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 COM 001204106 249,000 4,855 SH   DFND   4,855 0 0
AK STL C NOTE5 001546AP5 35,532,000 21,003,000 PRN   DFND   21,003,000 0 0
AK STL H COM 001547108 14,538,000 1,814,963 SH   DFND   1,814,963 0 0
A10 NETW COM 002121101 3,530,000 387,513 SH   DFND   387,513 0 0
AARONS I COMPA 002535300 209,000 8,600 SH   DFND   8,600 0 0
ACTIVISI COM 00507V109 5,228,000 251,473 SH   DFND   251,473 0 0
ADVANCE COM 00751Y106 23,174,000 177,853 SH   DFND   177,853 0 0
AFFILIAT COM 008252108 10,772,000 53,762 SH   DFND   53,762 0 0
ALIBABA SPONS 01609W102 77,477,000 872,000 SH   DFND   872,000 0 0
ALLIANCE COM 018581108 41,085,000 165,486 SH   DFND   165,486 0 0
ALLIANCE UNITL 01881G106 3,368,000 129,485 SH   DFND   129,485 0 0
ALLISON COM 01973R101 7,020,000 246,408 SH   DFND   246,408 0 0
AMBEV SA SPONS 02319V103 1,016,000 155,174 SH   DFND   155,174 0 0
AMERICAN COM 02376R102 30,044,000 846,801 SH   DFND   846,801 0 0
AMERICAN COM 024835100 408,000 11,188 SH   DFND   11,188 0 0
AMERICAN COM 02504A104 294,000 15,608 SH   DFND   15,608 0 0
AMERICAN COM 025537101 13,862,000 265,498 SH   DFND   265,498 0 0
AMERICAN COM 02917T104 44,499,000 3,689,782 SH   DFND   3,689,782 0 0
AMERICAN COM 030420103 3,585,000 74,340 SH   DFND   74,340 0 0
AMKOR TE COM 031652100 90,000 10,655 SH   DFND   10,655 0 0
ANADARKO COM 032511107 4,309,000 42,475 SH   DFND   42,475 0 0
ANIXTER COM 035290105 14,154,000 166,833 SH   DFND   166,833 0 0
APOLLO E CLA 037604105 14,098,000 560,576 SH   DFND   560,576 0 0
APOLLO I COM 03761U106 324,000 39,712 SH   DFND   39,712 0 0
APPLE IN COM 037833100 72,000 50,000 SH Put DFND   50,000 0 0
APPLE IN COM 037833100 11,555,000 114,691 SH   DFND   114,691 0 0
ARATANA COM 03874P101 2,496,000 248,589 SH   DFND   248,589 0 0
ARCELORM NYREG 03938L104 15,179,000 1,108,773 SH   DFND   1,108,773 0 0
ARUBA NE COM 043176106 1,776,000 82,293 SH   DFND   82,293 0 0
ASHLAND COM 044209104 92,113,000 884,850 SH   DFND   884,850 0 0
ASSOCIAT COM 045487105 7,850,000 450,650 SH   DFND   450,650 0 0
ASSOCIAT COM 045604105 248,000 14,185 SH   DFND   14,185 0 0
ASTRAZEN SPONS 046353108 6,315,000 88,398 SH   DFND   88,398 0 0
ATRICURE COM 04963C209 883,000 60,000 SH   DFND   60,000 0 0
ATWOOD O COM 050095108 2,687,000 61,494 SH   DFND   61,494 0 0
AUTOZONE COM 053332102 462,000 907 SH   DFND   907 0 0
AUXILIUM NOTE1 05334DAA5 30,065,000 22,700,000 PRN   DFND   22,700,000 0 0
AVALONBA COM 053484101 1,112,000 7,889 SH   DFND   7,889 0 0
AVIV REI COM 05381L101 231,000 8,779 SH   DFND   8,779 0 0
BAIDU IN SPONA 056752108 2,450,000 11,227 SH   DFND   11,227 0 0
BAKER HU COM 057224107 15,056,000 231,423 SH   DFND   231,423 0 0
BANCOLOM SPONA 05968L102 851,000 15,000 SH   DFND   15,000 0 0
BANKUNIT COM 06652K103 5,274,000 172,978 SH   DFND   172,978 0 0
B/E AERO COM 073302101 12,605,000 150,161 SH   DFND   150,161 0 0
BEMIS IN COM 081437105 2,640,000 69,443 SH   DFND   69,443 0 0
BERRY PL COM 08579W103 6,358,000 251,909 SH   DFND   251,909 0 0
BHP BILL COM 088606108 31,000 150,000 SH Call DFND   150,000 0 0
BHP BILL SPONS 088606108 34,012,000 577,655 SH   DFND   577,655 0 0
BLACKROC COM 09247X101 1,183,000 3,602 SH   DFND   3,602 0 0
BONANZA COM 097793103 6,673,000 117,282 SH   DFND   117,282 0 0
BROCADE COMNE 111621306 2,241,000 206,153 SH   DFND   206,153 0 0
C&J ENER COM 12467B304 406,000 13,280 SH   DFND   13,280 0 0
CLECO CO COM 12561W105 698,000 14,500 SH   DFND   14,500 0 0
