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
AFFYMETRIX INC NOTE 4.000% 7/0 00826TAH1 493 500,000 PRN   DFND 2 500,000 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 865 21,262 SH   DFND   21,262 0 0
AMERICAN INTL GROUP INC COM 026874784 415 9,293 SH   DFND   9,293 0 0
APPROACH RESOURCES INC COM 03834A103 328 13,339 SH   DFND 1 13,339 0 0
ASIA ENTN & RESOURCES LTD SHS G0539K108 2,124 505,717 SH   DFND   505,717 0 0
ASSOCIATED ESTATES RLTY CORP COM 045604105 1,773 110,257 SH   DFND   110,257 0 0
ATLAS ENERGY LP COM UNITS LP 04930A104 201 4,096 SH   DFND 1 4,096 0 0
BARRETT BILL CORP NOTE 5.000% 3/1 06846NAA2 500 500,000 PRN   DFND 2 500,000 0 0
BELO CORP COM SER A 080555105 740 53,011 SH   DFND   53,011 0 0
BERRY PETE CO CL A 085789105 314 7,429 SH   DFND 1 7,429 0 0
BGC PARTNERS INC CL A 05541T101 640 108,741 SH   DFND   108,741 0 0
BMC SOFTWARE INC COM 055921100 356 7,883 SH   DFND   7,883 0 0
BRIGGS & STRATTON CORP COM 109043109 415 20,946 SH   DFND 1 20,946 0 0
CA INC COM 12673P105 332 11,600 SH   DFND   11,600 0 0
CENTRAL GARDEN & PET CO CL A 153527205 338 49,038 SH   DFND   49,038 0 0
CHESAPEAKE ENERGY CORP COM 165167107 245 12,000 SH   DFND   12,000 0 0
CHILDRENS PL RETAIL STORES I COM 168905107 620 11,307 SH   DFND 1 11,307 0 0
CIT GROUP INC COM 125581801 431 9,245 SH   DFND   9,245 0 0
CITIGROUP INC COM 172967424 926 19,311 SH   DFND   19,311 0 0
CLEAR CHANNEL OUTDOOR HLDGS CL A 18451C109 120 16,130 SH   DFND   16,130 0 0
COBALT INTL ENERGY INC NOTE 2.625%12/0 19075FAA4 721 680,000 PRN   DFND 2 680,000 0 0
COINSTAR INC COM 19259P300 549 9,352 SH   DFND 1 9,352 0 0
COMMAND SEC CORP COM 20050L100 106 70,000 SH   DFND   70,000 0 0
COMPUTER SCIENCES CORP COM 205363104 674 15,400 SH   DFND   15,400 0 0
COMVERSE INC COM 20585P105 1,051 35,323 SH   DFND   35,323 0 0
COOPER TIRE & RUBR CO COM 216831107 328 9,887 SH   DFND   9,887 0 0
CORESITE RLTY CORP COM 21870Q105 1,290 40,557 SH   DFND   40,557 0 0
CORNING INC COM 219350105 1,375 96,603 SH   DFND   96,603 0 0
CUBESMART COM 229663109 1,885 117,970 SH   DFND   117,970 0 0
CYNOSURE INC CL A 232577205 837 32,216 SH   DFND 1 32,216 0 0
CYPRESS SEMICONDUCTOR CORP COM 232806109 629 58,591 SH   DFND 1 58,591 0 0
DCT INDUSTRIAL TRUST INC COM 233153105 375 52,500 SH   DFND   52,500 0 0
E TRADE FINANCIAL CORP COM 269246401 609 48,100 SH   DFND   48,100 0 0
EASTGROUP PPTY INC COM 277276101 499 8,875 SH   DFND   8,875 0 0
