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
ADIENT PLC ORD SHS G0084W101 3,509 41,780 SH   DFND   0 41,780 0
AGCO CORP COM 001084102 4,253 57,647 SH   DFND   0 57,647 0
AIR PRODS & CHEMS INC COM 009158106 4,905 32,437 SH   DFND 1 0 32,437 0
ALTABA INC COM 021346101 1,959 29,575 SH   DFND 2 0 29,575 0
ALTICE USA INC CL A 02156K103 796 29,158 SH   DFND   0 29,158 0
ATKORE INTL GROUP INC COM 047649108 450 23,085 SH   DFND 3 0 23,085 0
AVIANCA HLDGS SA SPON ADR REP PFD 05367G100 7,755 999,325 SH   DFND   0 999,325 0
BANC OF CALIFORNIA INC COM 05990K106 5,304 255,598 SH   DFND 3 0 255,598 0
BANK AMER CORP COM 060505104 1,627 64,224 SH   DFND 3 0 64,224 0
BANKFINANCIAL CORP COM 06643P104 1,527 96,085 SH   DFND   0 96,085 0
BARCLAYS BK PLC IPATH S&P500 VIX 06746L422 3,550 90,600 SH Call DFND   0 90,600 0
BBX CAP CORP NEW CL A 05491N104 4,823 654,404 SH   DFND   0 654,404 0
BOX INC CL A 10316T104 1,118 57,875 SH   DFND 3 0 57,875 0
C H ROBINSON WORLDWIDE INC COM NEW 12541W209 1,117 14,679 SH   DFND   0 14,679 0
CAESARS ACQUISITION CO CL A 12768T103 687 32,045 SH   DFND   0 32,045 0
CATERPILLAR INC DEL COM 149123101 2,962 23,751 SH   DFND   0 23,751 0
CF CORP SHS CL A G20307107 712 63,605 SH   DFND   0 63,605 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 1,512 4,160 SH   DFND   0 4,160 0
CIRCOR INTL INC COM 17273K109 1,138 20,901 SH   DFND   0 20,901 0
CLEAR CHANNEL OUTDOOR HLDGS CL A 18451C109 509 109,466 SH   DFND   0 109,466 0
COMCAST CORP NEW CL A 20030N101 1,800 46,785 SH   DFND   0 46,785 0
CREDICORP LTD COM G2519Y108 9,358 45,644 SH   DFND   0 45,644 0
CUMMINS INC COM 231021106 4,242 25,245 SH   DFND   0 25,245 0
DANA INCORPORATED COM 235825205 3,008 107,587 SH   DFND 3 0 107,587 0
DEERE & CO COM 244199105 4,272 34,012 SH   DFND   0 34,012 0
DELL TECHNOLOGIES INC COM CL V 24703L103 9,414 121,925 SH   DFND 4 0 121,925 0
DELPHI AUTOMOTIVE PLC SHS G27823106 2,149 21,837 SH   DFND   0 21,837 0
DISH NETWORK CORP NOTE 3.375% 8/1 25470MAB5 235 210 SH   DFND   0 210 0
DOVER CORP COM 260003108 2,088 22,845 SH   DFND   0 22,845 0
DOWDUPONT INC COM 26078J100 2,206 31,860 SH   DFND 2 0 31,860 0
EATON CORP PLC SHS G29183103 4,289 55,855 SH   DFND   0 55,855 0
ELDORADO RESORTS INC COM 28470R102 939 36,593 SH   DFND   0 36,593 0
ENEL AMERICAS S A SPONSORED ADR 29274F104 3,336 326,415 SH   DFND   0 326,415 0
ETF MANAGERS TR PRIME CYBR SCRTY 26924G201 617 20,483 SH   DFND   0 20,483 0
FIDELITY NATIONAL FINANCIAL FNFV GROUP COM 31620R402 1,481 86,348 SH   DFND   0 86,348 0
FIVE POINT HOLDINGS LLC COM CL A 33833Q106 4,947 362,666 SH   DFND   0 362,666 0
FORTIVE CORP COM 34959J108 2,118 29,926 SH   DFND   0 29,926 0
FRONTIER COMMUNICATIONS CORP PFD CONV SER-A 35906A207 295 15,315 SH   DFND   0 15,315 0
