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
ABBOTT LABS COM 002824100 4,049 87,400 SH   DFND 1 0 87,400 0
ABBOTT LABS COM 002824100 18,421 397,600 SH   SOLE 2, 3 397,600 0 0
AFLAC INC COM 001055102 1,811 28,300 SH   DFND 1 0 28,300 0
AFLAC INC COM 001055102 5,223 81,600 SH   SOLE 2 81,600 0 0
AMAG PHARMACEUTICALS INC COM 00163U106 1,383 25,300 SH   SOLE 3 25,300 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 630 11,500 SH   DFND 1 0 11,500 0
AMERICAN INTL GROUP INC COM NEW 026874784 2,959 54,000 SH   SOLE 2, 3 54,000 0 0
AMERISAFE INC COM 03071H100 1,707 36,900 SH   SOLE 3 36,900 0 0
ARCH CAP GROUP LTD ORD G0450A105 9,690 157,300 SH   SOLE   157,300 0 0
AURICO GOLD INC COM 05155C105 132 47,800 SH   DFND 1 0 47,800 0
AURICO GOLD INC COM 05155C105 582 210,174 SH   SOLE 2, 3 210,174 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 3,126 36,500 SH   DFND 1 0 36,500 0
AUTOMATIC DATA PROCESSING IN COM 053015103 16,280 190,100 SH   SOLE 2, 3 190,100 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 5,859 40,600 SH   DFND 1 0 40,600 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 51,337 355,714 SH   SOLE 2, 3 355,714 0 0
BROADRIDGE FINL SOLUTIONS IN COM 11133T103 1,650 30,000 SH   SOLE   30,000 0 0
BROWN & BROWN INC COM 115236101 4,735 143,000 SH   SOLE 3 143,000 0 0
CABLEVISION SYS CORP CL A NY CABLVS 12686C109 512 28,000 SH   DFND 1 0 28,000 0
CABLEVISION SYS CORP CL A NY CABLVS 12686C109 2,208 120,650 SH   SOLE 2, 3 120,650 0 0
CAMPBELL SOUP CO COM 134429109 978 21,000 SH   DFND 1 0 21,000 0
CAMPBELL SOUP CO COM 134429109 4,832 103,800 SH   SOLE 2, 3 103,800 0 0
CAPITAL BK FINL CORP CL A COM 139794101 1,828 66,200 SH   SOLE 3 66,200 0 0
CAPITAL CITY BK GROUP INC COM 139674105 941 57,900 SH   SOLE 3 57,900 0 0
CDK GLOBAL INC COM 12508E101 569 12,166 SH   DFND 1 0 12,166 0
CDK GLOBAL INC COM 12508E101 1,825 39,028 SH   SOLE 2, 3 39,028 0 0
CELADON GROUP INC COM 150838100 310 11,400 SH   DFND 1 0 11,400 0
CELADON GROUP INC COM 150838100 2,452 90,094 SH   SOLE 2, 3 90,094 0 0
CENTRAL PAC FINL CORP COM NEW 154760409 1,135 49,400 SH   DFND 1 0 49,400 0
CENTRAL PAC FINL CORP COM NEW 154760409 4,831 210,300 SH   SOLE 2, 3 210,300 0 0
CENTRUS ENERGY CORP CL A 15643U104 520 101,691 SH   DFND 1 0 101,691 0
CENTRUS ENERGY CORP CL A 15643U104 2,053 401,774 SH   SOLE 2, 3 401,774 0 0
CHART INDS INC NOTE 2.000% 8/0 16115QAC4 798 830,000 SH   DFND 1 0 830,000 0
CHART INDS INC NOTE 2.000% 8/0 16115QAC4 4,973 5,170,000 SH   SOLE 2, 3 5,170,000 0 0
CHICOPEE BANCORP INC COM 168565109 1,228 72,771 SH   SOLE 3 72,771 0 0
CHUBB CORP COM 171232101 16,121 159,459 SH   SOLE 3 159,459 0 0
CHURCH & DWIGHT INC COM 171340102 2,093 24,500 SH   DFND 1 0 24,500 0