ELECTRO RENT CORP COM 285218103 447 26,595 SH   DFND   26,595 0 0
ELLIE MAE INC COM 28849P100 433 18,741 SH   DFND 1 18,741 0 0
EMERITUS CORP COM 291005106 1,582 68,255 SH   DFND   68,255 0 0
ENCORE CAP GROUP INC NOTE 3.000%11/2 292554AC6 724 600,000 PRN   DFND 2 600,000 0 0
ENDOCYTE INC COM 29269A102 225 17,160 SH   DFND   17,160 0 0
ENTEGRIS INC COM 29362U104 203 21,613 SH   DFND 1 21,613 0 0
EQUINIX INC COM 29444U502 335 1,813 SH   DFND   1,813 0 0
EXAR CORP COM 300645108 237 21,961 SH   DFND   21,961 0 0
EZCHIP SEMICONDUCTOR LIMITED ORD M4146Y108 455 16,861 SH   DFND 1 16,861 0 0
F5 NETWORKS INC COM 315616102 790 11,485 SH   DFND 1 11,485 0 0
FAIRPOINT COMMUNICATIONS INC COM 305560302 355 42,501 SH   DFND   42,501 0 0
FELCOR LODGING TR INC COM 31430F101 1,760 297,821 SH   DFND   297,821 0 0
FIDELITY NATIONAL FINANCIAL NOTE 4.250% 8/1 31620RAE5 656 500,000 PRN   DFND 2 500,000 0 0
FINISAR CORP COM 31787A507 441 25,995 SH   DFND 1 25,995 0 0
FIRST INDUSTRIAL REALTY TRUS COM 32054K103 904 59,561 SH   DFND   59,561 0 0
FIRST POTOMAC RLTY TR COM 33610F109 1,919 146,926 SH   DFND   146,926 0 0
FORESTAR GROUP INC COM 346233109 2,881 143,624 SH   DFND   143,624 0 0
GENERAL CABLE CORP FRNT 4.500%11/1 369300AL2 1,103 1,000,000 PRN   DFND 2 1,000,000 0 0
GOOGLE INC CL A 38259P508 563 639 SH   DFND   639 0 0
GRAY TELEVISION INC COM 389375106 682 94,706 SH   DFND   94,706 0 0
GREAT LAKES DREDGE & DOCK CO COM 390607109 312 39,900 SH   DFND 1 39,900 0 0
HACKETT GROUP INC COM 404609109 53 10,230 SH   DFND   10,230 0 0
HANESBRANDS INC COM 410345102 1,862 36,213 SH   DFND 1 36,213 0 0
HARLEY DAVIDSON INC COM 412822108 339 6,191 SH   DFND 1 6,191 0 0
HHGREGG INC COM 42833L108 244 15,290 SH   DFND 1 15,290 0 0
HOWARD HUGHES CORP COM 44267D107 3,025 26,987 SH   DFND   26,987 0 0
HUNTSMAN CORP COM 447011107 166 10,000 SH   DFND   10,000 0 0
INDEPENDENT BK GROUP INC COM 45384B106 966 31,760 SH   DFND   31,760 0 0
INFOBLOX INC COM 45672H104 284 9,718 SH   DFND   9,718 0 0
INSULET CORP NOTE 3.750% 6/1 45784PAC5 1,356 1,040,000 PRN   DFND 2 1,040,000 0 0
INTEGRATED DEVICE TECHNOLOGY COM 458118106 1,238 155,909 SH   DFND 1 155,909 0 0
INTELSAT S A COM L5140P101 382 19,107 SH   DFND   19,107 0 0
INTERFACE INC COM 458665304 243 14,302 SH   DFND 1 14,302 0 0
IPG PHOTONICS CORP COM 44980X109 1,269 20,902 SH   DFND 1 20,902 0 0
ISHARES TR RUSSELL 2000 COM 464287655 134 95,100 SH Put DFND   95,100 0 0
JOURNAL COMMUNICATIONS INC CL A 481130102 199 26,633 SH   DFND   26,633 0 0
