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
AEGON NV-ORD AMERICAN REGD DG 1 PAR Equity 007924103 91 11,514 SH   SOLE   0 0 11,514
AMERICAN AIRLINES GROUP INC CO M Equity 02376R102 662 12,550 SH   SOLE   0 0 12,550
APPLE COMPUTER INC Equity 037833100 3,469 27,879 SH   SOLE   0 0 27,879
AT&T Equity 00206R102 499 15,275 SH   SOLE   0 0 15,275
BANK AMERICA Equity 060505104 206 13,368 SH   SOLE   0 0 13,368
BGC PARTNERS SR UNSECURED CONV LKD TO BGCP Fixed Income 05541TAD3 389 355,000 SH   SOLE   0 0 355,000
BLUCORA INC FIXED RT SR NT CONV Fixed Income 095229AB6 334 350,000 SH   SOLE   0 0 350,000
CBOE HOLDINGS INC COMMON Equity 12503M108 990 17,243 SH   SOLE   0 0 17,243
CELLULAR DYNAMICS INTL INC COM Equity 15117V109 165 10,051 SH   SOLE   0 0 10,051
CENTRAIS ELEC BRAS SP ADR COM Equity 15234Q207 24 13,030 SH   SOLE   0 0 13,030
CHICAGO MERCANTILE EXCHANGE HOLDINGS INC CL A Equity 12572Q105 9,859 104,092 SH   SOLE   0 0 104,092
COLONY FINANCIAL CONV Fixed Income 19624RAB2 407 375,000 SH   SOLE   0 0 375,000
DISNEY Equity 254687106 224 2,131 SH   SOLE   0 0 2,131
DOW JONE TRANSPORT INDX (ISHARES) Equity 464287192 3,519 22,469 SH   SOLE   0 0 22,469
DOW JONES SEL DIVID IDX (ISHARES) Equity 464287168 3,726 47,811 SH   SOLE   0 0 47,811
ELECTRONIC ARTS OMC SR NT CONV Fixed Income 285512AA7 445 240,000 SH   SOLE   0 0 240,000
EXXON MOBIL CORPORATION Equity 30231G102 235 2,761 SH   SOLE   0 0 2,761
FCB FINL HLDGS INC CL A COM Equity 30255G103 520 19,000 SH   SOLE   0 0 19,000
FINANCIAL SELECT SCTR IDX (SPDR) Equity 81369Y605 7,324 303,774 SH   SOLE   0 0 303,774
FXCM INC SR NOTEt CONV 2.250% Fixed Income 302693AB2 254 325,000 SH   SOLE   0 0 325,000
GENERAL ELECTRIC CO. Equity 369604103 389 15,664 SH   SOLE   0 0 15,664
Google Equity 38259P706 787 1,428 SH   SOLE   0 0 1,428
HELIX ENERGY SOLUTIONS Fixed Income 42330PAG2 364 365,000 SH   SOLE   0 0 365,000
ICONIX BRAND GROUP INC SR SB CONV NT 16 Fixed Income 451055AE7 382 325,000 SH   SOLE   0 0 325,000
INTEGRA LIFESCIENCE HOLDS CORP SR UNSECURED CONV L Fixed Income 457985AK5 365 315,000 SH   SOLE   0 0 315,000
INTEL CORP Equity 458140100 530 16,957 SH   SOLE   0 0 16,957
INTERDIGITAL INC SR NT CV 2.5% 16 Fixed Income 458660AB3 356 330,000 SH   SOLE   0 0 330,000
J2 GLOBAL SR NT CONV Fixed Income 48123VAC6 418 360,000 SH   SOLE   0 0 360,000
JOHNSON & JOHNSON Equity 478160104 505 5,016 SH   SOLE   0 0 5,016
KBW REGIONAL BANKING ETF (SPDR) Equity 78464A698 3,718 91,052 SH   SOLE   0 0 91,052
LIBERTY MEDIA CORP SR EXCHBLE DEB Fixed Income 530715AN1 363 650,000 SH   SOLE   0 0 650,000
MACQUARIE INFRASTRUCTURE Fixed Income 55608BAA3 452 380,000 SH   SOLE   0 0 380,000
MEDICINES CO SR NT CONV Fixed Income 584688AC9 434 365,000 SH   SOLE   0 0 365,000
MENTOR GRAPHIC CORP CONV Fixed Income 587200AK2 399 315,000 SH   SOLE   0 0 315,000
MERITAGE HOMES CONV Fixed Income 59001AAR3 412 385,000 SH   SOLE   0 0 385,000
MICROSOFT CORP Equity 594918104 358 8,795 SH   SOLE   0 0 8,795
MITSUBISHI UFJ FINL GROUP Equity 606822104 93 15,000 SH   SOLE   0 0 15,000
