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
Nationstar Mortgage Holdings Com 63861C109 3,372 91,225 SH   SOLE   91,225 0 0
Acadia Pharmaceuticals Com 4225108 1,337 53,510 SH   SOLE   53,510 0 0
Ambac Finl Group New COM New 023139884 2,204 89,755 SH   SOLE   89,755 0 0
Antares Pharma Inc Com 36642106 61 13,750 SH   SOLE   13,750 0 0
Arcelormittal Sa Mand CV NT 16 L0302D178 520 20,000 SH   SOLE   20,000 0 0
Ares Coml Real Estate Com 04013V108 989 75,496 SH   SOLE   75,496 0 0
Bank Of America 7.25% PFDSER L 7.25%CNV PFD L 60505682 796 750 SH   SOLE   750 0 0
Bank Of America Corp Com 60505104 269 17,273 SH   SOLE   17,273 0 0
Berkshire Hathaway Cl B Cl B New 84670702 709 5,978 SH   SOLE   5,978 0 0
Calumet Specialty Prod UT LTD Partner 131476103 10,060 386,641 SH   SOLE   386,641 0 0
Chevron Corp Com 166764100 257 2,059 SH   SOLE   2,059 0 0
Cisco Systems Inc Com 17275R102 630 28,090 SH   SOLE   28,090 0 0
Citigroup Inc Com 172967424 3,207 61,544 SH   SOLE   61,544 0 0
Cliffs Natural Resources Inc. COM 18683K101 230 10,000 SH   SOLE   10,000 0 0
Credit Suisse Gold Etn Goldinc LKD32ETN 22542D480 265 19,205 SH   SOLE   19,205 0 0
Delek Logistics Lp Com Unt RP Int 24664T103 253 8,000 SH   SOLE   8,000 0 0
Delek US Holdings Inc Com 246647101 1,738 50,500 SH   SOLE   50,500 0 0
Earthlink Inc Com 270321102 8,811 1,738,176 SH   SOLE   1,738,176 0 0
Exxon Mobil Corporation Com 30231G102 301 2,971 SH   SOLE   2,971 0 0
Fifth Street Finance Cp Com 31678A103 688 74,326 SH   SOLE   74,326 0 0
Ford Motor Company Com Par $0.01 345370860 219 14,200 SH   SOLE   14,200 0 0
Fortress Invt Gp Llc A CL A 34958B106 5,011 585,454 SH   SOLE   585,454 0 0
Gannett Co Inc Del Com 364730101 1,382 46,715 SH   SOLE   46,715 0 0
Gencor Industries Inc Com 368678108 172 18,000 SH   SOLE   18,000 0 0
General Electric Company COM 369604103 703 25,065 SH   SOLE   25,065 0 0
Goldman Sachs Group Inc Com 38141G104 431 2,429 SH   SOLE   2,429 0 0
Halliburton Co Hldg Co Com 406216101 254 5,000 SH   SOLE   5,000 0 0
Halozyme Therapeutics Com 40637H109 1,256 83,765 SH   SOLE   83,765 0 0
Hewlett-Packard Company Com 428236103 301 10,752 SH   SOLE   10,752 0 0
Hi-Crush Partners Lp Com Unit Ltd 428337109 1,158 30,483 SH   SOLE   30,483 0 0
Himax Technologies Adr Sponsored ADR 43289P106 298 20,250 SH   SOLE   20,250 0 0
Inovio Pharmaceuticals Com 45773H102 93 32,000 SH   SOLE   32,000 0 0
Intel Corp Com 458140100 602 23,175 SH   SOLE   23,175 0 0
Intl Business Machines Com 459200101 543 2,893 SH   SOLE   2,893 0 0
Johnson & Johnson Com 478160104 250 2,731 SH   SOLE   2,731 0 0
Kkr Financial Corp Com 482486306 9,690 794,941 SH   SOLE   794,941 0 0
