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
21VIANET GROUP INC SPONSORED ADR 90138A103 19,426 1,100,000 SH   DFND 01 02 1,100,000 0 0
3-D SYS CORP DEL COM NEW 88554D205 23,088 842,000 SH   DFND 01 02 842,000 0 0
3-D SYS CORP DEL COM NEW 88554D205 19,149 860,000 SH Put DFND 01 02 860,000 0 0
AEROPOSTALE COM 007865108 2,603 750,000 SH   DFND 01 02 750,000 0 0
ALLY FINL INC COM 02005N100 66,087 3,150,000 SH   DFND 01 02 3,150,000 0 0
ALTERA CORP COM 021441100 23,601 550,000 SH   DFND 01 02 550,000 0 0
AMERICAN EXPRESS CO COM 025816109 13,671 175,000 SH   DFND 01 02 175,000 0 0
AMERICAN RLTY CAP PPTYS INC COM 02917T104 19,454 1,975,000 SH   DFND 01 02 1,975,000 0 0
ASHLAND INC NEW COM 044209104 6,366 50,000 SH   DFND 01 02 50,000 0 0
ASSURED GUARANTY LTD COM G0585R106 6,598 250,000 SH   DFND 01 02 250,000 0 0
BAKER HUGHES INC COM 057224107 50,864 800,000 SH   DFND 01 02 800,000 0 0
BANK AMER CORP COM 060505104 113 500,000 SH Call DFND 01 02 0 0 0
BARCLAYS BK PLC ADR 2 PREF 2 06739F390 1,430 55,737 PRN   DFND 01 02 0 0 55,737
CF INDS HLDGS INC COM 125269100 7,092 25,000 SH   DFND 01 02 25,000 0 0
CHICAGO BRIDGE & IRON CO N V COM 167250109 30,788 625,000 SH   DFND 01 02 625,000 0 0
COMCAST CORP NEW CL A 20030N101 5,647 100,000 SH   DFND 01 02 100,000 0 0
CONNS INC COM 208242107 3,028 100,000 SH   DFND 01 02 100,000 0 0
DARLING INGREDIENTS INC COM 237266101 18,213 1,300,000 SH   DFND 01 02 1,300,000 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 10,116 225,000 SH   DFND 01 02 225,000 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 61 100,000 SH Call DFND 01 02 0 0 0
DIRECTV COM 25490A309 353,591 4,155,000 SH   DFND 01 02 4,155,000 0 0
DRESSER-RAND GROUP INC COM 261608103 77,538 965,000 SH   DFND 01 02 965,000 0 0
EBAY INC COM 278642103 51,912 900,000 SH   DFND 01 02 900,000 0 0
EP ENERGY CORP CL A 268785102 786 75,000 SH   DFND 01 02 75,000 0 0
EXTERRAN HLDGS INC COM 30225X103 5,036 150,000 SH   DFND 01 02 150,000 0 0
FCB FINL HLDGS INC CL A 30255G103 8,531 311,686 SH   DFND 01 02 311,686 0 0
FOSSIL GROUP INC COM 34988V106 30,919 375,000 SH   DFND 01 02 375,000 0 0
GENERAL ELECTRIC CO COM 369604103 22,329 900,000 SH   DFND 01 02 900,000 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V118 365 13,139 SH   DFND 01 02 13,139 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V126 15,446 786,073 SH   DFND 01 02 786,073 0 0
GENERAL MTRS CO COM 37045V100 308,980 8,239,454 SH   DFND 01 02 8,239,454 0 0
GENERAL MTRS CO COM 37045V100 4,902 2,580,000 SH Call DFND 01 02 0 0 0
GOPRO INC CL A 38268T103 67 443,800 SH Call DFND 01 02 0 0 0
HD SUPPLY HLDGS INC COM 40416M105 38,099 1,222,900 SH   DFND 01 02 1,222,900 0 0
HOSPIRA INC COM 441060100 46,116 525,000 SH   DFND 01 02 525,000 0 0
HUNTSMAN CORP COM 447011107 31,038 1,400,000 SH   DFND 01 02 1,400,000 0 0
KEYSIGHT TECHNOLOGIES INC COM 49338L103 12,074 325,000 SH   DFND 01 02 325,000 0 0
KLX INC COM 482539103 13,489 350,000 SH   DFND 01 02 350,000 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 17,434 350,000 SH   DFND 01 02 350,000 0 0
MCDERMOTT INTL INC COM 580037109 6,528 1,700,000 SH   DFND 01 02 1,700,000 0 0
MCDONALDS CORP COM 580135101 21,924 225,000 SH   DFND 01 02 225,000 0 0
MEDICINES CO COM 584688105 2,802 100,000 SH   DFND 01 02 100,000 0 0
MEDTRONIC PLC SHS G5960L103 35,096 450,000 SH   DFND 01 02 450,000 0 0
MENS WEARHOUSE INC COM 587118100 86,652 1,660,000 SH   DFND 01 02 1,660,000 0 0
