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
ACACIA RESH CORP ACACIA TCH COM 003881307 33,552 1,501,200 SH   SOLE   1,501,200 0 0
AGNICO EAGLE MINES LTD COM 008474108 11,278 409,500 SH   SOLE   409,500 0 0
ALCATEL-LUCENT SPONSORED ADR 013904305 167 92,000 SH   SOLE   92,000 0 0
ALTEVA COM 02153V102 636 64,327 SH   SOLE   64,327 0 0
AMERICAN ELEC PWR INC COM 025537101 224 5,000 SH   SOLE   5,000 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 692 15,475 SH   SOLE   15,475 0 0
AMERICAN RESIDENTIAL PPTYS I COM 02927E303 13,760 800,000 SH   SOLE   800,000 0 0
APOLLO GROUP INC CL A 037604105 9,084 512,617 SH   SOLE   512,617 0 0
APPLE INC COM 037833100 11,882 30,000 SH   SOLE   30,000 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L104 996 88,900 SH   SOLE   88,900 0 0
ARES CAP CORP COM 04010L103 676 39,291 SH   SOLE   39,291 0 0
ASBURY AUTOMOTIVE GROUP INC COM 043436104 401 10,000 SH   SOLE   10,000 0 0
ASSURED GUARANTY LTD COM G0585R106 110,179 4,994,500 SH   SOLE   4,994,500 0 0
AUXILIUM PHARMACEUTICALS INC COM 05334D107 8,107 487,500 SH   SOLE   487,500 0 0
BAIDU INC SPON ADR REP A 056752108 2,127 22,500 SH   SOLE   22,500 0 0
BANCO BRADESCO S A SP ADR PFD NEW 059460303 13,356 1,026,600 SH   SOLE   1,026,600 0 0
BANK MONTREAL QUE COM 063671101 12,534 216,000 SH   SOLE   216,000 0 0
BANK OF AMERICA CORPORATION COM 060505104 9,109 708,300 SH   SOLE   708,300 0 0
BERKSHIRE HILLS BANCORP INC COM 084680107 4,158 149,769 SH   SOLE   149,769 0 0
BEST BUY INC COM 086516101 2,678 98,000 SH   SOLE   98,000 0 0
BIOMARIN PHARMACEUTICAL INC COM 09061G101 128,671 2,306,354 SH   SOLE   2,306,354 0 0
BIOMARIN PHARMACEUTICAL INC NOTE 1.875% 4/2 09061GAD3 22,185 8,000,000 PRN   SOLE   8,000,000 0 0
BIOSPECIFICS TECHNOLOGIES CO COM 090931106 936 60,000 SH   SOLE   60,000 0 0
BUILD A BEAR WORKSHOP COM 120076104 425 70,000 SH   SOLE   70,000 0 0
BUNGE LIMITED COM G16962105 21,585 305,000 SH Put SOLE   305,000 0 0
CAPITOL FED FINL INC COM 14057J101 17,603 1,450,000 SH   SOLE   1,450,000 0 0
CATERPILLAR INC DEL COM 149123101 34,406 420,000 SH Put SOLE   420,000 0 0
CATHAY GENERAL BANCORP COM 149150104 1,197 58,799 SH   SOLE   58,799 0 0
CELGENE CORP RIGHT 12/31/2030 151020112 789 106,500 SH   SOLE   106,500 0 0
CHESAPEAKE LODGING TR SH BEN INT 165240102 48,750 2,344,861 SH   SOLE   2,344,861 0 0
CHINA UNICOM (HONG KONG) LTD SPONSORED ADR 16945R104 2,343 178,300 SH   SOLE   178,300 0 0
CITIGROUP INC COM NEW 172967424 546 11,390 SH   SOLE   11,390 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 196 7,700 SH   SOLE   7,700 0 0
CREDIT SUISSE GROUP SPONSORED ADR 225401108 46 1,730 SH   SOLE   1,730 0 0
CYTORI THERAPEUTICS INC COM 23283K105 69 30,000 SH   SOLE   30,000 0 0
DEALERTRACK HLDGS INC COM 242309102 2,129 60,100 SH   SOLE   60,100 0 0
DONNELLEY R R & SONS CO COM 257867101 3,002 214,260 SH   SOLE   214,260 0 0
DYNAVAX TECHNOLOGIES CORP COM 268158102 1,980 1,800,000 SH   SOLE   1,800,000 0 0
E TRADE FINANCIAL CORP COM NEW 269246401 1,094 86,400 SH   SOLE   86,400 0 0
ENERNOC INC COM 292764107 3,239 244,258 SH   SOLE   244,258 0 0
ERA GROUP INC COM 26885G109 16,989 649,673 SH   SOLE   649,673 0 0
EXCO RESOURCES INC COM 269279402 1,209 158,267 SH   SOLE   158,267 0 0
EXELIXIS INC COM 30161Q104 395 87,000 SH   SOLE   87,000 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 114,091 1,849,400 SH   SOLE   1,849,400 0 0
