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 17,486 388,400 SH   SOLE 2, 3 388,400 0 0
ABBOTT LABS COM 002824100 3,935 87,400 SH   DFND 1 0 87,400 0
AFLAC INC COM 001055102 4,136 67,700 SH   SOLE   67,700 0 0
AFLAC INC COM 001055102 1,405 23,000 SH   DFND 1 0 23,000 0
AMAG PHARMACEUTICALS INC COM 00163U106 1,688 39,600 SH   SOLE 3 39,600 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 3,400 60,700 SH   SOLE 2, 3 60,700 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 644 11,500 SH   DFND 1 0 11,500 0
AMERISAFE INC COM 03071H100 1,368 32,300 SH   SOLE   32,300 0 0
ARCH CAP GROUP LTD ORD G0450A105 9,296 157,300 SH   SOLE   157,300 0 0
AURICO GOLD INC COM 05155C105 689 210,174 SH   SOLE 2, 3 210,174 0 0
AURICO GOLD INC COM 05155C105 157 47,800 SH   DFND 1 0 47,800 0
AUTOMATIC DATA PROCESSING IN COM 053015103 16,416 196,900 SH   SOLE 2, 3 196,900 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 3,043 36,500 SH   DFND 1 0 36,500 0
AUXILIUM PHARMACEUTICALS INC COM 05334D107 839 24,400 SH   SOLE 3 24,400 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 53,771 358,114 SH   SOLE 2, 3 358,114 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 6,096 40,600 SH   DFND 1 0 40,600 0
BROADRIDGE FINL SOLUTIONS IN COM 11133t103 1,385 30,000 SH   SOLE   30,000 0 0
BROOKLINE BANCORP INC DEL COM 11373M107 3,408 339,800 SH   SOLE 3 339,800 0 0
BROWN & BROWN INC COM 115236101 4,035 122,600 SH   SOLE 3 122,600 0 0
CABLEVISION SYS CORP CL A NY CABLVS 12686C109 2,593 125,650 SH   SOLE 2, 3 125,650 0 0
CABLEVISION SYS CORP CL A NY CABLVS 12686C109 578 28,000 SH   DFND 1 0 28,000 0
CAMPBELL SOUP CO COM 134429109 4,646 105,600 SH   SOLE 2, 3 105,600 0 0
CAMPBELL SOUP CO COM 134429109 924 21,000 SH   DFND 1 0 21,000 0
CAPITAL BK FINL CORP CL A COM 139794101 1,774 66,200 SH   SOLE 3 66,200 0 0
CAPITAL CITY BK GROUP INC COM 139674105 900 57,900 SH   SOLE 3 57,900 0 0
CDK GLOBAL INC COM 12508E101 1,811 44,428 SH   SOLE 2, 3 44,428 0 0
CDK GLOBAL INC COM 12508E101 496 12,166 SH   DFND 1 0 12,166 0
CELADON GROUP INC COM 150838100 4,107 180,994 SH   SOLE 3 180,994 0 0
CELADON GROUP INC COM 150838100 524 23,100 SH   DFND 1 0 23,100 0
CENTRAL PAC FINL CORP COM NEW 154760409 4,760 221,400 SH   SOLE 3 221,400 0 0
CENTRAL PAC FINL CORP COM NEW 154760409 1,118 52,000 SH   DFND 1 0 52,000 0
CENTRUS ENERGY CORP CL A 15643u104 2,582 600,450 SH   SOLE 2, 3 600,450 0 0
CENTRUS ENERGY CORP CL A 15643u104 654 151,987 SH   DFND 1 0 151,987 0
CHART INDS INC NOTE 2.000% 8/0 16115QAC4 4,947 5,170,000 PRN   SOLE 2, 3 5,170,000 0 0
CHART INDS INC NOTE 2.000% 8/0 16115QAC4 794 830,000 PRN   DFND 1 0 830,000 0
CHICOPEE BANCORP INC COM 168565109 1,219 72,771 SH   SOLE 3 72,771 0 0
CHIQUITA BRANDS INTL INC NOTE 4.250% 8/1 170032AT3 1,924 1,925,000 PRN   SOLE 2, 3 1,925,000 0 0