GARDNER DENVER HLDGS INC COM 36555P107 3,406 123,773 SH   DFND   0 123,773 0
HARRIS CORP DEL COM 413875105 2,131 16,183 SH   DFND   0 16,183 0
HEXCEL CORP NEW COM 428291108 3,219 56,057 SH   DFND   0 56,057 0
HONEYWELL INTL INC COM 438516106 3,148 22,213 SH   DFND   0 22,213 0
HUNTINGTON INGALLS INDS INC COM 446413106 2,162 9,547 SH   DFND   0 9,547 0
HUNTSMAN CORP COM 447011107 3,269 119,233 SH   DFND   0 119,233 0
INTELSAT S A COM L5140P101 256 54,530 SH   DFND   0 54,530 0
INTRICON CORP COM 46121H109 3,346 276,536 SH   DFND   0 276,536 0
ISHARES INC MSCI BRZ CAP ETF 464286400 9,914 237,811 SH   DFND   0 237,811 0
ISHARES TR 20 YR TR BD ETF 464287432 4,314 34,575 SH   DFND   0 34,575 0
ISHARES TR 20 YR TR BD ETF 464287432 25,452 204,000 SH Call DFND   0 204,000 0
ISHARES TR 20 YR TR BD ETF 464287432 23,891 191,500 SH Put DFND   0 191,500 0
ISHARES TR MSCI EMG MKT ETF 464287234 1,610 35,921 SH   DFND   0 35,921 0
ISHARES TR MSCI EMG MKT ETF 464287234 15,639 349,000 SH Put DFND   0 349,000 0
ISHARES TR RUSSELL 2000 ETF 464287655 24,094 162,600 SH Put DFND 1, 4 0 162,600 0
JOHNSON CTLS INTL PLC SHS G51502105 4,317 107,141 SH   DFND   0 107,141 0
KENNAMETAL INC COM 489170100 4,938 122,400 SH   DFND 3, 5 0 122,400 0
L3 TECHNOLOGIES INC COM 502413107 7,557 40,103 SH   DFND   0 40,103 0
LAUREATE EDUCATION INC CL A 518613203 6,773 465,496 SH   DFND 2 0 465,496 0
LIBERTY INTERACTIVE CORP LBT VEN COM A NE 53071M856 593 10,305 SH   DFND   0 10,305 0
MASCO CORP COM 574599106 1,064 27,268 SH   DFND   0 27,268 0
MERITOR INC COM 59001K100 3,416 131,352 SH   DFND 3 0 131,352 0
NEW YORK CMNTY BANCORP INC COM 649445103 1,878 145,665 SH   DFND   0 145,665 0
NEW YORK REIT INC COM 64976L109 2,372 302,200 SH   DFND   0 302,200 0
NEXEO SOLUTIONS INC *W EXP 06/09/202 65342H110 46 105,425 SH   DFND   0 105,425 0
NEXSTAR MEDIA GROUP INC CL A 65336K103 27,695 444,545 SH   DFND 2, 6 0 444,545 0
NII HLDGS INC COM PAR 62913F508 26 57,400 SH   DFND   0 57,400 0
NXP SEMICONDUCTORS N V COM N6596X109 98,738 873,096 SH   DFND 4 0 873,096 0
PENTAIR PLC SHS G7S00T104 2,113 31,093 SH   DFND   0 31,093 0
PINNACLE ENTMT INC NEW COM 72348Y105 2,334 109,522 SH   DFND 3 0 109,522 0
RAYTHEON CO COM NEW 755111507 4,309 23,093 SH   DFND   0 23,093 0
RESTAURANT BRANDS INTL INC COM 76131D103 1,224 19,157 SH   DFND   0 19,157 0
SANOFI RIGHT 12/31/2020 80105N113 139 386,900 SH   DFND   0 386,900 0
SELECT SECTOR SPDR TR ENERGY 81369Y506 44,991 657,000 SH Call DFND   0 657,000 0
SELECT SECTOR SPDR TR ENERGY 81369Y506 43,916 641,300 SH Put DFND   0 641,300 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 764 8,479 SH   DFND   0 8,479 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 7,607 294,157 SH   DFND   0 294,157 0
SHERWIN WILLIAMS CO COM 824348106 1,559 4,355 SH   DFND   0 4,355 0
