The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
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| 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 |
| Advanced Micro Devices Inc | COM | 007903107 | 23,716 | 13,788,300 | SH | Put | DFND | 1 | 0 | 13,788,300 | 0 |
| AIRTRAN HOLDINGS, INC. | NOTE 5.250%11/0 | 00949PAD0 | 3,109 | 1,150,000 | PRN | DFND | 1 | 0 | 1,150,000 | 0 | |
| AK Steel Holding Corporation | COM | 001547108 | 2,117 | 878,500 | SH | Put | DFND | 1 | 0 | 878,500 | 0 |
| Anadarko Petroleum Corporation | COM | 032511107 | 2,416 | 40,000 | SH | Call | DFND | 1 | 0 | 40,000 | 0 |
| WELLPOINT INC | NOTE 2.750%10/1 | 94973VBG1 | 13,221 | 7,000,000 | PRN | DFND | 1 | 0 | 7,000,000 | 0 | |
| Apollo Commercial Real Estate Finance Inc | COM | 03762U105 | 9,447 | 601,309 | SH | DFND | 1 | 0 | 601,309 | 0 | |
| Apollo Residential Mortgage Inc | COM | 03763V102 | 2,343 | 185,085 | SH | DFND | 1 | 0 | 185,085 | 0 | |
| Apollo Senior Floating Rate Fund Inc | COM | 037636107 | 1,568 | 100,000 | SH | DFND | 1 | 0 | 100,000 | 0 | |
| Arch Coal Inc | COM NEW | 039380308 | 6,250 | 1,893,900 | SH | Put | DFND | 1 | 0 | 1,893,900 | 0 |
| ARES CAPITAL CORPORATION | NOTE 5.750% 2/0 | 04010LAB9 | 2,018 | 2,000,000 | PRN | DFND | 1 | 0 | 2,000,000 | 0 | |
| Bed Bath & Beyond Inc. | COM | 075896100 | 14,255 | 250,000 | SH | Put | DFND | 1 | 0 | 250,000 | 0 |
| BGC PARTNERS INC | NOTE 4.500% 7/1 | 05541TAD3 | 3,316 | 3,200,000 | PRN | DFND | 1 | 0 | 3,200,000 | 0 | |
| BlackRock Corporate High Yield | COM | 09255P107 | 2,477 | 250,950 | SH | DFND | 1 | 0 | 250,950 | 0 | |
| Brookdale Senior Living Inc | COM | 112463104 | 4,736 | 206,250 | SH | DFND | 1 | 0 | 206,250 | 0 | |
| Caesars Acquisition Company | CL A | 12768T103 | 198,765 | 27,995,124 | SH | DFND | 2 | 0 | 27,995,124 | 0 | |
| Caesars Entertainment Corp. | COM | 127686103 | 156,057 | 26,495,304 | SH | DFND | 2 | 0 | 26,495,304 | 0 | |
| CBL & Associates Properties, Inc | COM | 124830100 | 908 | 66,000 | SH | Put | DFND | 1 | 0 | 66,000 | 0 |
| Cenveo Corporation | NOTE 7.000% 5/1 | 15671BAJ0 | 3,183 | 3,500,000 | PRN | DFND | 1 | 0 | 3,500,000 | 0 | |
| Cheniere Energy Inc | NOTE 4.250% 3/1 | 16411RAG4 | 6,276 | 10,000,000 | PRN | DFND | 1 | 0 | 10,000,000 | 0 | |
| Chesapeake Energy Corporation | COM | 165167107 | 1,100 | 150,000 | SH | Put | DFND | 1 | 0 | 150,000 | 0 |
| CONSOL Energy Inc | COM | 20854P109 | 5,880 | 600,000 | SH | Put | DFND | 1 | 0 | 600,000 | 0 |
| Credit Acceptance Corporation | COM | 225310101 | 18,033 | 91,600 | SH | Put | DFND | 1 | 0 | 91,600 | 0 |
| Cumulus Media Inc | CL A | 231082108 | 528 | 750,000 | SH | DFND | 1 | 0 | 750,000 | 0 | |
| Deluxe Corp | COM | 248019101 | 5,574 | 100,000 | SH | Put | DFND | 1 | 0 | 100,000 | 0 |
| Endo International PLC | SHS | G30401106 | 6,928 | 100,000 | SH | Call | DFND | 1 | 0 | 100,000 | 0 |
