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
ACTUATE CORP COM 00508B102 8,330 1,262,048 SH   SOLE   1,262,048 0 0
ALCOA INC COM 013817101 2,874 182,000 SH   SOLE   182,000 0 0
ALLERGAN INC COM 018490102 137,886 648,600 SH   SOLE   648,600 0 0
ALLIANCE DATA SYSTEMS CORP COM 018581108 628 2,195 SH   SOLE   2,195 0 0
AMAZON COM INC COM 023135106 1,614 5,200 SH   SOLE   5,200 0 0
AMER RLTY CAP HEALTHCAR TR I COM 02917R108 98,671 8,291,700 SH   SOLE   8,291,700 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 4,993 93,100 SH   SOLE   93,100 0 0
APPLE INC COM 037833100 15,409 139,600 SH   SOLE   139,600 0 0
APPLIED MATLS INC COM 038222105 17,319 695,000 SH Call SOLE   695,000 0 0
APPLIED MATLS INC COM 038222105 3,080 123,600 SH   SOLE   123,600 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108 6,025 85,600 SH Call SOLE   85,600 0 0
AT&T INC COM 00206R102 37,859 1,127,100 SH Put SOLE   870,600 0 0
AT&T INC COM 00206R102 679 20,200 SH   SOLE   20,200 0 0
AUXILIUM PHARMACEUTICALS INC COM 05334D107 55,704 1,620,000 SH   SOLE   1,620,000 0 0
AVANIR PHARMACEUTICALS INC CL A NEW 05348P401 51,311 3,027,177 SH   SOLE   3,027,177 0 0
AVIV REIT INC MD COM 05381L101 2,237 64,891 SH   SOLE   64,891 0 0
BAKER HUGHES INC COM 057224107 6,627 118,200 SH   SOLE   118,200 0 0
BOSTON SCIENTIFIC CORP COM 101137107 734 55,400 SH   SOLE   55,400 0 0
CAREFUSION CORP COM 14170T101 225,529 3,800,629 SH   SOLE   3,800,629 0 0
CEMEX SAB DE CV NOTE 3.750% 3/1 151290BC6 25,318 21,000,000 PRN   SOLE   21,000,000 0 0
CHENIERE ENERGY INC C0M NEW 16411R208 1,457 20,700 SH   SOLE   20,700 0 0
CHIQUITA BRANDS INTL INC COM 170032809 13,179 911,434 SH   SOLE   911,434 0 0
COMCAST CORP NEW CL A 20030N101 12,843 221,400 SH   SOLE   221,400 0 0
COMMUNITY HEALTH SYS INC NEW RIGHT 01/27/2016 203668116 104 4,156,900 SH   SOLE   4,156,900 0 0
COVANCE INC COM 222816100 150,609 1,450,396 SH   SOLE   1,450,396 0 0
COVIDIEN PLC SHS G2554F113 3,958 38,700 SH Call SOLE   38,700 0 0
COVIDIEN PLC SHS G2554F113 137,751 1,346,800 SH   SOLE   1,346,800 0 0
CUBIST PHARMACEUTICALS INC COM 229678107 36,928 366,900 SH Put SOLE   366,900 0 0
CUBIST PHARMACEUTICALS INC COM 229678107 92,397 918,000 SH   SOLE   918,000 0 0
CUBIST PHARMACEUTICALS INC RIGHT 99/99/9999 229678123 171 4,273,460 SH   SOLE   4,273,460 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 9,169 186,400 SH   SOLE   186,400 0 0
DIGITAL RIV INC COM 25388B104 967 39,100 SH   SOLE   39,100 0 0
DIRECTV COM 25490A309 10,413 120,100 SH Call SOLE   70,100 0 0
DIRECTV COM 25490A309 196,180 2,262,745 SH   SOLE   2,262,745 0 0
DISCOVER FINANCIAL SERVICES COM 254709108 18,291 279,300 SH   SOLE   279,300 0 0
