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
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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
ACTAVIS PLC SHS G0083B108 35,563 119,490 SH   SOLE   119,490 0 0
ADEPT TECHNOLOGY INC COM NEW 006854202 6,362 1,034,540 SH   SOLE   1,034,540 0 0
AGRIUM INC COM 008916108 2,044 19,600 SH   SOLE   19,600 0 0
ALASKA COMMUNICATIONS SYS GR NOTE 6.250% 5/0 01167PAE1 986 1,000,000 SH   SOLE   1,000,000 0 0
ALCOA INC DEP SHS 1/10TH 013817309 877 20,000 SH   SOLE   20,000 0 0
ARUBA NETWORKS INC COM 043176106 2,449 100,000 SH   SOLE   100,000 0 0
AVIV REIT INC MD COM 05381L101 559 15,325 SH   SOLE   15,325 0 0
BANCO SANTANDER SA ADR 05964H105 11,999 1,610,599 SH   SOLE   1,610,599 0 0
BARCLAYS PLC ADR 06738E204 4,877 334,700 SH   SOLE   334,700 0 0
BEAZER HOMES USA INC COM NEW 07556Q881 7,339 414,170 SH   SOLE   414,170 0 0
BEAZER HOMES USA INC UNIT 07/15/2015 07556Q709 686 25,500 SH   SOLE   25,500 0 0
BHP BILLITON LTD SPONSORED ADR 088606108 3,227 69,450 SH   SOLE   69,450 0 0
BLUE BIRD CORP *W EXP 01/23/201 095306114 52 75,000 SH   SOLE   75,000 0 0
BOFI HLDG INC COM 05566U108 7,990 85,876 SH   SOLE   85,876 0 0
BPZ RESOURCES INC MTNF 6.500% 3/0 055639AB4 97 500,000 SH   SOLE   500,000 0 0
BROOKFIELD PPTY PARTNERS L P UNIT LTD PARTN G16249107 1,236 50,722 SH   SOLE   50,722 0 0
CATAMARAN CORP COM 148887102 11,908 200,000 SH   SOLE   200,000 0 0
CATCHMARK TIMBER TR INC CL A 14912Y202 6,640 566,595 SH   SOLE   566,595 0 0
CELESTICA INC SUB VTG SHS 15101Q108 7,261 653,950 SH   SOLE   653,950 0 0
CENTRAL EUROPEAN MEDIA NOTE 5.000%11/1 153443AH9 1,963 1,950,000 SH   SOLE   1,950,000 0 0
CENTURY CMNTYS INC COM 156504300 1,894 97,971 SH   SOLE   97,971 0 0
CENTURYLINK INC COM 156700106 3,210 92,900 SH   SOLE   92,900 0 0
CITY NATL CORP COM 178566105 9,478 106,400 SH   SOLE   106,400 0 0
COVISINT CORP COM 22357R103 75 36,850 SH   SOLE   36,850 0 0
CUSTOMERS BANCORP INC COM 23204G100 5,233 214,800 SH   SOLE   214,800 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C102 3,164 118,092 SH   SOLE   118,092 0 0
DIRECTV COM 25490A309 10,637 125,000 SH   SOLE   125,000 0 0
DRESSER-RAND GROUP INC COM 261608103 19,557 243,400 SH   SOLE   243,400 0 0
ELDORADO GOLD CORP NEW COM 284902103 917 200,000 SH   SOLE   200,000 0 0
ENSCO PLC SHS CLASS A G3157S106 2,925 138,800 SH   SOLE   138,800 0 0
EXELIS INC COM 30162A108 12,850 527,268 SH   SOLE   527,268 0 0
FAMILY DLR STORES INC COM 307000109 20,682 261,000 SH   SOLE   261,000 0 0
FIAT CHRYSLER AUTOMOBILES N MAN COV SEC 16 N31738110 455 330,000 SH   SOLE   330,000 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 4,169 258,300 SH   SOLE   258,300 0 0
FREEPORT-MCMORAN INC CL B 35671D857 3,427 180,850 SH   SOLE   180,850 0 0
FREESCALE SEMICONDUCTOR LTD SHS G3727Q101 11,209 275,000 SH   SOLE   275,000 0 0
GENWORTH FINL INC COM CL A 37247D106 9,974 1,364,500 SH   SOLE   1,364,500 0 0
GOLDCORP INC NEW COM 380956409 994 54,941 SH   SOLE   54,941 0 0
GOODYEAR TIRE & RUBR CO COM 382550101 11,563 427,000 SH   SOLE   427,000 0 0