CHIQUITA BRANDS INTL INC NOTE 4.250% 8/1 170032AT3 300 300,000 PRN   DFND 1 0 300,000 0
CHUBB CORP COM 171232101 16,499 159,459 SH   SOLE 3 159,459 0 0
CHURCH & DWIGHT INC COM 171340102 12,668 160,742 SH   SOLE 3 160,742 0 0
CHURCH & DWIGHT INC COM 171340102 1,931 24,500 SH   DFND 1 0 24,500 0
CITIGROUP INC COM NEW 172967424 20,103 371,519 SH   SOLE 3 371,519 0 0
CITIGROUP INC COM NEW 172967424 2,245 41,490 SH   DFND 1 0 41,490 0
CITY NATL CORP COM 178566105 3,119 38,600 SH   SOLE 3 38,600 0 0
CITY NATL CORP COM 178566105 768 9,500 SH   DFND 1 0 9,500 0
CLIFTON BANCORP INC COM 186873105 3,273 240,859 SH   SOLE 3 240,859 0 0
CNA FINL CORP COM 126117100 6,850 176,950 SH   SOLE 2, 3 176,950 0 0
CNA FINL CORP COM 126117100 1,595 41,200 SH   DFND 1 0 41,200 0
COCA COLA CO COM 191216100 20,407 483,350 SH   SOLE 2, 3 483,350 0 0
COCA COLA CO COM 191216100 4,775 113,100 SH   DFND 1 0 113,100 0
COLGATE PALMOLIVE CO COM 194162103 11,513 166,400 SH   SOLE 2, 3 166,400 0 0
COLGATE PALMOLIVE CO COM 194162103 2,498 36,100 SH   DFND 1 0 36,100 0
COMTECH TELECOMMUNICATIONS C COM 205826209 3,603 114,300 SH   SOLE 2, 3 114,300 0 0
COMTECH TELECOMMUNICATIONS C COM 205826209 797 25,300 SH   DFND 1 0 25,300 0
CONOCOPHILLIPS COM 20825C104 7,472 108,200 SH   SOLE 2, 3 108,200 0 0
CONOCOPHILLIPS COM 20825C104 1,651 23,900 SH   DFND 1 0 23,900 0
CURTISS WRIGHT CORP COM 231561101 1,955 27,700 SH   SOLE 2, 3 27,700 0 0
CURTISS WRIGHT CORP COM 231561101 459 6,500 SH   DFND 1 0 6,500 0
DARDEN RESTAURANTS INC COM 237194105 6,924 118,100 SH   SOLE 2, 3 118,100 0 0
DARDEN RESTAURANTS INC COM 237194105 874 14,900 SH   DFND 1 0 14,900 0
DELTIC TIMBER CORP COM 247850100 1,860 27,200 SH   SOLE 2, 3 27,200 0 0
DELTIC TIMBER CORP COM 247850100 185 2,700 SH   DFND 1 0 2,700 0
DENNYS CORP COM 24869P104 3,360 325,900 SH   SOLE 3 325,900 0 0
DIAGEO P L C SPON ADR NEW 25243q205 15,691 137,530 SH   SOLE 2, 3 137,530 0 0
DIAGEO P L C SPON ADR NEW 25243q205 3,220 28,220 SH   DFND 1 0 28,220 0
DIAMONDROCK HOSPITALITY CO COM 252784301 744 50,000 SH   SOLE 2 50,000 0 0
DIME CMNTY BANCSHARES COM 253922108 1,537 94,400 SH   SOLE 3 94,400 0 0
DOMTAR CORP COM NEW 257559203 13,826 343,762 SH   SOLE 2, 3 343,762 0 0
DOMTAR CORP COM NEW 257559203 2,598 64,600 SH   DFND 1 0 64,600 0
DONEGAL GROUP INC CL A 257701201 903 56,500 SH   SOLE 2, 3 56,500 0 0
DONEGAL GROUP INC CL A 257701201 173 10,800 SH   DFND 1 0 10,800 0
DREAMWORKS ANIMATION SKG INC CL A 26153C103 4,560 204,200 SH   SOLE 2, 3 204,200 0 0
DREAMWORKS ANIMATION SKG INC CL A 26153C103 965 43,200 SH   DFND 1 0 43,200 0
DU PONT E I DE NEMOURS & CO COM 263534109 8,681 117,400 SH   SOLE 2, 3 117,400 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 2,847 38,500 SH   DFND 1 0 38,500 0
EATON CORP PLC SHS G29183103 4,737 69,700 SH   SOLE 2, 3 69,700 0 0
