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
ABBVIE INC COMMON STOCK 00287Y109 792 15,000 SH   SOLE   0 0 0
ADCARE HEALTH SYSTEMS INC. COMMON STOCK 00650W300 370 86,086 SH   DFND   0 0 0
AFFILIATED MANAGERS GROUP INC. COMMON STOCK 008252108 23,820 109,832 SH   SOLE   0 0 0
AGILENT TECHNOLOGIES INC. COMMON STOCK 00846U101 715 12,500 SH   DFND   0 0 0
AKORN, INC. COMMON STOCK 009728106 336 13,639 SH   SOLE   0 0 0
ALLEGHENY TECHNOLOGIES, INC. COMMON STOCK 01741R102 2,491 69,900 SH   SOLE   0 0 0
ALLIANCE DATA SYSTEMS CORP COMMON STOCK 018581108 58,257 221,570 SH   DFND   0 0 0
AMERICAN INTERNATIONAL GROUP INC. COMMON STOCK 026874784 22,983 450,200 SH   SOLE   0 0 0
AMR CORP COMMON STOCK 02376R102 8,793 348,257 SH   SOLE   0 0 0
APOLLO GROUP COMMON STOCK 037604105 2,009 73,550 SH   SOLE   0 0 0
APPLE INC. COMMON STOCK 037833100 20,225 36,050 SH   SOLE   0 0 0
ARTHUR J GALLAGHER & CO COMMON STOCK 363576109 16,951 361,206 SH   DFND   0 0 0
ATLANTIC POWER CORP-IPS COMMON STOCK 04878Q863 685 196,902 SH   SOLE   0 0 0
AUTOMATIC DATA PROCESSING COMMON STOCK 053015103 202 2,500 SH   SOLE   0 0 0
AVI BIOPHARMA INC. COMMON STOCK 803607100 1,412 69,314 SH   DFND   0 0 0
BALL CORPORATION COMMON STOCK 058498106 1,890 36,590 SH   SOLE   0 0 0
BE AEROSPACE, INC COMMON STOCK 073302101 15,113 173,650 SH   SOLE   0 0 0
BECTON DICKINSON & CO. COMMON STOCK 075887109 566 5,124 SH   SOLE   0 0 0
BIG LOTS INC. COMMON STOCK 089302103 357 11,050 SH   SOLE   0 0 0
BIOGEN IDEC INC. COMMON STOCK 09062X103 1,318 4,714 SH   DFND   0 0 0
BIO-RAD LABORATORIES -CL B COMMON STOCK 090572207 651 5,270 SH   SOLE   0 0 0
BIOSCRIP, INC. COMMON STOCK 09069N108 829 112,000 SH   DFND   0 0 0
BIOVAIL CORP COMMON STOCK 91911K102 11,344 96,623 SH   SOLE   0 0 0
BLACKROCK BUILD AMERICA BOND CLOSE END FIXED INCOME MUTUAL FUNDS 09248X100 335 17,500 SH   SOLE   0 0 0
BLACKROCK PREFERRED AND EQUI CLOSE END FIXED INCOME MUTUAL FUNDS 092508100 340 26,000 SH   SOLE   0 0 0
BPL ACQUISITION, LP LTD PARTNERSHIP 118230101 176 2,484 SH   SOLE   0 0 0
CANON INC-SPONS ADR ADR 138006309 5,984 187,000 SH   SOLE   0 0 0
CARDINAL HEALTH INC. COMMON STOCK 14149Y108 2,349 35,159 SH   DFND   0 0 0
CBS CORP COMMON STOCK 124857202 51,477 807,616 SH   DFND   0 0 0
CEDAR FAIR LP/CANADA'S WONDERLAND LTD PARTNERSHIP 150185106 9,773 197,115 SH   SOLE   0 0 0
CELGENE CORP COMMON STOCK 151020104 1,614 9,554 SH   DFND   0 0 0