CMS ENER COM 125896100 13,162,000 443,772 SH   DFND   443,772 0 0
CSX CORP COM 126408103 52,000 400,000 SH Put DFND   400,000 0 0
CSX CORP COM 126408103 31,038,000 968,114 SH   DFND   968,114 0 0
CACI INT CLA 127190304 202,000 2,840 SH   DFND   2,840 0 0
CADENCE COM 127387108 22,942,000 1,333,088 SH   DFND   1,333,088 0 0
CAL DIVE NOTE5 12802TAB7 1,727,000 2,460,000 PRN   DFND   2,460,000 0 0
CALLON P COM 13123X102 2,150,000 244,047 SH   DFND   244,047 0 0
CANADIAN COM 136635109 8,115,000 226,870 SH   DFND   226,870 0 0
CAPSTONE COM 14067D102 1,070,000 1,000,000 SH   DFND   1,000,000 0 0
CARMAX I COM 143130102 8,530,000 183,647 SH   DFND   183,647 0 0
CARRIZO COM 144577103 5,925,000 110,097 SH   DFND   110,097 0 0
CELLADON COM 15117E107 262,000 25,000 SH   DFND   25,000 0 0
CEMEX SA SPONA 151290889 2,543,000 195,010 SH   DFND   195,010 0 0
CEMPRA I COM 15130J109 548,000 50,000 SH   DFND   50,000 0 0
CENTURYL COM 156700106 1,878,000 45,916 SH   DFND   45,916 0 0
CERULEAN COM 15708Q105 213,000 50,421 SH   DFND   50,421 0 0
CHESAPEA NOTE2 165167BW6 15,835,000 15,600,000 PRN   DFND   15,600,000 0 0
CHESAPEA NOTE2 165167CA3 44,178,000 44,200,000 PRN   DFND   44,200,000 0 0
CHESAPEA SHBEN 165240102 1,150,000 39,458 SH   DFND   39,458 0 0
CHICAGO COM 167250109 7,152,000 123,631 SH   DFND   123,631 0 0
CHURCH & COM 171340102 3,283,000 46,800 SH   DFND   46,800 0 0
CIMAREX COM 171798101 4,172,000 32,969 SH   DFND   32,969 0 0
CINCINNA COM 171871106 83,000 24,590 SH   DFND   24,590 0 0
CINEDIGM COM 172406100 232,000 150,000 SH   DFND   150,000 0 0
CITIGROU COMNE 172967424 15,975,000 308,274 SH   DFND   308,274 0 0
CITRIX S COM 177376100 28,203,000 395,336 SH   DFND   395,336 0 0
CLAYMORE GUGGE 18383Q739 14,151,000 348,109 SH   DFND   348,109 0 0
CLIFFS N COM 18683K101 3,692,000 355,686 SH   DFND   355,686 0 0
CLOROX C COM 189054109 35,000 100,000 SH Call DFND   100,000 0 0
COBALT I COM 19075F106 2,275,000 167,276 SH   DFND   167,276 0 0
COBALT I NOTE2 19075FAA4 31,697,000 38,250,000 PRN   DFND   38,250,000 0 0
COBALT I NOTE3 19075FAB2 898,000 1,000,000 PRN   DFND   1,000,000 0 0
COCA COL COM 191216100 634,000 950,400 SH Call DFND   950,400 0 0
COCA COL COM 191216100 51,410,000 1,205,121 SH   DFND   1,205,121 0 0
COCA COL COM 19122T109 30,000 200,000 SH Call DFND   200,000 0 0
COCA COL COM 19122T109 21,941,000 494,611 SH   DFND   494,611 0 0
COLGATE COM 194162103 20,218,000 310,000 SH   DFND   310,000 0 0
COMCAST CLA 20030N101 3,544,000 65,899 SH   DFND   65,899 0 0
COMERICA COM 200340107 7,226,000 144,917 SH   DFND   144,917 0 0
COMMERCI COM 201723103 14,171,000 830,194 SH   DFND   830,194 0 0
COMMUNIT RIGHT 203668116 150,000 5,006,300 SH   DFND   5,006,300 0 0
COMPANHI SPNAD 20440T201 959,000 21,996 SH   DFND   21,996 0 0
COMPASS COM 20451N101 10,617,000 125,969 SH   DFND   125,969 0 0
COMSTOCK COMNE 205768203 931,000 50,014 SH   DFND   50,014 0 0
CONAGRA COM 205887102 5,600,000 169,500 SH   DFND   169,500 0 0
CONSOLID COM 209115104 327,000 5,767 SH   DFND   5,767 0 0
CONTANGO COMNE 21075N204 1,734,000 52,181 SH   DFND   52,181 0 0
COOPER T COM 216831107 3,927,000 136,834 SH   DFND   136,834 0 0
CORNERST COM 21925Y103 2,595,000 75,400 SH   DFND   75,400 0 0
CORNERST NOTE1 21925YAB9 1,000,000 1,000,000 PRN   DFND   1,000,000 0 0
CRANE CO COM 224399105 18,944,000 299,701 SH   DFND   299,701 0 0
CROWN CA COM 228227104 1,149,000 14,264 SH   DFND   14,264 0 0
CUBESMAR COM 229663109 1,386,000 77,077 SH   DFND   77,077 0 0
