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
AGL RES INC COM 001204106 2,616 41,000 SH   SOLE   41,000 0 0
AIRGAS INC COM 009363102 4,346 31,420 SH   SOLE   31,420 0 0
AIRMEDIA GROUP INC SPONSORED ADR 009411109 280 50,000 SH   SOLE   50,000 0 0
AMERICAN RESIDENTIAL PPTYS I COM 02927E303 1,890 100,000 SH   SOLE   100,000 0 0
ASTORIA FINL CORP COM 046265104 793 50,000 SH   SOLE   50,000 0 0
AVOLON HLDGS LTD COM G52237107 1,084 35,000 SH   SOLE   35,000 0 0
BIOMED REALTY TRUST INC COM 09063H107 5,804 245,000 SH   SOLE   245,000 0 0
BLOUNT INTL INC NEW COM 095180105 2,751 280,400 SH   SOLE   280,400 0 0
BONA FILM GROUP LTD SPONSORED ADS 09777B107 2,977 225,000 SH   SOLE   225,000 0 0
BOULDER BRANDS INC COM 101405108 2,531 230,500 SH   SOLE   230,500 0 0
CABLEVISION SYS CORP CL A NY CABLVS 12686C109 689 21,600 SH   SOLE   21,600 0 0
CAMERON INTERNATIONAL CORP COM 13342B105 5,688 90,000 SH   SOLE   90,000 0 0
CHEVIOT FINL CORP NEW COM 16677X105 767 50,000 SH   SOLE   50,000 0 0
CHUBB CORP COM 171232101 6,632 50,000 SH   SOLE   50,000 0 0
CLECO CORP NEW COM 12561W105 2,058 39,412 SH   SOLE   39,412 0 0
COUNTRY STYLE COOKING RESTAU SPONSORED ADR 22238M109 233 46,769 SH   SOLE   46,769 0 0
DELHAIZE GROUP SPONSORED ADR 29759W101 972 40,000 SH   SOLE   40,000 0 0
DIAMOND FOODS INC COM 252603105 1,909 49,520 SH   SOLE   49,520 0 0
ELONG INC SPONSORED ADR 290138205 347 20,300 SH   SOLE   20,300 0 0
FAIRCHILD SEMICONDUCTOR INTL COM 303726103 580 28,000 SH   SOLE   28,000 0 0
FIDELITY & GTY LIFE COM 315785105 2,676 105,496 SH   SOLE   105,496 0 0
FIRST NIAGARA FINL GP INC COM 33582V108 4,340 400,000 SH   SOLE   400,000 0 0
FURMANITE CORPORATION COM 361086101 333 50,000 SH   SOLE   50,000 0 0
HEARTLAND PMT SYS INC COM 42235N108 3,793 40,000 SH   SOLE   40,000 0 0
HF FINL CORP COM 404172108 567 30,000 SH   SOLE   30,000 0 0
HOMEINNS HOTEL GROUP SPONSORED ADR 43742E102 1,375 40,240 SH   SOLE   40,240 0 0
HUTCHINSON TECHNOLOGY INC COM 448407106 359 100,000 SH   SOLE   100,000 0 0
HYDRA INDS ACQUISITION CORP UNIT 10/20/2021 448740209 0 18,000 SH   SOLE   18,000 0 0
IAO KUN GROUP HLDG CO LTD ORD USD SHS G47204105 19 17,700 SH   SOLE   17,700 0 0
ICICI BK LTD ADR 45104G104 133 17,000 SH   SOLE   17,000 0 0
IDREAMSKY TECHNOLOGY LIMITED SPONSORED ADS 45173K101 670 50,000 SH   SOLE   50,000 0 0
INLAND REAL ESTATE CORP COM NEW 457461200 2,737 257,712 SH   SOLE   257,712 0 0
JARDEN CORP COM 471109108 2,856 50,000 SH   SOLE   50,000 0 0
JIAYUAN COM INTL LTD SPONSORED ADR 477374102 176 23,600 SH   SOLE   23,600 0 0
JOURNAL MEDIA GROUP INC COM 48114A109 678 56,411 SH   SOLE   56,411 0 0
