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 86 11,000 SH   SOLE 0 11,000 0 0
AARONS INC COM PAR $0.50 002535300 224 8,000 SH   SOLE 0 8,000 0 0
ARBOR RLTY TR INC COM 038923108 226 36,000 SH   SOLE 0 36,000 0 0
AMERICAN CAP LTD COM 02503Y103 139 11,000 SH   SOLE 0 11,000 0 0
ACE LTD SHS H0023R105 224 2,500 SH   SOLE 0 2,500 0 0
ACCESS MIDSTREAM PARTNERS L UNIT 00434L109 1,035 21,700 SH   SOLE 0 21,700 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 259 3,600 SH   SOLE 0 3,600 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 241 3,500 SH   SOLE 0 3,500 0 0
ALLIANCE DATA SYSTEMS CORP COM 018581108 235 1,300 SH   SOLE 0 1,300 0 0
THE ADT CORPORATION COM 00101J106 259 6,500 SH   SOLE 0 6,500 0 0
ADTRAN INC COM 00738A106 332 13,500 SH   SOLE 0 13,500 0 0
AEGON N V NY REGISTRY SH 007924103 138 20,426 SH   SOLE 0 20,426 0 0
AMERICAN ELEC PWR INC COM 025537101 1,097 24,500 SH   SOLE 0 24,500 0 0
AGL RES INC COM 001204106 236 5,500 SH   SOLE 0 5,500 0 0
AGRIUM INC COM 008916108 217 2,500 SH   SOLE 0 2,500 0 0
ARLINGTON ASSET INVT CORP CL A NEW 041356205 9,359 350,000 SH   SOLE 0 350,000 0 0
APOLLO INVT CORP COM 03761U106 5,358 692,300 SH   SOLE 0 692,300 0 0
ASSURANT INC COM 04621X108 255 5,000 SH   SOLE 0 5,000 0 0
AUTOLIV INC COM 052800109 271 3,500 SH   SOLE 0 3,500 0 0
APOLLO RESIDENTIAL MTG INC COM 03763V102 4,640 281,759 SH   SOLE 0 281,759 0 0
AON PLC SHS CL A G0408V102 219 3,400 SH   SOLE 0 3,400 0 0
AMERICAN PUBLIC EDUCATION IN COM 02913V103 249 6,700 SH   SOLE 0 6,700 0 0
ARES CAP CORP COM 04010L103 12,126 705,000 SH   SOLE 0 705,000 0 0
AMERICAN RLTY CAP PPTYS INC COM 02917T104 1,747 114,500 SH   SOLE 0 114,500 0 0
APOLLO COML REAL EST FIN INC COM 03762U105 3,058 192,600 SH   SOLE 0 192,600 0 0
ATLAS RESOURCE PARTNERS LP COM UNT LTD PR 04941A101 2,781 127,000 SH   SOLE 0 127,000 0 0
AMERICA FIRST TAX EX IVS L P BEN UNIT CTF 02364V107 3,400 500,000 SH   SOLE 0 500,000 0 0
ATMI INC COM 00207R101 244 10,300 SH   SOLE 0 10,300 0 0
AVIVA PLC ADR 05382A104 271 26,000 SH   SOLE 0 26,000 0 0
AIRCASTLE LTD COM G0129K104 872 54,500 SH   SOLE 0 54,500 0 0
BOEING CO COM 097023105 205 2,000 SH   SOLE 0 2,000 0 0
SPDR SERIES TRUST BRCLY CP US BD 78464A276 416 7,500 SH   SOLE 0 7,500 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 216 6,000 SH   SOLE 0 6,000 0 0
BAXTER INTL INC COM 071813109 277 4,000 SH   SOLE 0 4,000 0 0
BREITBURN ENERGY PARTNERS LP COM UT LTD PTN 106776107 995 54,500 SH   SOLE 0 54,500 0 0
BCE INC COM NEW 05534B760 746 18,200 SH   SOLE 0 18,200 0 0
BE AEROSPACE INC COM 073302101 284 4,500 SH   SOLE 0 4,500 0 0
FRANKLIN RES INC COM 354613101 218 1,600 SH   SOLE 0 1,600 0 0
BIO RAD LABS INC CL A 090572207 281 2,500 SH   SOLE 0 2,500 0 0
BLACKROCK KELSO CAPITAL CORP COM 092533108 1,966 210,000 SH   SOLE 0 210,000 0 0
POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 421 17,000 SH   SOLE 0 17,000 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 290 6,500 SH   SOLE 0 6,500 0 0
BP PLC SPONSORED ADR 055622104 292 7,000 SH   SOLE 0 7,000 0 0
BROADRIDGE FINL SOLUTIONS IN COM 11133T103 399 15,000 SH   SOLE 0 15,000 0 0
BRF - BRASIL FOODS S A SPONSORED ADR 10552T107 241 11,100 SH   SOLE 0 11,100 0 0
BRUKER CORP COM 116794108 174 10,800 SH   SOLE 0 10,800 0 0
BLACKROCK CREDIT ALL INC TR COM 092508100 906 69,790 SH   SOLE 0 69,790 0 0
BAZAARVOICE INC COM 073271108 193 20,500 SH   SOLE 0 20,500 0 0
CONAGRA FOODS INC COM 205887102 227 6,500 SH   SOLE 0 6,500 0 0
CHICAGO BRIDGE & IRON CO N V N Y REGISTRY SH 167250109 251 4,200 SH   SOLE 0 4,200 0 0
CF INDS HLDGS INC COM 125269100 206 1,200 SH   SOLE 0 1,200 0 0
ISHARES TR BARCLYS CR BD 464288620 398 3,700 SH   SOLE 0 3,700 0 0
COLFAX CORP COM 194014106 214 4,100 SH   SOLE 0 4,100 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 973 18,800 SH   SOLE 0 18,800 0 0
CHIMERA INVT CORP COM 16934Q109 5,850 1,950,000 SH   SOLE 0 1,950,000 0 0
CIRCOR INTL INC COM 17273K109 229 4,500 SH   SOLE 0 4,500 0 0
COLGATE PALMOLIVE CO COM 194162103 974 17,000 SH   SOLE 0 17,000 0 0
CORE LABORATORIES N V COM N22717107 273 1,800 SH   SOLE 0 1,800 0 0
CORELOGIC INC COM 21871D103 255 11,000 SH   SOLE 0 11,000 0 0
CALAMOS ASSET MGMT INC CL A 12811R104 126 12,000 SH   SOLE 0 12,000 0 0
COLUMBUS MCKINNON CORP N Y COM 199333105 260 12,200 SH   SOLE 0 12,200 0 0
CME GROUP INC COM 12572Q105 1,109 14,600 SH   SOLE 0 14,600 0 0
CAPSTEAD MTG CORP COM NO PAR 14067E506 169 14,000 SH   SOLE 0 14,000 0 0
CMS ENERGY CORP COM 125896100 1,016 37,400 SH   SOLE 0 37,400 0 0
CENTENE CORP DEL COM 15135B101 215 4,100 SH   SOLE 0 4,100 0 0
COMPASS DIVERSIFIED HOLDINGS SHS BEN INT 20451Q104 10,623 606,000 SH   SOLE 0 606,000 0 0
COPART INC COM 217204106 216 7,000 SH   SOLE 0 7,000 0 0
CREE INC COM INVALID 249 3,900 SH   SOLE 0 3,900 0 0
SALESFORCE COM INC COM 79466L302 229 6,000 SH   SOLE 0 6,000 0 0
COSTAR GROUP INC COM 22160N109 232 1,800 SH   SOLE 0 1,800 0 0
COINSTAR INC COM 19259P300 235 4,000 SH   SOLE 0 4,000 0 0
CENOVUS ENERGY INC COM 15135U109 351 12,300 SH   SOLE 0 12,300 0 0
CHEVRON CORP NEW COM 166764100 272 2,300 SH   SOLE 0 2,300 0 0
DOMINION RES INC VA NEW COM 25746U109 2,125 37,400 SH   SOLE 0 37,400 0 0
NTT DOCOMO INC SPONS ADR 62942M201 188 12,000 SH   SOLE 0 12,000 0 0
DU PONT E I DE NEMOURS & CO COM INVALID 1,108 21,100 SH   SOLE 0 21,100 0 0
DINEEQUITY INC COM 254423106 950 13,800 SH   SOLE 0 13,800 0 0
DOW CHEM CO COM 260543103 1,255 39,000 SH   SOLE 0 39,000 0 0
AMDOCS LTD ORD G02602103 260 7,000 SH   SOLE 0 7,000 0 0
DUKE ENERGY CORP NEW COM NEW 26441C204 1,134 16,800 SH   SOLE 0 16,800 0 0
ISHARES INC ASIA PAC30 IDX 464286293 227 4,300 SH   SOLE 0 4,300 0 0
DYNEX CAP INC COM NEW 26817Q506 1,529 150,000 SH   SOLE 0 150,000 0 0