CEPHEID COMMON STOCK 15670R107 1,203 25,771 SH   DFND   0 0 0
CHARTWELL DIV & INC FUND INC CLOSE END FIXED INCOME MUTUAL FUNDS 25538A204 204 13,475 SH   SOLE   0 0 0
CHELSEA THERAPEUTICS INTERNA COMMON STOCK 163428105 355 80,000 SH   SOLE   0 0 0
CHIMERIX INC COMMON STOCK 16934W106 213 14,109 SH   SOLE   0 0 0
CHIPOTLE MEXICAN GRILL-CL A COMMON STOCK 169656105 1,332 2,500 SH   SOLE   0 0 0
CHUBB CORPORATION COMMON STOCK 171232101 377 3,900 SH   SOLE   0 0 0
CIENA CORPORATION COMMON STOCK 171779309 8,066 337,050 SH   SOLE   0 0 0
CIMAREX ENERGY CO COMMON STOCK 171798101 4,752 45,300 SH   SOLE   0 0 0
CLAYMORE/MAC GLBL SOLAR ENRG EXCHANGE TRADED FUNDS 18383Q739 1,759 50,000 SH   SOLE   0 0 0
COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION COMMON STOCK 192446102 8,492 84,092 SH   SOLE   0 0 0
COLFAX CORPORATION COMMON STOCK 194014106 10,705 168,081 SH   DFND   0 0 0
COLGATE-PALMOLIVE CO COMMON STOCK 194162103 613 9,400 SH   SOLE   0 0 0
COMMVAULT SYSTEMS INC. COMMON STOCK 204166102 1,615 21,579 SH   SOLE   0 0 0
COMPUWARE CORPORATION COMMON STOCK 205638109 43,373 3,869,144 SH   DFND   0 0 0
CONCHO RESOURCES INC. COMMON STOCK 20605P101 15,287 141,543 SH   SOLE   0 0 0
CORNING INC. COMMON STOCK 219350105 288 16,135 SH   SOLE   0 0 0
CORRECTIONS CORPORATION OF AMERICA EQUITY 22025Y407 30,532 952,030 SH   DFND   0 0 0
COVANTA HOLDING CORP COMMON STOCK 22282E102 533 30,000 SH   SOLE   0 0 0
CREDIT SUISSE ASSET MGMT INC CLOSE END FIXED INCOME MUTUAL FUNDS 224916106 44 12,254 SH   SOLE   0 0 0
CREDIT SUISSE HIGH YIELD BD CLOSE END FIXED INCOME MUTUAL FUNDS 22544F103 48 15,575 SH   SOLE   0 0 0
CROSSTEX ENERGY LP LTD PARTNERSHIP 22765U102 230 8,341 SH   SOLE   0 0 0
DENTSPLY INTERNATIONAL INC. COMMON STOCK 249030107 1,259 25,965 SH   DFND   0 0 0
DEVRY INC. COMMON STOCK 251893103 6,216 175,100 SH   DFND   0 0 0
DIREXION EMERG MKT BULL 3X EXCHANGE TRADED FUNDS 25459Y686 431 15,000 SH   SOLE   0 0 0
DIREXION GOLD MINERS BULL 2X EXCHANGE TRADED FUNDS 25459Y389 641 23,400 SH   SOLE   0 0 0
DOLLAR GENERAL CORPORATION COMMON STOCK 256677105 362 6,000 SH   SOLE   0 0 0
DOLLAR TREE INC COMMON STOCK 256746108 11,606 205,700 SH   SOLE   0 0 0
DOVER CORPORATION COMMON STOCK 260003108 5,059 52,400 SH   SOLE   0 0 0
E*TRADE FINANCIAL CORP COMMON STOCK 269246401 18,311 932,347 SH   SOLE   0 0 0
EAGLE CAPITAL GROWTH FUND CLOSE END FIXED INCOME MUTUAL FUNDS 269451100 100 12,250 SH   SOLE   0 0 0
