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
AGL RES INC COM 001204106 916 15,000 SH   SOLE   15,000 0 0
AGNICO EAGLE MINES LTD CALL 008474908 1,046 3,200 SH   SOLE   3,200 0 0
AGRIUM INC CALL 008916908 1,008 4,200 SH   SOLE   4,200 0 0
AGRIUM INC COM 008916108 1,686 18,900 SH   SOLE   18,900 0 0
ALCOA INC DEP SHS 1/10TH 013817309 250 7,500 SH   SOLE   7,500 0 0
ALLERGAN PLC SHS G0177J108 7,475 27,500 SH   SOLE   27,500 0 0
ALTERA CORP PUT 021441950 221 962 SH   SOLE   962 0 0
ALTERA CORP CALL 021441900 240 800 SH   SOLE   800 0 0
ALTERA CORP COM 021441100 16,902 337,500 SH   SOLE   337,500 0 0
AMERICAN INTL GROUP INC *W EXP 01/19/202 026874156 341 6,000 SH   SOLE   6,000 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 4,324 190,486 SH   SOLE   190,486 0 0
BANCO SANTANDER SA ADR 05964H105 8,689 1,645,610 SH   SOLE   1,645,610 0 0
BARCLAYS PLC CALL 06738E904 3,192 33,600 SH   SOLE   33,600 0 0
BARCLAYS PLC ADR 06738E204 3,797 256,918 SH   SOLE   256,918 0 0
BARRICK GOLD CORP COM 067901108 222 35,000 SH   SOLE   35,000 0 0
BAYTEX ENERGY CORP COM 07317Q105 8,247 2,589,400 SH   SOLE   2,589,400 0 0
BEAZER HOMES USA INC COM NEW 07556Q881 6,954 521,715 SH   SOLE   521,715 0 0
BHP BILLITON LTD SPONSORED ADR 088606108 3,556 112,450 SH   SOLE   112,450 0 0
BLUEROCK RESIDENT GR REIT IN COM CL A 09627J102 2,396 200,000 SH   SOLE   200,000 0 0
BOFI HLDG INC COM 05566U108 6,825 52,975 SH   SOLE   52,975 0 0
BONANZA CREEK ENERGY INC COM 097793103 5,029 1,235,700 SH   SOLE   1,235,700 0 0
BROADCOM CORP PUT 111320957 832 800 SH   SOLE   800 0 0
BROADCOM CORP CL A 111320107 12,343 240,000 SH   SOLE   240,000 0 0
CABLEVISION SYS CORP CL A NY CABLVS 12686C109 2,435 75,000 SH   SOLE   75,000 0 0
CAMERON INTERNATIONAL CORP COM 13342B105 10,731 175,000 SH   SOLE   175,000 0 0
CATCHMARK TIMBER TR INC CL A 14912Y202 5,825 566,595 SH   SOLE   566,595 0 0
CENTURY CMNTYS INC COM 156504300 2,493 125,571 SH   SOLE   125,571 0 0
CENTURYLINK INC COM 156700106 1,831 72,900 SH   SOLE   72,900 0 0
CHUBB CORP COM 171232101 23,978 195,500 SH   SOLE   195,500 0 0
CITY NATL CORP COM 178566105 8,161 92,681 SH   SOLE   92,681 0 0
CRESCENT PT ENERGY CORP COM 22576C101 22,779 2,000,000 SH   SOLE   2,000,000 0 0
CURRENCYSHS BRIT POUND STER BRIT POUND STE 23129S106 2,676 18,055 SH   SOLE   18,055 0 0
CUSTOMERS BANCORP INC COM 23204G100 6,186 240,700 SH   SOLE   240,700 0 0
CYTEC INDS INC COM 232820100 6,299 85,300 SH   SOLE   85,300 0 0
DEALERTRACK TECHNOLOGIES INC COM 242309102 8,271 130,958 SH   SOLE   130,958 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C102 1,913 110,592 SH   SOLE   110,592 0 0
DOUBLE EAGLE ACQUISITION COR UNIT 99/99/9999 G28195108 2,028 200,000 SH   SOLE   200,000 0 0
ELDORADO GOLD CORP NEW COM 284902103 638 200,000 SH   SOLE   200,000 0 0
ELECTRUM SPL ACQUISITION COR UNIT 99/99/9999 G3105C120 2,964 300,000 SH   SOLE   300,000 0 0
ENSCO PLC SHS CLASS A G3157S106 2,547 180,900 SH   SOLE   180,900 0 0
EXPRESS INC COM 30219E103 10,722 600,000 SH   SOLE   600,000 0 0
FIAT CHRYSLER AUTOMOBILES N MAN COV SEC 16 N31738110 36 30,000 SH   SOLE   30,000 0 0