CURTISS COM 231561101 4,082,000 61,930 SH   DFND   61,930 0 0
DCT INDU COM 233153105 1,857,000 247,276 SH   DFND   247,276 0 0
DDR CORP COM 23317H102 2,117,000 126,567 SH   DFND   126,567 0 0
DTE ENER COM 233331107 243,000 3,188 SH   DFND   3,188 0 0
DANAHER COM 235851102 27,828,000 366,250 SH   DFND   366,250 0 0
DARLING COM 237266101 38,627,000 2,108,448 SH   DFND   2,108,448 0 0
DECKERS COM 243537107 7,286,000 74,972 SH   DFND   74,972 0 0
DEVELOPE NOTE1 251591AX1 26,193,000 22,680,000 PRN   DFND   22,680,000 0 0
DIAMOND COM 252603105 2,892,000 101,078 SH   DFND   101,078 0 0
DIAMONDB COM 25278X109 2,617,000 35,000 SH   DFND   35,000 0 0
DICKS SP COM 253393102 23,805,000 542,500 SH   DFND   542,500 0 0
DISH NET CLA 25470M109 10,052,000 155,645 SH   DFND   155,645 0 0
DOLLAR T COM 256746108 160,000 100,000 SH Call DFND   100,000 0 0
DOLLAR T COM 256746108 26,681,000 475,852 SH   DFND   475,852 0 0
DOMINION COM 25746U109 37,702,000 545,700 SH   DFND   545,700 0 0
DOW CHEM COM 260543103 6,581,000 125,500 SH   DFND   125,500 0 0
DR PEPPE COM 26138E109 227,000 216,200 SH Call DFND   216,200 0 0
DR PEPPE COM 26138E109 24,692,000 383,948 SH   DFND   383,948 0 0
DU PONT COM 263534109 6,000 40,000 SH Put DFND   40,000 0 0
DUKE REA COMNE 264411505 1,036,000 60,328 SH   DFND   60,328 0 0
EOG RES COM 26875P101 17,424,000 175,960 SH   DFND   175,960 0 0
EAST WES COM 27579R104 10,428,000 306,710 SH   DFND   306,710 0 0
EBAY INC COM 278642103 68,386,000 1,207,587 SH   DFND   1,207,587 0 0
EDISON I COM 281020107 14,456,000 258,516 SH   DFND   258,516 0 0
EDUCATIO COM 28140H104 1,090,000 106,075 SH   DFND   106,075 0 0
ELECTRON COM 286082102 3,395,000 76,857 SH   DFND   76,857 0 0
EMERALD COMNE 29101U209 3,242,000 527,171 SH   DFND   527,171 0 0
ENERGIZE COM 29266R108 31,734,000 257,557 SH   DFND   257,557 0 0
ENDOLOGI NOTE2 29266SAA4 901,000 1,000,000 PRN   DFND   1,000,000 0 0
EQUITY R SHBEN 29476L107 1,074,000 17,440 SH   DFND   17,440 0 0
EVERCORE CLASS 29977A105 6,641,000 141,306 SH   DFND   141,306 0 0
EXELON C COM 30161N101 68,000 140,000 SH Call DFND   140,000 0 0
EXELON C COM 30161N101 12,000 50,000 SH Put DFND   50,000 0 0
EXELON C COM 30161N101 19,540,000 573,200 SH   DFND   573,200 0 0
EXELIXIS NOTE4 30161QAC8 11,285,000 20,000,000 PRN   DFND   20,000,000 0 0
EXTRA SP COM 30225T102 284,000 5,501 SH   DFND   5,501 0 0
F M C CO COMNE 302491303 6,130,000 107,191 SH   DFND   107,191 0 0
FS INVT COM 302635107 5,523,000 512,802 SH   DFND   512,802 0 0
FXCM INC NOTE2 302693AB2 12,526,000 12,000,000 PRN   DFND   12,000,000 0 0
FACEBOOK CLA 30303M102 24,456,000 309,419 SH   DFND   309,419 0 0
FIFTH TH COM 316773100 14,016,000 700,098 SH   DFND   700,098 0 0
FIRST CA COM 31942D107 1,595,000 28,500 SH   DFND   28,500 0 0
FIRSTMER COM 337915102 4,884,000 277,525 SH   DFND   277,525 0 0
FIRSTENE COM 337932107 1,000 50,000 SH Call DFND   50,000 0 0
FIRSTENE COM 337932107 7,181,000 213,925 SH   DFND   213,925 0 0
FLUOR CO COM 343412102 5,053,000 75,652 SH   DFND   75,652 0 0
FLOWSERV COM 34354P105 10,861,000 154,009 SH   DFND   154,009 0 0
FOOT LOC COM 344849104 17,991,000 323,290 SH   DFND   323,290 0 0
FORD MTR COM 345370860 0 50,000 SH Call DFND   50,000 0 0
GEO GROU COM 36162J106 242,000 6,339 SH   DFND   6,339 0 0
GAMESTOP CLA 36467W109 33,776,000 819,814 SH   DFND   819,814 0 0
GASTAR E COM 36729W202 2,157,000 367,476 SH   DFND   367,476 0 0
GENERAL COM 370023103 2,331,000 98,968 SH   DFND   98,968 0 0
GENERAL COM 37045V100 1,239,000 972,710 SH Call DFND   972,710 0 0
