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
AGCO CORP NOTE 1.250% 12/1 001084AM4 16,080 11,015,000 PRN   SOLE   11,015,000 0 0
AES CORP COM 00130H105 3,184 219,420 SH   SOLE   219,420 0 0
ALCOA INC COM 013817901 77,068 7,250,000 SH Call SOLE   7,250,000 0 0
ALCOA INC NOTE 5.250% 3/1 013817AT8 90,918 55,000,000 PRN   SOLE   55,000,000 0 0
ALLIANCEBERNSTEIN INCOME FUN COM 01881E101 9,771 1,370,337 SH   SOLE   1,370,337 0 0
AMERICAN AIRLS GROUP INC COM 02376R952 629 24,900 SH Put SOLE   24,900 0 0
AMERICAN AXLE & MFG HLDGS IN COM 024061103 17,977 879,072 SH   SOLE   879,072 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 8,748 540,000 SH   SOLE   540,000 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 66,297 1,298,677 SH   SOLE   1,298,677 0 0
AMERICAN INTL GROUP INC COM NEW 026874904 6,999 137,100 SH Call SOLE   137,100 0 0
AMERICAN RLTY CAP PPTYS INC NOTE 3.000% 8/0 02917TAA2 24,896 25,000,000 PRN   SOLE   25,000,000 0 0
ANDARKO PETE CORP COM 032511107 9,913 124,971 SH   SOLE   124,971 0 0
APPLE INC COM 037833100 1,257 2,240 SH   SOLE   2,240 0 0
ARES CAP CORP NOTE 5.750% 2/0 04010LAB9 21,534 20,000,000 PRN   SOLE   20,000,000 0 0
ARES CAP CORP NOTE 5.125% 6/0 04010LAD5 5,340 5,000,000 PRN   SOLE   5,000,000 0 0
AVNET INC COM 053807103 7,881 178,662 SH   SOLE   178,662 0 0
AVON PRODS INC COM 054303102 9,313 540,798 SH   SOLE   540,798 0 0
BARCLAYS BK PLC ETF 06742E951 4,255 100,000 SH Put SOLE   100,000 0 0
BEST BUY INC COM 086516101 9,699 243,197 SH   SOLE   243,197 0 0
BIO-REFERENCE LABS INC COM $.01 NEW 09057G602 1,810 70,861 SH   SOLE   70,861 0 0
BLACKROCK ENERGY & RES TR COM 09250U101 1,982 81,573 SH   SOLE   81,573 0 0
BLACKSTONE MTG TR INC NOTE 5.250% 12/0 09257WAA8 7,789 7,500,000 PRN   SOLE   7,500,000 0 0
BOYD GAMING CORP COM 103304101 9,207 817,684 SH   SOLE   817,684 0 0
BRUNSWICK CORP COM 117043109 6,511 141,365 SH   SOLE   141,365 0 0
CDW CORP COM 12514G108 7,041 301,427 SH   SOLE   301,427 0 0
CAPITOL ACQUISITION CORP II UNIT 99/99/9999 14056V204 17,243 1,650,000 SH   SOLE   1,650,000 0 0
CATERPILLAR INC COM 149123901 11,805 130,000 SH Call SOLE   130,000 0 0
CATERPILLAR INC COM 149123951 12,214 134,500 SH Put SOLE   134,500 0 0
CEMEX SAB DE CV NOTE 4.875% 3/1 151290AV5 5,914 5,000,000 PRN   SOLE   5,000,000 0 0
CEMEX SAB DE CV NOTE 3.250% 3/1 151290BB8 33,623 25,550,000 PRN   SOLE   25,550,000 0 0
CEMEX SAB DE CV NOTE 3.750% 3/1 151290BC6 13,583 10,000,000 PRN   SOLE   10,000,000 0 0
CENTRAL FD CDA LTD CL A 153501101 3,975 300,000 SH   SOLE   300,000 0 0
CHART ACQUISITION CORP UNIT 99/99/9999 161151204 8,256 800,000 SH   SOLE   800,000 0 0