GREENLIGHT CAPITAL RE LTD CLASS A G4095J109 19,759 621,349 SH   SOLE   621,349 0 0
GULFMARK OFFSHORE INC CL A NEW 402629208 196 15,000 SH   SOLE   15,000 0 0
HARMONY MERGER CORP UNIT 99/99/9999 413247206 1,750 175,000 SH   SOLE   175,000 0 0
HOLOGIC INC FRNT 2.000%12/1 436440AB7 1,474 1,000,000 SH   SOLE   1,000,000 0 0
HOSPIRA INC COM 441060100 32,447 369,390 SH   SOLE   369,390 0 0
HOVNANIAN ENTERPRISES INC CL A 442487203 7,072 1,986,644 SH   SOLE   1,986,644 0 0
INTEL CORP COM 458140100 3,233 103,400 SH   SOLE   103,400 0 0
INTREXON CORP COM 46122T102 2,268 50,000 SH   SOLE   50,000 0 0
JABIL CIRCUIT INC COM 466313103 20,016 856,100 SH   SOLE   856,100 0 0
JDS UNIPHASE CORP DBCV 0.625% 8/1 46612JAF8 1,039 1,000,000 SH   SOLE   1,000,000 0 0
JPMORGAN CHASE & CO *W EXP 10/28/201 46634E114 17,047 774,495 SH   SOLE   774,495 0 0
KEYCORP NEW COM 493267108 6,590 465,400 SH   SOLE   465,400 0 0
KINROSS GOLD CORP COM NO PAR 496902404 1,325 597,300 SH   SOLE   597,300 0 0
LAKE SHORE GOLD CORP COM 510728108 942 1,158,300 SH   SOLE   1,158,300 0 0
LIBERTY BROADBAND CORP COM SER C 530307305 3,278 57,912 SH   SOLE   57,912 0 0
LIBERTY MEDIA CORP DELAWARE COM SER C 531229300 14,707 385,000 SH   SOLE   385,000 0 0
LORILLARD INC COM 544147101 8,077 123,600 SH   SOLE   123,600 0 0
MAG SILVER CORP COM 55903Q104 1,957 316,100 SH   SOLE   316,100 0 0
MATTEL INC COM 577081102 10,171 445,100 SH   SOLE   445,100 0 0
MAVENIR SYS INC COM 577675101 5,216 294,000 SH   SOLE   294,000 0 0
MCEWEN MNG INC COM 58039P107 1,263 1,259,700 SH   SOLE   1,259,700 0 0
M D C HLDGS INC COM 552676108 5,349 187,676 SH   SOLE   187,676 0 0
MEADWESTVACO CORP COM 583334107 10,098 202,481 SH   SOLE   202,481 0 0
MERUS LABS INTL INC NEW COM 59047R101 7,598 3,604,300 SH   SOLE   3,604,300 0 0
MICRON TECHNOLOGY INC COM 595112103 2,035 75,000 SH   SOLE   75,000 0 0
MONTPELIER RE HOLDINGS LTD SHS G62185106 11,524 299,790 SH   SOLE   299,790 0 0
MOSAIC CO NEW COM 61945C103 1,842 40,000 SH   SOLE   40,000 0 0
NOBLE CORP PLC SHS USD G65431101 4,644 325,217 SH   SOLE   325,217 0 0
NORTH ATLANTIC DRILLING LTD COM G6613P202 2,961 2,552,903 SH   SOLE   2,552,903 0 0
NXP SEMICONDUCTORS N V COM N6596X109 13,549 135,000 SH   SOLE   135,000 0 0
OFFICE DEPOT INC COM 676220106 8,280 900,000 SH   SOLE   900,000 0 0
PACIFIC ETHANOL INC COM PAR $.001 69423U305 12,136 1,124,780 SH   SOLE   1,124,780 0 0
PARAMOUNT GOLD & SILVER CORP COM 69924P102 1,069 1,057,925 SH   SOLE   1,057,925 0 0
PDL BIOPHARMA INC NOTE 4.000% 2/0 69329YAF1 962 1,000,000 SH   SOLE   1,000,000 0 0
PHARMACYCLICS INC COM 716933106 17,840 69,700 SH   SOLE   69,700 0 0
PLUM CREEK TIMBER CO INC COM 729251108 4,071 93,700 SH   SOLE   93,700 0 0
PRETIUM RES INC COM 74139C102 504 100,000 SH   SOLE   100,000 0 0
QLT INC COM 746927102 558 141,660 SH   SOLE   141,660 0 0
QORVO INC COM 74736K101 6,786 85,150 SH   SOLE   85,150 0 0
QUINPARIO ACQUISITION CORP 2 UNIT 01/01/2023 74874U200 5,040 500,000 SH   SOLE   500,000 0 0
RAYONIER INC COM 754907103 3,102 115,043 SH   SOLE   115,043 0 0
REGIONS FINL CORP NEW COM 7591EP100 5,543 586,600 SH   SOLE   586,600 0 0
