0 13,626 0 0
IMAX CORP COM 45245E109 214 8,600 SH   SOLE 0 8,600 0 0
INFORMATICA CORP COM 45666Q102 231 6,600 SH   SOLE 0 6,600 0 0
ING U S INC COM 45685E106 380 14,026 SH   SOLE 0 14,026 0 0
INTEGRYS ENERGY GROUP INC COM 45822P105 246 4,200 SH   SOLE 0 4,200 0 0
INTEL CORP COM 458140100 1,574 64,982 SH   SOLE 0 64,982 0 0
INVESCO MORTGAGE CAPITAL INC COM 46131B100 1,606 96,982 SH   SOLE 0 96,982 0 0
IPG PHOTONICS CORP COM 44980X109 1,124 18,500 SH   SOLE 0 18,500 0 0
ISHARES TR NASDQ BIO INDX 464287556 13,255 76,232 SH   SOLE 0 76,232 0 0
ISHARES TR DJ US TECH SEC 464287721 10,830 147,083 SH   SOLE 0 147,083 0 0
JETBLUE AIRWAYS CORP COM 477143101 560 88,829 SH   SOLE 0 88,829 0 0
JETBLUE AIRWAYS CORP DBCV 5.500%10/1 477143AD3 24,746 17,392,000 PRN   SOLE 0 17,392,000 0 0
JETBLUE AIRWAYS CORP DBCV 5.500%10/1 477143AE1 63,608 41,061,000 PRN   SOLE 0 41,061,000 0 0
JETBLUE AIRWAYS CORP DBCV 6.750%10/1 477143AG6 18,347 12,086,000 PRN   SOLE 0 12,086,000 0 0
JOHNSON & JOHNSON COM 478160104 1,130 13,160 SH   SOLE 0 13,160 0 0
JOY GLOBAL INC COM 481165108 2,589 53,352 SH   SOLE 0 53,352 0 0
KAR AUCTION SVCS INC COM 48238T109 1,760 76,961 SH   SOLE 0 76,961 0 0
KENNAMETAL INC COM 489170100 237 6,100 SH   SOLE 0 6,100 0 0
KEYCORP NEW COM 493267108 828 75,000 SH   SOLE 0 75,000 0 0
KIMBERLY CLARK CORP COM 494368103 745 7,674 SH   SOLE 0 7,674 0 0
KKR & CO L P DEL COM UNITS 48248M102 1,048 53,323 SH   SOLE 0 53,323 0 0
KKR FINL HLDGS LLC COM 48248A306 5,653 535,863 SH   SOLE 0 535,863 0 0
KNIGHT CAP GROUP INC NOTE 3.500% 3/1 499005AE6 8,582 8,500,000 PRN   SOLE 0 8,500,000 0 0
KULICKE & SOFFA INDS INC COM 501242101 853 77,092 SH   SOLE 0 77,092 0 0
LEAP WIRELESS INTL INC COM NEW 521863308 620 92,113 SH   SOLE 0 92,113 0 0
LEAR CORP COM NEW 521865204 601 9,933 SH   SOLE 0 9,933 0 0
LENNAR CORP CL A 526057104 1,386 38,444 SH   SOLE 0 38,444 0 0
LEUCADIA NATL CORP NOTE 3.750% 4/1 527288AX2 23,263 18,302,000 PRN   SOLE 0 18,302,000 0 0
LILLY ELI & CO COM 532457108 1,013 20,622 SH   SOLE 0 20,622 0 0
LINCOLN NATL CORP IND COM 534187109 2,442 66,948 SH   SOLE 0 66,948 0 0
LIQUIDITY SERVICES INC COM 53635B107 1,300 37,500 SH   SOLE 0 37,500 0 0
LOWES COS INC COM 548661107 919 22,471 SH   SOLE 0 22,471 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 1,081 16,317 SH   SOLE 0 16,317 0 0
M & T BK CORP COM 55261F104 257 2,300 SH   SOLE 0 2,300 0 0
MAGNA INTL INC COM 559222401 670 9,401 SH   SOLE 0 9,401 0 0
MAGNACHIP SEMICONDUCTOR CORP COM 55933J203 1,778 97,300 SH   SOLE 0 97,300 0 0
MAIDEN HOLDINGS LTD SHS G5753U112 1,107 98,700 SH   SOLE 0 98,700 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 3,005 123,096 SH   SOLE 0 123,096 0 0
MARKET VECTORS ETF TR JR GOLD MINERS E 57060U589 1,985 216,704 SH   SOLE 0 216,704 0 0
MASTEC INC NOTE 4.000% 6/1 576323AL3 20,003 9,500,000 PRN   SOLE 0 9,500,000 0 0