CHATHAM LODGING TR COM 16208T102 25,818 1,262,500 SH   SOLE   1,262,500 0 0
CHESAPEAKE ENERGY CORP COM 165167107 3,669 135,171 SH   SOLE   135,171 0 0
CHESAPEAKE ENERGY CORP NOTE 2.500% 5/1 165167BZ9 13,230 13,000,000 PRN   SOLE   13,000,000 0 0
CHESAPEAKE ENERGY CORP NOTE 2.500% 5/1 165167CA3 30,059 30,000,000 PRN   SOLE   30,000,000 0 0
CHIPOTLE MEXICAN GRILL INC COM 169656905 25,041 47,000 SH Call SOLE   47,000 0 0
CHIPOTLE MEXICAN GRILL INC COM 169656955 24,028 45,100 SH Put SOLE   45,100 0 0
CISCO SYS INC COM 17275R102 912 40,640 SH   SOLE   40,640 0 0
CISCO SYS INC COM 17275R902 4,512 201,000 SH Call SOLE   201,000 0 0
CISCO SYS INC COM 17275R952 6,145 273,700 SH Put SOLE   273,700 0 0
CITIGROUP INC COM 172967424 64,803 1,243,582 SH   SOLE   1,243,582 0 0
CLEAN ENERGY FUELS CORP COM 184499951 2,407 186,900 SH Put SOLE   186,900 0 0
COLFAX CORP COM 194014106 31,105 488,385 SH   SOLE   488,385 0 0
COMMUNITY HEALTH SYS INC NEW COM 203668108 9,689 246,736 SH   SOLE   246,736 0 0
COMPANHIA BRASILEIRA DE DIST SPN ADR PFD CL A 20440T201 8,759 196,080 SH   SOLE   196,080 0 0
COMPUTER SCIENCES CORP COM 205363104 4,564 81,671 SH Put SOLE   81,671 0 0
CON-WAY INC COM 205944101 344 8,675 SH   SOLE   8,675 0 0
CONSOL ENERGY INC COM 20854P109 53,764 1,413,347 SH   SOLE   1,413,347 0 0
D R HORTON INC COM 23331A109 7,813 350,031 SH   SOLE   350,031 0 0
DANA HLDG CORP COM 235825205 29,601 1,508,727 SH   SOLE   1,508,727 0 0
DEAN FOODS CO NEW COM 242370203 1,233 71,700 SH   SOLE   71,700 0 0
DEVELOPERS DIVERSIFIED RLTY NOTE 1.750% 11/1 251591AX1 2,788 2,500,000 PRN   SOLE   2,500,000 0 0
DILLARDS INC CL A 254067101 3,015 31,014 SH   SOLE   31,014 0 0
DOMINION RES INC VA NEW UNIT 04/01/2013 25746U703 24,662 455,700 SH   SOLE   455,700 0 0
DOMINION RES INC VA NEW UNIT 07/01/2016 25746U885 10,842 200,000 SH   SOLE   200,000 0 0
DONNELLEY R R & SONS CO COM 257867951 13,239 652,800 SH Put SOLE   652,800 0 0
DOVER CORP COM 260003108 368 3,814 SH   SOLE   3,814 0 0
DOVER CORP COM 260003958 2,742 28,400 SH Put SOLE   28,400 0 0
DRYSHIPS INC. NOTE 5.000% 12/0 262498AB4 54,808 54,400,000 PRN   SOLE   54,400,000 0 0
DUFF & PHELPS GLB UTL INC FD COM 26433C105 799 41,871 SH   SOLE   41,871 0 0
E M C CORP MASS COM 268648902 12,575 500,000 SH Call SOLE   500,000 0 0
E M C CORP MASS NOTE 1.750% 12/0 268648AM4 78,642 51,642,000 PRN   SOLE   51,642,000 0 0
EASTMAN CHEM CO COM 277432100 3,850 47,712 SH   SOLE   47,712 0 0
EASTMAN KODAK CO *W EXP 09/03/201 277461133 7,233 208,375 SH   SOLE   208,375 0 0
EASTMAN KODAK CO *W EXP 09/03/201 277461141 7,233 208,375 SH   SOLE   208,375 0 0