EATON CORP PLC SHS G29183103 1,318 19,400 SH   DFND 1 0 19,400 0
EBAY INC COM 278642103 6,314 112,500 SH   SOLE   112,500 0 0
EBAY INC COM 278642103 1,083 19,300 SH   DFND 1 0 19,300 0
E M C CORP MASS COM 268648102 7,869 264,600 SH   SOLE 3 264,600 0 0
E M C CORP MASS COM 268648102 1,710 57,500 SH   DFND 1 0 57,500 0
ENDURANCE SPECIALTY HLDGS LT SHS G30397106 9,407 157,200 SH   SOLE 3 157,200 0 0
ENERGIZER HLDGS INC COM 29266R108 3,253 25,300 SH   SOLE 2, 3 25,300 0 0
ENERGIZER HLDGS INC COM 29266R108 810 6,300 SH   DFND 1 0 6,300 0
EXPEDIA INC DEL COM NEW 30212P303 10,329 121,000 SH Call SOLE   121,000 0 0
FIRST AMERN FINL CORP COM 31847R102 2,085 61,500 SH   SOLE 2, 3 61,500 0 0
FIRST AMERN FINL CORP COM 31847R102 468 13,800 SH   DFND 1 0 13,800 0
FIRST DEFIANCE FINL CORP COM 32006W106 1,390 40,800 SH   SOLE 3 40,800 0 0
FIRST SEC GROUP INC COM NEW 336312202 1,172 518,700 SH   SOLE   518,700 0 0
FIRSTENERGY CORP COM 337932107 7,716 197,900 SH   SOLE 2, 3 197,900 0 0
FIRSTENERGY CORP COM 337932107 1,501 38,500 SH   DFND 1 0 38,500 0
FOREST CITY ENTERPRISES INC NOTE 3.625% 8/1 345550AR8 5,000 4,700,000 PRN   SOLE 2, 3 4,700,000 0 0
FOREST CITY ENTERPRISES INC NOTE 3.625% 8/1 345550AR8 1,250 1,175,000 PRN   DFND 1 0 1,175,000 0
FOREST CITY ENTERPRISES INC NOTE 4.250% 8/1 345550AP2 1,683 1,475,000 PRN   SOLE 2, 3 1,475,000 0 0
FORESTAR GROUP INC COM 346233109 956 62,100 SH   SOLE 3 62,100 0 0
FORESTAR GROUP INC NOTE 3.750% 3/0 346232AB7 8,221 8,625,000 PRN   SOLE 2, 3 8,625,000 0 0
FORESTAR GROUP INC NOTE 3.750% 3/0 346232AB7 1,983 2,080,000 PRN   DFND 1 0 2,080,000 0
FOX CHASE BANCORP INC NEW COM 35137T108 716 42,943 SH   SOLE   42,943 0 0
FOX CHASE BANCORP INC NEW COM 35137T108 98 5,900 SH   DFND 1 0 5,900 0
FRANKLIN RES INC COM 354613101 18,258 329,751 SH   SOLE 3 329,751 0 0
FRANKLIN RES INC COM 354613101 2,724 49,200 SH   DFND 1 0 49,200 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 10,394 243,200 SH   SOLE 2, 3 243,200 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 2,945 68,900 SH   DFND 1 0 68,900 0
FULLER H B CO COM 359694106 4,435 99,600 SH   SOLE 3 99,600 0 0
FULLER H B CO COM 359694106 855 19,200 SH   DFND 1 0 19,200 0
HAEMONETICS CORP COM 405024100 2,039 54,500 SH   SOLE 3 54,500 0 0
HCC INS HLDGS INC COM 404132102 401 7,500 SH   SOLE   7,500 0 0
HESS CORP COM 42809H107 23,726 321,400 SH   SOLE 2, 3 321,400 0 0
HESS CORP COM 42809H107 4,282 58,000 SH   DFND 1 0 58,000 0
HOLOGIC INC FRNT 2.000%12/1 436440AB7 6,016 4,825,000 PRN   SOLE 2, 3 4,825,000 0 0
HOLOGIC INC FRNT 2.000%12/1 436440AB7 779 625,000 PRN   DFND 1 0 625,000 0
HOME DEPOT INC COM 437076102 16,333 155,600 SH   SOLE 3 155,600 0 0
HOME DEPOT INC COM 437076102 2,929 27,900 SH   DFND 1 0 27,900 0
HOMETRUST BANCSHARES INC COM 437872104 4,695 281,800 SH   SOLE 3 281,800 0 0