GENERAL COM 37045V100 4,765,000 149,188 SH   DFND   149,188 0 0
GENESEE UNIT1 371559204 4,897,000 40,000 SH   DFND   40,000 0 0
GLIMCHER SHBEN 379302102 399,000 29,463 SH   DFND   29,463 0 0
GOODRICH COMNE 382410405 3,823,000 257,976 SH   DFND   257,976 0 0
GOOGLE I CLA 38259P508 5,767,000 9,801 SH   DFND   9,801 0 0
GOOGLE I CLC 38259P706 7,984,000 13,828 SH   DFND   13,828 0 0
GREENBRI NOTE3 393657AH4 4,055,000 2,000,000 PRN   DFND   2,000,000 0 0
GREIF IN CLA 397624107 241,000 5,502 SH   DFND   5,502 0 0
GRUBHUB COM 400110102 10,187,000 297,522 SH   DFND   297,522 0 0
GRUPO TE SPONA 40049J206 1,057,000 31,200 SH   DFND   31,200 0 0
GULF COA ROYAL 40222T104 1,003,000 501,346 SH   DFND   501,346 0 0
HCP INC COM 40414L109 2,155,000 54,279 SH   DFND   54,279 0 0
HALLIBUR COM 406216101 6,064,000 94,008 SH   DFND   94,008 0 0
HEALTHCA COM 421946104 480,000 20,268 SH   DFND   20,268 0 0
HEALTH C COM 42217K106 4,140,000 66,377 SH   DFND   66,377 0 0
HEALTH C PFDPE 42217K601 434,000 7,500 SH   DFND   7,500 0 0
HEALTHCA CLA 42225P105 825,000 71,099 SH   DFND   71,099 0 0
HERSHA H SHBEN 427825104 122,000 19,201 SH   DFND   19,201 0 0
HERTZ GL COM 42805T105 42,313,000 1,666,514 SH   DFND   1,666,514 0 0
HOMEAWAY COM 43739Q100 1,191,000 33,547 SH   DFND   33,547 0 0
HONEYWEL COM 438516106 39,816,000 427,578 SH   DFND   427,578 0 0
HOSPIRA COM 441060100 54,203,000 1,041,761 SH   DFND   1,041,761 0 0
HUB GROU CLA 443320106 17,666,000 435,882 SH   DFND   435,882 0 0
HUMANA I COM 444859102 160,264,000 1,230,054 SH   DFND   1,230,054 0 0
HYSTER Y CLA 449172105 3,538,000 49,400 SH   DFND   49,400 0 0
IDENTIV COMNE 45170X205 268,000 20,000 SH   DFND   20,000 0 0
INFORMAT COM 45666Q102 6,059,000 176,950 SH   DFND   176,950 0 0
INFINERA COM 45667G103 8,733,000 818,498 SH   DFND   818,498 0 0
INSMED I COMPA 457669307 1,012,000 77,573 SH   DFND   77,573 0 0
INTEGRA NOTE1 457985AK5 1,075,000 1,000,000 PRN   DFND   1,000,000 0 0
INTEGRAT COM 458118106 4,121,000 258,357 SH   DFND   258,357 0 0
INTEL CO COM 458140100 294,000 8,432 SH   DFND   8,432 0 0
ISHARES CORES 464287200 3,866,000 19,500 SH   DFND   19,500 0 0
ISHARES COM 464287655 98,000 20,000 SH Put DFND   20,000 0 0
ISHARES RUSSE 464287655 3,980,000 36,400 SH   DFND   36,400 0 0
ISHARES COM 464287739 5,000 200,000 SH Call DFND   200,000 0 0
ISHARES IBOXX 464288513 1,517,000 16,500 SH   DFND   16,500 0 0
JARDEN C NOTE1 471109AH1 3,427,000 2,500,000 PRN   DFND   2,500,000 0 0
JINKOSOL SPONS 47759T100 16,518,000 600,864 SH   DFND   600,864 0 0
KBR INC COM 48242W106 4,274,000 226,957 SH   DFND   226,957 0 0
K2M GROU COM 48273J107 1,154,000 80,000 SH   DFND   80,000 0 0
KEYCORP COM 493267108 6,881,000 516,211 SH   DFND   516,211 0 0
KEYW HLD COM 493723100 7,982,000 721,029 SH   DFND   721,029 0 0
KEYW HLD NOTE2 493723AA8 5,963,000 6,000,000 PRN   DFND   6,000,000 0 0
KINDRED COM 494577109 909,000 98,295 SH   DFND   98,295 0 0
KIRBY CO COM 497266106 8,817,000 74,814 SH   DFND   74,814 0 0
KOHLS CO COM 500255104 25,000 100,000 SH Put DFND   100,000 0 0
KRAFT FO COM 50076Q106 15,614,000 276,850 SH   DFND   276,850 0 0
KROGER C COM 501044101 22,743,000 437,363 SH   DFND   437,363 0 0
LCNB COR COM 50181P100 601,000 40,000 SH   DFND   40,000 0 0
LTC PPTY COM 502175102 213,000 5,774 SH   DFND   5,774 0 0
LAMAR AD CLA 512815101 12,465,000 253,091 SH   DFND   253,091 0 0
LATTICE COM 518415104 84,000 11,146 SH   DFND   11,146 0 0
LAUDER E CLA 518439104 60,894,000 814,969 SH   DFND   814,969 0 0
