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
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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
AIR LEASE CORP NOTE 3.875%12/0 00912XAK0 20,246 15,756,000 PRN   OTR 1 649,000 15,107,000 0
AIRTRAN HLDGS INC NOTE 5.250%11/0 00949PAD0 14,784 9,918,000 PRN   OTR 1 9,021,000 897,000 0
AKORN INC NOTE 3.500% 6/0 009728AB2 17,137 7,449,000 PRN   OTR 1 2,049,000 5,400,000 0
ALCOA INC NOTE 5.250% 3/1 013817AT8 1,348 1,045,000 PRN   OTR 1 929,000 116,000 0
ALLEGHENY TECHNOLOGIES INC NOTE 4.250% 6/0 01741RAD4 20,548 19,750,000 PRN   OTR 1 14,512,000 4,951,000 287,000
ALPHA NATURAL RESOURCES INC NOTE 2.375% 4/1 02076XAA0 349 371,000 PRN   OTR 1 0 371,000 0
ALZA CORP SDCV 7/2 02261WAB5 9,551 7,980,000 PRN   SOLE 7,980,000 0 0
APOLLO INVT CORP NOTE 5.750% 1/1 03761UAE6 12,670 11,953,000 PRN   SOLE 11,953,000 0 0
ARCHER DANIELS MIDLAND CO NOTE 0.875% 2/1 039483AW2 3,063 3,007,000 PRN   SOLE 3,007,000 0 0
ARES CAP CORP NOTE 4.875% 3/1 04010LAG8 17,590 16,913,000 PRN   OTR 1 5,913,000 11,000,000 0
ARES CAP CORP NOTE 5.750% 2/0 04010LAB9 2,717 2,527,000 PRN   OTR 1 2,349,000 7,000 171,000
ARES CAP CORP NOTE 5.750% 2/0 04010LAB9 5,364 4,972,000 PRN   SOLE 4,972,000 0 0
BAKER HUGHES INC COM 057224107 9,845 200,500 SH   OTR 1 600 199,900 0
BANK OF AMERICA CORPORATION 7.25%CNV PFD L 060505682 15,501 14,342 SH   OTR 1 12,507 1,204 631
BANK OF AMERICA CORPORATION COM 060505104 6,458 467,980 SH   OTR 1 6,800 461,180 0
BIOMARIN PHARMACEUTICAL INC NOTE 1.875% 4/2 09061GAD3 28,898 8,040,000 PRN   OTR 1 3,695,000 4,182,000 163,000
BLACKROCK FLA MUN 2020 TERM COM SHS 09250M109 1,763 116,357 SH   SOLE 116,357 0 0
BLACKROCK MUNIHLDGS NJ QLTY COM 09254X101 297 22,040 SH   SOLE 22,040 0 0
BLACKROCK MUNIYIELD CALI QLT COM 09254N103 1,503 108,437 SH   OTR 1 58,639 49,798 0
BLACKROCK MUNIYIELD FD INC COM 09253W104 1,403 105,041 SH   OTR 1 51,041 54,000 0
BOTTOMLINE TECH DEL INC NOTE 1.500%12/0 101388AA4 24,516 21,237,000 PRN   OTR 1 5,905,000 14,981,000 351,000
CAMERON INTERNATIONAL CORP COM 13342B105 4,670 80,000 SH   OTR 1 0 80,000 0
CHART INDS INC NOTE 2.000% 8/0 16115QAC4 52,926 28,372,000 PRN   OTR 1 10,991,000 17,064,000 317,000
CIENA CORP DEBT 4.000%12/1 171779AK7 24,445 16,135,000 PRN   OTR 1 1,535,000 14,600,000 0
CIENA CORP NOTE 0.875% 6/1 171779AE1 2,884 2,833,000 PRN   OTR 1 2,641,000 6,000 186,000
CIENA CORP NOTE 0.875% 6/1 171779AE1 116 113,000 PRN   SOLE 113,000 0 0
CITIGROUP INC COM NEW 172967424 18,323 377,709 SH   OTR 1 3 4 115,091 262,618 0
COBALT INTL ENERGY INC NOTE 2.625%12/0 19075FAA4 22,054 20,836,000 PRN   OTR 1 9,400,000 11,095,000 341,000
COMTECH TELECOMMUNICATIONS C NOTE 3.000% 5/0 205826AF7 2,658 2,612,000 PRN   OTR 1 2,431,000 7,000 174,000
COMTECH TELECOMMUNICATIONS C NOTE 3.000% 5/0 205826AF7 5 5,000 PRN   SOLE 5,000 0 0