HOSPIRA INC COM 441060100 2,027 33,100 SH   SOLE 2, 3 33,100 0 0
HOSPIRA INC COM 441060100 435 7,100 SH   DFND 1 0 7,100 0
HOWARD HUGHES CORP COM 44267D107 704 5,400 SH   SOLE 3 5,400 0 0
HYATT HOTELS CORP COM CL A 448579102 6,019 99,965 SH   SOLE 3 99,965 0 0
HYATT HOTELS CORP COM CL A 448579102 1,228 20,400 SH   DFND 1 0 20,400 0
ILLINOIS TOOL WKS INC COM 452308109 6,184 65,300 SH   SOLE   65,300 0 0
ILLINOIS TOOL WKS INC COM 452308109 2,339 24,700 SH   DFND 1 0 24,700 0
INFINITY PPTY & CAS CORP COM 45665Q103 3,924 50,792 SH   SOLE 3 50,792 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 3,245 14,800 SH   SOLE 3 14,800 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 439 2,000 SH   DFND 1 0 2,000 0
INTEROIL CORP NOTE 2.750%11/1 460951AC0 6,485 6,445,000 PRN   SOLE 2, 3 6,445,000 0 0
INTEROIL CORP NOTE 2.750%11/1 460951AC0 860 855,000 PRN   DFND 1 0 855,000 0
INVACARE CORP COM 461203101 5,999 357,927 SH   SOLE 3 357,927 0 0
INVACARE CORP COM 461203101 675 40,300 SH   DFND 1 0 40,300 0
INVESCO LTD SHS G491BT108 19,590 495,700 SH   SOLE 3 495,700 0 0
INVESCO LTD SHS G491BT108 3,596 91,000 SH   DFND 1 0 91,000 0
J & J SNACK FOODS CORP COM 466032109 2,328 21,400 SH   SOLE 3 21,400 0 0
JOHNSON & JOHNSON COM 478160104 18,375 175,716 SH   SOLE 2, 3 175,716 0 0
JOHNSON & JOHNSON COM 478160104 4,622 44,200 SH   DFND 1 0 44,200 0
JOHNSON OUTDOORS INC CL A 479167108 1,537 49,267 SH   SOLE 3 49,267 0 0
JPMORGAN CHASE & CO COM 46625H100 18,669 298,327 SH   SOLE   298,327 0 0
JPMORGAN CHASE & CO COM 46625H100 3,016 48,200 SH   DFND 1 0 48,200 0
KINROSS GOLD CORP COM NO PAR 496902404 1,848 655,400 SH   SOLE 3 655,400 0 0
KINROSS GOLD CORP COM NO PAR 496902404 279 98,900 SH   DFND 1 0 98,900 0
LANCASTER COLONY CORP COM 513847103 7,135 76,200 SH   SOLE 3 76,200 0 0
LANCASTER COLONY CORP COM 513847103 1,320 14,100 SH   DFND 1 0 14,100 0
LANDSTAR SYS INC COM 515098101 2,604 35,900 SH   SOLE 3 35,900 0 0
LEGG MASON INC COM 524901105 23,894 447,700 SH   SOLE 2, 3 447,700 0 0
LEGG MASON INC COM 524901105 3,416 64,000 SH   DFND 1 0 64,000 0
LEUCADIA NATL CORP COM 527288104 16,020 714,562 SH   SOLE 2, 3 714,562 0 0
LEUCADIA NATL CORP COM 527288104 1,670 74,500 SH   DFND 1 0 74,500 0
LILLY ELI & CO COM 532457108 6,085 88,200 SH   SOLE 2, 3 88,200 0 0
LILLY ELI & CO COM 532457108 1,607 23,300 SH   DFND 1 0 23,300 0
LOCKHEED MARTIN CORP COM 539830109 8,415 43,700 SH   SOLE   43,700 0 0
LOCKHEED MARTIN CORP COM 539830109 1,175 6,100 SH   DFND 1 0 6,100 0
LOEWS CORP COM 540424108 4,801 114,250 SH   SOLE 2, 3 114,250 0 0
LOEWS CORP COM 540424108 1,034 24,600 SH   DFND 1 0 24,600 0
LOUISIANA PAC CORP COM 546347105 4,971 300,200 SH   SOLE 2, 3 300,200 0 0
LOUISIANA PAC CORP COM 546347105 608 36,700 SH   DFND 1 0 36,700 0
MARSH & MCLENNAN COS INC COM 571748102 6,691 116,900 SH   SOLE   116,900 0 0