DRESSER-RAND GROUP INC. COM 261608103 21,831 266,884 SH   SOLE   266,884 0 0
E M C CORP MASS COM 268648102 16,627 559,065 SH   SOLE   559,065 0 0
FAMILY DLR STORES INC COM 307000109 13,862 175,000 SH Call SOLE   75,000 0 0
FAMILY DLR STORES INC COM 307000109 2,590 32,700 SH Put SOLE   32,700 0 0
FAMILY DLR STORES INC COM 307000109 121,350 1,532,000 SH   SOLE   1,532,000 0 0
FEDEX CORP COM 31428X106 903 5,200 SH   SOLE   5,200 0 0
GENERAL ELECTRIC CO COM 369604103 7,230 286,100 SH   SOLE   286,100 0 0
GENTIVA HEALTH SERVICES INC COM 37247A102 12,299 645,600 SH   SOLE   645,600 0 0
GFI GROUP INC COM 361652209 4,128 757,500 SH   SOLE   757,500 0 0
GLIMCHER RLTY TR SH BEN INT 379302102 83,595 6,084,074 SH   SOLE   6,084,074 0 0
GULF COAST ULTRA DEEP RTY TR ROYALTY TR UNT 40222T104 3,878 3,053,535 SH   SOLE   3,053,535 0 0
HALLIBURTON CO COM 406216101 2,029 51,600 SH   SOLE   51,600 0 0
HUDBAY MINERALS INC *W EXP 07/20/201 443628136 432 496,744 SH   SOLE   496,744 0 0
HUDSON CITY BANCORP COM 443683107 51,977 5,136,023 SH   SOLE   5,136,023 0 0
HUNTINGTON BANCSHARES INC COM 446150104 11,695 1,111,700 SH   SOLE   1,111,700 0 0
INTEGRYS ENERGY GROUP INC COM 45822P105 20,155 258,900 SH   SOLE   258,900 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 1,669 10,400 SH   SOLE   10,400 0 0
INTERNATIONAL GAME TECHNOLOGY COM 459902102 75,131 4,355,400 SH   SOLE   4,355,400 0 0
INTERNATIONAL RECTIFIER CORP COM 460254105 37,566 941,500 SH   SOLE   941,500 0 0
KINDRED HEALTHCARE INC COM 494580103 2,828 155,581 SH   SOLE   155,581 0 0
LABORATORY CORP AMER HLDGS COM NEW 50540R409 281 2,600 SH   SOLE   2,600 0 0
LENNAR CORP CL A 526057104 1,165 26,000 SH   SOLE   26,000 0 0
LEVEL 3 COMMUNICATIONS INC COM 52729N308 7,051 142,800 SH   SOLE   142,800 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 5,534 110,232 SH   SOLE   110,232 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 36,680 759,268 SH   SOLE   759,268 0 0
LINNCO LLC COMSHS LTD INT 535782106 1,531 147,616 SH   SOLE   147,616 0 0
LORILLARD INC COM 544147101 6,294 100,000 SH Put SOLE   100,000 0 0
LORILLARD INC COM 544147101 26,717 424,488 SH   SOLE   424,488 0 0
M & T BANK CORP COM 55261F104 6,017 47,900 SH   SOLE   47,900 0 0
MASTERCARD INC CL A 57636Q104 8,030 93,200 SH   SOLE   93,200 0 0
MEDTRONIC INC COM 585055106 274 3,800 SH   SOLE   3,800 0 0
MICROSOFT CORP COM 594918104 474 10,200 SH   SOLE   10,200 0 0
NAVIGATOR HOLDINGS LTD SHS Y62132108 18,728 889,273 SH   SOLE   889,273 0 0
OMNICARE INC COM 681904108 12,582 172,517 SH   SOLE   172,517 0 0
PEPCO HOLDING INC COM 713291102 30,759 1,142,200 SH   SOLE   1,142,200 0 0