CONTINENTAL AIRLS INC NOTE 4.500% 1/1 210795PU8 29,925 17,563,000 PRN   OTR 1 6,440,000 10,954,000 169,000
COVANTA HLDG CORP NOTE 3.250% 6/0 22282EAC6 38,123 27,646,000 PRN   OTR 1 10,074,000 17,274,000 298,000
DANAHER CORP DEL NOTE 1/2 235851AF9 57,536 28,539,000 PRN   OTR 1 13,095,000 15,124,000 320,000
DEALERTRACK TECHNOLOGIES INC NOTE 1.500% 3/1 242309AB8 3,833 2,967,000 PRN   OTR 1 100,000 2,867,000 0
DYNEGY INC NEW DEL COM 26817R108 253 13,120 SH   OTR 1 0 13,120 0
E M C CORP MASS NOTE 1.750%12/0 268648AM4 55,400 34,654,000 PRN   OTR 1 17,178,000 17,156,000 320,000
ENSCO PLC SHS CLASS A G3157S106 2,526 47,000 PRN   OTR 1 0 47,000 0
FORD MTR CO DEL COM PAR $0.01 345370860 33,900 2,009,500 SH   OTR 1 3 325,000 1,684,500 0
FORD MTR CO DEL NOTE 4.250%11/1 345370CN8 29,126 14,714,000 PRN   OTR 1 6,502,000 7,976,000 236,000
GENCORP INC SDCV 4.062%12/3 368682AN0 5,813 3,215,000 PRN   OTR 1 0 3,215,000 0
GENERAL MTRS CO COM 37045V100 44,134 1,226,956 SH   OTR 1 2 3 851,393 375,563 0
GENERAL MTRS CO JR PFD CNV SRB 37045V209 36,528 728,381 SH   OTR 1 271,224 449,109 8,048
GILEAD SCIENCES INC NOTE 1.000% 5/0 375558AN3 86,370 31,008,000 PRN   OTR 1 13,238,000 17,427,000 343,000
GOLDCORP INC NEW COM 380956409 15,606 600,000 SH   OTR 1 37,890 562,110 0
GOODYEAR TIRE & RUBR CO PFD CONV 5.875% 382550309 18,759 294,575 SH   OTR 1 117,524 172,176 4,875
HALLIBURTON CO COM 406216101 9,188 190,818 SH   OTR 1 4,100 186,718 0
HEALTH CARE REIT INC NOTE 3.000%12/0 42217KAR7 328 265,000 PRN   SOLE 265,000 0 0
HEALTH CARE REIT INC PFD PER CON I 42217K601 5,783 100,300 SH   OTR 1 25,700 74,600 0
HELIX ENERGY SOLUTIONS GRP I NOTE 3.250% 3/1 42330PAG2 26,671 19,957,000 PRN   OTR 1 6,849,000 12,951,000 157,000
HERTZ GLOBAL HOLDINGS INC NOTE 5.250% 6/0 42805TAA3 16,418 6,099,000 PRN   OTR 1 1,581,000 4,518,000 0
HOLOGIC INC DEBT 2.000% 3/0 436440AC5 19,235 19,104,000 PRN   OTR 1 5,522,000 13,246,000 336,000
HORNBECK OFFSHORE SVCS INC N FRNT 1.625%11/1 440543AE6 2,868 2,422,000 PRN   OTR 1 2,248,000 7,000 167,000
HORNBECK OFFSHORE SVCS INC N FRNT 1.625%11/1 440543AE6 214 181,000 PRN   SOLE 181,000 0 0
HORNBECK OFFSHORE SVCS INC N NOTE 1.500% 9/0 440543AN6 10,897 8,415,000 PRN   OTR 1 2,207,000 6,208,000 0
INSULET CORP NOTE 3.750% 6/1 45784PAC5 12,134 8,361,000 PRN   OTR 1 1,441,000 6,920,000 0
INTEL CORP SDCV 2.950%12/1 458140AD2 6,160 5,677,000 PRN   SOLE 5,677,000 0 0
INTEL CORP SDCV 2.950%12/1 458140AD2 2,488 2,298,000 PRN   OTR 1 2,133,000 6,000 159,000
INTEL CORP SDCV 3.250% 8/0 458140AF7 39,798 32,098,000 PRN   OTR 1 20,009,000 11,929,000 160,000
INTERNATIONAL GAME TECHNOLOG NOTE 3.250% 5/0 459902AQ5 20,723 18,717,000 PRN   OTR 1 9,099,000 9,323,000 295,000
IXIA NOTE 3.000%12/1 45071RAB5 17,890 15,636,000 PRN   OTR 1 2,456,000 13,006,000 174,000
JANUS CAP GROUP INC NOTE 3.250% 7/1 47102XAG0 9,526 9,339,000 PRN   OTR 1 6,300,000 3,039,000 0