EATON VANCE LTD DURATION FND CLOSE END FIXED INCOME MUTUAL FUNDS 27828H105 337 22,000 SH   SOLE   0 0 0
EDWARDS LIFESCIENCES CORPORATION COMMON STOCK 28176E108 1,486 22,600 SH   SOLE   0 0 0
EHEALTH INC. COMMON STOCK 28238P109 808 17,382 SH   SOLE   0 0 0
ELLSWORTH FUND LTD CLOSE END FIXED INCOME MUTUAL FUNDS 289074106 194 23,700 SH   SOLE   0 0 0
ENDOCYTE INC COMMON STOCK 29269A102 987 92,446 SH   DFND   0 0 0
ENTERPRISE PRODUCTS PARTNERS LP LTD PARTNERSHIP 293792107 268 4,037 SH   SOLE   0 0 0
EOG RESOURCES, INC COMMON STOCK 26875P101 1,057 6,300 SH   SOLE   0 0 0
EXAMWORKS INC COMMON STOCK 30066A105 966 32,343 SH   DFND   0 0 0
EXPRESS SCRIPTS HOLDING COMPANY (FKA EXPRESS SCRIPTS, INC.) COMMON STOCK 30219G108 3,518 50,083 SH   DFND   0 0 0
FACEBOOK INC COMMON STOCK 30303M102 35,507 649,729 SH   DFND   0 0 0
FAIRPOINT COMMUNICATIONS, INC. COMMON STOCK 305560302 2,553 225,708 SH   DFND   0 0 0
FAMILY DOLLAR STORES, INC. COMMON STOCK 307000109 1,360 20,935 SH   DFND   0 0 0
FEDEX CORPORATION COMMON STOCK 31428X106 15,405 107,150 SH   SOLE   0 0 0
FIDELITY NATIONAL FINL-A COMMON STOCK 31620R105 26,958 830,770 SH   DFND   0 0 0
FIFTH THIRD BANCORP COMMON STOCK 316773100 10,112 480,860 SH   SOLE   0 0 0
FLEETCOR TECHNOLOGIES OPERATING COMPANY, LLC COMMON STOCK 339041105 11,073 94,500 SH   SOLE   0 0 0
FORTINET INC COMMON STOCK 34959E109 41,523 2,170,571 SH   DFND   0 0 0
FOUNDATION MEDICINE INC COMMON STOCK 350465100 860 36,107 SH   SOLE   0 0 0
FREEPORT-MCMORAN CORP COMMON STOCK 35671D857 6,216 164,700 SH   SOLE   0 0 0
GAMESTOP CORP-CLASS A COMMON STOCK 36467W109 227 4,600 SH   SOLE   0 0 0
GENMARK DIAGNOSTICS INC COMMON STOCK 372309104 486 36,569 SH   SOLE   0 0 0
GILEAD SCIENCES, INC. COMMON STOCK 375558103 3,087 41,108 SH   DFND   0 0 0
GLOBAL LOGISTIC PROPERTIES L EQUITY B4KJWS902 993 434,000 SH   SOLE   0 0 0
GNC ACQUISITION HOLDINGS INC COMMON STOCK 36191G107 48,915 836,869 SH   DFND   0 0 0
GOOGLE INC-CL A COMMON STOCK 38259P508 15,241 13,599 SH   SOLE   0 0 0
GRAND CANYON EDUCATION INC COMMON STOCK 38526M106 1,090 25,000 SH   SOLE   0 0 0
GRAY TELEVISION, INC. COMMON STOCK 389375205 232 18,000 SH   SOLE   0 0 0
HCA HOLDINGS INC. COMMON STOCK 40412C101 1,460 30,611 SH   DFND   0 0 0
HEALTH NET INC. COMMON STOCK 42222G108 210 7,082 SH   SOLE   0 0 0
HEARTWARE LTD COMMON STOCK 422368100 678 7,223 SH   SOLE   0 0 0
HESS CORPORATION COMMON STOCK 42809H107 2,586 31,155 SH   DFND   0 0 0