PETSMART INC COM 716768106 52,679 648,000 SH   SOLE   648,000 0 0
POST HOLDINGS INC COM 737446104 1,480 35,324 SH   SOLE   35,324 0 0
PROTECTIVE LIFE CORP COM 743674103 115,110 1,652,698 SH   SOLE   1,652,698 0 0
REGIONS FINANCIAL CORP NEW COM 7591EP100 14,688 1,390,900 SH   SOLE   1,390,900 0 0
REYNOLDS AMERICAN INC COM 761713106 373 5,800 SH   SOLE   5,800 0 0
RF MICRODEVICES INC COM 749941100 46,849 2,823,935 SH   SOLE   2,823,935 0 0
RIVERBED TECHNOLOGY INC COM 768573107 35,264 1,727,800 SH   SOLE   1,727,800 0 0
ROCKWOOD HOLDINGS INC COM 774415103 134,488 1,706,700 SH   SOLE   1,706,700 0 0
SAFEWAY INC COM NEW 786514208 44,915 1,278,900 SH   SOLE   1,278,900 0 0
SAPIENT CORPORATION COM 803062108 88,919 3,573,900 SH   SOLE   3,573,900 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 33,946 1,372,658 SH   SOLE   1,372,658 0 0
SHANDA GAMES LTD SP ADR REPTG A 81941U105 4,861 855,724 SH   SOLE   855,724 0 0
SIGMA ALDRICH CORP COM 826552101 89,624 652,900 SH   SOLE   652,900 0 0
SOUTHWEST AIRLS CO COM 844741108 4,486 106,000 SH   SOLE   106,000 0 0
SPANSION INC COM CL A NEW 84649R200 33,848 989,125 SH   SOLE   989,125 0 0
SPDR SERIES TRUST S&P RETAIL ETF 78464A714 35,735 372,200 SH   SOLE   372,200 0 0
SUSQUEHANNA BANK SHARES INC COM 869099101 49,624 3,694,987 SH   SOLE   3,694,987 0 0
TALISMAN ENERGY INC COM 87425E103 649 82,900 SH Put SOLE   82,900 0 0
TALISMAN ENERGY INC COM 87425E103 1,066 136,100 SH Call SOLE   131,100 0 0
TALISMAN ENERGY INC COM 87425E103 32,788 4,187,500 SH   SOLE   4,187,500 0 0
TIME WARNER CABLE INC COM 88732J207 34,442 226,500 SH Call SOLE   75,000 0 0
TIME WARNER CABLE INC COM 88732J207 5,094 33,500 SH   SOLE   33,500 0 0
TORNIER NV SHS N87237108 21,356 837,494 SH   SOLE   837,494 0 0
TRULIA INC COM 897888103 69,377 1,507,214 SH   SOLE   1,507,214 0 0
TRW AUTOMOTIVE HLDGS CORP COM 87264S106 165,086 1,605,117 SH   SOLE   1,605,117 0 0
UNITED CONTL HLDGS INC COM 910047109 15,194 227,156 SH   SOLE   227,156 0 0
UNITED PARCEL SERVICE CL B 911312106 2,023 18,200 SH   SOLE   18,200 0 0
VENTAS INC COM 92276F100 739 10,300 SH   SOLE   10,300 0 0
VERIZON COMMUNICATIONS COM 92343V104 5,019 107,300 SH   SOLE   107,300 0 0
VISA INC COM CL A 92826C839 14,631 55,800 SH   SOLE   55,800 0 0
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 92857W308 3,588 105,000 SH Call SOLE   105,000 0 0
VOLCANO CORP COM 928645100 23,172 1,296,000 SH   SOLE   1,296,000 0 0
WESCO INTL INC DBCV 6.000% 9/1 95082PAH8 40,350 15,000,000 PRN   SOLE   15,000,000 0 0
WHITING PETE CORP NEW COM 966387102 1,974 59,821 SH   SOLE   59,821 0 0
WISCONSIN ENERGY CORP COM 976657106 1,013 19,200 SH   SOLE   19,200 0 0