ENI S P A SPONSORED ADR 26874R108 1,170 28,500 SH   SOLE 0 28,500 0 0
ELLINGTON RESIDENTIAL MTG RE COM SHS BEN INT 288578107 2,674 149,800 SH   SOLE 0 149,800 0 0
ISHARES TR MSCI EMERG MKT 464287234 270 7,000 SH   SOLE 0 7,000 0 0
ELLINGTON FINANCIAL LLC COM 288522303 8,668 380,000 SH   SOLE 0 380,000 0 0
8 X 8 INC COM 282914100 171 20,800 SH   SOLE 0 20,800 0 0
NIC INC COM 62914B100 231 14,000 SH   SOLE 0 14,000 0 0
ISHARES INC EMKTS GRW IDX 464286467 253 5,000 SH   SOLE 0 5,000 0 0
ELAN PLC ADR 284131208 184 13,000 SH   SOLE 0 13,000 0 0
EMULEX CORP COM NEW 292475209 254 39,000 SH   SOLE 0 39,000 0 0
ENERSIS S A SPONSORED ADR 29274F104 196 12,000 SH   SOLE 0 12,000 0 0
ENERNOC INC COM 292764107 152 11,500 SH   SOLE 0 11,500 0 0
ENVESTNET INC COM 29404K106 337 13,700 SH   SOLE 0 13,700 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 2,250 36,200 SH   SOLE 0 36,200 0 0
ISHARES INC MSCI PAC J IDX 464286665 280 6,500 SH   SOLE 0 6,500 0 0
ERIE INDTY CO CL A 29530P102 279 3,500 SH   SOLE 0 3,500 0 0
EMBRAER S A SP ADR REP 4 COM 29082A107 310 8,400 SH   SOLE 0 8,400 0 0
ENSCO PLC SHS CLASS A G3157S106 291 5,000 SH   SOLE 0 5,000 0 0
ISHARES INC MSCI AUSTRALIA 464286103 271 12,000 SH   SOLE 0 12,000 0 0
ISHARES INC MSCI MALAYSIA 464286830 159 10,200 SH   SOLE 0 10,200 0 0
ISHARES INC MSCI SINGAPORE 464286673 294 23,000 SH   SOLE 0 23,000 0 0
ABERDEEN ASIA PACIFIC INCOM COM 003009107 2,003 323,000 SH   SOLE 0 323,000 0 0
FACEBOOK INC CL A 30303M102 249 10,000 SH   SOLE 0 10,000 0 0
FACTSET RESH SYS INC COM 303075105 204 2,000 SH   SOLE 0 2,000 0 0
FIDUS INVT CORP COM 316500107 6,532 349,100 SH   SOLE 0 349,100 0 0
FLUSHING FINL CORP COM 343873105 181 11,000 SH   SOLE 0 11,000 0 0
FLOWERS FOODS INC COM 343498101 238 10,800 SH   SOLE 0 10,800 0 0
FLY LEASING LTD SPONSORED ADR 34407D109 195 11,600 SH   SOLE 0 11,600 0 0
FINANCIAL ENGINES INC COM 317485100 283 6,200 SH   SOLE 0 6,200 0 0
FIFTH STREET FINANCE CORP COM 31678A103 10,325 988,000 SH   SOLE 0 988,000 0 0
FMC TECHNOLOGIES INC COM 30249U101 262 4,700 SH   SOLE 0 4,700 0 0
FULL CIRCLE CAP CORP COM 359671104 1,801 228,000 SH   SOLE 0 228,000 0 0
GARRISON CAP INC COM 366554103 2,172 140,842 SH   SOLE 0 140,842 0 0
GREATBATCH INC COM 39153L106 295 9,000 SH   SOLE 0 9,000 0 0
GOLUB CAP BDC INC COM 38173M102 3,010 172,000 SH   SOLE 0 172,000 0 0
GENERAL DYNAMICS CORP COM 369550108 219 2,800 SH   SOLE 0 2,800 0 0
WESTERN ASSET GLOBAL CP DEFI COM 95790C107 727 40,000 SH   SOLE 0 40,000 0 0
GENERAL ELECTRIC CO COM 369604103 1,113 48,000 SH   SOLE 0 48,000 0 0
GENERAL MLS INC COM 370334104 291 6,000 SH   SOLE 0 6,000 0 0
GOOGLE INC CL A 38259P508 220 250 SH   SOLE 0 250 0 0
GOVERNMENT PPTYS INCOME TR COM SHS BEN INT 38376A103 212 8,400 SH   SOLE 0 8,400 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 235 4,700 SH   SOLE 0 4,700 0 0
HARVEST CAP CR CORP COM 41753F109 1,388 92,000 SH   SOLE 0 92,000 0 0