RENAISSANCERE HOLDINGS LTD COM G7496G103 324 3,248 SH   SOLE   3,248 0 0
RENEWABLE ENERGY GROUP INC COM NEW 75972A301 903 97,900 SH   SOLE   97,900 0 0
RESTAURANT BRANDS INTL INC COM 76131D103 25,252 657,634 SH   SOLE   657,634 0 0
REVOLUTION LIGHTING TECHNOLO COM 76155G107 1,110 1,000,000 SH   SOLE   1,000,000 0 0
RIO ALTO MNG LTD NEW COM 76689T104 4,899 1,988,500 SH   SOLE   1,988,500 0 0
RIVERBED TECHNOLOGY INC COM 768573107 523 25,000 SH   SOLE   25,000 0 0
ROYAL BK SCOTLAND GROUP PLC SPONS ADR 20 ORD 780097689 44,351 4,395,500 SH   SOLE   4,395,500 0 0
ROYAL BK SCOTLAND GROUP PLC SP ADR PREF S 780097739 568 22,694 SH   SOLE   22,694 0 0
ROYAL BK SCOTLAND GROUP PLC ADR PREF SHS Q 780097754 793 31,500 SH   SOLE   31,500 0 0
RTI INTL METALS INC COM 74973W107 14,096 392,524 SH   SOLE   392,524 0 0
SALIX PHARMACEUTICALS INC COM 795435106 23,329 135,000 SH   SOLE   135,000 0 0
SCHNITZER STL INDS CL A 806882106 952 60,000 SH   SOLE   60,000 0 0
SEADRILL LIMITED SHS G7945E105 836 89,372 SH   SOLE   89,372 0 0
SHUTTERFLY INC NOTE 0.250% 5/1 82568PAB2 694 700,000 SH   SOLE   700,000 0 0
SIGMA ALDRICH CORP COM 826552101 28,224 204,151 SH   SOLE   204,151 0 0
SILVER WHEATON CORP COM 828336107 856 45,000 SH   SOLE   45,000 0 0
SKYWORKS SOLUTIONS INC COM 83088M102 15,432 157,000 SH   SOLE   157,000 0 0
SPANISH BROADCASTING SYS INC CL A NEW 846425833 338 84,049 SH   SOLE   84,049 0 0
SUN LIFE FINL INC COM 866796105 3,441 111,647 SH   SOLE   111,647 0 0
SUNTRUST BKS INC COM 867914103 4,216 102,600 SH   SOLE   102,600 0 0
SUSQUEHANNA BANCSHARES INC P COM 869099101 7,576 552,599 SH   SOLE   552,599 0 0
SYNOVUS FINL CORP COM NEW 87161C501 18,437 658,231 SH   SOLE   658,231 0 0
TALISMAN ENERGY INC COM 87425E103 22,649 2,949,036 SH   SOLE   2,949,036 0 0
TASEKO MINES LTD COM 876511106 5,528 8,751,700 SH   SOLE   8,751,700 0 0
TERRAPIN 3 ACQUISITION CORP UNIT 06/27/2019 88104P203 3,024 300,000 SH   SOLE   300,000 0 0
THOMPSON CREEK METALS CO INC COM 884768102 287 218,000 SH   SOLE   218,000 0 0
T MOBILE US INC CONV PFD SER A 872590203 229 3,900 SH   SOLE   3,900 0 0
TRANSOCEAN LTD REG SHS H8817H100 1,687 115,000 SH   SOLE   115,000 0 0
TRW AUTOMOTIVE HLDGS CORP COM 87264S106 32,954 314,300 SH   SOLE   314,300 0 0
UNISYS CORP COM NEW 909214306 14,731 634,700 SH   SOLE   634,700 0 0
VERTEX ENERGY INC COM 92534K107 544 147,100 SH   SOLE   147,100 0 0
WEBMD HEALTH CORP NOTE 2.500% 1/3 94770VAF9 1,021 1,000,000 SH   SOLE   1,000,000 0 0
WELLS FARGO & CO NEW COM 949746101 3,356 61,700 SH   SOLE   61,700 0 0
WEYERHAEUSER CO PREF CONV SER A 962166872 1,915 35,000 SH   SOLE   35,000 0 0
WL ROSS HLDG CORP UNIT 06/11/2019 92939D203 588 55,993 SH   SOLE   55,993 0 0
XEROX CORP COM 984121103 7,796 606,700 SH   SOLE   606,700 0 0
XL GROUP PLC SHS G98290102 8,524 231,621 SH   SOLE   231,621 0 0
XPLORE TECHNOLOGIES CORP COM PAR $0.001 983950700 1,016 160,000 SH   SOLE   160,000 0 0
YAMANA GOLD INC COM 98462Y100 5,630 1,570,500 SH   SOLE   1,570,500 0 0
ZIONS BANCORPORATION COM 989701107 5,749 212,933 SH   SOLE   212,933 0 0