MICRON TECHNOLOGY INC COM 595112103 28,487 1,050,000 SH   DFND 01 02 1,050,000 0 0
MICROSOFT CORP COM 594918104 18,295 450,000 SH   DFND 01 02 450,000 0 0
NATIONAL BK HLDGS CORP CL A 633707104 6,852 364,271 SH   DFND 01 02 364,271 0 0
NEW ORIENTAL ED & TECH GRP I SPON ADR 647581107 24,387 1,100,000 SH   DFND 01 02 1,100,000 0 0
NIKE INC CL B 654106103 99 520,000 SH Put DFND 01 02 0 0 520,000
OASIS PETE INC NEW COM 674215108 356 25,000 SH   DFND 01 02 25,000 0 0
OFFICE DEPOT INC COM 676220106 19,320 2,100,000 SH   DFND 01 02 2,100,000 0 0
OI S.A. SPN ADR NEW 670851302 2,857 1,752,769 SH   DFND 01 02 1,752,769 0 0
OI S.A. SPN ADR PFD NEW 670851401 4,312 2,800,000 SH   DFND 01 02 2,800,000 0 0
ORBITZ WORLDWIDE INC COM 68557K109 20,988 1,800,000 SH   DFND 01 02 1,800,000 0 0
PACIFIC DRILLING SA LUXEMBOU REG SHS L7257P106 195 50,000 SH   DFND 01 02 50,000 0 0
PARSLEY ENERGY INC CL A 701877102 799 50,000 SH   DFND 01 02 50,000 0 0
PHARMACYCLICS INC COM 716933106 106,219 415,000 SH   DFND 01 02 415,000 0 0
QIWI PLC SPON ADR REP B 74735M108 790 75,000 SH   DFND 01 02 75,000 0 0
ROYAL BK SCOTLAND GROUP PLC ADR PFD SER P 780097762 22,456 913,223 PRN   DFND 01 02 0 0 913,223
ROYAL BK SCOTLAND GROUP PLC ADR PREF SER N 780097770 963 38,515 PRN   DFND 01 02 0 0 38,515
ROYAL BK SCOTLAND GROUP PLC ADR PREF SHS R 780097747 17,680 718,418 PRN   DFND 01 02 0 0 718,418
SALIX PHARMACEUTICALS INC COM 795435106 60,484 350,000 SH   DFND 01 02 350,000 0 0
SEARS HLDGS CORP COM 812350106 1,759 42,500 SH   DFND 01 02 42,500 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 2,773 115,000 SH   DFND 01 02 115,000 0 0
SINA CORP NOTE 1.000%12/0 82922RAD5 49,527 54,500,000 PRN   DFND 01 02 0 0 54,500,000
SPDR S&P 500 ETF TR TR UNIT 78462F103 2,070 850,000 SH Put DFND 01 02 0 0 850,000
SPDR S&P 500 ETF TR TR UNIT 78462F103 16 3,000,000 SH Call DFND 01 02 0 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 2,266 450,000 SH Call DFND 01 02 0 0 0
STARWOOD PPTY TR INC NOTE 3.750%10/1 85571BAC9 13,049 12,500,000 PRN   DFND 01 02 0 0 12,500,000
SUNEDISON INC COM 86732Y109 28,800 1,200,000 SH   DFND 01 02 1,200,000 0 0
SYNCHRONY FINL COM 87165B103 19,728 650,000 SH   DFND 01 02 650,000 0 0
TALISMAN ENERGY INC COM 87425E103 49,920 6,500,000 SH   DFND 01 02 6,500,000 0 0
TALMER BANCORP INC COM 87482X101 11,486 750,000 SH   DFND 01 02 750,000 0 0
TERRAFORM PWR INC CL A COM 88104R100 6,389 175,000 SH   DFND 01 02 175,000 0 0
TIM PARTICIPACOES S A SPONSORED ADR 88706P205 27,689 1,670,000 SH   DFND 01 02 1,670,000 0 0
TIME WARNER INC COM NEW 887317303 499 150,000 SH Call DFND 01 02 0 0 0
TRAVELPORT WORLDWIDE LTD SHS G9019D104 5,344 320,000 SH   DFND 01 02 320,000 0 0
TRIBUNE MEDIA CO CL A 896047503 10,642 175,000 SH   DFND 01 02 175,000 0 0
TRW AUTOMOTIVE HLDGS CORP COM 87264S106 88,074 840,000 SH   DFND 01 02 840,000 0 0
TYSON FOODS INC CL A 902494103 7,660 200,000 SH   DFND 01 02 200,000 0 0
ULTRA PETROLEUM CORP COM 903914109 1,563 100,000 SH   DFND 01 02 100,000 0 0
UNITED CONTL HLDGS INC COM 910047109 673 10,000 SH   DFND 01 02 10,000 0 0
V F CORP COM 918204108 77 62,500 SH Put DFND 01 02 0 0 62,500
VALEANT PHARMACEUTICALS INTL COM 91911K102 44,690 225,000 SH   DFND 01 02 225,000 0 0
VIOLIN MEMORY INC COM 92763A101 2,828 750,000 SH   DFND 01 02 750,000 0 0
YRC WORLDWIDE INC COM PAR $.01 984249607 22,881 1,274,000 SH   DFND 01 02 1,274,000 0 0
YUM BRANDS INC COM 988498101 3,936 50,000 SH   DFND 01 02 50,000 0 0