EASTMAN KODAK CO COM 277461406 42,129 1,213,728 SH   SOLE   1,213,728 0 0
ELECTRONIC ARTS INC COM 285512109 24,966 1,088,338 SH   SOLE   1,088,338 0 0
ENCANA CORP COM 292505104 4,327 239,706 SH   SOLE   239,706 0 0
ENPRO INDS INC DBCV 3.938% 10/1 29355XAB3 17,612 10,000,000 PRN   SOLE   10,000,000 0 0
ENTERGY CORP NEW COM 29364G103 3,332 52,662 SH   SOLE   52,662 0 0
EQUINIX INC NOTE 4.750% 6/1 29444UAH9 10,931 5,000,000 PRN   SOLE   5,000,000 0 0
EXELON CORP COM 30161N101 4,983 181,932 SH   SOLE   181,932 0 0
EXELIXIS INC NOTE 4.250% 8/1 30161QAC8 2,443 2,000,000 PRN   SOLE   2,000,000 0 0
FIDELITY NATIONAL FINANCIAL CL A 31620R105 46,237 1,424,881 SH   SOLE   1,424,881 0 0
FLEETCOR TECHNOLOGIES INC COM 339041105 38,497 328,555 SH   SOLE   328,555 0 0
FORD MTR CO COM PAR $0.01 345370860 15,053 975,585 SH   SOLE   975,585 0 0
FOREST OIL CORP COM PAR $0.01 346091705 6,165 1,707,651 SH   SOLE   1,707,651 0 0
FOREST OIL CORP COM PAR $0.01 346091905 7,070 1,958,500 SH Call SOLE   1,958,500 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D907 26,735 708,400 SH Call SOLE   708,400 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D957 16,334 432,800 SH Put SOLE   432,800 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 46,771 920,512 SH   SOLE   920,512 0 0
GANNETT INC COM 364730101 2,877 97,270 SH   SOLE   97,270 0 0
GAP INC COM 364760108 13,349 341,577 SH   SOLE   341,577 0 0
GENCORP INC SDCV 4.062% 12/3 368682AN0 41,170 20,500,000 PRN   SOLE   20,500,000 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V118 102,352 2,504,323 SH   SOLE   2,504,323 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V126 177 4,323 SH   SOLE   4,323 0 0
GEOSPACE TECHNOLOGIES CORP COM 37364X109 22,854 241,000 SH   SOLE   241,000 0 0
GILEAD SCIENCES INC NOTE 1.625% 5/0 375558AP8 124,389 38,500,000 PRN   SOLE   38,500,000 0 0
GLOBAL DEFENSE & NATL SEC SY COM 37953N108 4,020 400,000 SH   SOLE   400,000 0 0
GOL LINHAS AEREAS INTLG S A ADR REP PFD 38045R907 686 150,000 SH Call SOLE   150,000 0 0
GOLDMAN SACHS GROUP COM 38141G954 72,854 411,000 SH Put SOLE   411,000 0 0
GOODYEAR TIRE &RUBR CO COM 382550101 4,066 170,471 SH   SOLE   170,471 0 0
GRACE W R & CO NEW COM 38388F108 33,724 341,091 SH   SOLE   341,091 0 0
HCA HOLDINGS INC COM 40412C101 2,556 53,580 SH   SOLE   53,580 0 0
HCI GROUP INC COM 40416E103 658 12,300 SH   SOLE   12,300 0 0
HANCOCK JOHN PREMIUM DIV FD COM SH BEN INT 41013T105 627 54,056 SH   SOLE   54,056 0 0
HERCULES TECH GROWTH CAP INC NOTE 6.000% 4/1 427096AB8 6,958 5,000,000 PRN   SOLE   5,000,000 0 0