CHURCH & DWIGHT INC COM 171340102 13,731 160,742 SH   SOLE 2, 3 160,742 0 0
CITIGROUP INC COM NEW 172967424 2,138 41,490 SH   DFND 1 0 41,490 0
CITIGROUP INC COM NEW 172967424 19,141 371,519 SH   SOLE 2, 3 371,519 0 0
CITY NATL CORP COM 178566105 846 9,500 SH   DFND 1 0 9,500 0
CITY NATL CORP COM 178566105 3,438 38,600 SH   SOLE 2, 3 38,600 0 0
CLIFTON BANCORP INC COM 186873105 3,399 240,859 SH   SOLE 3 240,859 0 0
CNA FINL CORP COM 126117100 1,330 32,100 SH   DFND 1 0 32,100 0
CNA FINL CORP COM 126117100 5,632 135,950 SH   SOLE 2, 3 135,950 0 0
COCA COLA CO COM 191216100 4,586 113,100 SH   DFND 1 0 113,100 0
COCA COLA CO COM 191216100 19,600 483,350 SH   SOLE 2, 3 483,350 0 0
COLGATE PALMOLIVE CO COM 194162103 2,808 40,500 SH   DFND 1 0 40,500 0
COLGATE PALMOLIVE CO COM 194162103 12,814 184,800 SH   SOLE 2, 3 184,800 0 0
COMTECH TELECOMMUNICATIONS C COM NEW 205826209 787 27,200 SH   DFND 1 0 27,200 0
COMTECH TELECOMMUNICATIONS C COM NEW 205826209 3,552 122,700 SH   SOLE 2, 3 122,700 0 0
CONOCOPHILLIPS COM 20825C104 1,488 23,900 SH   DFND 1 0 23,900 0
CONOCOPHILLIPS COM 20825C104 6,332 101,700 SH   SOLE 2, 3 101,700 0 0
DARDEN RESTAURANTS INC COM 237194105 1,033 14,900 SH   DFND 1 0 14,900 0
DARDEN RESTAURANTS INC COM 237194105 7,974 115,000 SH   SOLE 2, 3 115,000 0 0
DELTIC TIMBER CORP COM 247850100 179 2,700 SH   DFND 1 0 2,700 0
DELTIC TIMBER CORP COM 247850100 1,802 27,200 SH   SOLE 2, 3 27,200 0 0
DENNYS CORP COM 24869P104 2,366 207,500 SH   SOLE 3 207,500 0 0
DIAGEO P L C SPON ADR NEW 25243Q205 3,120 28,220 SH   DFND 1 0 28,220 0
DIAGEO P L C SPON ADR NEW 25243Q205 15,207 137,530 SH   SOLE 2, 3 137,530 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301 707 50,000 SH   SOLE   50,000 0 0
DOMTAR CORP COM NEW 257559203 2,986 64,600 SH   DFND 1 0 64,600 0
DOMTAR CORP COM NEW 257559203 15,787 341,562 SH   SOLE 2, 3 341,562 0 0
DONEGAL GROUP INC CL A 257701201 170 10,800 SH   DFND 1 0 10,800 0
DONEGAL GROUP INC CL A 257701201 888 56,500 SH   SOLE 2, 3 56,500 0 0
DREAMWORKS ANIMATION SKG INC CL A 26153C103 1,045 43,200 SH   DFND 1 0 43,200 0
DREAMWORKS ANIMATION SKG INC CL A 26153C103 4,942 204,200 SH   SOLE 2, 3 204,200 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 2,694 37,700 SH   DFND 1 0 37,700 0
DU PONT E I DE NEMOURS & CO COM 263534109 7,976 111,600 SH   SOLE 2, 3 111,600 0 0
E M C CORP MASS COM 268648102 1,838 71,900 SH   DFND 1 0 71,900 0
E M C CORP MASS COM 268648102 9,140 357,600 SH   SOLE 2, 3 357,600 0 0
EATON CORP PLC SHS G29183103 1,379 20,300 SH   DFND 1 0 20,300 0
EATON CORP PLC SHS G29183103 4,966 73,100 SH   SOLE 2, 3 73,100 0 0
EBAY INC COM 278642103 1,252 21,700 SH   DFND 1 0 21,700 0
EBAY INC COM 278642103 7,302 126,600 SH   SOLE 2 126,600 0 0