MARSH & MCLENNAN COS INC COM 571748102 1,282 22,400 SH   DFND 1 0 22,400 0
MAXIM INTEGRATED PRODS INC COM 57772K101 4,188 131,400 SH   SOLE 3 131,400 0 0
MAXIM INTEGRATED PRODS INC COM 57772K101 1,138 35,700 SH   DFND 1 0 35,700 0
MCDONALDS CORP COM 580135101 3,786 40,400 SH Call SOLE   40,400 0 0
MCDONALDS CORP COM 580135101 20,661 220,500 SH   SOLE 2, 3 220,500 0 0
MCDONALDS CORP COM 580135101 4,741 50,600 SH   DFND 1 0 50,600 0
MERCK & CO INC NEW COM 58933Y105 25,933 456,648 SH   SOLE 2, 3 456,648 0 0
MERCK & CO INC NEW COM 58933Y105 6,077 107,000 SH   DFND 1 0 107,000 0
MERIDIAN BANCORP INC MD COM 58958U103 1,011 90,100 SH   SOLE 3 90,100 0 0
METLIFE INC COM 59156R108 3,085 57,038 SH   SOLE   57,038 0 0
METLIFE INC COM 59156R108 1,103 20,400 SH   DFND 1 0 20,400 0
METRO BANCORP INC PA COM 59161R101 1,111 42,880 SH   SOLE 3 42,880 0 0
MICROSOFT CORP COM 594918104 17,303 372,500 SH   SOLE 2, 3 372,500 0 0
MICROSOFT CORP COM 594918104 3,052 65,700 SH   DFND 1 0 65,700 0
MONDELEZ INTL INC CL A 609207105 2,888 79,500 SH   SOLE   79,500 0 0
MONDELEZ INTL INC CL A 609207105 1,112 30,600 SH   DFND 1 0 30,600 0
MONTPELIER RE HOLDINGS LTD SHS G62185106 265 7,400 SH   SOLE   7,400 0 0
MURPHY OIL CORP COM 626717102 19,880 393,500 SH   SOLE 2, 3 393,500 0 0
MURPHY OIL CORP COM 626717102 4,087 80,900 SH   DFND 1 0 80,900 0
NETAPP INC COM 64110D104 6,421 154,900 SH   SOLE 3 154,900 0 0
NETAPP INC COM 64110D104 1,086 26,200 SH   DFND 1 0 26,200 0
NEWMONT MINING CORP COM 651639106 8,428 445,900 SH   SOLE 3 445,900 0 0
NEWMONT MINING CORP COM 651639106 1,227 64,900 SH   DFND 1 0 64,900 0
NORTHROP GRUMMAN CORP COM 666807102 10,317 70,000 SH   SOLE 3 70,000 0 0
NORTHROP GRUMMAN CORP COM 666807102 1,474 10,000 SH   DFND 1 0 10,000 0
NRG ENERGY INC COM NEW 629377508 6,403 237,579 SH   SOLE 2, 3 237,579 0 0
NRG ENERGY INC COM NEW 629377508 978 36,300 SH   DFND 1 0 36,300 0
OCEANFIRST FINL CORP COM 675234108 3,145 183,500 SH   SOLE 3 183,500 0 0
ORITANI FINL CORP DEL COM 68633D103 11,300 733,776 SH   SOLE 3 733,776 0 0
ORITANI FINL CORP DEL COM 68633D103 1,289 83,700 SH   DFND 1 0 83,700 0
PACWEST BANCORP DEL COM 695263103 5,114 112,500 SH   SOLE 3 112,500 0 0
PACWEST BANCORP DEL COM 695263103 1,314 28,900 SH   DFND 1 0 28,900 0
PARKWAY PPTYS INC COM 70159Q104 6,620 359,970 SH   SOLE 3 359,970 0 0
PARKWAY PPTYS INC COM 70159Q104 671 36,500 SH   DFND 1 0 36,500 0
PATTERSON COMPANIES INC COM 703395103 13,362 277,800 SH   SOLE 3 277,800 0 0
PATTERSON COMPANIES INC COM 703395103 1,573 32,700 SH   DFND 1 0 32,700 0
PAYCHEX INC COM 704326107 10,961 237,400 SH   SOLE 2, 3 237,400 0 0
PAYCHEX INC COM 704326107 2,188 47,400 SH   DFND 1 0 47,400 0
PEPSICO INC COM 713448108 14,827 156,800 SH   SOLE 3 156,800 0 0
PEPSICO INC COM 713448108 2,875 30,400 SH   DFND 1 0 30,400 0