SINCLAIR BROADCAST GROUP INC CL A 829226109 15,315 477,847 SH   DFND 6 0 477,847 0
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 6,371 28,467 SH   DFND   0 28,467 0
SPDR GOLD TRUST GOLD SHS 78463V107 5,992 49,286 SH   DFND   0 49,286 0
SPDR GOLD TRUST GOLD SHS 78463V107 42,321 348,100 SH Call DFND   0 348,100 0
SPDR GOLD TRUST GOLD SHS 78463V107 38,516 316,800 SH Put DFND   0 316,800 0
SPDR INDEX SHS FDS EURO STOXX 50 78463X202 1,634 39,618 SH   DFND   0 39,618 0
SPDR INDEX SHS FDS EURO STOXX 50 78463X202 12,742 308,900 SH Put DFND   0 308,900 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 13,811 54,973 SH   DFND   0 54,973 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 53,361 212,400 SH Put DFND 4 0 212,400 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 17,361 53,200 SH Call DFND   0 53,200 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 19,220 58,900 SH Put DFND   0 58,900 0
SPDR SERIES TRUST S&P METALS MNG 78464A755 506 15,735 SH   DFND   0 15,735 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 1,594 46,765 SH   DFND   0 46,765 0
SPDR SERIES TRUST S&P REGL BKG 78464A698 12,878 226,900 SH Call DFND   0 226,900 0
SPDR SERIES TRUST S&P REGL BKG 78464A698 10,871 191,500 SH Put DFND   0 191,500 0
SPDR SERIES TRUST S&P RETAIL ETF 78464A714 2,021 48,379 SH   DFND   0 48,379 0
SPDR SERIES TRUST S&P RETAIL ETF 78464A714 14,310 342,600 SH Put DFND   0 342,600 0
SYMANTEC CORP COM 871503108 1,166 35,525 SH   DFND   0 35,525 0
T MOBILE US INC COM 872590104 4,496 72,910 SH   DFND 2, 4 0 72,910 0
TEGNA INC COM 87901J105 706 52,930 SH   DFND   0 52,930 0
TERRAFORM PWR INC CL A COM 88104R100 1,505 113,826 SH   DFND   0 113,826 0
TIME WARNER INC COM NEW 887317303 85,477 834,325 SH   DFND 4 0 834,325 0
UNITED RENTALS INC COM 911363109 1,048 7,553 SH   DFND   0 7,553 0
UNITED TECHNOLOGIES CORP COM 913017109 2,177 18,753 SH   DFND   0 18,753 0
UNIVAR INC COM 91336L107 4,497 155,435 SH   DFND   0 155,435 0
VANECK VECTORS ETF TR RUSSIA ETF 92189F403 4,832 216,796 SH   DFND   0 216,796 0
VANECK VECTORS ETF TR SEMICONDUCTOR ET 92189F676 248 2,655 SH   DFND   0 2,655 0
VANGUARD INDEX FDS REIT ETF 922908553 801 9,635 SH   DFND   0 9,635 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 3,470 59,482 SH   DFND   0 59,482 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 20,899 358,300 SH Put DFND   0 358,300 0
VANTIV INC CL A 92210H105 1,036 14,699 SH   DFND 3 0 14,699 0
VISA INC COM CL A 92826C839 1,984 18,850 SH   DFND 3 0 18,850 0
VISTEON CORP COM NEW 92839U206 3,685 29,777 SH   DFND   0 29,777 0
WALTER INVT MGMT CORP COM 93317W102 33 56,400 SH   DFND   0 56,400 0
WASTE MGMT INC DEL COM 94106L109 3,243 41,433 SH   DFND   0 41,433 0
ZAYO GROUP HLDGS INC COM 98919V105 1,808 52,515 SH   DFND   0 52,515 0