ENDURANCE SPECIALTY HLDGS LT SHS G30397106 12,632 206,600 SH   SOLE 3 206,600 0 0
ENERGIZER HLDGS INC COM 29266R108 870 6,300 SH   DFND 1 0 6,300 0
ENERGIZER HLDGS INC COM 29266R108 3,493 25,300 SH   SOLE 2, 3 25,300 0 0
FIRST AMERN FINL CORP COM 31847R102 492 13,800 SH   DFND 1 0 13,800 0
FIRST AMERN FINL CORP COM 31847R102 1,998 56,000 SH   SOLE 2, 3 56,000 0 0
FIRST DEFIANCE FINL CORP COM 32006W106 1,339 40,800 SH   SOLE 3 40,800 0 0
FIRST SEC GROUP INC COM NEW 336312202 1,245 518,700 SH   SOLE   518,700 0 0
FIRSTENERGY CORP COM 337932107 1,350 38,500 SH   DFND 1 0 38,500 0
FIRSTENERGY CORP COM 337932107 6,121 174,600 SH   SOLE 2, 3 174,600 0 0
FLIR SYS INC COM 302445101 920 29,400 SH   DFND 1 0 29,400 0
FLIR SYS INC COM 302445101 8,227 263,000 SH   SOLE 2, 3 263,000 0 0
FOREST CITY ENTERPRISES INC NOTE 3.625% 8/1 345550AR8 1,367 1,175,000 SH   DFND 1 0 1,175,000 0
FOREST CITY ENTERPRISES INC NOTE 3.625% 8/1 345550AR8 4,771 4,100,000 SH   SOLE 2, 3 4,100,000 0 0
FOREST CITY ENTERPRISES INC NOTE 4.250% 8/1 345550AP2 1,855 1,475,000 SH   SOLE 3 1,475,000 0 0
FORESTAR GROUP INC COM 346233109 979 62,100 SH   SOLE 3 62,100 0 0
FORESTAR GROUP INC NOTE 3.750% 3/0 346232AB7 1,285 1,365,000 SH   DFND 1 0 1,365,000 0
FORESTAR GROUP INC NOTE 3.750% 3/0 346232AB7 6,833 7,260,000 SH   SOLE 2, 3 7,260,000 0 0
FOX CHASE BANCORP INC NEW COM 35137t108 99 5,900 SH   DFND 1 0 5,900 0
FOX CHASE BANCORP INC NEW COM 35137t108 723 42,943 SH   SOLE 2 42,943 0 0
FRANKLIN RES INC COM 354613101 2,525 49,200 SH   DFND 1 0 49,200 0
FRANKLIN RES INC COM 354613101 16,923 329,751 SH   SOLE 2, 3 329,751 0 0
FULLER H B CO COM 359694106 823 19,200 SH   DFND 1 0 19,200 0
FULLER H B CO COM 359694106 4,270 99,600 SH   SOLE 2, 3 99,600 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 3,180 68,900 SH   DFND 1 0 68,900 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 11,224 243,200 SH   SOLE 2, 3 243,200 0 0
HAEMONETICS CORP COM 405024100 2,448 54,500 SH   SOLE 3 54,500 0 0
HCC INS HLDGS INC COM 404132102 510 9,000 SH   SOLE   9,000 0 0
HESS CORP COM 42809H107 4,059 59,800 SH   DFND 1 0 59,800 0
HESS CORP COM 42809H107 22,669 334,000 SH   SOLE 2, 3 334,000 0 0
HOLOGIC INC FRNT 2.000%12/1 436440AB7 920 625,000 SH   DFND 1 0 625,000 0
HOLOGIC INC FRNT 2.000%12/1 436440AB7 7,102 4,825,000 SH   SOLE 2, 3 4,825,000 0 0
HOME DEPOT INC COM 437076102 3,170 27,900 SH   DFND 1 0 27,900 0
HOME DEPOT INC COM 437076102 17,678 155,600 SH   SOLE 2, 3 155,600 0 0
HOMETRUST BANCSHARES INC COM 437872104 4,500 281,800 SH   SOLE 3 281,800 0 0
HOSPIRA INC COM 441060100 549 6,250 SH   DFND 1 0 6,250 0
HOSPIRA INC COM 441060100 2,429 27,650 SH   SOLE 2, 3 27,650 0 0
HOWARD HUGHES CORP COM 44267D107 388 2,500 SH   DFND 1 0 2,500 0
HOWARD HUGHES CORP COM 44267D107 2,790 18,000 SH   SOLE 2, 3 18,000 0 0
