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
AMERICAN RLTY CAP PPTYS INC COM 02917T104 20,306 2,061,541 SH   SOLE   2,061,541 0 0
ASSURED GUARANTY LTD COM G0585R106 14,259 540,311 SH   SOLE   540,311 0 0
BARRICK GOLD CORP COM 067901108 2,945 268,695 SH   SOLE   268,695 0 0
BLOCK H & R INC COM 093671105 9,931 309,674 SH   SOLE   309,674 0 0
CHICOS FAS INC COM 168615102 11,195 632,870 SH   SOLE   632,870 0 0
DHT HOLDINGS INC SHS NEW Y2065G121 10,141 1,452,889 SH   SOLE   1,452,889 0 0
DR REDDYS LABS LTD ADR 256135203 2,855 50,000 SH   SOLE   50,000 0 0
EMPLOYERS HOLDINGS INC COM 292218104 8,200 303,799 SH   SOLE   303,799 0 0
EPIQ SYS INC COM 26882D109 352 19,620 SH   SOLE   19,620 0 0
EXTERRAN HLDGS INC COM 30225X103 8,403 250,303 SH   SOLE   250,303 0 0
FACTORSHARES TR ISE CYBER SEC 30304R407 3,212 114,850 SH   SOLE   114,850 0 0
FRONTLINE LTD SHS G3682E127 1,933 863,120 SH   SOLE   863,120 0 0
GOLDCORP INC NEW COM 380956409 2,865 158,100 SH   SOLE   158,100 0 0
HDFC BANK LTD ADR REPS 3 SHS 40415F101 4,417 75,000 SH   SOLE   75,000 0 0
IAC INTERACTIVECORP COM PAR $.001 44919P508 5,612 83,176 SH   SOLE   83,176 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 78 219,200 SH Put SOLE   219,200 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 661 689,900 SH Put SOLE   689,900 0 0
KAPSTONE PAPER & PACKAGING C COM 48562P103 5,408 164,664 SH   SOLE   164,664 0 0
KAR AUCTION SVCS INC COM 48238T109 12,868 339,267 SH   SOLE   339,267 0 0
LIFE TIME FITNESS INC COM 53217R207 1,880 26,499 SH   SOLE   26,499 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 5,954 326,449 SH   SOLE   326,449 0 0
MARKET VECTORS ETF TR JR GOLD MINERS E 57061R544 4,200 185,000 SH   SOLE   185,000 0 0
MAXWELL TECHNOLOGIES INC COM 577767106 4,086 506,948 SH   SOLE   506,948 0 0
MEAD JOHNSON NUTRITION CO COM 582839106 5,529 55,000 SH   SOLE   55,000 0 0
NAVIOS MARITIME ACQUIS CORP SHS Y62159101 1,864 526,564 SH   SOLE   526,564 0 0
NEWMONT MINING CORP COM 651639106 2,822 130,000 SH   SOLE   130,000 0 0
PACKAGING CORP AMER COM 695156109 3,874 49,550 SH   SOLE   49,550 0 0
RADWARE LTD ORD M81873107 2,082 99,584 SH   SOLE   99,584 0 0
SOLAZYME INC COM 83415T101 2,087 729,725 SH   SOLE   729,725 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 18,072 159,000 SH   SOLE   159,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,579 622,200 SH Put SOLE   622,200 0 0
UNITED STATES OIL FUND LP UNITS 91232N108 18,739 1,112,779 SH   SOLE   1,112,779 0 0
VIVUS INC COM 928551100 9,137 3,714,407 SH   SOLE   3,714,407 0 0
WISDOMTREE TR JAPN HEDGE EQT 97717W851 4,189 76,000 SH   SOLE   76,000 0 0
WISDOMTREE TR EUROPE HEDGED EQ 97717X701 4,233 64,000 SH   SOLE   64,000 0 0