INTERCEPT PHARMACEUTICALS INC COMMON STOCK 45845P108 1,409 20,636 SH   DFND   0 0 0
ISHARES MSCI JAPAN INDEX FD EXCHANGE TRADED FUNDS 464286848 3,642 300,000 SH   SOLE   0 0 0
ISHARES MSCI SOUTH KOREA IND EXCHANGE TRADED FUNDS 464286772 2,587 40,000 SH   SOLE   0 0 0
K12 INC COMMON STOCK 48273U102 37,011 1,701,660 SH   DFND   0 0 0
KARYOPHARM THERAPEUTICS INC COMMON STOCK 48576U106 595 25,956 SH   SOLE   0 0 0
KERYX BIOPHARMACEUTICALS INC. COMMON STOCK 492515101 338 26,105 SH   SOLE   0 0 0
KIRBY CORP. COMMON STOCK 497266106 15,751 158,700 SH   SOLE   0 0 0
LEGG MASON COMMON STOCK 524901105 18,731 430,800 SH   SOLE   0 0 0
LIFE TIME FITNESS COMMON STOCK 53217R207 18,095 384,992 SH   SOLE   0 0 0
LORAL COMMUNICATIONS OPTIONS 543881906 15,108 6,600 SH Call SOLE   0 0 0
LORAL SPACECOM CORP COMMON STOCK 543881106 109,088 1,347,100 SH   SOLE   0 0 0
MACTEC, INC. COMMON STOCK 576323109 21,121 645,500 SH   SOLE   0 0 0
MANAGED HI YLD PLUS FUND INC CLOSE END FIXED INCOME MUTUAL FUNDS 561911108 47 23,040 SH   SOLE   0 0 0
MARATHON PETROLEUM CORP. COMMON STOCK 56585A102 26,346 287,210 SH   DFND   0 0 0
MARKWEST ENERGY PARTNERS, L.P. LTD PARTNERSHIP 570759100 207 3,124 SH   SOLE   0 0 0
MEDIA GENERAL INC -CL B COMMON STOCK 584404107 196,971 8,715,530 SH   DFND   0 0 0
MEDICINES COMPANY COMMON STOCK 584688105 1,159 30,000 SH   SOLE   0 0 0
MELCO CROWN ENTERTAINME-ADR ADR 585464100 37,221 949,043 SH   DFND   0 0 0
MERCK & CO., INC. COMMON STOCK 58933Y105 1,038 20,741 SH   DFND   0 0 0
METLIFE INC COMMON STOCK 59156R108 11,083 205,540 SH   DFND   0 0 0
MICRON TECHNOLOGY, INC. COMMON STOCK 595112103 6,090 280,000 SH   SOLE   0 0 0
MICROSOFT CORPORATION COMMON STOCK 594918104 563 15,050 SH   SOLE   0 0 0
MIMEDX GROUP INC COMMON STOCK 602496101 568 65,000 SH   SOLE   0 0 0
MONOLITHIC POWER SYSTEMS INC. COMMON STOCK 609839105 15,160 437,394 SH   SOLE   0 0 0
MONSANTO COMPANY COMMON STOCK 61166W101 11,422 98,000 SH   SOLE   0 0 0
NANOSPHERE INC COMMON STOCK 63009F105 35 15,256 SH   DFND   0 0 0
NANOSTRING TECHNOLOGIES INC COMMON STOCK 63009R109 1,690 98,000 SH   DFND   0 0 0
NATUS MEDICAL INC. COMMON STOCK 639050103 479 21,296 SH   DFND   0 0 0
NETAPP INC COMMON STOCK 64110D104 605 14,700 SH   SOLE   0 0 0
NEWCASTLE INVESTMENT CORP. EQUITY 65105M108 9,852 1,716,429 SH   SOLE   0 0 0
NEWS CORP/NEW-CL A-W/I COMMON STOCK 65249B109 35,246 1,955,941 SH   DFND   0 0 0