HERTZ GLOBAL HOLDINGS INC COM 42805T105 6,358 222,143 SH   SOLE   222,143 0 0
HESS CORP COM 42809H107 1,107 13,341 SH   SOLE   13,341 0 0
HESS CORP COM 42809H907 61,594 742,100 SH Call SOLE   742,100 0 0
IAMGOLD CORP COM 450913958 19,439 5,837,500 SH Put SOLE   5,837,500 0 0
INTL PAPER CO COM 460146103 4,586 93,529 SH   SOLE   93,529 0 0
ISHARES ETF 464286900 17,872 400,000 SH Call SOLE   400,000 0 0
ISHARES ETF 464286902 35,700 525,000 SH Call SOLE   525,000 0 0
ISHARES ETF 464286950 17,872 400,000 SH Put SOLE   400,000 0 0
ISHARES ETF 464286952 35,700 525,000 SH Put SOLE   525,000 0 0
ISHARES ETF 464287902 29,050 285,200 SH Call SOLE   285,200 0 0
ISHARES ETF 464287952 2,058 20,200 SH Put SOLE   20,200 0 0
ISHARES IBOXX HI YD ETF 464288513 256,494 2,761,564 SH   SOLE   2,761,564 0 0
ISHARES ALL PERU CAP ETF 464289842 6,845 203,369 SH   SOLE   203,369 0 0
JPMORGAN CHASE & CO COM 46625H100 32,392 553,906 SH   SOLE   553,906 0 0
JINKOSOLAR HLDG CO LTD NOTE 4.000% 5/1 47759TAA8 5,272 5,000,000 PRN   SOLE   5,000,000 0 0
JONES GROUP INC COM 48020T901 14,302 956,000 SH Call SOLE   956,000 0 0
KB HOME COM 48666K109 7,708 421,642 SH   SOLE   421,642 0 0
KINROSS GOLD CORP COM 496902904 15,111 3,450,000 SH Call SOLE   3,450,000 0 0
KOHLS CORP COM 500255104 44,228 779,341 SH   SOLE   779,341 0 0
L BRANDS INC COM 501797104 5,711 92,330 SH   SOLE   92,330 0 0
L BRANDS INC COM 501797954 3,501 56,600 SH Put SOLE   56,600 0 0
LEAP WIRELESS INTL INC COM NEW 521863308 1,453 83,500 SH   SOLE   83,500 0 0
LEAP WIRELESS INTL INC COM NEW 521863908 26,100 1,500,000 SH Call SOLE   1,500,000 0 0
LEAP WIRELESS INTL INC COM NEW 521863958 44,953 2,583,500 SH Put SOLE   2,583,500 0 0
LENNAR CORP CL A 526057104 5,543 140,107 SH   SOLE   140,107 0 0
LEXMARK INTL CL A 529771107 54,316 1,529,177 SH   SOLE   1,529,177 0 0
LEXMARK INTL CL A 529771907 57,248 1,611,700 SH Call SOLE   1,611,700 0 0
LINCOLN NATL CORP IND COM 534187109 27,439 531,567 SH   SOLE   531,567 0 0
LOUISIANA PAC CORP COM 546347105 2,524 136,384 SH   SOLE   136,384 0 0
MFS CHARTER INCOME TR SH BEN INT 552727109 4,088 451,672 SH   SOLE   451,672 0 0
MFS MULTIMARKET INCOME TR SH BEN INT 552737108 1,525 230,415 SH   SOLE   230,415 0 0
MFS INTER INCOME TR SH BEN INT 55273C107 4,197 810,242 SH   SOLE   810,242 0 0
MGIC INVT WIS NOTE 5.000% 5/0 552848AD5 11,289 10,000,000 PRN   SOLE   10,000,000 0 0
MRC GLOBAL INC COM 55345K103 33,304 1,032,363 SH   SOLE   1,032,363 0 0
MARATHON OIL CORP COM 565849106 1,531 43,368 SH   SOLE   43,368 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 8,156 386,164 SH   SOLE   386,164 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U950 12,503 592,000 SH Put SOLE   592,000 0 0