HIMAX TECHNOLOGIES INC SPONSORED ADR 43289P106 219 42,000 SH   SOLE 0 42,000 0 0
HOME LN SERVICING SOLUTIONS ORD SHS G6648D109 4,387 183,000 SH   SOLE 0 183,000 0 0
HONDA MOTOR LTD AMERN SHS 438128308 201 5,400 SH   SOLE 0 5,400 0 0
HOME PROPERTIES INC COM 437306103 261 4,000 SH   SOLE 0 4,000 0 0
HELIOS MULTI SEC HI INC FD I COM NEW 42327Y202 419 73,300 SH   SOLE 0 73,300 0 0
HORACE MANN EDUCATORS CORP N COM 440327104 268 11,000 SH   SOLE 0 11,000 0 0
HNI CORP COM 404251100 289 8,000 SH   SOLE 0 8,000 0 0
HORIZON TECHNOLOGY FIN CORP COM 44045A102 4,122 300,000 SH   SOLE 0 300,000 0 0
HERCULES TECH GROWTH CAP INC COM 427096508 836 60,000 SH   SOLE 0 60,000 0 0
HERTZ GLOBAL HOLDINGS INC COM 42805T105 253 10,200 SH   SOLE 0 10,200 0 0
HEXCEL CORP NEW COM 428291108 272 8,000 SH   SOLE 0 8,000 0 0
MANAGED HIGH YIELD PLUS FD I COM 561911108 518 259,000 SH   SOLE 0 259,000 0 0
ISHARES TR HIGH YLD CORP 464288513 28,076 309,000 SH   SOLE 0 309,000 0 0
ADVISORSHARES TR PERITUS HG YLD 00768Y503 19,361 388,000 SH   SOLE 0 388,000 0 0
PIMCO ETF TR 0-5 HIGH YIELD 72201R783 20,770 202,300 SH   SOLE 0 202,300 0 0
ICONIX BRAND GROUP INC COM 451055107 388 13,200 SH   SOLE 0 13,200 0 0
ICU MED INC COM 44930G107 324 4,500 SH   SOLE 0 4,500 0 0
ISHARES TR DJ INTL SEL DIVD 464288448 223 7,000 SH   SOLE 0 7,000 0 0
IDEX CORP COM 45167R104 242 4,500 SH   SOLE 0 4,500 0 0
ISHARES TR S&P LTN AM 40 464287390 202 5,500 SH   SOLE 0 5,500 0 0
INTEL CORP COM 458140100 203 8,400 SH   SOLE 0 8,400 0 0
INTER PARFUMS INC COM 458334109 240 8,400 SH   SOLE 0 8,400 0 0
INTERSIL CORP CL A 46069S109 1,104 141,200 SH   SOLE 0 141,200 0 0
INTUITIVE SURGICAL INC COM NEW 46120E602 203 400 SH   SOLE 0 400 0 0
SPDR SERIES TRUST BRC HGH YLD BD 78464A417 28,528 722,400 SH   SOLE 0 722,400 0 0
JPMORGAN CHASE & CO COM 46625H100 370 7,000 SH   SOLE 0 7,000 0 0
KCAP FINL INC COM 48668E101 5,326 473,000 SH   SOLE 0 473,000 0 0
KEYCORP NEW COM 493267108 132 12,000 SH   SOLE 0 12,000 0 0
KKR FINANCIAL HLDGS LLC COM 48248A306 3,534 335,000 SH   SOLE 0 335,000 0 0
KIMBERLY CLARK CORP COM 494368103 243 2,500 SH   SOLE 0 2,500 0 0
KINDER MORGAN ENERGY PARTNER UT LTD PARTNER 494550106 1,068 12,500 SH   SOLE 0 12,500 0 0
CARMAX INC COM 143130102 203 4,400 SH   SOLE 0 4,400 0 0
COCA COLA CO COM 191216100 321 8,000 SH   SOLE 0 8,000 0 0
KRAFT FOODS GROUP INC COM 50076Q106 1,129 20,200 SH   SOLE 0 20,200 0 0
LAZARD LTD SHS A G54050102 209 6,500 SH   SOLE 0 6,500 0 0
LANDAUER INC COM 51476K103 618 12,800 SH   SOLE 0 12,800 0 0
LITTELFUSE INC COM 537008104 276 3,700 SH   SOLE 0 3,700 0 0
LACLEDE GROUP INC COM 505597104 297 6,500 SH   SOLE 0 6,500 0 0
LABORATORY CORP AMER HLDGS COM NEW 50540R409 250 2,500 SH   SOLE 0 2,500 0 0
LILLY ELI & CO COM 532457108 1,228 25,000 SH   SOLE 0 25,000 0 0
LIBERTY MEDIA CORP DELAWARE CL A 531229102 203 1,600 SH   SOLE 0 1,600 0 0