FIRST SOLAR INC COM 336433107 3,010 67,300 SH   SOLE   67,300 0 0
FIRST SOLAR INC COM 336433107 13,891 310,000 SH Put SOLE   310,000 0 0
FIRST SOLAR INC COM 336433107 4,929 110,000 SH Call SOLE   110,000 0 0
FORBES ENERGY SVCS LTD COM 345143101 57 14,233 SH   SOLE   14,233 0 0
FOSSIL GROUP INC COM 34988V106 692 6,700 SH   SOLE   6,700 0 0
GENERAL ELECTRIC CO COM 369604103 7,762 334,700 SH   SOLE   334,700 0 0
GOOGLE INC CL A 38259P508 77,429 87,950 SH   SOLE   87,950 0 0
GROUP 1 AUTOMOTIVE INC COM 398905109 643 10,000 SH   SOLE   10,000 0 0
HARVEST NATURAL RESOURCES IN COM 41754V103 5,961 1,922,782 SH   SOLE   1,922,782 0 0
HILLTOP HOLDINGS INC COM 432748101 4,920 300,000 SH   SOLE   300,000 0 0
HSBC HLDGS PLC SPON ADR NEW 404280406 4,004 77,150 SH   SOLE   77,150 0 0
ICICI BK LTD ADR 45104G104 61,563 1,609,500 SH   SOLE   1,609,500 0 0
ICICI BK LTD ADR 45104G104 11,475 300,000 SH Call SOLE   300,000 0 0
INDEPENDENCE HLDG CO NEW COM NEW 453440307 6,908 584,467 SH   SOLE   584,467 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 2,676 14,000 SH   SOLE   14,000 0 0
INVACARE CORP COM 461203101 8,386 583,962 SH   SOLE   583,962 0 0
ISHARES TR BARCLYS 20+ YR 464287432 23,192 210,000 SH   SOLE   210,000 0 0
ISHARES TR MSCI EMERG MKT 464287234 33,033 858,000 SH Call SOLE   858,000 0 0
ISHARES TR FTSE CHINA25 IDX 464287184 9,756 300,000 SH Call SOLE   300,000 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 34,638 2,680,997 SH   SOLE   2,680,997 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 9,295 720,000 SH Call SOLE   720,000 0 0
ITT EDUCATIONAL SERVICES INC COM 45068B109 6,066 248,600 SH   SOLE   248,600 0 0
JPMORGAN CHASE & CO COM 46625H100 2,816 53,343 SH   SOLE   53,343 0 0
KB HOME COM 48666K109 2,976 151,600 SH   SOLE   151,600 0 0
LCA-VISION INC COM PAR $.001 501803308 770 255,000 SH   SOLE   255,000 0 0
LENDER PROCESSING SVCS INC COM 52602E102 40,761 1,260,000 SH   SOLE   1,260,000 0 0
LIBERTY GLOBAL INC COM SER A 530555101 83,510 1,127,372 SH   SOLE   1,127,372 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 41,021 604,228 SH   SOLE   604,228 0 0
LILLY ELI & CO COM 532457108 59,190 1,205,000 SH Call SOLE   1,205,000 0 0
MACYS INC COM 55616P104 37,882 789,200 SH   SOLE   789,200 0 0
MAKO SURGICAL CORP COM 560879108 60 5,000 SH   SOLE   5,000 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 7,813 320,000 SH   SOLE   320,000 0 0
MASTERCARD INC CL A 57636Q104 75,891 132,100 SH   SOLE   132,100 0 0
MCCLATCHY CO CL A 579489105 198 86,700 SH   SOLE   86,700 0 0
MDC PARTNERS INC CL A SUB VTG 552697104 4,356 241,442 SH   SOLE   241,442 0 0
MEDCATH CORP COM 58404W109 179 125,000 SH   SOLE   125,000 0 0
MERCK & CO INC NEW COM 58933Y105 11,659 251,000 SH   SOLE   251,000 0 0
MGP INGREDIENTS INC NEW COM 55303J106 3,539 593,797 SH   SOLE   593,797 0 0
MICROSTRATEGY INC CL A NEW 594972408 2,017 23,200 SH   SOLE   23,200 0 0
NATIONAL OILWELL VARCO INC COM 637071101 99,285 1,441,000 SH   SOLE   1,441,000 0 0
NATIONAL OILWELL VARCO INC COM 637071101 14,469 210,000 SH Call SOLE   210,000 0 0
NETAPP INC COM 64110D104 83,872 2,220,000 SH   SOLE   2,220,000 0 0
NORDION INC COM 65563C105 5,994 810,000 SH   SOLE   810,000 0 0
NPS PHARMACEUTICALS INC COM 62936P103 1,208 80,000 SH   SOLE   80,000 0 0
OMTHERA PHARMACEUTICALS INC COM 68217A103 2,128 160,000 SH   SOLE   160,000 0 0