MARTIN MARIETTA MATLS INC COM 573284106 648 6,488 SH   SOLE   6,488 0 0
MCCLATCHY CO CL A 579489105 12,481 3,670,883 SH   SOLE   3,670,883 0 0
MEADWESTVACO CORP COM 583334107 5,743 155,520 SH   SOLE   155,520 0 0
MERITAGE HOMES CORP COM 59001A102 33,710 702,446 SH   SOLE   702,446 0 0
METLIFE INC COM 59156R108 22,605 419,235 SH   SOLE   419,235 0 0
MICROSOFT CORP COM 594918104 8,620 230,295 SH   SOLE   230,295 0 0
MICROSOFT CORP COM 594918904 101,903 2,722,500 SH Call SOLE   2,722,500 0 0
MICROSOFT CORP COM 594918954 20,815 556,100 SH Put SOLE   556,100 0 0
MORGAN STANLEY COM NEW 617446908 7,840 250,000 SH Call SOLE   250,000 0 0
MORGAN STANLEY COM NEW 617446958 3,515 112,100 SH Put SOLE   112,100 0 0
MYLAN INC NOTE 3.750% 9/1 628530AJ6 49,165 15,000,000 PRN   SOLE   15,000,000 0 0
MYRIAD GENETICS INC COM 62855J104 3,003 143,159 SH   SOLE   143,159 0 0
NRG ENERGY COM NEW 629377508 33,698 1,173,342 SH   SOLE   1,173,342 0 0
NQ MOBILE INC ADR REPSTG CL A 64118U108 735 50,000 SH   SOLE   50,000 0 0
NEW GOLD INC CDA COM 644535106 16,208 3,093,100 SH   SOLE   3,093,100 0 0
NEW YORK TIMES CO CL A 650111107 1,425 89,789 SH   SOLE   89,789 0 0
OLIN CORP COM PAR $1 680665205 1,296 44,920 SH   SOLE   44,920 0 0
OUTERWALL INC COM 690070107 1,285 19,097 SH   SOLE   19,097 0 0
OUTERWALL INC COM 690070957 2,247 33,400 SH Put SOLE   33,400 0 0
OWENS ILL INC COM NEW 690768403 1,909 53,351 SH   SOLE   53,351 0 0
PHH CORP NOTE 4.000% 9/0 693320AN3 11,752 11,000,000 PRN   SOLE   11,000,000 0 0
PENN NATL GAMING INC COM 707569109 8,114 566,211 SH   SOLE   566,211 0 0
PENNEY J C INC COM 708160956 42,714 4,668,200 SH Put SOLE   4,668,200 0 0
POLYONE CORP COM 73179P106 3,893 110,130 SH   SOLE   110,130 0 0
PRICELINE COM INC COM NEW 741503903 25,224 21,700 SH Call SOLE   21,700 0 0
PROSPECT CAPITAL CORPORATION NOTE 6.250% 12/1 74348TAC6 5,236 4,850,000 PRN   SOLE   4,850,000 0 0
PROTO LABS INC COM 743713109 49,163 690,692 SH   SOLE   690,692 0 0
PULTE GROUP INC COM 745867101 20,535 1,008,121 SH   SOLE   1,008,121 0 0
ROI ACQUISITION CORP II UNIT 99/99/9999 74966G200 8,751 850,000 SH   SOLE   850,000 0 0
RADIOSHACK CORP COM 750438103 2,600 1,000,000 SH   SOLE   1,000,000 0 0
RADNET INC COM 750491102 3,541 2,120,271 SH   SOLE   2,120,271 0 0
RANGE RES CORP COM 75281A109 28,196 334,438 SH   SOLE   334,438 0 0
REAVES UTIL INCOME FD COM SH BEN INT 756158101 1,869 74,488 SH   SOLE   74,488 0 0
RITE AID CORP COM 767754104 506 100,000 SH   SOLE   100,000 0 0