LOCKHEED MARTIN CORP COM 539830109 336 3,100 SH   SOLE 0 3,100 0 0
LOWES COS INC COM 548661107 245 6,000 SH   SOLE 0 6,000 0 0
LANDSTAR SYS INC COM 515098101 221 4,300 SH   SOLE 0 4,300 0 0
LIBERTY INTERACTIVE CORP LBT VENT COM A 53071M880 289 3,400 SH   SOLE 0 3,400 0 0
LIVE NATION ENTERTAINMENT IN COM 538034109 268 17,300 SH   SOLE 0 17,300 0 0
MACYS INC COM 55616P104 216 4,500 SH   SOLE 0 4,500 0 0
MEDLEY CAP CORP COM 58503F106 6,294 463,500 SH   SOLE 0 463,500 0 0
MCDONALDS CORP COM 580135101 297 3,000 SH   SOLE 0 3,000 0 0
MCG CAPITAL CORP COM 58047P107 7,034 1,350,000 SH   SOLE 0 1,350,000 0 0
MDC PARTNERS INC CLA SUB VTG 552697104 189 10,500 SH   SOLE 0 10,500 0 0
MENTOR GRAPHICS CORP COM 587200106 203 10,400 SH   SOLE 0 10,400 0 0
MFA FINANCIAL INC COM 55272X102 2,958 350,000 SH   SOLE 0 350,000 0 0
MULTIMEDIA GAMES HLDG CO INC COM 625453105 287 11,000 SH   SOLE 0 11,000 0 0
MAIDEN HOLDINGS LTD SHS G5753U112 191 17,000 SH   SOLE 0 17,000 0 0
WESTERN ASSET MGD HI INCM F COM 95766L107 372 63,700 SH   SOLE 0 63,700 0 0
MIDDLEBY CORP COM 596278101 255 1,500 SH   SOLE 0 1,500 0 0
MOBILE MINI INC COM 60740F105 325 9,800 SH   SOLE 0 9,800 0 0
AG MTG INVT TR INC COM 001228105 5,643 300,000 SH   SOLE 0 300,000 0 0
MARKEL CORP COM 570535104 211 400 SH   SOLE 0 400 0 0
MUELLER INDS INC COM 624756102 232 4,600 SH   SOLE 0 4,600 0 0
ALTRIA GROUP INC COM 02209S103 297 8,500 SH   SOLE 0 8,500 0 0
MONROE CAP CORP COM 610335101 267 17,831 SH   SOLE 0 17,831 0 0
MERCK & CO INC COM 589331107 1,310 28,200 SH   SOLE 0 28,200 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L104 112 10,000 SH   SOLE 0 10,000 0 0
M & T BK CORP COM 55261F104 279 2,500 SH   SOLE 0 2,500 0 0
AMERICAN CAP MTG INVT CORP COM 02504A104 3,121 173,700 SH   SOLE 0 173,700 0 0
MITSUBISHI UFJ FINL GROUP IN SPONSORED ADR 606822104 137 22,000 SH   SOLE 0 22,000 0 0
MAXIM INTEGRATED PRODS INC COM 57772K101 208 7,500 SH   SOLE 0 7,500 0 0
MYERS INDS INC COM 628464109 161 10,700 SH   SOLE 0 10,700 0 0
NEWCASTLE INVT CORP COM 65105M108 1,831 350,000 SH   SOLE 0 350,000 0 0
NEWMONT MINING CORP COM 651639106 899 30,000 SH   SOLE 0 30,000 0 0
NEWMARKET CORP COM 651587107 210 800 SH   SOLE 0 800 0 0
NATIONAL GRID PLC SPON ADR NEW 636274300 1,054 18,600 SH   SOLE 0 18,600 0 0
NGP CAP RES CO COM 62912R107 1,247 203,393 SH   SOLE 0 203,393 0 0
NEW MTN FIN CORP COM 647551100 4,489 317,000 SH   SOLE 0 317,000 0 0
NORTHSTAR RLTY FIN CORP COM 66704R100 7,999 879,000 SH   SOLE 0 879,000 0 0
NEW RESIDENTIAL INVT CORP COM 64828T102 2,966 440,000 SH   SOLE 0 440,000 0 0
NORFOLK SOUTHERN CORP COM 655844108 291 4,000 SH   SOLE 0 4,000 0 0
NETAPP INC COM 64110D104 272 7,200 SH   SOLE 0 7,200 0 0
NETEASE INC SPONSORED ADR 64110W102 246 3,900 SH   SOLE 0 3,900 0 0
NORTHWEST BANCSHARES INC MD COM 667340103 270 20,000 SH   SOLE 0 20,000 0 0