FIAT CHRYSLER AUTOMOBILES N SHS N31738102 58,117 4,399,500 SH   SOLE   4,399,500 0 0
FIRST MAJESTIC SILVER CORP COM 32076V103 6,714 2,108,000 SH   SOLE   2,108,000 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 1,537 113,300 SH   SOLE   113,300 0 0
FREEPORT-MCMORAN INC CL B 35671D857 4,000 412,750 SH   SOLE   412,750 0 0
FREESCALE SEMICONDUCTOR LTD SHS G3727Q101 2,305 63,000 SH   SOLE   63,000 0 0
GENWORTH FINL INC COM CL A 37247D106 6,997 1,514,500 SH   SOLE   1,514,500 0 0
GLOBAL PARTNER ACQUISITION C UNIT 07/01/2020 37954X204 2,525 250,000 SH   SOLE   250,000 0 0
GOLDCORP INC NEW CALL 380956909 540 9,000 SH   SOLE   9,000 0 0
GOODYEAR TIRE & RUBR CO COM 382550101 14,284 487,000 SH   SOLE   487,000 0 0
GORES HLDGS INC UNIT 99/99/9999 382866200 4,563 450,000 SH   SOLE   450,000 0 0
GRAN TIERRA ENERGY INC COM 38500T101 4,875 2,285,100 SH   SOLE   2,285,100 0 0
GULFMARK OFFSHORE INC CL A NEW 402629208 92 15,000 SH   SOLE   15,000 0 0
HARMONY MERGER CORP UNIT 99/99/9999 413247206 1,785 175,000 SH   SOLE   175,000 0 0
HCC INS HLDGS INC COM 404132102 7,360 95,000 SH   SOLE   95,000 0 0
HEALTH NET INC COM 42222G108 11,507 191,082 SH   SOLE   191,082 0 0
HENNESSY CAP ACQUISITION COR UNIT 99/99/9999 42588J209 2,465 250,000 SH   SOLE   250,000 0 0
HOME PROPERTIES INC COM 437306103 6,760 90,434 SH   SOLE   90,434 0 0
HOVNANIAN ENTERPRISES INC CL A 442487203 5,660 3,197,982 SH   SOLE   3,197,982 0 0
IAC INTERACTIVECORP CALL 44919P908 2,880 6,000 SH   SOLE   6,000 0 0
IAC INTERACTIVECORP COM PAR $.001 44919P508 9,066 138,900 SH   SOLE   138,900 0 0
INTREXON CORP COM 46122T102 9,737 306,200 SH   SOLE   306,200 0 0
JABIL CIRCUIT INC COM 466313103 19,151 856,100 SH   SOLE   856,100 0 0
JPMORGAN CHASE & CO *W EXP 10/28/201 46634E114 22,924 1,151,379 SH   SOLE   1,151,379 0 0
KEYCORP NEW COM 493267108 6,055 465,400 SH   SOLE   465,400 0 0
KINROSS GOLD CORP COM NO PAR 496902404 1,172 677,300 SH   SOLE   677,300 0 0
KYTHERA BIOPHARMACEUTICALS I COM 501570105 712 9,500 SH   SOLE   9,500 0 0
LAKE SHORE GOLD CORP COM 510728108 1,051 1,258,300 SH   SOLE   1,258,300 0 0
LIBERTY BROADBAND CORP COM SER C 530307305 2,452 47,912 SH   SOLE   47,912 0 0
LIBERTY MEDIA CORP DELAWARE COM SER C 531229300 14,990 435,000 SH   SOLE   435,000 0 0
MAG SILVER CORP COM 55903Q104 4,391 619,700 SH   SOLE   619,700 0 0
MANULIFE FINL CORP COM 56501R106 334 21,722 SH   SOLE   21,722 0 0
MATTEL INC COM 577081102 9,374 445,100 SH   SOLE   445,100 0 0
MCEWEN MNG INC COM 58039P107 1,397 1,600,800 SH   SOLE   1,600,800 0 0
M D C HLDGS INC COM 552676108 7,398 282,585 SH   SOLE   282,585 0 0
MORGANS HOTEL GROUP CO COM 61748W108 664 200,000 SH   SOLE   200,000 0 0
NATIONAL PENN BANCSHARES INC COM 637138108 353 30,000 SH   SOLE   30,000 0 0
NOBLE CORP PLC SHS USD G65431101 3,766 345,217 SH   SOLE   345,217 0 0
NORTH ATLANTIC DRILLING LTD COM G6613P202 1,734 2,252,211 SH   SOLE   2,252,211 0 0
NXP SEMICONDUCTORS N V COM N6596X109 6,701 76,965 SH   SOLE   76,965 0 0
OFFICE DEPOT INC COM 676220106 1,865 290,500 SH   SOLE   290,500 0 0
PACE HLDGS CORP UNIT 99/99/9999 G6865N129 256 25,000 SH   SOLE   25,000 0 0