RITE AID CORP COM 767754954 8,248 1,630,000 SH Put SOLE   1,630,000 0 0
SBA COMMUNICATIONS CORP NOTE 4.000% 10/0 78388JAM8 23,879 8,070,000 PRN   SOLE   8,070,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 3,124 16,916 SH   SOLE   16,916 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F953 55,087 298,300 SH Put SOLE   298,300 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 35,111 302,240 SH   SOLE   302,240 0 0
SPDR GOLD TRUST GOLD SHS 78463V907 28,287 243,500 SH Call SOLE   243,500 0 0
SPDR GOLD TRUST GOLD SHS 78463V957 127,090 1,094,000 SH Put SOLE   1,094,000 0 0
SPDR SERIES TRUST BRC HGH YLD BD ETF 78464A417 4,934 121,656 SH   SOLE   121,656 0 0
SPR SERIES TRUST S&P METALS MNG ETF 78464A755 537 12,769 SH   SOLE   12,769 0 0
SPDR SERIES TRUST ETF 78464A905 72 1,700 SH Call SOLE   1,700 0 0
SPDR SERIES TRUST ETF 78464A908 6,660 200,000 SH Call SOLE   200,000 0 0
SPDR SERIES TRUST ETF 78464A954 176,200 2,000,000 SH Put SOLE   2,000,000 0 0
SPDR SERIES TRUST ETF 78464A955 2,184 51,900 SH Put SOLE   51,900 0 0
SPDR SERIES TRUST ETF 78464A958 13,303 399,500 SH Put SOLE   399,500 0 0
SALESFORCE COM INC NOTE 0.750% 1/1 79466LAB0 12,898 5,000,000 PRN   SOLE   5,000,000 0 0
SALIX PHARMACEUTICALS INC NOTE 1.500% 3/1 795435AE6 7,444 5,000,000 PRN   SOLE   5,000,000 0 0
SANMINA CORPORATION COM 801056102 3,688 220,813 SH   SOLE   220,813 0 0
SCHLUMBERGER LTD COM 806857108 59 654 SH   SOLE   654 0 0
SEARS HLDGS CORP COM 812350956 2,928 59,700 SH Put SOLE   59,700 0 0
SELECT SECTOR SPDR TR SBI MATERIALS ETF 81369Y100 3,808 82,398 SH   SOLE   82,398 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE ETF 81369Y209 1,176 21,204 SH   SOLE   21,204 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR ETF 81369Y407 3,246 48,565 SH   SOLE   48,565 0 0
SELECT SECTOR SPDR TR ETF 81369Y905 5,858 268,000 SH Call SOLE   268,000 0 0
SELECT SECTOR SPDR TR ETF 81369Y906 18,672 394,200 SH Call SOLE   394,200 0 0
SELECT SECTOR SPDR TR ETF 81369Y955 18,094 827,700 SH Put SOLE   827,700 0 0
SELECT SECTOR SPDR TR ETF 81369Y956 7,949 107,000 SH Put SOLE   107,000 0 0
SELECT SECTOR SPDR TR ETF 81369Y957 380,122 5,687,900 SH Put SOLE   5,687,900 0 0
SHIRE PLC SPONSORED ADR 82481R906 42,698 302,200 SH Call SOLE   302,200 0 0
SILVER EAGLE ACQUISITION COR UNIT 99/99/9999 827694209 25,500 2,550,000 SH   SOLE   2,550,000 0 0
SIRIUS XM HLDGS INC COM 82968B953 11,489 3,292,000 SH Put SOLE   3,292,000 0 0
SPECTRUM PHARMACEUTICALS INC COM 84763A958 444 50,200 SH Put SOLE   50,200 0 0
SPRINT CORP COM SER 1 85207U955 38,921 3,620,600 SH Put SOLE   3,620,600 0 0
STAPLES INC COM 855030102 4,503 283,375 SH   SOLE   283,375 0 0