LENNOX I COM 526107107 12,337,000 160,496 SH   DFND   160,496 0 0
LEXINGTO COM 529043101 133,000 13,628 SH   DFND   13,628 0 0
LIBERTY DEB0. 530610AC8 665,000 500,000 SH   DFND   500,000 0 0
LIBERTY LBTVE 53071M880 22,433,000 590,957 SH   DFND   590,957 0 0
LIBERTY COMSE 531465102 21,878,000 645,366 SH   DFND   645,366 0 0
LIFELOCK COM 53224V100 1,027,000 71,837 SH   DFND   71,837 0 0
LOUISIAN COM 546347105 6,088,000 447,993 SH   DFND   447,993 0 0
LULULEMO COM 550021109 45,000 103,500 SH Call DFND   103,500 0 0
LULULEMO COM 550021109 1,104,000 26,285 SH   DFND   26,285 0 0
MGM RESO COM 552953101 1,111,000 48,751 SH   DFND   48,751 0 0
MGM RESO NOTE4 55303QAE0 19,043,000 15,000,000 PRN   DFND   15,000,000 0 0
MACERICH COM 554382101 726,000 11,378 SH   DFND   11,378 0 0
MARATHON COM 565849106 4,863,000 129,381 SH   DFND   129,381 0 0
MARKET V RUSSI 57060U506 2,861,000 127,907 SH   DFND   127,907 0 0
MASTERCA CLA 57636Q104 1,831,000 24,770 SH   DFND   24,770 0 0
MATSON I COM 57686G105 3,579,000 143,000 SH   DFND   143,000 0 0
MCDONALD COM 580135101 215,000 2,266 SH   DFND   2,266 0 0
MEAD JOH COM 582839106 5,621,000 58,423 SH   DFND   58,423 0 0
MEMORIAL COM 58605Q109 3,341,000 123,255 SH   DFND   123,255 0 0
MENTOR G SDCV4 587200AK2 9,992,000 8,513,000 SH   DFND   8,513,000 0 0
METLIFE COM 59156R108 12,134,000 225,873 SH   DFND   225,873 0 0
MICROSOF COM 594918104 59,480,000 1,283,010 SH   DFND   1,283,010 0 0
MICRON T COM 595112103 79,083,000 2,308,321 SH   DFND   2,308,321 0 0
MICRON T NOTE2 595112AW3 121,777,000 34,000,000 PRN   DFND   34,000,000 0 0
MOBILEIR COMNE 60739U204 2,179,000 195,645 SH   DFND   195,645 0 0
MONDELEZ COM 609207105 2,000 50,000 SH Call DFND   50,000 0 0
MONDELEZ CLA 609207105 32,765,000 956,235 SH   DFND   956,235 0 0
MONSANTO COM 61166W101 8,403,000 74,686 SH   DFND   74,686 0 0
MORGAN S COMNE 617446448 11,880,000 343,648 SH   DFND   343,648 0 0
NCR CORP COM 62886E108 64,118,000 1,919,122 SH   DFND   1,919,122 0 0
NPS PHAR COM 62936P103 806,000 31,000 SH   DFND   31,000 0 0
NRG ENER COMNE 629377508 7,742,000 254,010 SH   DFND   254,010 0 0
NRG YIEL COMCL 62942X108 12,764,000 271,293 SH   DFND   271,293 0 0
NATIONAL COM 637071101 18,853,000 247,746 SH   DFND   247,746 0 0
NATIONAL COM 637417106 287,000 8,305 SH   DFND   8,305 0 0
NAVISTAR COM 63934E108 145,000 100,000 SH Put DFND   100,000 0 0
NETSUITE NOTE0 64118QAB3 1,046,000 1,000,000 PRN   DFND   1,000,000 0 0
NEUROCRI COM 64125C109 1,567,000 100,000 SH   DFND   100,000 0 0
NEWFIELD COM 651290108 7,050,000 190,188 SH   DFND   190,188 0 0
NEWPARK COMPA 651718504 3,861,000 310,374 SH   DFND   310,374 0 0
NEXTERA COM 65339F101 9,333,000 99,418 SH   DFND   99,418 0 0
NORTHEAS COM 664397106 13,305,000 300,328 SH   DFND   300,328 0 0
NORTHSTA COMNE 66704R704 11,446,000 647,748 SH   DFND   647,748 0 0
NUANCE C NOTE2 67020YAF7 991,000 1,000,000 PRN   DFND   1,000,000 0 0
NVIDIA C COM 67066G104 18,280,000 990,770 SH   DFND   990,770 0 0
NUVERRA COM 67091K203 46,000 60,000 SH Call DFND   60,000 0 0
NUVERRA COMNE 67091K203 7,051,000 478,054 SH   DFND   478,054 0 0
OLYMPIC COM 68162K106 1,952,000 94,875 SH   DFND   94,875 0 0
OMEGA HE COM 681936100 3,253,000 95,138 SH   DFND   95,138 0 0
ON SEMIC COM 682189105 106,000 11,872 SH   DFND   11,872 0 0
OPUS BK COM 684000102 3,454,000 112,766 SH   DFND   112,766 0 0
OSHKOSH COM 688239201 11,742,000 265,951 SH   DFND   265,951 0 0
OWENS CO COM 690742101 3,447,000 108,565 SH   DFND   108,565 0 0
