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
ADCARE HEALTH SYSTEMS INC COM 00650W300 43 10,000 SH   SOLE   10,000 0 0
AMERICAN EXPRESS CO COM 025816109 318 3,500 SH   SOLE   3,500 0 0
ANAREN INC COM COM 032744104 2,085 74,500 SH   SOLE   74,500 0 0
ANGLOGOLD LTD SPONSORED ADR COM 035128206 152 13,000 SH   SOLE   13,000 0 0
ASCMA 4 07/15/20 CV CONVERTIBLE BOND 043632AA6 1,309 1,250,000 PRN   SOLE   1,250,000 0 0
ASIAINFO-LINKAGE INC COM 04518A104 2,316 193,649 SH   SOLE   193,649 0 0
BIOTA HOLDINGS LTD COM 090694100 1,622 387,048 SH   SOLE   387,048 0 0
BANK OF AMERICA COM 060505104 1,693 108,729 SH   SOLE   108,729 0 0
BANK OF NEW YORK MELLON CORP COM 064058100 384 11,000 SH   SOLE   11,000 0 0
BIOSCRIP INC COM 09069N108 74 10,000 SH   SOLE   10,000 0 0
BOB EVANS FARMS INC COM COM 096761101 220 4,346 SH   SOLE   4,346 0 0
BROOKFIELD OFFICE PPTYS INC CO COM 112900105 1,650 85,700 SH   SOLE   85,700 0 0
CABLEVISION SYS NY GROUP A COM 12686C109 2,695 150,300 SH   SOLE   150,300 0 0
CAMCO FINL CORP COM COM 132618109 1,822 272,820 SH   SOLE   272,820 0 0
CAPITALSOURCE INC COM COM 14055X102 4,106 285,700 SH   SOLE   285,700 0 0
CBS CORP CLASS A COM 124857103 535 8,400 SH   SOLE   8,400 0 0
CHATHAM LODGING TR COM COM 16208T102 1,221 59,725 SH   SOLE   59,725 0 0
CHEMED CORPORATION COM 16359R103 211 2,750 SH   SOLE   2,750 0 0
CHEMTURA CORP COM NEW COM 163893209 496 17,779 SH   SOLE   17,779 0 0
CHIPOTLE MEXICAN GRILL INC CL COM 169656105 3,463 6,500 SH   SOLE   6,500 0 0
CINCINNATI BELL COM 171871106 801 224,998 SH   SOLE   224,998 0 0
CLEAR CHANNEL OUTDOOR HLDGS CL COM 18451C109 142 14,000 SH   SOLE   14,000 0 0
COLE REAL ESTATE INVTS INC COM COM 19329V105 3,981 283,542 SH   SOLE   283,542 0 0
COLEMAN CABLE INC COM COM 193459302 2,537 96,754 SH   SOLE   96,754 0 0
COMCAST CORP CL A SPL COM 20030N200 224 4,500 SH   SOLE   4,500 0 0
COMMONWEALTH REIT COM SH BEN I COM 203233101 1,955 83,849 SH   SOLE   83,849 0 0
COMPUWARE CORP COM COM 205638109 4,848 432,432 SH   SOLE   432,432 0 0
COMVERSE INC COM COM 20585P105 1,615 41,615 SH   SOLE   41,615 0 0
CORCEPT THERAPEUTICS INC OC-CO COM 218352102 321 100,000 SH   SOLE   100,000 0 0
CORNERSTONE THERAPEUTICS INC C COM 21924P103 372 39,201 SH   SOLE   39,201 0 0
CORNING INC COM 219350105 321 18,000 SH   SOLE   18,000 0 0
COSTA INC CL A COM 22149T102 261 12,028 SH   SOLE   12,028 0 0
CUBIST PHARMACEUTICALS CVR WARRANT AND RIGH 229678123 1,101 815,317 SH   SOLE   815,317 0 0
DISCOVERY COMMS NEW SER C COM 25470F302 3,975 47,400 SH   SOLE   47,400 0 0
DISH NETWORK CORPORATION COM 25470M109 232 4,000 SH   SOLE   4,000 0 0
DYNAMICS RESH CORP COM COM 268057106 1,135 98,900 SH   SOLE   98,900 0 0
EATON CORP PLC SHS COM G29183103 670 8,800 SH   SOLE   8,800 0 0
EDWARDS GROUP LTD SPONSORED AD COM 281736108 405 39,800 SH   SOLE   39,800 0 0
ELDORADO GOLD CORP NEW COM COM 284902103 79 13,932 SH   SOLE   13,932 0 0
EMULEX CORP COM NEW COM 292475209 166 23,200 SH   SOLE   23,200 0 0