OCEANFIRST FINL CORP COM 675234108 311 20,000 SH   SOLE 0 20,000 0 0
OFS CAP CORP COM 67103B100 129 10,800 SH   SOLE 0 10,800 0 0
OMEGA HEALTHCARE INVS INC COM 681936100 310 10,000 SH   SOLE 0 10,000 0 0
ONE LIBERTY PPTYS INC COM 682406103 2,007 91,377 SH   SOLE 0 91,377 0 0
OMNICELL INC COM 68213N109 226 11,000 SH   SOLE 0 11,000 0 0
ORACLE CORP COM 68389X105 237 7,700 SH   SOLE 0 7,700 0 0
PAYCHEX INC COM 704326107 292 8,000 SH   SOLE 0 8,000 0 0
PRECISION CASTPARTS CORP COM 740189105 339 1,500 SH   SOLE 0 1,500 0 0
PDF SOLUTIONS INC COM 693282105 304 16,500 SH   SOLE 0 16,500 0 0
MEDNAX INC COM 58502B106 275 3,000 SH   SOLE 0 3,000 0 0
PUBLIC SVC ENTERPRISE GROUP COM 744573106 996 30,500 SH   SOLE 0 30,500 0 0
PEPSICO INC COM 713448108 998 12,200 SH   SOLE 0 12,200 0 0
PENNANTPARK FLOATING RATE CA COM 70806A106 2,863 202,456 SH   SOLE 0 202,456 0 0
PROCTER & GAMBLE CO COM 742718109 231 3,000 SH   SOLE 0 3,000 0 0
PREMIERE GLOBAL SVCS INC COM 740585104 223 18,500 SH   SOLE 0 18,500 0 0
PARK OHIO HLDGS CORP COM 700666100 241 7,300 SH   SOLE 0 7,300 0 0
PHILIP MORRIS INTL INC COM 718172109 1,061 12,250 SH   SOLE 0 12,250 0 0
PENNANTPARK INVT CORP COM 708062104 5,658 512,000 SH   SOLE 0 512,000 0 0
PEPCO HOLDINGS INC COM 713291102 968 48,000 SH   SOLE 0 48,000 0 0
POTASH CORP SASK INC COM 73755L107 1,087 28,500 SH   SOLE 0 28,500 0 0
PPG INDS INC COM 693506107 264 1,800 SH   SOLE 0 1,800 0 0
PPL CORP COM 69351T106 605 20,000 SH   SOLE 0 20,000 0 0
PARTNERRE LTD COM G6852T105 362 4,000 SH   SOLE 0 4,000 0 0
PAREXEL INTL CORP COM 699462107 299 6,500 SH   SOLE 0 6,500 0 0
PROSPECT CAPITAL CORPORATION COM 74348T102 3,132 290,000 SH   SOLE 0 290,000 0 0
PRICESMART INC COM 741511109 219 2,500 SH   SOLE 0 2,500 0 0
QUALCOMM INC COM 747525103 214 3,500 SH   SOLE 0 3,500 0 0
REYNOLDS AMERICAN INC COM 761713106 798 16,500 SH   SOLE 0 16,500 0 0
RAIT FINANCIAL TRUST COM NEW 749227609 3,008 400,000 SH   SOLE 0 400,000 0 0
RAVEN INDS INC COM 754212108 201 6,700 SH   SOLE 0 6,700 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 606 9,500 SH   SOLE 0 9,500 0 0
RESOURCES CONNECTION INC COM 76122Q105 220 19,000 SH   SOLE 0 19,000 0 0
ROCKWOOD HLDGS INC COM 774415103 243 3,800 SH   SOLE 0 3,800 0 0
ROSE ROCK MIDSTREAM L P COM U REP LTD 777149105 487 13,309 SH   SOLE 0 13,309 0 0
RESOURCE CAP CORP COM 76120W302 3,979 647,000 SH   SOLE 0 647,000 0 0
RAYONIER INC COM 754907103 249 4,500 SH   SOLE 0 4,500 0 0
BANCO SANTANDER SA ADR 05964H105 100 15,381 SH   SOLE 0 15,381 0 0
SILVER BAY RLTY TR CORP COM 82735Q102 316 19,090 SH   SOLE 0 19,090 0 0
ISHARES INC JAPAN SML CAP 464286582 223 4,500 SH   SOLE 0 4,500 0 0
STELLUS CAP INVT CORP COM 858568108 2,166 143,900 SH   SOLE 0 143,900 0 0
ISHARES TR MSCI SMALL CAP 464288273 231 5,500 SH   SOLE 0 5,500 0 0
SEADRILL LIMITED SHS G7945E105 3,382 83,000 SH   SOLE 0 83,000 0 0
SHIP FINANCE INTERNATIONAL L SHS G81075106 3,562 240,000 SH   SOLE 0 240,000 0 0