NEXPOINT CREDIT STRATEGIES FUND (FKA HIGHLAND CREDIT STRATEGIES FUND) CLOSE END FIXED INCOME MUTUAL FUNDS 65340G106 13,008 1,380,865 SH   DFND   0 0 0
NMI HOLDINGS 144A COMMON STOCK 629209305 4,456 350,000 SH   SOLE   0 0 0
NORDIC AMER TANKER SHIPPING COMMON STOCK G65779106 1,979 204,000 SH   SOLE   0 0 0
NOVADAQ TECHNOLOGIES INC COMMON STOCK 66987G102 723 43,820 SH   DFND   0 0 0
NRG HOLDINGS, INC. COMMON STOCK 629377508 7,238 252,032 SH   DFND   0 0 0
NUPATHE INC COMMON STOCK 67059M100 856 261,800 SH   DFND   0 0 0
NUVASIVE INC. COMMON STOCK 670704105 2,013 62,255 SH   DFND   0 0 0
PAREXEL INTERNATIONAL CORPORATION COMMON STOCK 699462107 623 13,785 SH   DFND   0 0 0
PENDRELL CORPORATION ( F.K.A. ICO GLOBAL COMMUNICATIONS) COMMON STOCK 70686R104 91,678 45,611,145 SH   DFND   0 0 0
PERITUS HIGH YIELD ETF EXCHANGE TRADED FUNDS 00768Y503 1,264 24,443 SH   SOLE   0 0 0
PIMCO 0-5 YEAR H/Y CORP BOND EXCHANGE TRADED FUNDS 72201R783 745 7,000 SH   SOLE   0 0 0
PLAINS ALL AMER PIPELINE LP LTD PARTNERSHIP 726503105 230 4,445 SH   SOLE   0 0 0
PORTOLA PHARMACEUTICALS INC COMMON STOCK 737010108 227 8,834 SH   SOLE   0 0 0
PREMIER INC COMMON STOCK 74051N102 2,997 81,523 SH   DFND   0 0 0
PROGENICS PHARMACEUTICALS COMMON STOCK 743187106 7,816 1,466,382 SH   SOLE   0 0 0
PROSHARES ULTRA GOLD EXCHANGE TRADED FUNDS 74347W601 2,729 66,145 SH   DFND   0 0 0
PROSHRE U/S DJ-AIG CRUDE OIL EXCHANGE TRADED FUNDS 74347W668 1,295 41,000 SH   SOLE   0 0 0
PYXIS/IBOXX SENIOR LOAN ETF EXCHANGE TRADED FUNDS 430101774 32,627 1,630,654 SH   SOLE   0 0 0
QIHOO 360 TECHNOLOGIES CO LT ADR 74734M109 1,231 15,000 SH   SOLE   0 0 0
QUALITY SYSTEMS INC. COMMON STOCK 747582104 1,291 61,311 SH   DFND   0 0 0
REGENCY ENERGY PARTNERS, L.P. LTD PARTNERSHIP 75885Y107 113 4,320 SH   SOLE   0 0 0
RELIANCE STEEL & ALUMINUM COMMON STOCK 759509102 243 3,200 SH   SOLE   0 0 0
REPLIDYNE INC. COMMON STOCK 141619106 1,199 34,963 SH   DFND   0 0 0
REPLIGEN CORPORATION COMMON STOCK 759916109 285 20,900 SH   DFND   0 0 0
ROCKWELL MEDICAL TECH INC COMMON STOCK 774374102 720 68,966 SH   DFND   0 0 0
RXI PHARMACEUTICALS CORP COMMON STOCK 363256108 1,368 275,727 SH   DFND   0 0 0
SALIX PHARMACEUTICALS, LTD. COMMON STOCK 795435106 1,349 15,000 SH   SOLE   0 0 0
SBA COMMUNICATIONS CORP-CL A COMMON STOCK 78388J106 25,411 282,842 SH   DFND   0 0 0
SELECT MEDICAL CORPORATION COMMON STOCK 81619Q105 232 20,000 SH   DFND   0 0 0