MORGAN J P & CO INC Equity 46625H100 475 7,836 SH   SOLE   0 0 7,836
MSCI EAFE IDX (ISHARES) Equity 464287465 2,208 34,413 SH   SOLE   0 0 34,413
MSCI EMERGING MARKETS IDX (ISHARES) Equity 464287234 808 20,145 SH   SOLE   0 0 20,145
NATIONAL HEALTH INVESTOR CONV Fixed Income 63633DAE4 391 365,000 SH   SOLE   0 0 365,000
NORTHSTAR REALTY FINANCE CORP COM Equity 66704R704 289 15,953 SH   SOLE   0 0 15,953
NUVASIVE INC SR NT CONV Fixed Income 670704AC9 446 355,000 SH   SOLE   0 0 355,000
NVIDIA CORP SR NT CONV Fixed Income 67066GAC8 278 235,000 SH   SOLE   0 0 235,000
OMNICARE INC SR DB CONV/CALL/P UT Fixed Income 681904AL2 364 330,000 SH   SOLE   0 0 330,000
ON SEMICONDUCTOR CORP SR SUB NT SER B Fixed Income 682189AH8 502 390,000 SH   SOLE   0 0 390,000
PDL BIOPHRARMA INC SR NT CONV Fixed Income 69329YAF1 376 390,000 SH   SOLE   0 0 390,000
PNC FINANCIAL SVCS GROUP INC Equity 693475105 555 5,951 SH   SOLE   0 0 5,951
PRICELINE GROUP INC CONV BOND Fixed Income 741503AQ9 407 305,000 SH   SOLE   0 0 305,000
PROCTER & GAMBLE Equity 742718109 387 4,719 SH   SOLE   0 0 4,719
PROSPECT CAPITAL CORPORATION COM Equity 74348T102 89 10,575 SH   SOLE   0 0 10,575
PROSPECT CAPITAL CORPORATION SR UNSECURED CONVERT Fixed Income 74348TAK8 385 370,000 SH   SOLE   0 0 370,000
ROYAL GOLD INC CONVERTIBLE SR NT Fixed Income 780287AA6 347 335,000 SH   SOLE   0 0 335,000
RUSSELL 1000 GROWTH (ISHARES) Equity 464287614 3,614 36,535 SH   SOLE   0 0 36,535
RUSSELL 2000 (ISHARES) Equity 464287655 604 4,855 SH   SOLE   0 0 4,855
RYLAND GROUP INC GTD CONV FX RT Fixed Income 783764AS2 346 355,000 SH   SOLE   0 0 355,000
S&P MID CAP TRUST Equity 78467Y107 3,863 13,933 SH   SOLE   0 0 13,933
S&P SMALLCAP 600 (ISHARES) Equity 464287804 3,913 33,156 SH   SOLE   0 0 33,156
SEACOR SMITH INC SR NT CONV Fixed Income 811904AM3 408 395,000 SH   SOLE   0 0 395,000
STANDARD & POORS DEPOSITARY (SPDR) Equity 78462F103 18,598 90,091 SH   SOLE   0 0 90,091
STARWOOD PROPERTY TRUST CONV Fixed Income 85571BAB1 394 340,000 SH   SOLE   0 0 340,000
TECHNOLOGY SELECT SPDR (SPDR) Equity 81369Y803 3,597 86,793 SH   SOLE   0 0 86,793
TOWN SPORTS INTERNATIONAL HLDG COM Equity 89214A102 89 13,000 SH   SOLE   0 0 13,000
UTILITIES SELECT INDEX (SPDR) Equity 81369Y886 3,695 83,153 SH   SOLE   0 0 83,153
VANGAURD EMERGINF MARKETS STOCK IDX (VNGD) Equity 922042858 3,711 90,797 SH   SOLE   0 0 90,797
VANGUARD DIVIDEND APPRECIATION ETF Equity 921908844 7,237 89,931 SH   SOLE   0 0 89,931
VANGUARD EUROPEAN VIPERS (VNGD) Equity 922042874 251 4,630 SH   SOLE   0 0 4,630
VANGUARD S&P MID CAP 400 IDX ETF Equity 921932885 5,009 48,865 SH   SOLE   0 0 48,865
VANGUARD TOTAL INTL. STOCK ETF Equity 921909768 4,558 90,523 SH   SOLE   0 0 90,523
VANGUARD TOTAL STOCK MARKET ETF Equity 922908769 15,636 145,787 SH   SOLE   0 0 145,787
WALGREENS BOOTS ALLIANCE INC COM Equity 931427108 263 3,111 SH   SOLE   0 0 3,111
WEBMD HEALTH CORP SR NT CV 144 A 18 Fixed Income 94770VAF9 337 330,000 SH   SOLE   0 0 330,000