MASTEC INC NOTE 4.250%12/1 576323AM1 12,032 5,577,000 PRN   SOLE 0 5,577,000 0 0
MATTSON TECHNOLOGY INC COM 577223100 371 170,000 SH   SOLE 0 170,000 0 0
MBIA INC COM 55262C100 11,759 883,440 SH   SOLE 0 883,440 0 0
MEDASSETS INC COM 584045108 1,096 61,775 SH   SOLE 0 61,775 0 0
MEDICINES CO COM 584688105 1,201 39,036 SH   SOLE 0 39,036 0 0
MEDTRONIC INC COM 585055106 1,904 36,984 SH   SOLE 0 36,984 0 0
METHODE ELECTRS INC COM 591520200 303 17,800 SH   SOLE 0 17,800 0 0
METLIFE INC COM 59156R108 3,921 85,697 SH   SOLE 0 85,697 0 0
MICROSOFT CORP COM 594918104 1,594 46,171 SH   SOLE 0 46,171 0 0
MILLENNIAL MEDIA INC COM 60040N105 1,227 140,915 SH   SOLE 0 140,915 0 0
MIMEDX GROUP INC COM 602496101 1,563 221,396 SH   SOLE 0 221,396 0 0
MOTORCAR PTS AMER INC COM 620071100 1,836 200,265 SH   SOLE 0 200,265 0 0
MYLAN INC NOTE 3.750% 9/1 628530AJ6 61,028 25,631,000 PRN   SOLE 0 25,631,000 0 0
NATIONAL OILWELL VARCO INC COM 637071101 1,034 15,000 SH   SOLE 0 15,000 0 0
NATIONAL RETAIL PPTYS INC COM 637417106 234 6,800 SH   SOLE 0 6,800 0 0
NATIONAL WESTN LIFE INS CO CL A 638522102 2,065 10,877 SH   SOLE 0 10,877 0 0
NATIONSTAR MTG HLDGS INC COM 63861C109 6,436 171,913 SH   SOLE 0 171,913 0 0
NAVIOS MARITIME ACQUIS CORP SHS Y62159101 1,042 307,334 SH   SOLE 0 307,334 0 0
NAVIOS MARITIME HOLDINGS INC COM Y62196103 1,424 254,308 SH   SOLE 0 254,308 0 0
NELNET INC CL A 64031N108 1,569 43,469 SH   SOLE 0 43,469 0 0
NEONODE INC COM NEW 64051M402 2,458 413,192 SH   SOLE 0 413,192 0 0
NEW RESIDENTIAL INVT CORP COM 64828T102 514 76,250 SH   SOLE 0 76,250 0 0
NEWMONT MINING CORP COM 651639106 3,358 112,132 SH   SOLE 0 112,132 0 0
NEWMONT MINING CORP PUT 651639956 823 1,622 SH Call SOLE 0 1,622 0 0
NEWS CORP CL B 65248E203 35,972 1,096,042 SH   SOLE 0 1,096,042 0 0
NORTHWEST BIOTHERAPEUTICS IN COM PAR $0.001 66737P600 2,540 760,415 SH   SOLE 0 760,415 0 0
NUVASIVE INC COM 670704105 821 33,100 SH   SOLE 0 33,100 0 0
OCWEN FINL CORP COM NEW 675746309 8,775 212,891 SH   SOLE 0 212,891 0 0
OGE ENERGY CORP COM 670837103 232 3,400 SH   SOLE 0 3,400 0 0
OMNICARE INC NOTE 3.750% 4/0 681904AP3 36,917 29,519,000 PRN   SOLE 0 29,519,000 0 0
OMNOVA SOLUTIONS INC COM 682129101 762 95,135 SH   SOLE 0 95,135 0 0
ONYX PHARMACEUTICALS INC NOTE 4.000% 8/1 683399AB5 54,659 23,848,000 PRN   SOLE 0 23,848,000 0 0
ORACLE CORP COM 68389X105 1,086 35,352 SH   SOLE 0 35,352 0 0
ORBITZ WORLDWIDE INC COM 68557K109 239 29,800 SH   SOLE 0 29,800 0 0
PANERA BREAD CO CL A 69840W108 547 2,944 SH   SOLE 0 2,944 0 0
PANTRY INC COM 698657103 5,075 416,637 SH   SOLE 0 416,637 0 0
PARK OHIO HLDGS CORP COM 700666100 985 29,881 SH   SOLE 0 29,881 0 0
PARKER DRILLING CO COM 701081101 713 143,103 SH   SOLE 0 143,103 0 0
PATRICK INDS INC COM 703343103 1,379 66,344 SH   SOLE 0 66,344 0 0
PDL BIOPHARMA INC NOTE 3.750% 5/0 69329YAC8 30,844 24,874,000 PRN   SOLE 0 24,874,000 0 0