HYATT HOTELS CORP COM CL A 448579102 1,208 20,400 SH   DFND 1 0 20,400 0
HYATT HOTELS CORP COM CL A 448579102 5,920 99,965 SH   SOLE 2, 3 99,965 0 0
ILLINOIS TOOL WKS INC COM 452308109 2,535 26,100 SH   DFND 1 0 26,100 0
ILLINOIS TOOL WKS INC COM 452308109 6,712 69,100 SH   SOLE 2 69,100 0 0
INFINITY PPTY & CAS CORP COM 45665Q103 4,167 50,792 SH   SOLE 3 50,792 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 467 2,000 SH   DFND 1 0 2,000 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 3,452 14,800 SH   SOLE 2, 3 14,800 0 0
INTEROIL CORP NOTE 2.750%11/1 460951AC0 844 855,000 SH   DFND 1 0 855,000 0
INTEROIL CORP NOTE 2.750%11/1 460951AC0 6,364 6,445,000 SH   SOLE 2, 3 6,445,000 0 0
INVACARE CORP COM 461203101 782 40,300 SH   DFND 1 0 40,300 0
INVACARE CORP COM 461203101 6,947 357,927 SH   SOLE 2, 3 357,927 0 0
INVESCO LTD SHS G491BT108 3,612 91,000 SH   DFND 1 0 91,000 0
INVESCO LTD SHS G491BT108 19,563 492,900 SH   SOLE 2, 3 492,900 0 0
J & J SNACK FOODS CORP COM 466032109 2,977 27,900 SH   SOLE 3 27,900 0 0
JAMES RIV GROUP LTD COM G5005R107 285 12,100 SH   SOLE   12,100 0 0
JOHNSON & JOHNSON COM 478160104 4,698 46,700 SH   DFND 1 0 46,700 0
JOHNSON & JOHNSON COM 478160104 21,349 212,216 SH   SOLE 2, 3 212,216 0 0
JPMORGAN CHASE & CO COM 46625H100 3,229 53,300 SH   DFND 1 0 53,300 0
JPMORGAN CHASE & CO COM 46625H100 19,418 320,527 SH   SOLE 2 320,527 0 0
KINROSS GOLD CORP COM NO PAR 496902404 222 98,900 SH   DFND 1 0 98,900 0
KINROSS GOLD CORP COM NO PAR 496902404 1,468 655,400 SH   SOLE 2, 3 655,400 0 0
LANCASTER COLONY CORP COM 513847103 1,342 14,100 SH   DFND 1 0 14,100 0
LANCASTER COLONY CORP COM 513847103 7,252 76,200 SH   SOLE 2, 3 76,200 0 0
LANDSTAR SYS INC COM 515098101 2,460 37,100 SH   SOLE 3 37,100 0 0
LEGG MASON INC COM 524901105 3,533 64,000 SH   DFND 1 0 64,000 0
LEGG MASON INC COM 524901105 24,619 446,000 SH   SOLE 2, 3 446,000 0 0
LEUCADIA NATL CORP COM 527288104 1,661 74,500 SH   DFND 1 0 74,500 0
LEUCADIA NATL CORP COM 527288104 15,847 710,962 SH   SOLE 2, 3 710,962 0 0
LILLY ELI & CO COM 532457108 1,693 23,300 SH   DFND 1 0 23,300 0
LILLY ELI & CO COM 532457108 6,248 86,000 SH   SOLE 2, 3 86,000 0 0
LOCKHEED MARTIN CORP COM 539830109 1,238 6,100 SH   DFND 1 0 6,100 0
LOCKHEED MARTIN CORP COM 539830109 8,869 43,700 SH   SOLE 2 43,700 0 0
LOEWS CORP COM 540424108 1,004 24,600 SH   DFND 1 0 24,600 0
LOEWS CORP COM 540424108 4,665 114,250 SH   SOLE 2, 3 114,250 0 0
LOUISIANA PAC CORP COM 546347105 665 40,300 SH   DFND 1 0 40,300 0
LOUISIANA PAC CORP COM 546347105 5,227 316,600 SH   SOLE 2, 3 316,600 0 0
MARSH & MCLENNAN COS INC COM 571748102 1,256 22,400 SH   DFND 1 0 22,400 0
MARSH & MCLENNAN COS INC COM 571748102 6,557 116,900 SH   SOLE 2 116,900 0 0