KB HOME NOTE 1.375% 2/0 48666KAS8 9,574 9,381,000 PRN   OTR 1 555,000 8,826,000 0
LAM RESEARCH CORP NOTE 0.500% 5/1 512807AJ7 14,662 12,904,000 PRN   SOLE 12,904,000 0 0
LAM RESEARCH CORP NOTE 1.250% 5/1 512807AL2 6,031 5,013,000 PRN   OTR 1 4,660,000 12,000 341,000
LAM RESEARCH CORP NOTE 1.250% 5/1 512807AL2 1,003 830,000 PRN   SOLE 830,000 0 0
LIBERTY MEDIA CORP DEB 3.500% 1/1 530715AN1 6,122 11,773,000 PRN   OTR 1 10,133,000 1,640,000 0
MEDIVATION INC NOTE 2.625% 4/0 58501NAA9 14,655 10,380,000 PRN   OTR 1 104,000 10,276,000 0
MERCK & CO INC NEW COM 58933Y105 6,421 134,870 SH   OTR 1 2,600 132,270 0
METLIFE INC COM 59156R108 351 7,482 SH   SOLE 7,482 0 0
METLIFE INC UNIT 99/99/9999 59156R116 45,518 1,588,203 SH   OTR 1 531,766 1,047,967 8,470
MGM RESORTS INTERNATIONAL NOTE 4.250% 4/1 55303QAE0 16,021 12,564,000 PRN   OTR 1 3,049,000 9,346,000 169,000
MICROCHIP TECHNOLOGY INC SDCV 2.125%12/1 595017AB0 39,237 24,969,000 PRN   OTR 1 9,038,000 15,775,000 156,000
MYLAN INC NOTE 3.750% 9/1 628530AJ6 34,704 11,958,000 PRN   OTR 1 4,715,000 7,116,000 127,000
NEWMONT MINING CORP NOTE 1.250% 7/1 651639AH9 2,121 2,103,000 PRN   OTR 1 1,946,000 6,000 151,000
NEWMONT MINING CORP NOTE 1.250% 7/1 651639AH9 579 573,000 PRN   SOLE 573,000 0 0
NEWMONT MINING CORP NOTE 1.625% 7/1 651639AJ5 6,575 5,950,000 PRN   SOLE 5,950,000 0 0
NEWPARK RES INC NOTE 4.000%10/0 651718AC2 3,192 2,310,000 PRN   OTR 1 2,142,000 6,000 162,000
NEXTERA ENERGY INC UNIT 09/01/2015 65339F887 846 15,491 SH   SOLE 15,491 0 0
NOVELLUS SYS INC NOTE 2.625% 5/1 670008AD3 47,999 30,233,000 PRN   OTR 1 10,842,000 19,202,000 189,000
NUANCE COMMUNICATIONS INC DBCV 2.750% 8/1 67020YAB6 155 136,000 PRN   SOLE 136,000 0 0
NUANCE COMMUNICATIONS INC NOTE 2.750%11/0 67020YAF7 24,129 23,787,000 PRN   OTR 1 8,140,000 15,246,000 401,000
NUVEEN CA MUN MKT OPPORTUNT COM 67062U107 983 70,681 SH   OTR 1 38,711 31,970 0
NUVEEN DIV ADVANTAGE MUN FD COM 67070F100 993 76,535 SH   OTR 1 37,791 38,744 0
NUVEEN MICH QUALITY INCOME M COM 670979103 1,535 119,553 SH   OTR 1 95,050 24,503 0
NUVEEN NY AMT-FREE MUN INCOM COM 670656107 209 17,036 SH   OTR 1 0 17,036 0
NUVEEN NY DIVID ADVNTG MUN F COM 67066X107 166 12,886 SH   OTR 1 9,173 3,713 0
NUVEEN PA INVT QUALITY MUN F COM 670972108 1,994 157,999 SH   OTR 1 105,010 52,989 0
NUVEEN PA PREM INCOME MUN FD COM 67061F101 2,007 163,808 SH   OTR 1 118,308 45,500 0
OMNICARE CAP TR II PFD B TR 4.00% 68214Q200 15,716 230,210 SH   OTR 1 12,660 217,550 0
OMNICARE INC NOTE 3.500% 2/1 681904AQ1 21,693 22,730,000 PRN   OTR 1 5,627,000 17,103,000 0
OMNICARE INC NOTE 3.750%12/1 681904AN8 8,778 4,132,000 PRN   OTR 1 3,815,000 36,000 281,000
OMNICOM GROUP INC NOTE 7/3 681919AV8 15,006 12,408,000 PRN   SOLE 12,408,000 0 0
ON SEMICONDUCTOR CORP NOTE 2.625%12/1 682189AH8 5,185 4,798,000 PRN   OTR 1 4,468,000 11,000 319,000
ON SEMICONDUCTOR CORP NOTE 2.625%12/1 682189AH8 237 218,000 PRN   SOLE 218,000 0 0
