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
Alcoa Inc COM 013817101 579 38,872 SH   SOLE   0 0 38,872
Apple Computer Inc com 037833100 9,085 97,761 SH   SOLE   0 0 97,761
Acadia Pharmaceuticals Com 004255108 2,803 124,060 SH   SOLE   0 0 124,060
Ares Coml Real Estate Com 04013v108 1,139 91,746 SH   SOLE   0 0 91,746
Ambac Finl Group New COM New 023139884 7,725 282,874 SH   SOLE   0 0 282,874
Anacor Pharmaceuticals COM 032420101 352 19,840 SH   SOLE   0 0 19,840
Atlas Pipeline Part Lp Unit l p int 049392103 947 27,543 SH   SOLE   0 0 27,543
Antares Pharma Inc Com 036642106 37 13,750 SH   SOLE   0 0 13,750
Bank Of America Corp Com 060505104 225 14,639 SH   SOLE   0 0 14,639
Berkshire Hathaway Cl B Cl B New 084670702 750 5,925 SH   SOLE   0 0 5,925
Citigroup Inc Com 172967954 2,899 61,544 SH   SOLE   0 0 61,544
Calumet Specialty Prod UT LTD Partner 131476103 12,863 404,504 SH   SOLE   0 0 404,504
Cliffs Natural Resources Inc. COM 18683K101 143 10,000 SH   SOLE   0 0 10,000
Cisco Systems Inc Com 17275R102 698 28,090 SH   SOLE   0 0 28,090
Chevron Corp Com 166764100 236 1,809 SH   SOLE   0 0 1,809
Delek US Holdings Inc Com 246647101 1,426 50,500 SH   SOLE   0 0 50,500
Delek Logistics Lp Com Unt RP Int 24664T103 276 8,000 SH   SOLE   0 0 8,000
Devon Energy Cp New COM 25179M103 10,884 137,083 SH   SOLE   0 0 137,083
Dyax Corp COM 26746E103 673 70,100 SH   SOLE   0 0 70,100
Earthlink Holdings Corp Com 270321102 6,969 1,873,411 SH   SOLE   0 0 1,873,411
Ford Motor Company Com Par $0.01 345370860 245 14,200 SH   SOLE   0 0 14,200
Spdr Euro Stoxx 50 Etf Stoxx Eur 50 ETF 78463X202 6,023 139,190 SH   SOLE   0 0 139,190
Fifth Street Finance Cp Com 31678A103 870 88,519 SH   SOLE   0 0 88,519
Gannett Co Inc Del Com 364730101 1,563 49,935 SH   SOLE   0 0 49,935
General Electric Company COM 369604103 664 25,265 SH   SOLE   0 0 25,265
Gencor Industries Inc Com 368678108 204 18,500 SH   SOLE   0 0 18,500
Synageva Biopharma Corp Com 87189A103 807 7,705 SH   SOLE   0 0 7,705
Goldcorp Inc New Com 380956409 9,514 340,872 SH   SOLE   0 0 340,872
Gaming & Leisure Pptys Com 36467J108 1,011 29,750 SH   SOLE   0 0 29,750
Goldman Sachs Group Inc Com 38141G104 329 1,964 SH   SOLE   0 0 1,964
Halliburton Co Hldg Co Com 406216101 355 5,000 SH   SOLE   0 0 5,000
Halozyme Therapeutics Com 40637H109 444 44,965 SH   SOLE   0 0 44,965
Hi-Crush Partners Lp Com Unit Ltd 428337109 921 14,043 SH   SOLE   0 0 14,043
Hewlett-Packard Company Com 428236103 362 10,752 SH   SOLE   0 0 10,752
Intel Corp Com 458140100 716 23,175 SH   SOLE   0 0 23,175
Johnson & Johnson Com 478160104 266 2,545 SH   SOLE   0 0 2,545
Mid-Con Energy Partn Lp Com Unit Repst 59560V109 820 35,323 SH   SOLE   0 0 35,323
Merck & Co Inc Com 58933Y105 390 6,736 SH   SOLE   0 0 6,736
Microsoft Corp Com 594918104 1,879 45,048 SH   SOLE   0 0 45,048
Arcelormittal Sa Mand CV NT 16 L0302D178 450 20,000 SH   SOLE   0 0 20,000
Newcastle Investment Cp Com 65105M108 18,117 3,782,305 SH   SOLE   0 0 3,782,305
New Media Inv Grp Inc COM 64704V106 6,075 430,533 SH   SOLE   0 0 430,533
Navios Maritime Ptnrs Unit LPI Y62267102 1,375 70,706 SH   SOLE   0 0 70,706
Navios Maritime Acqstn SHS Y62159101 704 189,679 SH   SOLE   0 0 189,679
Nokia Corp Spon Adr Sponsored ADR 654902204 90 11,850 SH   SOLE   0 0 11,850
National Oilwell Varco Com 637071101 13,162 159,825 SH   SOLE   0 0 159,825
Northstar Realty Fin Cp Com 66704R100 13,941 802,143 SH   SOLE   0 0 802,143
New Residential Inv Corp COM 64828T102 5,975 948,483 SH   SOLE   0 0 948,483
Novavax Inc COM 67002104 116 25,050 SH   SOLE   0 0 25,050
Pitney Bowes Inc Com 724479100 6,850 248,001 SH   SOLE   0 0 248,001
Pimco Dynamic Cdt Inc Fd Com SHS 72202D106 1,108 46,525 SH   SOLE   0 0 46,525
Pfizer Incorporated Com 717081103 1,015 34,207 SH   SOLE   0 0 34,207
Pennantpark Cap Ltd COM 70806A106 550 38,467 SH   SOLE   0 0 38,467
Pennantpark Invt Corp COM 708062104 537 46,893 SH   SOLE   0 0 46,893
Promotora De Info Adr Af ADR Cl A Shs 74343G204 542 288,110 SH   SOLE   0 0 288,110
Promotora De Info Adr Bf ADR CL B Conv 74343G303 2,581 1,012,071 SH   SOLE   0 0 1,012,071
Solar Capital Ltd Com 83413U100 1,002 47,068 SH   SOLE   0 0 47,068
Starwood Ppty TRUST Inc Com 85571B105 7,721 324,820 SH   SOLE   0 0 324,820
Solar Senior Capital Com 83416M105 794 47,039 SH   SOLE   0 0 47,039
Teekay Lng Partners LPF Partnership Units Y8564M105 12,776 276,887 SH   SOLE   0 0 276,887
Teekay Corp Com Y8564W103 1,268 20,374 SH   SOLE   0 0 20,374
Teekay Tankers Ltd Cl Af CL A Y8565N102 7,167 1,670,583 SH   SOLE   0 0 1,670,583
Teekay Offshore Partners Partnership Un Y8565J101 15,581 431,605 SH   SOLE   0 0 431,605
Tronox Ltd Class A SHS CL A Q9235V101 12,402 461,057 SH   SOLE   0 0 461,057
Two Harbors Investment Com 90187B101 7,466 712,388 SH   SOLE   0 0 712,388
Visa Inc Cl A Com CL A 92826C839 1,193 5,663 SH   SOLE   0 0 5,663
Valley National Bancorp Com 919794107 208 21,000 SH   SOLE   0 0 21,000
Exxon Mobil Corporation Com 30231G102 274 2,721 SH   SOLE   0 0 2,721
Xoma Corp COM 98419J107 440 95,800 SH   SOLE   0 0 95,800
Endocyte Inc COM 29269A102 71 10,775 SH   SOLE   0 0 10,775