KB HOME COM 48666K109 392 19,969 SH   DFND   19,969 0 0
KITE RLTY GROUP TR COM 49803T102 1,569 260,215 SH   DFND   260,215 0 0
KOPPERS HOLDINGS INC COM 50060P106 387 10,133 SH   DFND   10,133 0 0
KORN FERRY INTL COM 500643200 871 46,500 SH   DFND 1 46,500 0 0
LA Z BOY INC COM 505336107 455 22,457 SH   DFND 1 22,457 0 0
LENNAR CORP CL A 526057104 1,064 29,513 SH   DFND 1 29,513 0 0
LENNOX INTL INC COM 526107107 603 9,340 SH   DFND 1 9,340 0 0
LORAL SPACE & COMMUNICATNS I COM 543881106 577 9,621 SH   DFND   9,621 0 0
LYONDELLBASELL INDUSTRIES CL A N53745100 496 7,487 SH   DFND   7,487 0 0
MACQUARIE INFRASTR CO LLC INT 55608B105 903 16,895 SH   DFND   16,895 0 0
MBIA INC COM 55262C100 882 66,296 SH   DFND   66,296 0 0
MGC DIAGNOSTICS CORP COM 552768103 151 18,100 SH   DFND   18,100 0 0
MICRON TECHNOLOGY INC COM 595112103 587 40,962 SH   DFND 1 40,962 0 0
MICROSOFT CORP COM 594918104 2,068 59,904 SH   DFND   59,904 0 0
MKS INSTRUMENT INC COM 55306N104 222 8,358 SH   DFND 1 8,358 0 0
MONOTYPE IMAGING HOLDINGS IN COM 61022P100 1,167 45,930 SH   DFND   45,930 0 0
MOODYS CORP COM 615369105 780 12,809 SH   DFND   12,809 0 0
NEUSTAR INC CL A 64126X201 418 8,594 SH   DFND   8,594 0 0
NEWCASTLE INVT CORP COM 65105M108 1,800 344,179 SH   DFND   344,179 0 0
NORTHERN OIL & GAS INC NEV COM 665531109 591 44,282 SH   DFND 1 44,282 0 0
NORTHSTAR RLTY FIN CORP COM 66704R100 1,886 207,202 SH   DFND   207,202 0 0
OCWEN FINL CORP COM 675746309 556 13,490 SH   DFND   13,490 0 0
OLIN CORP COM 680665205 425 17,755 SH   DFND 1 17,755 0 0
OMNIAMERICAN BANCORP INC COM 68216R107 2,165 98,282 SH   DFND   98,282 0 0
ORBCOMM INC COM 68555P100 101 22,526 SH   DFND   22,526 0 0
OSI SYSTEMS INC COM 671044105 633 9,821 SH   DFND 1 9,821 0 0
PAREXEL INTL CORP COM 699462107 336 7,306 SH   DFND 1 7,306 0 0
PIER 1 IMPORTS INC COM 720279108 387 16,454 SH   DFND 1 16,454 0 0
PINNACLE ENTMT INC COM 723456109 273 13,859 SH   DFND   13,859 0 0
PINNACLE FOODS INC DEL COM 72348P104 242 10,000 SH   DFND   10,000 0 0
POLYCOM INC COM 73172K104 143 13,601 SH   DFND 1 13,601 0 0
QUALCOMM INC COM 747525103 343 5,621 SH   DFND   5,621 0 0
QUALYS INC COM 74758T303 249 15,430 SH   DFND   15,430 0 0
QUANTA SVCS INC COM 74762E102 417 15,753 SH   DFND 1 15,753 0 0
RESPONSYS INC COM 761248103 144 10,068 SH   DFND   10,068 0 0
RF MICRODEVICES INC COM 749941100 242 45,152 SH   DFND 1 45,152 0 0
ROCKWOOD HLDGS INC COM 774415103 337 5,256 SH   DFND   5,256 0 0