SIGNET JEWELERS LIMITED SHS G81276100 263 3,900 SH   SOLE 0 3,900 0 0
SPDR SER TRUST CAP S/T HI YLD 78468R408 12,027 398,500 SH   SOLE 0 398,500 0 0
SOLAR CAP LTD COM 83413U100 13,057 565,500 SH   SOLE 0 565,500 0 0
SIMS METAL MANAGEMENT LTD SPONS ADR 829160100 108 14,300 SH   SOLE 0 14,300 0 0
CHINA PETE & CHEM CORP SPON ADR H SHS 16941R108 201 2,200 SH   SOLE 0 2,200 0 0
SANOFI AVENTIS SPONSORED ADR 80105N105 258 5,000 SH   SOLE 0 5,000 0 0
SOUTHERN CO COM 842587107 1,147 26,000 SH   SOLE 0 26,000 0 0
SONOCO PRODS CO COM 835495102 228 6,600 SH   SOLE 0 6,600 0 0
SUBURBAN PROPANE PARTNERS L UNIT LTD PARTN 864482104 218 4,700 SH   SOLE 0 4,700 0 0
SPIRIT RLTY CAP INC COM 84860F109 3,232 182,400 SH   SOLE 0 182,400 0 0
SIMPSON MANUFACTURING CO INC COM 829073105 209 7,100 SH   SOLE 0 7,100 0 0
SASOL LTD SPONSORED ADR 803866300 217 5,000 SH   SOLE 0 5,000 0 0
STUDENT TRANSN INC COM 86388A108 2,933 480,000 SH   SOLE 0 480,000 0 0
STATE AUTO FINL CORP COM 855707105 236 13,000 SH   SOLE 0 13,000 0 0
STEEL DYNAMICS INC COM 858119100 224 15,000 SH   SOLE 0 15,000 0 0
STARZ LIBRTY CAP COM A 85571Q102 225 10,200 SH   SOLE 0 10,200 0 0
STARWOOD PPTY TR INC COM 85571B105 4,109 166,000 SH   SOLE 0 166,000 0 0
SOLAR SR CAP LTD COM 83416M105 2,117 115,000 SH   SOLE 0 115,000 0 0
SCHWEITZER-MAUDUIT INTL INC COM 808541106 200 4,000 SH   SOLE 0 4,000 0 0
SAFEWAY INC COM NEW 786514208 1,022 43,200 SH   SOLE 0 43,200 0 0
SYNGENTA AG SPONSORED ADR 87160A100 234 3,000 SH   SOLE 0 3,000 0 0
SYSCO CORP COM 871829107 325 9,500 SH   SOLE 0 9,500 0 0
AT & T CORP COM 00206R102 1,257 35,500 SH   SOLE 0 35,500 0 0
TRANSALTA CORP COM 89346D107 140 10,200 SH   SOLE 0 10,200 0 0
TAL INTL GROUP INC COM 874083108 1,054 24,200 SH   SOLE 0 24,200 0 0
MEDALLION FINL CORP COM 583928106 181 13,000 SH   SOLE 0 13,000 0 0
TRUEBLUE INC COM 89785X101 253 12,000 SH   SOLE 0 12,000 0 0
TRIANGLE CAP CORP COM 895848109 2,476 90,000 SH   SOLE 0 90,000 0 0
TCP CAP CORP COM 87238Q103 8,127 484,600 SH   SOLE 0 484,600 0 0
THL CR INC COM 872438106 9,114 600,000 SH   SOLE 0 600,000 0 0
TORONTO DOMINION BK ONT COM NEW 891160509 281 3,500 SH   SOLE 0 3,500 0 0
TELEDYNE TECHNOLOGIES INC COM 879360105 232 3,000 SH   SOLE 0 3,000 0 0
TELEFONICA S A SPONSORED ADR 879382208 141 11,000 SH   SOLE 0 11,000 0 0
TREDEGAR CORP COM 894650100 213 8,300 SH   SOLE 0 8,300 0 0
TRIUMPH GROUP INC NEW COM 896818101 237 3,000 SH   SOLE 0 3,000 0 0
MARKET VECTORS ETF TR HI YLD TREA BD 57061R775 284 11,500 SH   SOLE 0 11,500 0 0
THOR INDS INC COM 885160101 246 5,000 SH   SOLE 0 5,000 0 0
TICC CAPITAL CORP COM 87244T109 3,242 337,000 SH   SOLE 0 337,000 0 0
TEAM INC COM 878155100 220 5,800 SH   SOLE 0 5,800 0 0
TANGOE INC COM 87582Y108 250 16,200 SH   SOLE 0 16,200 0 0
ISHARES TR MSCI KOKUSAI 464288265 208 4,600 SH   SOLE 0 4,600 0 0