TRW AUTOMOTIVE HLDGS CORP COM 87264S106 10,669 143,422 SH   SOLE   143,422 0 0
TARGA RES CORP COM 87612G101 20,791 235,808 SH   SOLE   235,808 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 8,287 196,736 SH   SOLE   196,736 0 0
TERADYNE INC NOTE 4.500% 3/1 880770AE2 32,284 10,029,000 PRN   SOLE   10,029,000 0 0
TESORO CORP COM 881609101 72,672 1,242,250 SH   SOLE   1,242,250 0 0
TESORO CORP COM 881609901 195,589 3,343,400 SH Call SOLE   3,343,400 0 0
TESLA MTRS INC NOTE 1.500% 6/0 88160RAA9 10,347 7,500,000 PRN   SOLE   7,500,000 0 0
TIME WARNER CABLE INC COM NEW 88732J907 135,500 1,000,000 SH Call SOLE   1,000,000 0 0
UNITED CONTL HLDGS INC COM 910047959 15,132 400,000 SH Put SOLE   400,000 0 0
UNITED PARCEL SERVICE INC CL B 911312106 39 372 SH   SOLE   372 0 0
UNITED PARCEL SERVICE INC CL B 911312956 1,976 18,800 SH Put SOLE   18,800 0 0
UNITED RENTALS INC COM 911363109 1,206 15,471 SH   SOLE   15,471 0 0
UNITED STATED STL CORP COM NEW 912909108 9,185 311,351 SH   SOLE   311,351 0 0
UNITED STATED STL CORP NOTE 4.000% 5/1 912909AE8 64,250 60,200,000 PRN   SOLE   60,200,000 0 0
VALERO ENERGY CORP COM NEW 91913Y100 55,158 1,094,399 SH   SOLE   1,094,399 0 0
VALERO ENERGY CORP COM NEW 91913Y900 113,904 2,260,000 SH Call SOLE   2,260,000 0 0
VERINT SYS INC COM 92343X100 32,107 747,715 SH   SOLE   747,715 0 0
VERSO PAPER CORP COM 92531L108 987 1,554,871 SH   SOLE   1,554,871 0 0
WESCO INTL INC DBVC 6.000% 9/1 95082PAH8 56,670 17,500,000 PRN   SOLE   17,500,000 0 0
WESTERN ASSET CLYM INFL OPP COM 95766R104 2,917 258,844 SH   SOLE   258,844 0 0
WESTERN REFNG INC NOTE 5.750% 6/1 959319AC8 76,586 17,270,000 PRN   SOLE   17,270,000 0 0
WESTPORT INNOVATIONS INC COM NEW 960908959 1,094 55,800 SH Put SOLE   55,800 0 0
WHIRLPOOL CORP COM 963320106 2,543 16,215 SH   SOLE   16,215 0 0
YRC WORLDWIDE INC NOTE 10.000% 3/3 984249AB8 2,708 3,149,163 PRN   SOLE   3,149,163 0 0
ACTAVIS PLC SHS G0083B108 81,387 484,445 SH   SOLE   484,445 0 0
FLEETMATICS GROUP PLC COM G35569105 43,250 1,000,000 SH   SOLE   1,000,000 0 0
NABORS INDUSTRIES LTD SHS G6359F103 2,537 149,300 SH   SOLE   149,300 0 0
WEATHERFORD INTERNATIONAL LT REG SHS H27013103 15,290 987,101 SH   SOLE   987,101 0 0
TRANSOCEAN LTD REF SHS H8817H100 2,505 50,692 SH   SOLE   50,692 0 0
TARO PHARMACEUTICAL INDS LTD SHS M8737E108 66,923 676,671 SH   SOLE   676,671 0 0
FLEXTRONICS INTL LTD ORD Y2573F102 1,528 196,600 SH   SOLE   196,600 0 0
OCEAN RIG UDW INC SHS Y64354205 12,491 648,885 SH   SOLE   648,885 0 0
SCORPIO BULKERS INC SHS Y7546A106 14,070 1,400,000 SH   SOLE   1,400,000 0 0