KEURIG GREEN MTN INC COM 49271M100 4,557 50,640 SH   SOLE   50,640 0 0
KING DIGITAL ENTMT PLC ORD SHS G5258J109 4,470 250,000 SH   SOLE   250,000 0 0
KLA-TENCOR CORP COM 482480100 694 10,000 SH   SOLE   10,000 0 0
LIBERATOR MEDICAL HLDGS INC COM 53012L108 1,002 300,000 SH   SOLE   300,000 0 0
MATTSON TECHNOLOGY INC COM 577223100 585 165,600 SH   SOLE   165,600 0 0
MEDASSETS INC COM 584045108 1,808 58,432 SH   SOLE   58,432 0 0
MINDRAY MEDICAL INTL LTD SPON ADR 602675100 827 30,500 SH   SOLE   30,500 0 0
MONARCH FINANCIAL HOLDINGS I COM 60907Q100 778 43,250 SH   SOLE   43,250 0 0
NATIONAL PENN BANCSHARES INC COM 637138108 247 20,052 SH   SOLE   20,052 0 0
NEWBRIDGE BANCORP CL A NO PAR 65080T102 1,987 163,172 SH   SOLE   163,172 0 0
NTELOS HLDGS CORP COM NEW 67020Q305 1,597 174,753 SH   SOLE   174,753 0 0
OMNIVISION TECHNOLOGIES INC COM 682128103 290 10,000 SH   SOLE   10,000 0 0
PARTNERRE LTD COM G6852T105 7,227 51,721 SH   SOLE   51,721 0 0
PEP BOYS MANNY MOE & JACK COM 713278109 2,546 138,300 SH   SOLE   138,300 0 0
PHOENIX COS INC NEW COM NEW 71902E604 366 9,885 SH   SOLE   9,885 0 0
PIEDMONT NAT GAS INC COM 720186105 2,554 44,800 SH   SOLE   44,800 0 0
PLUM CREEK TIMBER CO INC COM 729251108 2,033 42,600 SH   SOLE   42,600 0 0
PMC-SIERRA INC COM 69344F106 1,601 137,767 SH   SOLE   137,767 0 0
PRECISION CASTPARTS CORP COM 740189105 8,348 35,980 SH   SOLE   35,980 0 0
QIHOO 360 TECHNOLOGY CO LTD ADS 74734M109 2,553 35,060 SH   SOLE   35,060 0 0
REALD INC COM 75604L105 804 76,200 SH   SOLE   76,200 0 0
RITE AID CORP COM 767754104 470 60,000 SH   SOLE   60,000 0 0
RIVER VY BANCORP COM 768475105 709 20,000 SH   SOLE   20,000 0 0
SOLARWINDS INC COM 83416B109 4,724 80,200 SH   SOLE   80,200 0 0
SOLERA HOLDINGS INC COM 83421A104 4,210 76,788 SH   SOLE   76,788 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 408 2,000 SH   SOLE   2,000 0 0
STANCORP FINL GROUP INC COM 852891100 7,516 66,000 SH   SOLE   66,000 0 0
STARWOOD HOTELS&RESORTS WRLD COM 85590A401 346 5,000 SH   SOLE   5,000 0 0
SYMETRA FINL CORP COM 87151Q106 8,101 255,000 SH   SOLE   255,000 0 0
TAOMEE HLDGS LTD SPONSORED ADR 87600Y106 346 96,003 SH   SOLE   96,003 0 0
TECO ENERGY INC COM 872375100 413 15,500 SH   SOLE   15,500 0 0
TELECOMMUNICATION SYS INC CL A 87929J103 1,616 325,077 SH   SOLE   325,077 0 0
UTI WORLDWIDE INC ORD G87210103 3,706 527,215 SH   SOLE   527,215 0 0
WAUSAU PAPER CORP COM 943315101 4,315 421,835 SH   SOLE   421,835 0 0
WILSHIRE BANCORP INC COM 97186T108 614 53,200 SH   SOLE   53,200 0 0
YOUKU TUDOU INC SPONSORED ADR 98742U100 2,878 106,100 SH   SOLE   106,100 0 0