MAXIM INTEGRATED PRODS INC COM 57772K101 1,006 28,900 SH   DFND 1 0 28,900 0
MAXIM INTEGRATED PRODS INC COM 57772K101 3,624 104,100 SH   SOLE 2, 3 104,100 0 0
MCDONALDS CORP COM 580135101 2,183 22,400 SH Call SOLE   22,400 0 0
MCDONALDS CORP COM 580135101 1,754 18,000 SH Call SOLE   18,000 0 0
MCDONALDS CORP COM 580135101 5,798 59,500 SH   DFND 1 0 59,500 0
MCDONALDS CORP COM 580135101 27,342 280,600 SH   SOLE 2, 3 280,600 0 0
MEDICINES CO DBCV 1.375% 6/0 584688AC9 326 275,000 SH   DFND 1 0 275,000 0
MEDICINES CO DBCV 1.375% 6/0 584688AC9 4,654 3,925,000 SH   SOLE 2, 3 3,925,000 0 0
MERCK & CO INC NEW COM 58933Y105 6,271 109,100 SH   DFND 1 0 109,100 0
MERCK & CO INC NEW COM 58933Y105 26,294 457,448 SH   SOLE 2, 3 457,448 0 0
MERIDIAN BANCORP INC MD COM 58958U103 1,187 90,100 SH   SOLE 3 90,100 0 0
METLIFE INC COM 59156R108 1,031 20,400 SH   DFND 1 0 20,400 0
METLIFE INC COM 59156R108 2,883 57,038 SH   SOLE 2 57,038 0 0
METRO BANCORP INC PA COM 59161R101 1,182 42,880 SH   SOLE 3 42,880 0 0
MICROSOFT CORP COM 594918104 17,303 425,600 SH   SOLE 2, 3 425,600 0 0
MICROSOFT CORP COM 594918104 3,187 78,400 SH   DFND 1 0 78,400 0
MONDELEZ INTL INC CL A 609207105 2,044 56,650 SH   DFND 1 0 56,650 0
MONDELEZ INTL INC CL A 609207105 9,194 254,750 SH   SOLE 2, 3 254,750 0 0
MONTPELIER RE HOLDINGS LTD SHS G62185106 284 7,400 SH   SOLE   7,400 0 0
MURPHY OIL CORP COM 626717102 3,770 80,900 SH   DFND 1 0 80,900 0
MURPHY OIL CORP COM 626717102 18,337 393,500 SH   SOLE 2, 3 393,500 0 0
NEWMONT MINING CORP COM 651639106 1,290 59,400 SH   DFND 1 0 59,400 0
NEWMONT MINING CORP COM 651639106 8,897 409,800 SH   SOLE 2, 3 409,800 0 0
NORTHROP GRUMMAN CORP COM 666807102 1,610 10,000 SH   DFND 1 0 10,000 0
NORTHROP GRUMMAN CORP COM 666807102 11,267 70,000 SH   SOLE 2, 3 70,000 0 0
NRG ENERGY INC COM NEW 629377508 914 36,300 SH   DFND 1 0 36,300 0
NRG ENERGY INC COM NEW 629377508 5,985 237,579 SH   SOLE 2, 3 237,579 0 0
OCEANFIRST FINL CORP COM 675234108 3,736 216,300 SH   SOLE 3 216,300 0 0
ORITANI FINL CORP DEL COM 68633d103 1,624 111,600 SH   DFND 1 0 111,600 0
ORITANI FINL CORP DEL COM 68633d103 13,336 916,576 SH   SOLE 2, 3 916,576 0 0
PACWEST BANCORP DEL COM 695263103 1,355 28,900 SH   DFND 1 0 28,900 0
PACWEST BANCORP DEL COM 695263103 5,275 112,500 SH   SOLE 2, 3 112,500 0 0
PARKWAY PPTYS INC COM 70159Q104 963 55,500 SH   DFND 1 0 55,500 0
PARKWAY PPTYS INC COM 70159Q104 8,787 506,470 SH   SOLE 2, 3 506,470 0 0
PATTERSON COMPANIES INC COM 703395103 1,595 32,700 SH   DFND 1 0 32,700 0
PATTERSON COMPANIES INC COM 703395103 13,554 277,800 SH   SOLE 2, 3 277,800 0 0
PAYCHEX INC COM 704326107 2,352 47,400 SH   DFND 1 0 47,400 0
PAYCHEX INC COM 704326107 11,739 236,600 SH   SOLE 2, 3 236,600 0 0