| EP Energy | CL A | 268785102 | 579,870 | 112,596,207 | SH | DFND | 2 | 0 | 112,596,207 | 0 | |
| FIDELITY NATIONAL FINANCIAL IN | NOTE 4.250% 8/1 | 31620RAE5 | 9,283 | 4,600,000 | PRN | DFND | 1 | 0 | 4,600,000 | 0 | |
| Frontier Communications Corporation | COM | 35906A108 | 4,750 | 1,000,000 | SH | Put | DFND | 1 | 0 | 1,000,000 | 0 |
| Genco Shipping & Trading Ltd | SHS NEW | Y2685T115 | 40,041 | 10,240,593 | SH | DFND | 1 | 0 | 10,240,593 | 0 | |
| Gerdau SA | SPON ADR REP PFD | 373737105 | 1,815 | 1,325,000 | SH | Call | DFND | 1 | 0 | 1,325,000 | 0 |
| GILEAD SCIENCES INC | NOTE 1.625% 5/0 | 375558AP8 | 12,866 | 3,000,000 | PRN | DFND | 1 | 0 | 3,000,000 | 0 | |
| Gray Television Inc | COM | 389375106 | 2,663 | 208,700 | SH | Call | DFND | 1 | 0 | 208,700 | 0 |
| ING Groep N.V. | DBCV 6.000%12/2 | 456837AE3 | 2,921 | 3,000,000 | PRN | DFND | 1 | 0 | 3,000,000 | 0 | |
| INTEL CORPORATION | SDCV 12/1 | 458140AD2 | 7,301 | 6,000,000 | PRN | DFND | 1 | 0 | 6,000,000 | 0 | |
| iShares iBoxx High Yield Corporate Bond | IBOXX HI YD ETF | 464288513 | 41,645 | 500,000 | SH | Call | DFND | 1 | 0 | 500,000 | 0 |
| iShares iBoxx High Yield Corporate Bond | IBOXX HI YD ETF | 464288513 | 124,310 | 1,492,500 | SH | Put | DFND | 1 | 0 | 1,492,500 | 0 |
| iShares Russell 2000 ETF | RUSSELL 2000 ETF | 464287655 | 43,680 | 400,000 | SH | Put | DFND | 1 | 0 | 400,000 | 0 |
| iStar Inc | NOTE 3.000%11/1 | 45031UBR1 | 27,097 | 23,678,000 | PRN | DFND | 1 | 0 | 23,678,000 | 0 | |
| iStar Inc | COM | 45031U101 | 16,186 | 1,286,637 | SH | DFND | 1 | 0 | 1,286,637 | 0 | |
| iStar Inc | COM | 45031U101 | 6,290 | 500,000 | SH | Call | DFND | 1 | 0 | 500,000 | 0 |
| JC Penney Co Inc | COM | 708160106 | 2,731 | 294,000 | SH | Put | DFND | 1 | 0 | 294,000 | 0 |
| JEFFERIES GROUP LLC | DBCV 3.875%11/0 | 472319AG7 | 4,182 | 4,100,000 | PRN | DFND | 1 | 0 | 4,100,000 | 0 | |
| Lear Corp | COM NEW | 521865204 | 164 | 1,505 | SH | DFND | 1 | 0 | 1,505 | 0 | |
| Lee Enterprises Inc | COM | 523768109 | 117 | 56,059 | SH | DFND | 1 | 0 | 56,059 | 0 | |
| MGM Resorts International | COM | 552953101 | 7,380 | 400,000 | SH | Call | DFND | 1 | 0 | 400,000 | 0 |
| Molina Healthcare Inc | COM | 60855R100 | 3,615 | 52,500 | SH | Call | DFND | 1 | 0 | 52,500 | 0 |
| NEWMONT MINING CORP | NOTE 1.625% 7/1 | 651639AJ5 | 1,347 | 1,350,000 | PRN | DFND | 1 | 0 | 1,350,000 | 0 | |
| Norwegian Cruise Lines Holdings Ltd. | SHS | G66721104 | 2,364,047 | 41,274,810 | SH | DFND | 2 | 0 | 41,274,810 | 0 | |
| NOVELLUS SYSTEMS, INC. | NOTE 2.625% 5/1 | 670008AD3 | 12,564 | 6,400,000 | PRN | DFND | 1 | 0 | 6,400,000 | 0 | |
| OLD REPUBLIC INTERNATIONAL COR | NOTE 3.750% 3/1 | 680223AH7 | 1,508 | 1,300,000 | PRN | DFND | 1 | 0 | 1,300,000 | 0 | |
| Olin Corp | COM PAR $1 | 680665205 | 9,091 | 540,800 | SH | Put | DFND | 1 | 0 | 540,800 | 0 |
| PBF Energy Inc | CL A | 69318G106 | 1,764 | 62,500 | SH | Put | DFND | 1 | 0 | 62,500 | 0 |