ENERGEN CORP COM COM 29265N108 1,877 26,533 SH   SOLE   26,533 0 0
ENERGY TRANSFER PARTNERS L PUN COM 29273R109 703 12,274 SH   SOLE   12,274 0 0
EQUAL ENERGY LTD COM 29390Q109 434 81,192 SH   SOLE   81,192 0 0
FLOW INTL CORP COM COM 343468104 1,515 375,918 SH   SOLE   375,918 0 0
FOREST OIL CORP COM PAR $0.01 COM 346091705 58 16,100 SH   SOLE   16,100 0 0
FOSTER WHEELER AGR COM H27178104 750 22,725 SH   SOLE   22,725 0 0
GENERAL MTRS CO COM COM 37045V100 204 5,000 SH   SOLE   5,000 0 0
GENTIUM S P A SPONSORED ADR COM 37250B104 517 9,050 SH   SOLE   9,050 0 0
GIANT INTERACTIVE GROUP INC AD COM 374511103 1,445 128,602 SH   SOLE   128,602 0 0
GIVEN IMAGING COM M52020100 5,477 182,066 SH   SOLE   182,066 0 0
GOLDCORP INC (US) COM 380956409 292 13,496 SH   SOLE   13,496 0 0
GRIFOLS SA SP ADR REP B NVT COM 398438408 4,010 111,018 SH   SOLE   111,018 0 0
GRUPO TELEVISA SA DE CV ADR (B COM 40049J206 272 9,000 SH   SOLE   9,000 0 0
GYRODYNE CO AMER INC COM COM 403820103 1,336 105,119 SH   SOLE   105,119 0 0
HARRIS TEETER SUPERMARKETS ICO COM 414585109 5,187 105,108 SH   SOLE   105,108 0 0
HARVEST NAT RES INC COM COM 41754V103 721 159,569 SH   SOLE   159,569 0 0
HEALTH MGMT ASSOC INC NEW CL A COM 421933102 7,098 541,828 SH   SOLE   541,828 0 0
HEICO CORP NEW CL A COM 422806208 4,804 114,046 SH   SOLE   114,046 0 0
HI-TECH PHARMACAL INC COM COM 42840B101 5,960 137,361 SH   SOLE   137,361 0 0
HUDSON CITY BANCORP INC COM COM 443683107 7,488 794,034 SH   SOLE   794,034 0 0
ICU MEDICAL INC COM 44930G107 1,688 26,500 SH   SOLE   26,500 0 0
INTERNATIONAL GAME TECH COM 459902102 1,360 74,900 SH   SOLE   74,900 0 0
LEAP WIRELESS INTL INC COM NEW COM 521863308 18,238 1,048,143 SH   SOLE   1,048,143 0 0
LENNAR B SHARES COM 526057302 3,213 95,279 SH   SOLE   95,279 0 0
LEXICON PHARMACEUTICALS INC COM 528872104 27 15,000 SH   SOLE   15,000 0 0
LIBERTY VENTURES SER A COM 53071M880 511 4,169 SH   SOLE   4,169 0 0
LIFE TECHNOLOGIES CORP COM COM 53217V109 30,127 397,451 SH   SOLE   397,451 0 0
LSI LOGIC CORP COM COM 502161102 13,495 1,222,929 SH   SOLE   1,222,929 0 0
MAC GRAY CORP COM 554153106 2,410 113,504 SH   SOLE   113,504 0 0
MARKET VECTORS ETF TR GOLD MIN MUTUAL FUNDS 57060U100 423 20,000 SH   SOLE   20,000 0 0
MENS WEARHOUSE INC COM COM 587118100 556 10,886 SH   SOLE   10,886 0 0
MOLYCORP INC DEL COM COM 608753109 176 31,400 SH   SOLE   31,400 0 0
MORGANS HOTEL GROUP CO COM COM 61748W108 3,723 457,986 SH   SOLE   457,986 0 0
MUELLER WATER PRODUCTS INC COM 624758108 94 10,000 SH   SOLE   10,000 0 0
NATIONAL FUEL GAS CO N J COM COM 636180101 421 5,900 SH   SOLE   5,900 0 0
NEOGENOMICS INC COM NEW COM 64049M209 72 20,000 SH   SOLE   20,000 0 0
NEWMONT MINING CORP HOLDING CO COM 651639106 310 13,455 SH   SOLE   13,455 0 0
NII HLDGS INC CL B NEW COM 62913F201 43 15,500 SH   SOLE   15,500 0 0
NTS INC NEV COM COM 62943B105 459 232,800 SH   SOLE   232,800 0 0
OFFICE DEPOT INC COM 676220106 502 94,951 SH   SOLE   94,951 0 0
