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
ARCHER DANIELS MIDLAND Com 039483102 5,172 124,993 SH   DFND 2 5,172 0 0
ARCHER DANIELS MIDLAND Com 039483102 7,242 175,000 SH   DFND 3 7,242 0 0
ARCHER DANIELS MIDLAND Com 039483102 6,207 150,007 SH   DFND 1 6,207 0 0
ASTRAZENECA PLC-SPONS ADR Com 046353108 3,068 90,000 SH   DFND 2 3,068 0 0
ASTRAZENECA PLC-SPONS ADR Com 046353108 13,977 410,000 SH   DFND 1 13,977 0 0
BP PLC - SPONS ADR Com 055622104 10,049 290,000 SH   DFND 2 10,049 0 0
BP PLC - SPONS ADR Com 055622104 3,811 110,000 SH   DFND 1 3,811 0 0
COMMUNITY HEALTH SYSTEMS Com 203668116 2 100,000 SH   DFND 0 2 0 0
COMMUNITY HEALTH SYSTEMS Com 203668116 14 700,000 SH   DFND 2 14 0 0
COMMUNITY HEALTH SYSTEMS Com 203668116 12 600,000 SH   DFND 3 12 0 0
COMMUNITY HEALTH SYSTEMS Com 203668116 12 600,000 SH   DFND 1 12 0 0
EGAIN CORP Com 28225C806 36 21,355 SH   DFND 3 36 0 0
ERICSSON LM TEL Com 294821608 4,044 564,000 SH   DFND 2 4,044 0 0
ERICSSON LM TEL Com 294821608 2,868 400,000 SH   DFND 3 2,868 0 0
ERICSSON LM TEL Com 294821608 3,843 536,000 SH   DFND 1 3,843 0 0
GLAXOSMITHKLINE PLC-SPON Com 37733W105 5,131 119,000 SH   DFND 2 5,131 0 0
GLAXOSMITHKLINE PLC-SPON Com 37733W105 12,117 281,000 SH   DFND 1 12,117 0 0
JP MORGAN CHASE & CO Com 46625H100 3,656 40,000 SH   DFND 2 3,656 0 0
JP MORGAN CHASE & CO Com 46625H100 4,241 46,400 SH   DFND 3 4,241 0 0
JP MORGAN CHASE & CO Com 46625H100 10,383 113,600 SH   DFND 1 10,383 0 0
MERCK & CO INC Com 58933Y105 12,818 200,000 SH   DFND 2 12,818 0 0
MERCK & CO INC Com 58933Y105 6,409 100,000 SH   DFND 1 6,409 0 0
MORGAN STANLEY Com 617446448 8,466 190,000 SH   DFND 2 8,466 0 0
MORGAN STANLEY Com 617446448 4,031 90,472 SH   DFND 3 4,031 0 0
MORGAN STANLEY Com 617446448 9,358 210,000 SH   DFND 1 9,358 0 0
NEWSTAR FINANCIAL INC Com 65251F105 511 48,679 SH   DFND 0 511 0 0
NEWSTAR FINANCIAL INC Com 65251F105 324 30,872 SH   DFND 1 324 0 0
NEWTEK BUSINESS SERVICES INC Com 652526203 249 15,296 SH   DFND 1 249 0 0
NEWTEK BUSINESS SERVICES INC Com 652526203 6 350 SH   DFND 0 6 0 0
NEWTEK BUSINESS SERVICES INC Com 652526203 2 126 SH   DFND 3 2 0 0
PFIZER INC Com 717081103 662 19,700 SH   DFND 0 662 0 0
PFIZER INC Com 717081103 120 3,575 SH   DFND 2 120 0 0
PFIZER INC Com 717081103 12,654 376,725 SH   DFND 1 12,654 0 0
QUORUM HEALTH CORP Com 74909E106 7 1,735 SH   DFND 0 7 0 0
QUORUM HEALTH CORP Com 74909E106 258 62,148 SH   DFND 2 258 0 0
QUORUM HEALTH CORP Com 74909E106 43 10,413 SH   DFND 3 43 0 0
QUORUM HEALTH CORP Com 74909E106 458 110,413 SH   DFND 1 458 0 0
ROYAL DUTCH SHELL PLC-ADR A Com 780259206 5,319 100,000 SH   DFND 3 5,319 0 0
ROYAL DUTCH SHELL PLC-ADR A Com 780259206 5,319 100,000 SH   DFND 1 5,319 0 0
SANOFI-AVENTIS Com 80105N105 7,187 150,000 SH   DFND 2 7,187 0 0
SANOFI-AVENTIS Com 80105N105 14,373 300,000 SH   DFND 1 14,373 0 0
STAGE STORES INC Com 85254C305 34 16,489 SH   DFND 3 34 0 0
STAGE STORES INC Com 85254C305 0 2 SH   DFND 0 0 0 0
STAPLES INC Com 855030102 5,035 500,000 SH   DFND 2 5,035 0 0
STAPLES INC Com 855030102 7,049 700,000 SH   DFND 1 7,049 0 0
TOTAL SA-SOPN ADR Com 89151E109 4,959 100,000 SH   DFND 2 4,959 0 0
TOTAL SA-SOPN ADR Com 89151E109 9,918 200,000 SH   DFND 1 9,918 0 0
WESTERN UNION CO/THE Com 959802109 9,525 500,000 SH   DFND 2 9,525 0 0
WESTERN UNION CO/THE Com 959802109 3,810 200,000 SH   DFND 1 3,810 0 0
WILLIAMS COMPANIES INC Com 969457100 10,598 350,000 SH   DFND 2 10,598 0 0