SAIC INC COM 78390X101 1,039 74,576 SH   DFND   74,576 0 0
SALIX PHARMACEUTICALS INC NOTE 1.500% 3/1 795435AE6 203 170,000 PRN   DFND 2 170,000 0 0
SAVIENT PHARMACEUTICALS INC NOTE 4.750% 2/0 80517QAA8 100 500,000 PRN   DFND 2 500,000 0 0
SCIENTIFIC GAMES CORP CL A 80874P109 921 81,828 SH   DFND 1 81,828 0 0
SCRIPPS NETWORKS INTERACT IN CL A COM 811065101 230 3,445 SH   DFND   3,445 0 0
SEAGATE TECHNOLOGY PLC SHS G7945M107 400 8,913 SH   DFND   8,913 0 0
SERVICESOURCE INTL LLC COM 81763U100 168 18,000 SH   DFND   18,000 0 0
SIRIUS XM RADIO INC COM 82967N108 313 93,428 SH   DFND   93,428 0 0
SKECHERS U S A INC CL A 830566105 912 37,966 SH   DFND 1 37,966 0 0
SKYWORKS SOLUTIONS INC COM 83088M102 1,073 49,017 SH   DFND 1 49,017 0 0
SONIC CORP COM 835451105 253 17,369 SH   DFND 1 17,369 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 282 2,368 SH   DFND   2,368 0 0
SPLUNK INC COM 848637104 305 6,584 SH   DFND   6,584 0 0
STAG INDL INC COM 85254J102 453 22,719 SH   DFND   22,719 0 0
STAGE STORES INC COM 85254C305 258 10,979 SH   DFND 1 10,979 0 0
STONE ENERGY CORP NOTE 1.750% 3/0 861642AN6 463 500,000 PRN   DFND 2 500,000 0 0
SUMMIT HOTEL PPTYS COM 866082100 448 47,365 SH   DFND 1 47,365 0 0
THERAVANCE INC NOTE 2.125% 1/1 88338TAB0 1,156 750,000 PRN   DFND 2 750,000 0 0
TRADE STR RESIDENTIAL INC COM 89255N203 664 75,407 SH   DFND   75,407 0 0
TRIMAS CORP COM 896215209 403 10,808 SH   DFND 1 10,808 0 0
TRIQUINT SEMICONDUCTOR INC COM 89674K103 450 65,003 SH   DFND 1 65,003 0 0
TRW AUTOMOTIVE HLDGS CORP COM 87264S106 1,023 15,391 SH   DFND   15,391 0 0
TYSON FOODS INC NOTE 3.250%10/1 902494AP8 762 500,000 PRN   DFND 2 500,000 0 0
UBIQUITI NETWORKS INC COM 90347A100 296 16,900 SH   DFND   16,900 0 0
VECTOR GROUP LTD FRNT 1/1 92240MAY4 919 787,000 PRN   DFND 2 787,000 0 0
VERINT SYS INC COM 92343X100 351 9,900 SH   DFND   9,900 0 0
VERISIGN INC COM 92343E102 851 19,049 SH   DFND   19,049 0 0
VERISIGN INC SDCV 3.250% 8/1 92343EAD4 703 500,000 PRN   DFND 2 500,000 0 0
VISA INC COM CL A 92826C839 221 1,208 SH   DFND   1,208 0 0
VISTEON CORP COM 92839U206 464 7,350 SH   DFND   7,350 0 0
WABASH NATL CORP COM 929566107 285 28,038 SH   DFND 1 28,038 0 0
WAGEWORKS INC COM 930427109 290 8,423 SH   DFND   8,423 0 0
WESTERN DIGITAL CORP COM 958102105 373 6,001 SH   DFND 1 6,001 0 0
XERIUM TECHNOLOGIES INC COM 98416J118 137 13,415 SH   DFND   13,415 0 0
YAHOO INC COM 984332106 327 13,038 SH   DFND   13,038 0 0