TOTAL S A SPONSORED ADR 89151E109 1,169 24,000 SH   SOLE 0 24,000 0 0
TRIPADVISOR INC COM 896945201 237 3,900 SH   SOLE 0 3,900 0 0
SPEEDWAY MOTORSPORTS INC COM 847788106 365 21,000 SH   SOLE 0 21,000 0 0
TRIMBLE NAVIGATION LTD COM INVALID 208 8,000 SH   SOLE 0 8,000 0 0
TRANSCANADA CORP COM 89353D107 259 6,000 SH   SOLE 0 6,000 0 0
TRIMAS CORP COM NEW 896215209 212 5,700 SH   SOLE 0 5,700 0 0
TRACTOR SUPPLY CO COM 892356106 235 2,000 SH   SOLE 0 2,000 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 256 14,000 SH   SOLE 0 14,000 0 0
TRADE STR RESIDENTIAL INC COM NEW 89255N203 106 12,000 SH   SOLE 0 12,000 0 0
TORO CO COM 891092108 204 4,500 SH   SOLE 0 4,500 0 0
GRUPO TELEVISA SA DE CV SP ADR REP ORD 40049J206 236 9,500 SH   SOLE 0 9,500 0 0
TOWERS WATSON & CO CL A 891894107 303 3,700 SH   SOLE 0 3,700 0 0
TWO HBRS INVT CORP COM 90187B101 4,008 391,000 SH   SOLE 0 391,000 0 0
UFP TECHNOLOGIES INC COM 902673102 196 10,000 SH   SOLE 0 10,000 0 0
ULTA SALON COSMETICS & FRAG I COM 90384S303 240 2,400 SH   SOLE 0 2,400 0 0
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 399 4,800 SH   SOLE 0 4,800 0 0
VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775 201 4,550 SH   SOLE 0 4,550 0 0
VANGUARD NATURAL RESOURCES L COM UNIT 92205F106 1,136 40,700 SH   SOLE 0 40,700 0 0
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 1,603 55,800 SH   SOLE 0 55,800 0 0
VANGUARD INTL EQUITY INDEX F MSCI PAC ETF 922042866 279 5,000 SH   SOLE 0 5,000 0 0
VALIDUS HOLDINGS LTD COM SHS G9319H102 1,084 30,000 SH   SOLE 0 30,000 0 0
VIRTUS INVT PARTNERS INC COM 92828Q109 212 1,200 SH   SOLE 0 1,200 0 0
VERTEX PHARMACEUTICALS INC COM 92532F100 232 2,900 SH   SOLE 0 2,900 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 310 3,600 SH   SOLE 0 3,600 0 0
VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF 922042742 284 5,500 SH   SOLE 0 5,500 0 0
WABTEC CORP COM 929740108 267 5,000 SH   SOLE 0 5,000 0 0
WASTE CONNECTIONS INC COM 941053100 247 6,000 SH   SOLE 0 6,000 0 0
WESTERN DIGITAL CORP COM 958102105 279 4,500 SH   SOLE 0 4,500 0 0
WENDYS CO COM 95058W100 146 25,000 SH   SOLE 0 25,000 0 0
WHITEHORSE FIN INC COM 96524V106 7,088 450,000 SH   SOLE 0 450,000 0 0
WIPRO LTD SPON ADR 1 SH 97651M109 197 27,000 SH   SOLE 0 27,000 0 0
WASTE MGMT INC DEL COM 94106L109 484 12,000 SH   SOLE 0 12,000 0 0
WILLIAMS COS INC DEL COM 969457100 929 28,600 SH   SOLE 0 28,600 0 0
WESTERN ASSET MTG CAP CORP COM 95790D105 2,619 150,000 SH   SOLE 0 150,000 0 0
WNS HOLDINGS LTD SPON ADR 92932M101 199 11,900 SH   SOLE 0 11,900 0 0
VCA ANTECH INC COM 918194101 235 9,000 SH   SOLE 0 9,000 0 0
WESTERN UN CO COM 959802109 1,044 61,000 SH   SOLE 0 61,000 0 0
YANDEX N V SHS CLASS A N97284108 274 9,900 SH   SOLE 0 9,900 0 0
ZEBRA TECHNOLOGIES CORP CL A 989207105 222 5,100 SH   SOLE 0 5,100 0 0
ZAIS FINL CORP COM 98886K108 7,268 400,000 SH   SOLE 0 400,000 0 0