Merck & Co Inc Com 58933Y105 361 7,215 SH   SOLE   7,215 0 0
Microsoft Corp Com 594918104 1,708 45,648 SH   SOLE   45,648 0 0
Mid-Con Energy Partn Lp Com Unit Repst 59560V109 655 28,684 SH   SOLE   28,684 0 0
National Oilwell Varco Com 637071101 12,731 160,081 SH   SOLE   160,081 0 0
Navios Maritime COM Y62196103 488 43,698 SH   SOLE   43,698 0 0
Navios Maritime Acqstn SHS Y62159101 703 159,694 SH   SOLE   159,694 0 0
Navios Maritime Ptnrs Unit LPI Y62267102 1,200 62,746 SH   SOLE   62,746 0 0
New Residential Inv Corp COM 64828T102 12,718 1,903,924 SH   SOLE   1,903,924 0 0
Newcastle Investment Cp Com 65105M108 14,591 2,541,903 SH   SOLE   2,541,903 0 0
Nokia Corp Spon Adr Sponsored ADR 654902204 96 11,850 SH   SOLE   11,850 0 0
Northstar Realty Fin Cp Com 66704R100 15,807 1,175,222 SH   SOLE   1,175,222 0 0
Pennantpark Cap Ltd COM 70806A106 461 33,567 SH   SOLE   33,567 0 0
Pennantpark Invt Corp COM 708062104 472 40,715 SH   SOLE   40,715 0 0
Pfizer Incorporated Com 717081103 1,072 34,998 SH   SOLE   34,998 0 0
Pimco Total Return ETF Totl Retn ETF 72201R775 261 2,490 SH   SOLE   2,490 0 0
Pitney Bowes Inc Com 724479100 5,980 256,632 SH   SOLE   256,632 0 0
Promotora De Info Adr Af ADR Cl A Shs 74343G204 654 298,537 SH   SOLE   298,537 0 0
Promotora De Info Adr Bf ADR CL B Conv 74343G303 2,828 978,424 SH   SOLE   978,424 0 0
Royal Dutch Shell A Adrf Spons ADR A 780259206 937 13,150 SH   SOLE   13,150 0 0
Seadrill Ltd SHS G7945E105 7,849 191,071 SH   SOLE   191,071 0 0
Sirius Satellite Radio Com 82967N108 38 10,880 SH   SOLE   10,880 0 0
Solar Capital Ltd Com 83413U100 846 37,497 SH   SOLE   37,497 0 0
Solar Senior Capital Com 83416M105 716 39,298 SH   SOLE   39,298 0 0
Starwood Ppty TRUST Inc Com 85571B105 7,782 280,922 SH   SOLE   280,922 0 0
Stonegate Mortgage Corp Com 86181Q300 210 12,690 SH   SOLE   12,690 0 0
Superior Energy Services Com 868157108 7,730 290,504 SH   SOLE   290,504 0 0
Teekay Corp Com Y8564W103 930 19,380 SH   SOLE   19,380 0 0
Teekay Lng Partners LPF Partnership Units Y8564M105 17,648 413,197 SH   SOLE   413,197 0 0
Teekay Offshore Partners Partnership Un Y8565J101 21,822 659,468 SH   SOLE   659,468 0 0
Teekay Tankers Ltd Cl Af CL A Y8565N102 11,138 2,834,210 SH   SOLE   2,834,210 0 0
Tronox Ltd Class A SHS CL A Q9235V101 8,750 379,285 SH   SOLE   379,285 0 0
Two Harbors Investment Com 90187B101 792 85,311 SH   SOLE   85,311 0 0
Valley National Bancorp Com 919794107 213 21,000 SH   SOLE   21,000 0 0
Visa Inc Cl A Com CL A 92826C839 1,264 5,678 SH   SOLE   5,678 0 0
Xoma Corp COM 98419J107 478 71,000 SH   SOLE   71,000 0 0
A T & T Inc. COM 00206R102 230 6,543 SH   SOLE   6,543 0 0