PDL BIOPHARMA INC NOTE 2.875% 2/1 69329YAE4 46,957 34,269,000 PRN   SOLE 0 34,269,000 0 0
PENN VA CORP COM 707882106 1,957 416,350 SH   SOLE 0 416,350 0 0
PEPSICO INC COM 713448108 1,457 17,811 SH   SOLE 0 17,811 0 0
PEPSICO INC PUT 713448958 217 668 SH Call SOLE 0 668 0 0
PHH CORP COM NEW 693320202 827 40,600 SH   SOLE 0 40,600 0 0
POLARIS INDS INC COM 731068102 1,448 15,240 SH   SOLE 0 15,240 0 0
POWERSECURE INTL INC COM 73936N105 607 40,408 SH   SOLE 0 40,408 0 0
PRIMUS TELECOMMUNICATIONS GR COM 741929301 822 68,866 SH   SOLE 0 68,866 0 0
PROCTER & GAMBLE CO PUT 742718959 205 500 SH Call SOLE 0 500 0 0
PROLOGIS INC COM 74340W103 226 6,000 SH   SOLE 0 6,000 0 0
PROMOTORA DE INFORMACIONES S ADR CL B CONV 74343G303 2,637 2,354,629 SH   SOLE 0 2,354,629 0 0
PROSPECT CAPITAL CORPORATION MTNF 5.375%10/1 74348TAK8 519 500,000 PRN   SOLE 0 500,000 0 0
PULTE GROUP INC PUT 745867951 533 1,665 SH Call SOLE 0 1,665 0 0
QLOGIC CORP COM 747277101 657 68,751 SH   SOLE 0 68,751 0 0
QUALCOMM INC COM 747525103 712 11,651 SH   SOLE 0 11,651 0 0
RADIAN GROUP INC COM 750236101 2,119 182,400 SH   SOLE 0 182,400 0 0
RADNET INC COM 750491102 3,074 1,160,159 SH   SOLE 0 1,160,159 0 0
RANGE RES CORP COM 75281A109 852 11,016 SH   SOLE 0 11,016 0 0
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REDWOOD TR INC COM 758075402 3,089 181,707 SH   SOLE 0 181,707 0 0
REDWOOD TR INC NOTE 4.625% 4/1 758075AB1 1,497 1,500,000 PRN   SOLE 0 1,500,000 0 0
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REPUBLIC AWYS HLDGS INC COM 760276105 1,373 121,186 SH   SOLE 0 121,186 0 0
RITE AID CORP COM 767754104 2,494 872,113 SH   SOLE 0 872,113 0 0
SAFEGUARD SCIENTIFICS INC COM NEW 786449207 1,060 66,020 SH   SOLE 0 66,020 0 0
SAFEGUARD SCIENTIFICS INC DBCV 5.250% 5/1 786449AJ7 5,518 5,000,000 PRN   SOLE 0 5,000,000 0 0
SAFEWAY INC COM NEW 786514208 2,156 91,125 SH   SOLE 0 91,125 0 0
SALEM COMMUNICATIONS CORP DE CL A 794093104 221 29,455 SH   SOLE 0 29,455 0 0
SALESFORCE COM INC NOTE 0.750% 1/1 79466LAB0 54,243 29,901,000 PRN   SOLE 0 29,901,000 0 0
SALIX PHARMACEUTICALS INC COM 795435106 2,404 36,336 SH   SOLE 0 36,336 0 0
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SANOFI RIGHT 12/31/2020 80105N113 29,849 15,465,993 SH   SOLE 0 15,465,993 0 0
SBA COMMUNICATIONS CORP NOTE 4.000%10/0 78388JAM8 25,198 10,238,000 PRN   SOLE 0 10,238,000 0 0
SCHWEITZER-MAUDUIT INTL INC COM 808541106 2,907 58,275 SH   SOLE 0 58,275 0 0
SEALED AIR CORP NEW COM 81211K100 1,018 42,500 SH   SOLE 0 42,500 0 0
SELECT COMFORT CORP COM 81616X103 2,155 85,990 SH   SOLE 0 85,990 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 3,933 92,379 SH   SOLE 0 92,379 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 8,547 279,391 SH   SOLE 0 279,391 0 0
SELECT SECTOR SPDR TR CALL 81369Y900 298 5,000 SH Put SOLE 0 5,000 0 0