OMNICOM GROUP COM COM 681919106 14,485 194,773 SH   SOLE   194,773 0 0
PACTERA TECHNOLOGY INTL LTD SP COM 695255109 1,750 244,750 SH   SOLE   244,750 0 0
PEABODY ENERGY CORP COM COM 704549104 256 13,100 SH   SOLE   13,100 0 0
PEP BOYS MANNY MOE & JACK COM 713278109 512 42,171 SH   SOLE   42,171 0 0
PHH CORP COM NEW COM 693320202 2,827 116,100 SH   SOLE   116,100 0 0
PLX TECHNOLOGY INC COM COM 693417107 1,129 171,555 SH   SOLE   171,555 0 0
POST HOLDINGS INC COM 737446104 246 5,000 SH   SOLE   5,000 0 0
PROSHARES TRUST PSHS ULSHT SP5 ETF - EQUITY 74347B300 297 10,000 SH   SOLE   10,000 0 0
PVR PARTNERS LP COM 693665101 1,210 45,087 SH   SOLE   45,087 0 0
RDA MICROELECTRONICS INC SPONS COM 749394102 5,453 305,002 SH   SOLE   305,002 0 0
REAL GOODS SOLAR INC CL A COM 75601N104 45 15,000 SH   SOLE   15,000 0 0
RESPONSYS INC COM COM 761248103 2,360 86,115 SH   SOLE   86,115 0 0
ROYAL GOLD INC COM COM 780287108 484 10,500 SH   SOLE   10,500 0 0
SANOFI-AVENTIS-CVR COM 80105N113 24 70,170 SH   SOLE   70,170 0 0
SANTARUS INC COM COM 802817304 12,829 401,395 SH   SOLE   401,395 0 0
SNYDERS LANCE INC COM COM 833551104 287 10,000 SH   SOLE   10,000 0 0
SOLTA MEDICAL INC COM 83438K103 551 186,800 SH   SOLE   186,800 0 0
SPDR TR UNIT SER 1 COM 78462F103 1,731 9,370 SH   SOLE   9,370 0 0
SPWRA 4 1/2 03/15 CONVERTIBLE BOND 867652AE9 1,423 1,000,000 PRN   SOLE   1,000,000 0 0
SUNEDISON INC COM 86732Y109 183 14,000 SH   SOLE   14,000 0 0
SUNPOWER CORPORATION COM COM 867652406 209 7,000 SH   SOLE   7,000 0 0
TELEPHONE & DATA SYS COM 879433829 444 17,218 SH   SOLE   17,218 0 0
TEXAS INSTRUMENTS INC COM 882508104 307 7,000 SH   SOLE   7,000 0 0
TIME WARNER CABLE INC COM COM 88732J207 3,604 26,600 SH   SOLE   26,600 0 0
TWENTY FIRST CENTY FOX B COM 90130A200 277 8,000 SH   SOLE   8,000 0 0
T-MOBILE US INC COM 872590104 404 11,997 SH   SOLE   11,997 0 0
UNITED STATES CELLULAR CORP COM 911684108 201 4,800 SH   SOLE   4,800 0 0
UNIVERSAL AMERICAN CORP COM 91338E101 687 94,145 SH   SOLE   94,145 0 0
UNS ENERGY CORPORATION COM COM 903119105 5,434 90,800 SH   SOLE   90,800 0 0
VIACOM INC NEW CL A COM 92553P102 579 6,600 SH   SOLE   6,600 0 0
VIRGINIA COMM BANCORP INC COM COM 92778Q109 194 11,439 SH   SOLE   11,439 0 0
VIROPHARMA INC COM COM 928241108 23,925 479,941 SH   SOLE   479,941 0 0
VITRAN INC COM COM 92850E107 301 46,470 SH   SOLE   46,470 0 0
VODAFONE GROUP ADR COM 92857W209 1,694 43,100 SH   SOLE   43,100 0 0
WEATHERFORD INTERNATIONAL LTD COM H27013103 3,104 200,400 SH   SOLE   200,400 0 0
WELLS FARGO & CO NEW COM 949746101 3,711 81,743 SH   SOLE   81,743 0 0
WILLBROS GROUP INC DEL COM COM 969203108 170 18,000 SH   SOLE   18,000 0 0
WRIGHT MEDICAL GROUP INC-CVR 3 COM 98235T115 8 25,569 SH   SOLE   25,569 0 0
XYRATEX LTD COM COM G98268108 247 18,600 SH   SOLE   18,600 0 0
YONGYE INTL INC COM COM 98607B106 144 22,538 SH   SOLE   22,538 0 0
ZOLTEK COS INC COM COM 98975W104 3,638 217,212 SH   SOLE   217,212 0 0