PEPSICO INC COM 713448108 2,907 30,400 SH   DFND 1 0 30,400 0
PEPSICO INC COM 713448108 14,974 156,600 SH   SOLE 2, 3 156,600 0 0
PERMIAN BASIN RTY TR UNIT BEN INT 714236106 801 99,000 SH   SOLE   99,000 0 0
PICO HLDGS INC COM NEW 693366205 1,624 100,200 SH   SOLE 3 100,200 0 0
PNC FINL SVCS GROUP INC COM 693475105 2,490 26,700 SH   DFND 1 0 26,700 0
PNC FINL SVCS GROUP INC COM 693475105 14,023 150,400 SH   SOLE 2 150,400 0 0
POST PPTYS INC COM 737464107 1,839 32,300 SH   DFND 1 0 32,300 0
POST PPTYS INC COM 737464107 8,084 142,000 SH   SOLE 2, 3 142,000 0 0
POWELL INDS INC COM 739128106 1,817 53,800 SH   SOLE 3 53,800 0 0
PPL CORP COM 69351T106 2,063 61,300 SH   SOLE   61,300 0 0
PROASSURANCE CORP COM 74267C106 6,097 132,800 SH   SOLE   132,800 0 0
PROCTER & GAMBLE CO COM 742718109 3,024 36,900 SH   DFND 1 0 36,900 0
PROCTER & GAMBLE CO COM 742718109 13,859 169,130 SH   SOLE 2 169,130 0 0
PROGRESSIVE CORP OHIO COM 743315103 5,328 195,900 SH   SOLE   195,900 0 0
PSB HLDGS INC COM 69360W108 379 50,381 SH   SOLE   50,381 0 0
PUBLIC SVC ENTERPRISE GROUP COM 744573106 1,207 28,800 SH   DFND 1 0 28,800 0
PUBLIC SVC ENTERPRISE GROUP COM 744573106 7,638 182,200 SH   SOLE 2, 3 182,200 0 0
REGAL BELOIT CORP COM 758750103 2,070 25,900 SH   SOLE 3 25,900 0 0
RENAISSANCERE HOLDINGS LTD COM G7496G103 427 4,279 SH   DFND 1 0 4,279 0
RENAISSANCERE HOLDINGS LTD COM G7496G103 1,700 17,045 SH   SOLE 2, 3 17,045 0 0
RTI INTL METALS INC NOTE 1.625%10/1 74973WAB3 1,266 1,101,000 SH   DFND 1 0 1,101,000 0
RTI INTL METALS INC NOTE 1.625%10/1 74973WAB3 9,307 8,093,000 SH   SOLE 2, 3 8,093,000 0 0
SAFETY INS GROUP INC COM 78648T100 1,344 22,500 SH   SOLE   22,500 0 0
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 1,442 120,500 SH   SOLE   120,500 0 0
SANOFI SPONSORED ADR 80105N105 2,512 50,800 SH   DFND 1 0 50,800 0
SANOFI SPONSORED ADR 80105N105 8,736 176,700 SH   SOLE 2, 3 176,700 0 0
SCIENCE APPLICATNS INTL CP N COM 808625107 431 8,400 SH   DFND 1 0 8,400 0
SCIENCE APPLICATNS INTL CP N COM 808625107 8,293 161,500 SH   SOLE 2, 3 161,500 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 502 11,300 SH   SOLE   11,300 0 0
SERVISFIRST BANCSHARES INC COM 81768T108 1,682 51,000 SH   SOLE 3 51,000 0 0
SI FINL GROUP INC MD COM 78425V104 941 77,500 SH   SOLE 3 77,500 0 0
SOUTH JERSEY INDS INC COM 838518108 277 5,100 SH   SOLE   5,100 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 614 5,400 SH   SOLE   5,400 0 0
STANCORP FINL GROUP INC COM 852891100 556 8,100 SH   SOLE 3 8,100 0 0
STATE AUTO FINL CORP COM 855707105 1,127 46,400 SH   DFND 1 0 46,400 0
STATE AUTO FINL CORP COM 855707105 6,875 283,050 SH   SOLE 2, 3 283,050 0 0
STATE STR CORP COM 857477103 4,294 58,400 SH   SOLE   58,400 0 0