SELECT SECTOR SPDR TR CALL 81369Y903 327 25,233 SH Put SOLE 0 25,233 0 0
SELECT SECTOR SPDR TR CALL 81369Y904 600 25,000 SH Put SOLE 0 25,000 0 0
SELECT SECTOR SPDR TR PUT 81369Y950 1,245 5,000 SH Call SOLE 0 5,000 0 0
SILICON MOTION TECHNOLOGY CO SPONSORED ADR 82706C108 887 83,800 SH   SOLE 0 83,800 0 0
SILVER BAY RLTY TR CORP COM 82735Q102 381 22,997 SH   SOLE 0 22,997 0 0
SILVER WHEATON CORP COM 828336107 1,436 73,014 SH   SOLE 0 73,014 0 0
SIRONA DENTAL SYSTEMS INC COM 82966C103 889 13,500 SH   SOLE 0 13,500 0 0
SKYWORKS SOLUTIONS INC COM 83088M102 2,474 113,000 SH   SOLE 0 113,000 0 0
SODASTREAM INTERNATIONAL LTD USD SHS M9068E105 1,119 15,400 SH   SOLE 0 15,400 0 0
SOTHEBYS COM 835898107 667 17,605 SH   SOLE 0 17,605 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 30,030 187,675 SH   SOLE 0 187,675 0 0
SPDR S&P 500 ETF TR CALL 78462F903 289 994 SH Put SOLE 0 994 0 0
SPDR S&P 500 ETF TR PUT 78462F953 1,474 3,577 SH Call SOLE 0 3,577 0 0
SPECTRUM BRANDS HLDGS INC COM 84763R101 2,629 46,234 SH   SOLE 0 46,234 0 0
SPIRIT AIRLS INC COM 848577102 1,228 38,642 SH   SOLE 0 38,642 0 0
STAPLES INC COM 855030102 2,799 176,499 SH   SOLE 0 176,499 0 0
STARBUCKS CORP COM 855244109 979 14,956 SH   SOLE 0 14,956 0 0
STEINER LEISURE LTD ORD P8744Y102 1,172 22,176 SH   SOLE 0 22,176 0 0
STEWART INFORMATION SVCS COR COM 860372101 1,098 41,914 SH   SOLE 0 41,914 0 0
STILLWATER MNG CO COM 86074Q102 269 25,000 SH   SOLE 0 25,000 0 0
STONE ENERGY CORP COM 861642106 460 20,885 SH   SOLE 0 20,885 0 0
STONERIDGE INC COM 86183P102 475 40,835 SH   SOLE 0 40,835 0 0
STRATEGIC HOTELS & RESORTS I COM 86272T106 694 78,300 SH   SOLE 0 78,300 0 0
STRYKER CORP COM 863667101 1,197 18,509 SH   SOLE 0 18,509 0 0
SUNPOWER CORP DBCV 4.500% 3/1 867652AE9 4,721 4,000,000 PRN   SOLE 0 4,000,000 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 546 45,186 SH   SOLE 0 45,186 0 0
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SUPERVALU INC PUT 868536953 440 5,031 SH Call SOLE 0 5,031 0 0
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SYNAPTICS INC COM 87157D109 1,089 28,250 SH   SOLE 0 28,250 0 0
TEARLAB CORP COM 878193101 4,838 455,558 SH   SOLE 0 455,558 0 0
TECH DATA CORP COM 878237106 775 16,450 SH   SOLE 0 16,450 0 0
TENNECO INC COM 880349105 1,135 25,058 SH   SOLE 0 25,058 0 0
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TOWER GROUP INTL LTD COM G8988C105 516 25,169 SH   SOLE 0 25,169 0 0
TOWER INTL INC COM 891826109 1,509 76,237 SH   SOLE 0 76,237 0 0
TRAVELCENTERS OF AMERICA LLC COM 894174101 1,078 98,521 SH   SOLE 0 98,521 0 0
TRINA SOLAR LIMITED NOTE 4.000% 7/1 89628EAA2 1,716 1,704,000 PRN   SOLE 0 1,704,000 0 0
TRINITY BIOTECH PLC SPON ADR NEW 896438306 3,187 189,162 SH   SOLE 0 189,162 0 0
TRW AUTOMOTIVE HLDGS CORP COM 87264S106 460 6,917 SH   SOLE 0 6,917 0 0