PACIFIC ETHANOL INC COM PAR $.001 69423U305 7,397 1,139,780 SH   SOLE   1,139,780 0 0
PARTNERRE LTD COM G6852T105 21,424 154,262 SH   SOLE   154,262 0 0
PATTERSON UTI ENERGY INC COM 703481101 3,524 268,212 SH   SOLE   268,212 0 0
PDL BIOPHARMA INC NOTE 4.000% 2/0 69329YAF1 886 1,000,000 SH   SOLE   1,000,000 0 0
PRECISION CASTPARTS CORP COM 740189105 24,326 105,900 SH   SOLE   105,900 0 0
QLT INC COM 746927102 258 97,329 SH   SOLE   97,329 0 0
QORVO INC COM 74736K101 3,246 72,050 SH   SOLE   72,050 0 0
QUINPARIO ACQUISITION CORP 2 UNIT 01/01/2023 74874U200 4,626 450,000 SH   SOLE   450,000 0 0
RANDGOLD RES LTD CALL 752344909 460 1,000 SH   SOLE   1,000 0 0
REGIONS FINL CORP NEW COM 7591EP100 5,285 586,600 SH   SOLE   586,600 0 0
RESTAURANT BRANDS INTL INC COM 76131D103 36,396 1,014,343 SH   SOLE   1,014,343 0 0
REVOLUTION LIGHTING TECHNOLO COM 76155G107 950 1,000,000 SH   SOLE   1,000,000 0 0
RIO TINTO PLC SPONSORED ADR 767204100 6,764 200,000 SH   SOLE   200,000 0 0
RMG NETWORKS HLDG CORP COM 74966K102 838 997,225 SH   SOLE   997,225 0 0
SCHNITZER STL INDS CL A 806882106 5,533 408,655 SH   SOLE   408,655 0 0
SEADRILL LIMITED SHS G7945E105 527 89,372 SH   SOLE   89,372 0 0
SIGMA ALDRICH CORP COM 826552101 5,514 39,694 SH   SOLE   39,694 0 0
SILVER WHEATON CORP COM 828336107 414 34,500 SH   SOLE   34,500 0 0
SKYWORKS SOLUTIONS INC COM 83088M102 8,337 99,000 SH   SOLE   99,000 0 0
SOLERA HOLDINGS INC COM 83421A104 7,344 136,000 SH   SOLE   136,000 0 0
STANCORP FINL GROUP INC COM 852891100 3,060 26,792 SH   SOLE   26,792 0 0
STRATEGIC HOTELS & RESORTS I COM 86272T106 3,639 263,917 SH   SOLE   263,917 0 0
SUN LIFE FINL INC COM 866796105 1,218 37,947 SH   SOLE   37,947 0 0
SUNTRUST BKS INC COM 867914103 3,923 102,600 SH   SOLE   102,600 0 0
SYMETRA FINL CORP COM 87151Q106 1,826 57,703 SH   SOLE   57,703 0 0
SYNOVUS FINL CORP COM NEW 87161C501 16,477 556,639 SH   SOLE   556,639 0 0
TASEKO MINES LTD COM 876511106 3,460 8,751,700 SH   SOLE   8,751,700 0 0
TECO ENERGY INC COM 872375100 1,707 65,000 SH   SOLE   65,000 0 0
TERRAPIN 3 ACQUISITION CORP UNIT 06/27/2019 88104P203 2,652 260,000 SH   SOLE   260,000 0 0
THOMPSON CREEK METALS CO INC COM 884768102 101 218,000 SH   SOLE   218,000 0 0
THORATEC CORP COM NEW 885175307 5,693 90,000 SH   SOLE   90,000 0 0
TIME WARNER CABLE INC COM 88732J207 20,448 114,000 SH   SOLE   114,000 0 0
TRANSOCEAN LTD REG SHS H8817H100 1,486 115,000 SH   SOLE   115,000 0 0
UNISYS CORP COM NEW 909214306 7,629 641,100 SH   SOLE   641,100 0 0
VERTEX ENERGY INC COM 92534K107 464 216,800 SH   SOLE   216,800 0 0
WELLS FARGO & CO NEW COM 949746101 791 15,400 SH   SOLE   15,400 0 0
WEYERHAEUSER CO PREF CONV SER A 962166872 596 12,500 SH   SOLE   12,500 0 0
WILLIAMS PARTNERS L P NEW COM UNIT LTD PAR 96949L105 1,680 52,616 SH   SOLE   52,616 0 0
XEROX CORP COM 984121103 7,509 771,700 SH   SOLE   771,700 0 0
XL GROUP PLC SHS G98290102 8,619 237,321 SH   SOLE   237,321 0 0
XPLORE TECHNOLOGIES CORP COM PAR $0.001 983950700 853 160,000 SH   SOLE   160,000 0 0
YAMANA GOLD INC COM 98462Y100 1,299 773,866 SH   SOLE   773,866 0 0
ZIONS BANCORPORATION COM 989701107 5,864 212,933 SH   SOLE   212,933 0 0