ADEPT TECHNOLOGY INC COM NEW 006854202 7449 1034540 SH SOLE 1034540 0 0 ALCOA INC DEP SHS 1/10TH 013817309 791 20000 SH SOLE 20000 0 0 ALLERGAN PLC SHS G0177J108 23518 77500 SH SOLE 77500 0 0 ALTERA CORP COM 021441100 25702 502000 SH SOLE 502000 0 0 ANN INC COM 035623107 4829 100000 SH SOLE 100000 0 0 ASSOCIATED ESTATES RLTY CORP COM 045604105 2095 73166 SH SOLE 73166 0 0 BANCO SANTANDER SA ADR 05964H105 11536 1645610 SH SOLE 1645610 0 0 BARCLAYS PLC ADR 06738E204 4209 256001 SH SOLE 256001 0 0 BEAZER HOMES USA INC UNIT 07/15/2015 07556Q709 722 25500 SH SOLE 25500 0 0 BEAZER HOMES USA INC COM NEW 07556Q881 10408 521715 SH SOLE 521715 0 0 BHP BILLITON LTD SPONSORED ADR 088606108 3234 79450 SH SOLE 79450 0 0 BLUE BIRD CORP *W EXP 01/23/201 095306114 78 53704 SH SOLE 53704 0 0 BLUEROCK RESIDENT GR REIT IN COM CL A 09627J102 2532 200000 SH SOLE 200000 0 0 BOFI HLDG INC COM 05566U108 9078 85876 SH SOLE 85876 0 0 BROADCOM CORP CL A 111320107 13851 269000 SH SOLE 269000 0 0 CATAMARAN CORP COM 148887102 27156 444600 SH SOLE 444600 0 0 CATCHMARK TIMBER TR INC CL A 14912Y202 6556 566595 SH SOLE 566595 0 0 CELESTICA INC SUB VTG SHS 15101Q108 561 48169 SH SOLE 48169 0 0 CENTRAL EUROPEAN MEDIA NOTE 5.000%11/1 153443AH9 1952 1950000 SH SOLE 1950000 0 0 CENTURY CMNTYS INC COM 156504300 2528 125571 SH SOLE 125571 0 0 CENTURYLINK INC COM 156700106 2876 97900 SH SOLE 97900 0 0 CITY NATL CORP COM 178566105 16849 186400 SH SOLE 186400 0 0 CONCORDIA HEALTHCARE CORP COM 206519100 17205 238000 SH SOLE 238000 0 0 CURRENCYSHS BRIT POUND STER BRIT POUND STE 23129S106 2627 17055 SH SOLE 17055 0 0 CUSTOMERS BANCORP INC COM 23204G100 4520 168100 SH SOLE 168100 0 0 DIAMOND OFFSHORE DRILLING IN COM 25271C102 2725 105592 SH SOLE 105592 0 0 DIRECTV COM 25490A309 15459 166600 SH SOLE 166600 0 0 DRESSER-RAND GROUP INC COM 261608103 11823 138800 SH SOLE 138800 0 0 ELDORADO GOLD CORP NEW COM 284902103 830 200000 SH SOLE 200000 0 0 ELECTRUM SPL ACQUISITION COR UNIT 99/99/9999 G3105C120 3006 300000 SH SOLE 300000 0 0 ENSCO PLC SHS CLASS A G3157S106 3648 163800 SH SOLE 163800 0 0 EXPRESS INC COM 30219E103 13583 750000 SH SOLE 750000 0 0 FAMILY DLR STORES INC COM 307000109 7095 90022 SH SOLE 90022 0 0 FIAT CHRYSLER AUTOMOBILES N MAN COV SEC 16 N31738110 417 330000 SH SOLE 330000 0 0 FORD MTR CO DEL COM PAR $0.01 345370860 2976 198300 SH SOLE 198300 0 0 FREEPORT-MCMORAN INC CL B 35671D857 2995 160850 SH SOLE 160850 0 0 FREESCALE SEMICONDUCTOR LTD SHS G3727Q101 14298 357727 