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U S AIRWAYS GROUP INC COM 90341W108 10,485 638,545 SH   SOLE 0 638,545 0 0
U S AIRWAYS GROUP INC PUT 90341W958 643 1,904 SH Call SOLE 0 1,904 0 0
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UNITED CONTL HLDGS INC COM 910047109 356 11,372 SH   SOLE 0 11,372 0 0
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UNITED PARCEL SERVICE INC PUT 911312956 314 800 SH Call SOLE 0 800 0 0
UNITED RENTALS INC COM 911363109 3,644 73,010 SH   SOLE 0 73,010 0 0
UNITED TECHNOLOGIES CORP CALL 913017909 225 500 SH Put SOLE 0 500 0 0
UNITED TECHNOLOGIES CORP PUT 913017959 610 1,000 SH Call SOLE 0 1,000 0 0
UNITEDHEALTH GROUP INC COM 91324P102 2,005 30,620 SH   SOLE 0 30,620 0 0
USA TECHNOLOGIES INC *W EXP 12/31/201 90328S195 16 19,700 SH   SOLE 0 19,700 0 0
USA TECHNOLOGIES INC CONV PFD SER A 90328S203 316 16,656 SH   SOLE 0 16,656 0 0
USEC INC NOTE 3.000%10/0 90333EAC2 7,126 32,761,000 PRN   SOLE 0 32,761,000 0 0
VALASSIS COMMUNICATIONS INC COM 918866104 1,404 57,084 SH   SOLE 0 57,084 0 0
VALE S A ADR 91912E105 157 11,925 SH   SOLE 0 11,925 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 232 2,700 SH   SOLE 0 2,700 0 0
VALMONT INDS INC COM 920253101 982 6,862 SH   SOLE 0 6,862 0 0
VANTAGE DRILLING COMPANY ORD SHS G93205113 2,904 1,423,451 SH   SOLE 0 1,423,451 0 0
VASCULAR SOLUTIONS INC COM 92231M109 1,151 78,231 SH   SOLE 0 78,231 0 0
VECTOR GROUP LTD FRNT 11/1 92240MAS7 383 300,000 PRN   SOLE 0 300,000 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 877 17,416 SH   SOLE 0 17,416 0 0
VIROPHARMA INC COM 928241108 942 32,866 SH   SOLE 0 32,866 0 0
VITAMIN SHOPPE INC COM 92849E101 735 16,401 SH   SOLE 0 16,401 0 0
VITESSE SEMICONDUCTOR CORP DBCV 8.000% 6/1 928497AE6 14,495 13,650,324 PRN   SOLE 0 13,650,324 0 0
VONAGE HLDGS CORP COM 92886T201 565 199,488 SH   SOLE 0 199,488 0 0
VRINGO INC COM 92911N104 1,159 365,730 SH   SOLE 0 365,730 0 0
WABASH NATL CORP COM 929566107 982 96,500 SH   SOLE 0 96,500 0 0
WABCO HLDGS INC COM 92927K102 1,230 16,467 SH   SOLE 0 16,467 0 0
WATTS WATER TECHNOLOGIES INC CL A 942749102 1,115 24,586 SH   SOLE 0 24,586 0 0
WELLCARE HEALTH PLANS INC COM 94946T106 672 12,106 SH   SOLE 0 12,106 0 0
WELLPOINT INC COM 94973V107 628 7,671 SH   SOLE 0 7,671 0 0
WESTERN REFNG INC NOTE 5.750% 6/1 959319AC8 91,691 31,549,000 PRN   SOLE 0 31,549,000 0 0
WESTERN UN CO COM 959802109 618 36,120 SH   SOLE 0 36,120 0 0
WESTLAKE CHEM CORP COM 960413102 241 2,500 SH   SOLE 0 2,500 0 0
WRIGHT MED GROUP INC RIGHT 03/01/2019 98235T115 693 255,650 SH   SOLE 0 255,650 0 0
WSFS FINL CORP COM 929328102 449 8,567 SH   SOLE 0 8,567 0 0
YRC WORLDWIDE INC NOTE 10.000% 3/3 984249AB8 27,275 27,055,534 PRN   SOLE 0 27,055,534 0 0
ZEP INC COM 98944B108 840 53,075 SH   SOLE 0 53,075 0 0
ZIX CORP COM 98974P100 630 149,000 SH   SOLE 0 149,000 0 0
ZYNGA INC CL A 98986T108 1,613 580,263 SH   SOLE 0 580,263 0 0