PHH CORP NOTE6 693320AQ6 11,420,000 6,000,000 PRN   DFND   6,000,000 0 0
PPG INDS COM 693506107 17,847,000 90,713 SH   DFND   90,713 0 0
PPL CORP COM 69351T106 6,840,000 208,296 SH   DFND   208,296 0 0
PVH CORP COM 693656100 9,389,000 77,500 SH   DFND   77,500 0 0
PACIFIC COMPA 69423U305 1,815,000 130,000 SH   DFND   130,000 0 0
PACKAGIN COM 695156109 22,590,000 353,968 SH   DFND   353,968 0 0
PANDORA COM 698354107 2,772,000 114,747 SH   DFND   114,747 0 0
PATTERSO COM 703481101 3,088,000 94,943 SH   DFND   94,943 0 0
PETROLEO SPONS 71654V408 498,000 35,100 SH   DFND   35,100 0 0
PHILIP M COM 718172109 19,020,000 228,053 SH   DFND   228,053 0 0
PINNACLE COM 723456109 48,933,000 1,950,312 SH   DFND   1,950,312 0 0
PINNACLE COM 723484101 14,345,000 262,534 SH   DFND   262,534 0 0
PINNACLE COM 72348P104 25,223,000 772,526 SH   DFND   772,526 0 0
PLUG POW COMNE 72919P202 1,148,000 250,000 SH   DFND   250,000 0 0
PORTLAND COMNE 736508847 17,919,000 557,882 SH   DFND   557,882 0 0
POST HLD COM 737446104 10,498,000 316,400 SH   DFND   316,400 0 0
PRAXAIR COM 74005P104 5,321,000 41,250 SH   DFND   41,250 0 0
PROLOGIS COM 74340W103 3,070,000 81,440 SH   DFND   81,440 0 0
PUBLIC S COM 744573106 4,000 50,000 SH Call DFND   50,000 0 0
QLOGIC C COM 747277101 109,000 11,877 SH   DFND   11,877 0 0
QIHOO 36 ADS 74734M109 13,326,000 197,513 SH   DFND   197,513 0 0
QIWI PLC SPONA 74735M108 1,232,000 39,000 SH   DFND   39,000 0 0
QUANTA S COM 74762E102 14,713,000 405,428 SH   DFND   405,428 0 0
QUANTUM NOTE4 747906AJ4 5,012,000 5,000,000 PRN   DFND   5,000,000 0 0
QUIKSILV COM 74838C106 2,000,000 1,162,500 SH   DFND   1,162,500 0 0
RPC INC COM 749660106 4,080,000 185,795 SH   DFND   185,795 0 0
RACKSPAC COM 750086100 3,747,000 115,101 SH   DFND   115,101 0 0
RAMBUS I NOTE1 750917AE6 1,224,000 1,000,000 PRN   DFND   1,000,000 0 0
RALPH LA COM 751212101 134,000 50,000 SH Put DFND   50,000 0 0
REALTY I COM 756109104 2,845,000 69,758 SH   DFND   69,758 0 0
RED HAT COM 756577102 12,357,000 220,067 SH   DFND   220,067 0 0
REDWOOD COM 758075402 19,668,000 1,186,219 SH   DFND   1,186,219 0 0
REGIONS COM 7591EP100 14,453,000 1,439,528 SH   DFND   1,439,528 0 0
RELIANCE COM 759509102 15,624,000 228,420 SH   DFND   228,420 0 0
RESOURCE COM 76120W302 194,000 39,868 SH   DFND   39,868 0 0
RESTORAT COM 761283100 25,691,000 322,952 SH   DFND   322,952 0 0
RETAIL P CLA 76131V202 1,162,000 79,453 SH   DFND   79,453 0 0
REX ENER COM 761565100 3,634,000 286,818 SH   DFND   286,818 0 0
RICE ENE COM 762760106 4,351,000 163,588 SH   DFND   163,588 0 0
RING ENE COM 76680V108 1,301,000 88,259 SH   DFND   88,259 0 0
RIO TINT COM 767204100 142,000 56,800 SH Put DFND   56,800 0 0
RIVERBED COM 768573107 925,000 49,864 SH   DFND   49,864 0 0
RYERSON COM 783754104 3,345,000 261,360 SH   DFND   261,360 0 0
RYLAND G NOTE1 783764AQ6 27,755,000 22,500,000 PRN   DFND   22,500,000 0 0
SBA COMM COM 78388J106 3,090,000 27,864 SH   DFND   27,864 0 0
SPDR S&P COM 78462F103 1,733,000 618,000 SH Put DFND   618,000 0 0
SPDR S&P TRUNI 78462F103 1,460,000 7,410 SH   DFND   7,410 0 0
SPDR S&P UTSER 78467Y107 4,214,000 16,900 SH   DFND   16,900 0 0
SVB FINL COM 78486Q101 19,178,000 171,096 SH   DFND   171,096 0 0
SALESFOR COM 79466L302 26,348,000 457,981 SH   DFND   457,981 0 0
SALESFOR NOTE0 79466LAD6 1,120,000 1,000,000 PRN   DFND   1,000,000 0 0
SANCHEZ COM 79970Y105 10,253,000 390,431 SH   DFND   390,431 0 0
SANDISK COM 80004C101 8,752,000 89,355 SH   DFND   89,355 0 0