SH SOLE 357727 0 0 GENWORTH FINL INC COM CL A 37247D106 10329 1364500 SH SOLE 1364500 0 0 GOLDCORP INC NEW COM 380956409 893 55000 SH SOLE 55000 0 0 GOODYEAR TIRE & RUBR CO COM 382550101 14683 487000 SH SOLE 487000 0 0 GULFMARK OFFSHORE INC CL A NEW 402629208 174 15000 SH SOLE 15000 0 0 HARMONY MERGER CORP UNIT 99/99/9999 413247206 1778 175000 SH SOLE 175000 0 0 HCC INS HLDGS INC COM 404132102 6178 80400 SH SOLE 80400 0 0 HOSPIRA INC COM 441060100 26262 296040 SH SOLE 296040 0 0 HOVNANIAN ENTERPRISES INC CL A 442487203 8507 3197982 SH SOLE 3197982 0 0 IAC INTERACTIVECORP COM PAR $.001 44919P508 9957 125000 SH SOLE 125000 0 0 INFORMATICA CORP COM 45666Q102 9841 203029 SH SOLE 203029 0 0 INTREXON CORP COM 46122T102 4880 100000 SH SOLE 100000 0 0 JABIL CIRCUIT INC COM 466313103 18226 856100 SH SOLE 856100 0 0 JDS UNIPHASE CORP DBCV 0.625% 8/1 46612JAF8 987 1000000 SH SOLE 1000000 0 0 JPMORGAN CHASE & CO *W EXP 10/28/201 46634E114 26659 1077116 SH SOLE 1077116 0 0 KEYCORP NEW COM 493267108 6990 465400 SH SOLE 465400 0 0 KINROSS GOLD CORP COM NO PAR 496902404 1392 597300 SH SOLE 597300 0 0 LAKE SHORE GOLD CORP COM 510728108 1188 1158300 SH SOLE 1158300 0 0 LIBERTY BROADBAND CORP COM SER C 530307305 2963 57912 SH SOLE 57912 0 0 LIBERTY MEDIA CORP DELAWARE COM SER C 531229300 13822 385000 SH SOLE 385000 0 0 MAG SILVER CORP COM 55903Q104 4860 619700 SH SOLE 619700 0 0 MANULIFE FINL CORP COM 56501R106 216 11628 SH SOLE 11628 0 0 MATTEL INC COM 577081102 11435 445100 SH SOLE 445100 0 0 MCEWEN MNG INC COM 58039P107 1526 1600800 SH SOLE 1600800 0 0 M D C HLDGS INC COM 552676108 10084 336485 SH SOLE 336485 0 0 MERCK & CO INC NEW COM 58933Y105 228 4000 SH SOLE 4000 0 0 NOBLE CORP PLC SHS USD G65431101 5159 335217 SH SOLE 335217 0 0 NXP SEMICONDUCTORS N V COM N6596X109 13257 135000 SH SOLE 135000 0 0 OFFICE DEPOT INC COM 676220106 1645 190000 SH SOLE 190000 0 0 OMNICARE INC COM 681904108 24128 256000 SH SOLE 256000 0 0 PACIFIC ETHANOL INC COM PAR $.001 69423U305 8925 864780 SH SOLE 864780 0 0 PALL CORP COM 696429307 29221 234800 SH SOLE 234800 0 0 PARTNERRE LTD COM G6852T105 12272 95500 SH SOLE 95500 0 0 PATTERSON UTI ENERGY INC COM 703481101 2687 142812 SH SOLE 142812 0 0 PDL BIOPHARMA INC NOTE 4.000% 2/0 69329YAF1 953 1000000 SH SOLE 1000000 0 0 PRETIUM RES INC COM 74139C102 541 100000 SH SOLE 100000 0 0 QLT INC COM 746927102 537 130149 SH SOLE 130149 0 0 QORVO INC COM 74736K101 5783 72050 SH SOLE 72050 0 0 QUINPARIO ACQUISITION CORP 2 UNIT 01/01/2023 