OREXIGEN THERAPEUTICS INC COM 686164104 117 20,000 SH   SOLE   20,000 0 0
PENFORD CORP COM 707051108 13,861 1,035,151 SH   SOLE   1,035,151 0 0
PENN NATL GAMING INC COM 707569109 46,999 889,100 SH   SOLE   889,100 0 0
PENNEY J C INC COM 708160106 14,886 871,561 SH   SOLE   871,561 0 0
QUALCOMM INC COM 747525103 84,291 1,380,000 SH   SOLE   1,380,000 0 0
QUALCOMM INC COM 747525103 43,985 720,000 SH Put SOLE   720,000 0 0
QUALCOMM INC COM 747525103 9,774 160,000 SH Call SOLE   160,000 0 0
QUALSTAR CORP COM 74758R109 1,169 834,901 SH   SOLE   834,901 0 0
QUANTUM CORP COM DSSG 747906204 14,984 10,937,315 SH   SOLE   10,937,315 0 0
REALPAGE INC COM 75606N109 2,751 150,000 SH   SOLE   150,000 0 0
SANOFI SPONSORED ADR 80105N105 99,414 1,930,001 SH   SOLE   1,930,001 0 0
SEACOR HOLDINGS INC COM 811904101 21,561 259,613 SH   SOLE   259,613 0 0
SEALED AIR CORP NEW COM 81211K100 16,693 697,000 SH   SOLE   697,000 0 0
SHUTTERFLY INC COM 82568P304 4,240 76,000 SH   SOLE   76,000 0 0
SI FINL GROUP INC MD COM 78425V104 767 69,369 SH   SOLE   69,369 0 0
SIGA TECHNOLOGIES INC COM 826917106 57 20,000 SH   SOLE   20,000 0 0
SL GREEN RLTY CORP COM 78440X101 829 9,400 SH   SOLE   9,400 0 0
SLM CORP COM 78442P106 15,722 687,771 SH   SOLE   687,771 0 0
SONIC AUTOMOTIVE INC CL A 83545G102 317 15,000 SH   SOLE   15,000 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 17,873 150,000 SH   SOLE   150,000 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 85,759 720,000 SH Call SOLE   720,000 0 0
SPECTRUM PHARMACEUTICALS INC COM 84763A108 112 15,000 SH   SOLE   15,000 0 0
STANDARD PAC CORP NEW COM 85375C101 38,852 4,664,068 SH   SOLE   4,664,068 0 0
TATA MTRS LTD SPONSORED ADR 876568502 4,500 192,000 SH   SOLE   192,000 0 0
TEMPUR PEDIC INTL INC COM 88023U101 623 14,200 SH   SOLE   14,200 0 0
TESLA MTRS INC COM 88160R101 5,368 50,000 SH Call SOLE   50,000 0 0
TESSERA TECHNOLOGIES INC COM 88164L100 86,420 4,154,813 SH   SOLE   4,154,813 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 16,464 420,000 SH   SOLE   420,000 0 0
TEXTRON INC COM 883203101 16,646 639,000 SH   SOLE   639,000 0 0
TFS FINL CORP COM 87240R107 25,880 2,310,711 SH   SOLE   2,310,711 0 0
THOR INDS INC COM 885160101 1,279 26,000 SH   SOLE   26,000 0 0
TIVO INC COM 888706108 66,538 6,021,500 SH   SOLE   6,021,500 0 0
TRANSOCEAN LTD REG SHS H8817H100 4,113 85,782 SH   SOLE   85,782 0 0
TUMI HLDGS INC COM 89969Q104 50,718 2,113,246 SH   SOLE   2,113,246 0 0
UNILEVER N V N Y SHS NEW 904784709 15,119 384,600 SH   SOLE   384,600 0 0
UNITED RENTALS INC COM 911363109 3,525 70,629 SH   SOLE   70,629 0 0
UNITED THERAPEUTICS CORP DEL COM 91307C102 20,215 307,130 SH   SOLE   307,130 0 0
VERINT SYS INC COM 92343X100 16,959 478,124 SH   SOLE   478,124 0 0
VERISIGN INC SDCV 3.250% 8/1 92343EAD4 46,809 33,154,000 PRN   SOLE   33,154,000 0 0
VERISIGN INC COM 92343E102 20,146 451,100 SH   SOLE   451,100 0 0
VISA INC COM CL A 92826C839 52,358 286,500 SH   SOLE   286,500 0 0
VIVUS INC COM 928551100 126 10,000 SH   SOLE   10,000 0 0
WALGREEN CO COM 931422109 77,748 1,759,000 SH   SOLE   1,759,000 0 0
WALTER INVT MGMT CORP COM 93317W102 79,831 2,361,169 SH   SOLE   2,361,169 0 0
WEBMD HEALTH CORP COM 94770V102 294 10,000 SH   SOLE   10,000 0 0
YAMANA GOLD INC COM 98462Y100 6,134 645,000 SH   SOLE   645,000 0 0
ZIONS BANCORPORATION COM 989701107 2,483 85,965 SH   SOLE   85,965 0 0