SANGAMO COM 800677106 1,294,000 120,000 SH   DFND   120,000 0 0
SANOFI RIGHT 80105N113 559,000 1,203,178 SH   DFND   1,203,178 0 0
SCHWAB C COM 808513105 91,703,000 3,120,200 SH   DFND   3,120,200 0 0
SELECT S COM 81369Y886 31,000 100,000 SH Put DFND   100,000 0 0
SEMPRA E COM 816851109 14,822,000 140,650 SH   DFND   140,650 0 0
SEQUENOM COM 817337405 2,000 50,000 SH Call DFND   50,000 0 0
SEQUENOM NOTE5 817337AB4 5,741,000 6,000,000 PRN   DFND   6,000,000 0 0
SERVICE COM 817565104 3,306,000 156,374 SH   DFND   156,374 0 0
SHIRE PL SPONS 82481R106 40,671,000 157,001 SH   DFND   157,001 0 0
SHUTTERF NOTE0 82568PAB2 1,036,000 1,000,000 PRN   DFND   1,000,000 0 0
SIGNATUR COM 82669G104 14,383,000 128,353 SH   DFND   128,353 0 0
SILGAN H COM 827048109 13,941,000 296,627 SH   DFND   296,627 0 0
SIMON PP COM 828806109 1,139,000 6,928 SH   DFND   6,928 0 0
SIRIUS X COM 82968B103 10,452,000 2,994,790 SH   DFND   2,994,790 0 0
SMUCKER COMNE 832696405 24,076,000 243,221 SH   DFND   243,221 0 0
SNAP ON COM 833034101 8,391,000 69,300 SH   DFND   69,300 0 0
SNYDERS- COM 833551104 5,292,000 199,700 SH   DFND   199,700 0 0
SOLAZYME NOTE5 83415TAC5 3,622,000 4,000,000 PRN   DFND   4,000,000 0 0
SOLARCIT COM 83416T100 12,307,000 206,498 SH   DFND   206,498 0 0
SONOCO P COM 835495102 14,110,000 359,132 SH   DFND   359,132 0 0
SONUS NE COM 835916107 1,312,000 383,599 SH   DFND   383,599 0 0
SOUTH ST COM 840441109 4,713,000 84,280 SH   DFND   84,280 0 0
SOUTHERN COM 84265V105 723,000 24,380 SH   DFND   24,380 0 0
STANDARD COM 85375C101 89,000 11,876 SH   DFND   11,876 0 0
STANLEY COM 854502101 20,696,000 233,092 SH   DFND   233,092 0 0
STARWOOD COM 85571B105 1,508,000 68,680 SH   DFND   68,680 0 0
STERLING COM 85917A100 3,876,000 303,055 SH   DFND   303,055 0 0
STONE EN COM 861642106 2,500,000 79,730 SH   DFND   79,730 0 0
SUNCOR E COM 867224107 4,239,000 117,264 SH   DFND   117,264 0 0
SUNSHINE COM 86782U106 88,000 15,523 SH   DFND   15,523 0 0
SUNTRUST COM 867914103 3,519,000 92,539 SH   DFND   92,539 0 0
SYNTA PH COM 87162T206 4,000 25,000 SH Call DFND   25,000 0 0
TECO ENE COM 872375100 8,000 30,000 SH Put DFND   30,000 0 0
TJX COS COM 872540109 45,456,000 768,225 SH   DFND   768,225 0 0
T-MOBILE COM 872590104 9,191,000 318,355 SH   DFND   318,355 0 0
TAIWAN S SPONS 874039100 60,716,000 3,008,740 SH   DFND   3,008,740 0 0
TESARO I COM 881569107 3,042,000 113,000 SH   DFND   113,000 0 0
TESLA MT COM 88160R101 3,042,000 12,536 SH   DFND   12,536 0 0
TESLA MT NOTE1 88160RAA9 50,452,000 25,000,000 PRN   DFND   25,000,000 0 0
THERAPEU COM 88338N107 1,044,000 225,000 SH   DFND   225,000 0 0
THERAVAN NOTE2 88338TAB0 6,155,000 6,500,000 PRN   DFND   6,500,000 0 0
TIFFANY COM 886547108 2,058,000 21,364 SH   DFND   21,364 0 0
TIME WAR COMNE 887317303 20,095,000 267,181 SH   DFND   267,181 0 0
TIMKEN C COM 887389104 6,271,000 147,938 SH   DFND   147,938 0 0
TRINITY COM 896522109 10,442,000 223,509 SH   DFND   223,509 0 0
TYSON FO UNIT9 902494301 40,081,000 795,500 SH   DFND   795,500 0 0
UDR INC COM 902653104 2,472,000 90,722 SH   DFND   90,722 0 0
UBIQUITI COM 90347A100 34,847,000 928,518 SH   DFND   928,518 0 0
UMPQUA H COM 904214103 4,619,000 280,434 SH   DFND   280,434 0 0
UNDER AR COM 904311107 228,000 100,000 SH Put DFND   100,000 0 0
UNIT COR COM 909218109 27,186,000 463,528 SH   DFND   463,528 0 0
UNITED P CLB 911312106 4,054,000 41,250 SH   DFND   41,250 0 0
UNITED S COM 91232N108 17,000 50,000 SH Put DFND   50,000 0 0