SERVICE CORPORATION INTERNATIONAL COMMON STOCK 817565104 9,884 545,184 SH   DFND   0 0 0
SMALL CAP BULL 3X SHARES EXCHANGE TRADED FUNDS 25459W847 774 10,000 SH   SOLE   0 0 0
SOLARWINDS INC. COMMON STOCK 83416B109 5,618 148,500 SH   SOLE   0 0 0
SONY CORP-SPONSORED ADR ADR 835699307 26,845 1,552,650 SH   DFND   0 0 0
SPDR LEHMAN HIGH YIELD BOND EXCHANGE TRADED FUNDS 78464A417 1,825 45,000 SH   SOLE   0 0 0
SPECTRUM BRANDS, INC. COMMON STOCK 84763R101 388 5,500 SH   SOLE   0 0 0
SPIRIT REALTY CAPITAL, INC. (FKA SPIRIT FINANCE CORPORATION) EQUITY 84860W102 95,293 9,694,106 SH   DFND   0 0 0
ST. JUDE MEDICAL INC. COMMON STOCK 790849103 1,115 18,000 SH   DFND   0 0 0
STAPLES INC. COMMON STOCK 855030102 21,049 1,324,650 SH   DFND   0 0 0
STATE STREET CORPORATION COMMON STOCK 857477103 11,229 153,000 SH   SOLE   0 0 0
STREAMLINE HEALTH SOLUTIONS INC. COMMON STOCK 86323X106 1,027 147,078 SH   DFND   0 0 0
STURM RUGER & CO INC COMMON STOCK 864159108 1,096 15,000 SH   SOLE   0 0 0
SWS GROUP INC. COMMON STOCK 78503N107 15,594 2,564,786 SH   DFND   0 0 0
TARGA RESOURCES INVESTMENTS COMMON STOCK 87612G101 210 2,387 SH   SOLE   0 0 0
TEAM FINANCE LLC (A.K.A TEAM HEALTH HOLDINGS, LLC) COMMON STOCK 87817A107 489 10,729 SH   SOLE   0 0 0
THORATEC CORP. COMMON STOCK 885175307 2,187 59,755 SH   DFND   0 0 0
TIME WARNER INC. COMMON STOCK 887317303 360 5,160 SH   SOLE   0 0 0
TORCHMARK CORP. COMMON STOCK 891027104 946 12,100 SH   SOLE   0 0 0
UNDER ARMOUR INC-CLASS A COMMON STOCK 904311107 1,310 15,000 SH   SOLE   0 0 0
VALERO ENERGY CORP COMMON STOCK 91913Y100 18,700 371,035 SH   DFND   0 0 0
VERACYTE INC COMMON STOCK 92337F107 385 26,586 SH   DFND   0 0 0
VERTEX PHARMACEUTICALS INC COMMON STOCK 92532F100 780 10,500 SH   DFND   0 0 0
W.R. GRACE & CO. COMMON STOCK 38388F108 422 4,270 SH   SOLE   0 0 0
WATERS CORPORATION COMMON STOCK 941848103 1,000 10,000 SH   SOLE   0 0 0
WATSCO INC. COMMON STOCK 942622200 11,830 123,150 SH   SOLE   0 0 0
WEBMD HEALTH CORP-CLASS A COMMON STOCK 94770V102 602 15,252 SH   SOLE   0 0 0
WELLCARE HEALTH PLANS, INC. COMMON STOCK 94946T106 246 3,500 SH   SOLE   0 0 0
WESTERN DIGITAL CORPORATION COMMON STOCK 958102105 19,977 238,100 SH   SOLE   0 0 0
WISDOMTREE JAPAN DIVIDEND FD EXCHANGE TRADED FUNDS 97717W851 3,559 70,000 SH   SOLE   0 0 0
WRIGHT MEDICAL GROUP INC. EQUITY WARRANTS 98235T115 25 77,595 SH   DFND   0 0 0
ZOETIS INC COMMON STOCK 98978V103 981 30,000 SH   DFND   0 0 0