SUNCOR ENERGY INC NEW COM 867224107 1,544 52,800 SH   DFND 1 0 52,800 0
SUNCOR ENERGY INC NEW COM 867224107 3,984 136,200 SH   SOLE 2 136,200 0 0
SYMETRA FINL CORP COM 87151Q106 44,582 1,900,336 SH   SOLE   1,900,336 0 0
SYNOPSYS INC COM 871607107 1,251 27,000 SH   SOLE 3 27,000 0 0
TELEPHONE & DATA SYS INC COM NEW 879433829 1,247 50,100 SH   DFND 1 0 50,100 0
TELEPHONE & DATA SYS INC COM NEW 879433829 6,056 243,200 SH   SOLE 2, 3 243,200 0 0
THIRD PT REINS LTD COM G8827U100 436 30,800 SH   SOLE   30,800 0 0
TOOTSIE ROLL INDS INC COM 890516107 1,558 45,945 SH   DFND 1 0 45,945 0
TOOTSIE ROLL INDS INC COM 890516107 12,197 359,580 SH   SOLE 2, 3 359,580 0 0
TRANSALTA CORP COM 89346D107 585 62,900 SH   DFND 1 0 62,900 0
TRANSALTA CORP COM 89346D107 2,680 288,200 SH   SOLE 2, 3 288,200 0 0
TYCO INTL PLC SHS G91442106 2,071 48,100 SH   DFND 1 0 48,100 0
TYCO INTL PLC SHS G91442106 6,313 146,600 SH   SOLE 2, 3 146,600 0 0
UNITED TECHNOLOGIES CORP COM 913017109 645 5,500 SH   DFND 1 0 5,500 0
UNITED TECHNOLOGIES CORP COM 913017109 1,629 13,900 SH   SOLE 2 13,900 0 0
US BANCORP DEL COM NEW 902973304 1,031 23,600 SH   DFND 1 0 23,600 0
US BANCORP DEL COM NEW 902973304 6,297 144,200 SH   SOLE 2 144,200 0 0
VERIFONE SYS INC COM 92342Y109 244 7,000 SH   SOLE 3 7,000 0 0
VERISIGN INC COM 92343E102 1,688 25,200 SH   DFND 1 0 25,200 0
VERISIGN INC COM 92343E102 9,095 135,800 SH   SOLE 2, 3 135,800 0 0
WADDELL & REED FINL INC CL A 930059100 451 9,100 SH   SOLE   9,100 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 1,092 12,900 SH   DFND 1 0 12,900 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 4,687 55,350 SH   SOLE 2, 3 55,350 0 0
WAL-MART STORES INC COM 931142103 2,229 27,100 SH   DFND 1 0 27,100 0
WAL-MART STORES INC COM 931142103 9,722 118,200 SH   SOLE 2, 3 118,200 0 0
WATERSTONE FINL INC MD COM 94188P101 2,847 221,700 SH   SOLE 3 221,700 0 0
WESTFIELD FINANCIAL INC NEW COM 96008P104 1,497 193,700 SH   SOLE 3 193,700 0 0
WHITE MTNS INS GROUP LTD COM G9618E107 34,226 50,000 SH   SOLE   50,000 0 0
WILLIAMS CLAYTON ENERGY INC COM 969490101 516 10,200 SH   DFND 1 0 10,200 0
WILLIAMS CLAYTON ENERGY INC COM 969490101 2,506 49,500 SH   SOLE 2, 3 49,500 0 0
WINTHROP RLTY TR SH BEN INT NEW 976391300 2,685 164,500 SH   SOLE 3 164,500 0 0
WPX ENERGY INC COM 98212B103 181 16,600 SH   DFND 1 0 16,600 0
WPX ENERGY INC COM 98212B103 969 88,700 SH   SOLE 2, 3 88,700 0 0
XILINX INC COM 983919101 1,578 37,300 SH   DFND 1 0 37,300 0
XILINX INC COM 983919101 9,196 217,400 SH   SOLE 2, 3 217,400 0 0
XL GROUP PLC SHS G98290102 5,215 141,700 SH   SOLE 3 141,700 0 0
YUM BRANDS INC COM 988498101 2,488 31,600 SH   DFND 1 0 31,600 0
YUM BRANDS INC COM 988498101 13,674 173,700 SH   SOLE 2, 3 173,700 0 0