UNITED S COM 912909108 8,000 25,000 SH Put DFND   25,000 0 0
UNITED T COM 913017109 53,389,000 505,577 SH   DFND   505,577 0 0
V F CORP COM 918204108 10,619,000 160,817 SH   DFND   160,817 0 0
VALE S A COM 91912E105 41,000 788,600 SH Call DFND   788,600 0 0
VALE S A ADR 91912E105 964,000 87,522 SH   DFND   87,522 0 0
VALERO E COM 91913Y100 8,383,000 181,173 SH   DFND   181,173 0 0
VENTAS I COM 92276F100 2,860,000 46,167 SH   DFND   46,167 0 0
VIACOM I CLB 92553P201 687,000 8,924 SH   DFND   8,924 0 0
VIPSHOP SPONS 92763W103 6,129,000 32,428 SH   DFND   32,428 0 0
VISTEON COMNE 92839U206 12,101,000 124,433 SH   DFND   124,433 0 0
VITESSE COMNE 928497304 612,000 170,057 SH   DFND   170,057 0 0
VOLCANO NOTE1 928645AB6 24,987,000 28,750,000 PRN   DFND   28,750,000 0 0
VONAGE H COM 92886T201 99,000 30,055 SH   DFND   30,055 0 0
WAL-MART COM 931142103 25,933,000 339,125 SH   DFND   339,125 0 0
WASHINGT COM 939647103 1,233,000 70,514 SH   DFND   70,514 0 0
WEB COM NOTE1 94733AAA2 13,809,000 15,000,000 PRN   DFND   15,000,000 0 0
WERNER E COM 950755108 13,814,000 548,184 SH   DFND   548,184 0 0
WESCO IN COM 95082P105 28,384,000 362,692 SH   DFND   362,692 0 0
WESCO IN DBCV6 95082PAH8 57,048,000 20,500,000 SH   DFND   20,500,000 0 0
WHITEWAV COM 966244105 27,095,000 745,800 SH   DFND   745,800 0 0
WHITING COM 966387102 5,166,000 66,612 SH   DFND   66,612 0 0
WHOLE FO COM 966837106 22,763,000 597,307 SH   DFND   597,307 0 0
WILLIAMS COM 969904101 835,000 100,000 SH Put DFND   100,000 0 0
WORKDAY NOTE0 98138HAC5 600,000 500,000 PRN   DFND   500,000 0 0
WYNDHAM COM 98310W108 3,909,000 48,100 SH   DFND   48,100 0 0
XCEL ENE COM 98389B100 16,530,000 543,750 SH   DFND   543,750 0 0
XCERRA C COM 98400J108 402,000 41,052 SH   DFND   41,052 0 0
YELP INC CLA 985817105 13,280,000 194,585 SH   DFND   194,585 0 0
ZEP INC COM 98944B108 1,396,000 99,607 SH   DFND   99,607 0 0
ZILLOW I CLA 98954A107 7,295,000 62,891 SH   DFND   62,891 0 0
ZIONS BA COM 989701107 5,232,000 180,048 SH   DFND   180,048 0 0
ZYNGA IN CLA 98986T108 1,983,000 734,266 SH   DFND   734,266 0 0
FRESH DE ORD G36738105 219,000 6,873 SH   DFND   6,873 0 0
HERBALIF COMUS G4412G101 54,303,000 1,241,208 SH   DFND   1,241,208 0 0
INGERSOL SHS G47791101 9,110,000 161,640 SH   DFND   161,640 0 0
INVESCO SHS G491BT108 4,047,000 102,519 SH   DFND   102,519 0 0
LIBERTY SHSCL G5480U120 6,697,000 163,289 SH   DFND   163,289 0 0
LOMBARD COM G55598109 308,000 40,000 SH   DFND   40,000 0 0
MALLINCK SHS G5785G107 788,000 8,737 SH   DFND   8,737 0 0
MARVELL ORD G5876H105 140,000 10,404 SH   DFND   10,404 0 0
MICHAEL SHS G60754101 42,300,000 592,515 SH   DFND   592,515 0 0
NOBLE CO SHSUS G65431101 56,838,000 2,557,977 SH   DFND   2,557,977 0 0
PARAGON SHS G6S01W108 922,000 150,000 SH   DFND   150,000 0 0
PROTHENA SHS G72800108 776,000 35,000 SH   DFND   35,000 0 0
SIGNET J SHS G81276100 3,002,000 26,351 SH   DFND   26,351 0 0
TYCO INT SHS H89128104 5,054,000 113,404 SH   DFND   113,404 0 0
CONSTELL CLA N22035104 17,359,000 705,368 SH   DFND   705,368 0 0
NIELSEN COM N63218106 132,578,000 2,990,700 SH   DFND   2,990,700 0 0
VISTAPRI SHS N93540107 44,227,000 807,203 SH   DFND   807,203 0 0
COPA HOL CLA P31076105 1,336,000 12,450 SH   DFND   12,450 0 0
PARNELL SHS Q73622104 806,000 140,100 SH   DFND   140,100 0 0
ARDMORE COM Y0207T100 1,109,000 101,700 SH   DFND   101,700 0 0
DRYSHIPS COM Y2109Q101 89,000 150,000 SH Put DFND   150,000 0 0
OCEAN RI SHS Y64354205 899,000 55,764 SH   DFND   55,764 0 0