PRICELINE COM INC DEBT 1.000% 3/1 741503AQ9 24,272 18,825,000 PRN   OTR 1 13,206,000 5,444,000 175,000
QUANTUM CORP NOTE 3.500%11/1 747906AG0 2,100 2,205,000 PRN   OTR 1 0 2,205,000 0
RADIAN GROUP INC NOTE 2.250% 3/0 750236AN1 11,698 7,992,000 PRN   OTR 1 441,000 7,551,000 0
RTI INTL METALS INC NOTE 1.625%10/1 74973WAB3 26,808 25,790,000 PRN   OTR 1 10,533,000 15,066,000 191,000
RTI INTL METALS INC NOTE 3.000%12/0 74973WAA5 2,462 2,155,000 PRN   OTR 1 326,000 1,829,000 0
RYLAND GROUP INC NOTE 0.250% 6/0 783764AS2 7,063 7,716,000 PRN   OTR 1 3,424,000 4,077,000 215,000
SALIX PHARMACEUTICALS INC NOTE 1.500% 3/1 795435AE6 39,843 32,363,000 PRN   OTR 1 12,323,000 19,717,000 323,000
SBA COMMUNICATIONS CORP NOTE 4.000%10/0 78388JAM8 15,864 5,959,000 PRN   OTR 1 2,738,000 3,048,000 173,000
SCHLUMBERGER LTD COM 806857108 1,944 22,000 SH   OTR 1 0 22,000 0
SPDR SERIES TRUST NUV HGHYLD MUN 78464A284 941 18,000 SH   OTR 1 0 18,000 0
STANLEY BLACK & DECKER INC UNIT 99/99/9999 854502309 56,645 412,508 SH   OTR 1 178,634 229,277 4,597
STEEL DYNAMICS INC NOTE 5.125% 6/1 858119AP5 6,526 5,975,000 PRN   OTR 1 5,419,000 268,000 288,000
TAKE-TWO INTERACTIVE SOFTWAR NOTE 1.000% 7/0 874054AD1 268 242,000 PRN   SOLE 242,000 0 0
TELEFLEX INC NOTE 3.875% 8/0 879369AA4 40,733 28,848,000 PRN   OTR 1 12,488,000 15,939,000 421,000
TEVA PHARMACEUTICAL FIN LLC DBCV 0.250% 2/0 88163VAE9 45,038 43,250,000 PRN   OTR 1 19,035,000 23,971,000 244,000
TIBCO SOFTWARE INC COM 88632Q103 4,656 181,948 SH   OTR 1 0 181,948 0
TIBCO SOFTWARE INC NOTE 2.250% 5/0 88632QAB9 561 550,000 PRN   SOLE 550,000 0 0
TIDEWATER INC COM 886423102 7,215 121,692 SH   OTR 1 600 121,092 0
TTM TECHNOLOGIES INC NOTE 3.250% 5/1 87305RAC3 5,181 5,067,000 PRN   OTR 1 4,723,000 12,000 332,000
U S CONCRETE INC COM NEW 90333L201 26,755 1,333,769 SH   OTR 1 2 4 1,076,850 256,919 0
UNITED STATES STL CORP NEW NOTE 4.000% 5/1 912909AE8 1,281 1,246,000 PRN   OTR 1 874,000 372,000 0
UNITED TECHNOLOGIES CORP UNIT 99/99/9999 913017117 54,934 841,330 SH   OTR 1 330,536 504,239 6,555
VOLCANO CORPORATION NOTE 1.750%12/0 928645AB6 5,225 5,054,000 PRN   OTR 1 4,713,000 11,000 330,000
WABASH NATL CORP NOTE 3.375% 5/0 929566AH0 32,855 25,086,000 PRN   OTR 1 10,022,000 14,748,000 316,000
WALTER INVT MGMT CORP NOTE 4.500%11/0 93317WAA0 11,118 10,563,000 PRN   OTR 1 805,000 9,758,000 0
WELLS FARGO & CO NEW PERP PFD CNV A 949746804 16,089 14,144 SH   OTR 1 12,663 1,213 268
WESCO INTL INC DBCV 6.000% 9/1 95082PAH8 14,807 5,390,000 PRN   OTR 1 2,685,000 2,549,000 156,000
WRIGHT MED GROUP INC NOTE 2.000% 8/1 98235TAC1 13,745 11,203,000 PRN   OTR 1 2,251,000 8,952,000 0
XILINX INC NOTE 2.625% 6/1 983919AF8 15,600 9,598,000 PRN   OTR 1 7,724,000 1,586,000 288,000
XPO LOGISTICS INC NOTE 4.500%10/0 983793AA8 15,090 10,331,000 PRN   OTR 1 2,976,000 7,183,000 172,000