74874U200 4703 450000 SH SOLE 450000 0 0 REGIONS FINL CORP NEW COM 7591EP100 6077 586600 SH SOLE 586600 0 0 RENAISSANCERE HOLDINGS LTD COM G7496G103 330 3248 SH SOLE 3248 0 0 RESTAURANT BRANDS INTL INC COM 76131D103 33804 883343 SH SOLE 883343 0 0 REVOLUTION LIGHTING TECHNOLO COM 76155G107 1160 1000000 SH SOLE 1000000 0 0 RMG NETWORKS HLDG CORP COM 74966K102 851 1000000 SH SOLE 1000000 0 0 ROYAL BK SCOTLAND GROUP PLC SPONS ADR 20 ORD 780097689 47773 4315500 SH SOLE 4315500 0 0 ROYAL BK SCOTLAND GROUP PLC SP ADR PREF S 780097739 566 22694 SH SOLE 22694 0 0 SCHNITZER STL INDS CL A 806882106 6091 348655 SH SOLE 348655 0 0 SEADRILL LIMITED SHS G7945E105 924 89372 SH SOLE 89372 0 0 SIGMA ALDRICH CORP COM 826552101 17522 125744 SH SOLE 125744 0 0 SILVER WHEATON CORP COM 828336107 598 34500 SH SOLE 34500 0 0 SKYWORKS SOLUTIONS INC COM 83088M102 10618 102000 SH SOLE 102000 0 0 SUN LIFE FINL INC COM 866796105 1936 57947 SH SOLE 57947 0 0 SUNTRUST BKS INC COM 867914103 4414 102600 SH SOLE 102600 0 0 SUSQUEHANNA BANCSHARES INC P COM 869099101 7328 519006 SH SOLE 519006 0 0 SYNOVUS FINL CORP COM NEW 87161C501 20287 658231 SH SOLE 658231 0 0 TASEKO MINES LTD COM 876511106 4837 8751700 SH SOLE 8751700 0 0 TERRAPIN 3 ACQUISITION CORP UNIT 06/27/2019 88104P203 3144 300000 SH SOLE 300000 0 0 THOMPSON CREEK METALS CO INC COM 884768102 178 218000 SH SOLE 218000 0 0 TIME WARNER CABLE INC COM 88732J207 11581 65000 SH SOLE 65000 0 0 TRANSOCEAN LTD REG SHS H8817H100 1854 115000 SH SOLE 115000 0 0 UNISYS CORP COM NEW 909214306 12688 634700 SH SOLE 634700 0 0 VERTEX ENERGY INC COM 92534K107 561 236800 SH SOLE 236800 0 0 WEBMD HEALTH CORP NOTE 2.500% 1/3 94770VAF9 1023 1000000 SH SOLE 1000000 0 0 WELLS FARGO & CO NEW COM 949746101 2846 50600 SH SOLE 50600 0 0 WEYERHAEUSER CO PREF CONV SER A 962166872 1820 35000 SH SOLE 35000 0 0 WILLIAMS PARTNERS L P NEW COM UNIT LTD PAR 96949L105 14116 291482 SH SOLE 291482 0 0 XEROX CORP COM 984121103 8211 771700 SH SOLE 771700 0 0 XL GROUP PLC SHS G98290102 8616 231621 SH SOLE 231621 0 0 XPLORE TECHNOLOGIES CORP COM PAR $0.001 983950700 928 160000 SH SOLE 160000 0 0 YAMANA GOLD INC COM 98462Y100 2772 920500 SH SOLE 920500 0 0 ZIONS BANCORPORATION COM 989701107 6757 212933 SH SOLE 212933 0 0 NORTH ATLANTIC DRILLING LTD COM G6613P202 3038 2552903 SH SOLE 2552903 0 0 ROYAL BK SCOTLAND GROUP PLC ADR PREF SHS Q 780097754 797 31500 SH SOLE 31500 0 0 FIAT CHRYSLER AUTOMOBILES N SHS N31738102 35330 2431500 SH SOLE 2431500 0 0