| Peabody Energy Corporation | COM | 704549104 | 767 | 555,600 | SH | Call | DFND | 1 | 0 | 555,600 | 0 |
| Peabody Energy Corporation | COM | 704549104 | 9,729 | 7,050,000 | SH | Put | DFND | 1 | 0 | 7,050,000 | 0 |
| Phoenix Cos Inc/The | COM NEW | 71902E604 | 1,847 | 56,000 | SH | DFND | 1 | 0 | 56,000 | 0 | |
| PRICELINE GROUP INC | NOTE 1.000% 3/1 | 741503AQ9 | 7,476 | 5,300,000 | PRN | DFND | 1 | 0 | 5,300,000 | 0 | |
| PROSPECT CAPITAL CORP | NOTE 5.375%10/1 | 74348TAK8 | 3,814 | 3,800,000 | PRN | DFND | 1 | 0 | 3,800,000 | 0 | |
| Radio One, Inc. | CL D NON VTG | 75040P405 | 793 | 372,504 | SH | DFND | 1 | 0 | 372,504 | 0 | |
| RELM WIRELESS CORP | COM | 759525108 | 831 | 188,971 | SH | DFND | 1 | 0 | 188,971 | 0 | |
| Scientific Games Corporation | CL A | 80874P109 | 4,163 | 398,400 | SH | Call | DFND | 1 | 0 | 398,400 | 0 |
| Seadrill Ltd | SHS | G7945E105 | 2,360 | 400,000 | SH | Put | DFND | 1 | 0 | 400,000 | 0 |
| SPDR S&P 500 ETF Trust | TR UNIT | 78462F103 | 83,838 | 437,500 | SH | Put | DFND | 1 | 0 | 437,500 | 0 |
| Sprint Corporation | COM SER 1 | 85207U105 | 4,339 | 1,130,000 | SH | Put | DFND | 1 | 0 | 1,130,000 | 0 |
| Staples Inc | COM | 855030102 | 5,457 | 465,248 | SH | DFND | 1 | 0 | 465,248 | 0 | |
| Staples Inc | COM | 855030102 | 2,933 | 250,000 | SH | Call | DFND | 1 | 0 | 250,000 | 0 |
| Tenet Healthcare Corporation | COM NEW | 88033G407 | 3,692 | 100,000 | SH | DFND | 1 | 0 | 100,000 | 0 | |
| Tenet Healthcare Corporation | COM NEW | 88033G407 | 3,692 | 100,000 | SH | Call | DFND | 1 | 0 | 100,000 | 0 |
| TEVA PHARMACEUTICAL FINANCE CO | DBCV 0.250% 2/0 | 88163VAE9 | 5,173 | 3,800,000 | PRN | DFND | 1 | 0 | 3,800,000 | 0 | |
| The Gap, Inc. | COM | 364760108 | 8,550 | 300,000 | SH | Put | DFND | 1 | 0 | 300,000 | 0 |
| Transocean Ltd | REG SHS | H8817H100 | 969 | 75,000 | SH | Put | DFND | 1 | 0 | 75,000 | 0 |
| Univar Inc. | COM | 91336L107 | 5,768 | 317,774 | SH | DFND | 1 | 0 | 317,774 | 0 | |
| Vince Holding Corp | COM | 92719W108 | 1,887 | 550,000 | SH | Call | DFND | 1 | 0 | 550,000 | 0 |
| Walter Investment Management Corp. | NOTE 4.500%11/0 | 93317WAA0 | 25,252 | 34,342,000 | PRN | DFND | 1 | 0 | 34,342,000 | 0 | |
| Walter Investment Management Corp. | COM | 93317W102 | 8,125 | 500,000 | SH | Put | DFND | 1 | 0 | 500,000 | 0 |
| Western Union Co/The | COM | 959802109 | 1,836 | 100,000 | SH | Put | DFND | 1 | 0 | 100,000 | 0 |
| Winthrop Realty Trust | SH BEN INT NEW | 976391300 | 41,675 | 2,902,172 | SH | DFND | 1 | 0 | 2,902,172 | 0 | |
| WP GLIMCHER, Inc. | COM | 92939N102 | 1,266 | 108,600 | SH | Put | DFND | 1 | 0 | 108,600 | 0 |
| XILINX INC | NOTE 2.625% 6/1 | 983919AF8 | 7,475 | 5,000,000 | PRN | DFND | 1 | 0 | 5,000,000 | 0 | |
| Canadian Imperial Bank of Commerce | COM | 136069101 | 7,131 | 99,100 | SH | Put | DFND | 1 | 0 | 99,100 | 0 |