PERMIAN BASIN RTY TR UNIT BEN INT 714236106 1,089 114,000 SH   SOLE 2 114,000 0 0
PICO HLDGS INC COM NEW 693366205 1,889 100,200 SH   SOLE 3 100,200 0 0
PLATINUM UNDERWRITER HLDGS L COM G7127P100 10,213 139,106 SH   SOLE 2, 3 139,106 0 0
PLATINUM UNDERWRITER HLDGS L COM G7127P100 294 4,000 SH   DFND 1 0 4,000 0
PNC FINL SVCS GROUP INC COM 693475105 13,721 150,400 SH   SOLE   150,400 0 0
PNC FINL SVCS GROUP INC COM 693475105 2,436 26,700 SH   DFND 1 0 26,700 0
POST PPTYS INC COM 737464107 9,168 156,000 SH   SOLE 2, 3 156,000 0 0
POST PPTYS INC COM 737464107 2,086 35,500 SH   DFND 1 0 35,500 0
PPL CORP COM 69351T106 2,194 60,400 SH Call SOLE   60,400 0 0
PROASSURANCE CORP COM 74267C106 5,996 132,800 SH   SOLE   132,800 0 0
PROCTER & GAMBLE CO COM 742718109 15,406 169,130 SH   SOLE   169,130 0 0
PROCTER & GAMBLE CO COM 742718109 3,361 36,900 SH   DFND 1 0 36,900 0
PROGRESSIVE CORP OHIO COM 743315103 5,287 195,900 SH   SOLE   195,900 0 0
PSB HLDGS INC COM 69360W108 387 50,381 SH   SOLE   50,381 0 0
PUBLIC SVC ENTERPRISE GROUP COM 744573106 7,702 186,000 SH   SOLE 2, 3 186,000 0 0
PUBLIC SVC ENTERPRISE GROUP COM 744573106 1,242 30,000 SH   DFND 1 0 30,000 0
REGAL BELOIT CORP COM 758750103 1,948 25,900 SH   SOLE 3 25,900 0 0
RTI INTL METALS INC NOTE 1.625%10/1 74973WAB3 9,402 9,674,000 PRN   SOLE 2, 3 9,674,000 0 0
RTI INTL METALS INC NOTE 1.625%10/1 74973WAB3 1,477 1,520,000 PRN   DFND 1 0 1,520,000 0
SAFETY INS GROUP INC COM 78648T100 2,189 34,200 SH   SOLE   34,200 0 0
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 1,931 135,500 SH   SOLE 2 135,500 0 0
SANOFI SPONSORED ADR 80105N105 8,401 184,200 SH   SOLE 2, 3 184,200 0 0
SANOFI SPONSORED ADR 80105N105 2,349 51,500 SH   DFND 1 0 51,500 0
SCIENCE APPLICATNS INTL CP N COM 808625107 7,999 161,500 SH   SOLE 2, 3 161,500 0 0
SCIENCE APPLICATNS INTL CP N COM 808625107 416 8,400 SH   DFND 1 0 8,400 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 534 11,300 SH   SOLE   11,300 0 0
SERVISFIRST BANCSHARES INC COM 81768T108 1,680 51,000 SH   SOLE 3 51,000 0 0
SI FINL GROUP INC MD COM 78425V104 863 77,500 SH   SOLE 3 77,500 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 613 5,400 SH   SOLE   5,400 0 0
STATE AUTO FINL CORP COM 855707105 6,849 308,250 SH   SOLE 2, 3 308,250 0 0
STATE AUTO FINL CORP COM 855707105 1,031 46,400 SH   DFND 1 0 46,400 0
STATE STR CORP COM 857477103 4,584 58,400 SH   SOLE   58,400 0 0
SUNCOR ENERGY INC NEW COM 867224107 4,274 134,500 SH   SOLE   134,500 0 0
SUNCOR ENERGY INC NEW COM 867224107 1,678 52,800 SH   DFND 1 0 52,800 0
SYMETRA FINL CORP COM 87151Q106 43,803 1,900,336 SH   SOLE   1,900,336 0 0
SYNOPSYS INC COM 871607107 1,174 27,000 SH   SOLE 3 27,000 0 0
TALISMAN ENERGY INC COM 87425E103 6,163 787,100 SH   SOLE 2, 3 787,100 0 0
TALISMAN ENERGY INC COM 87425E103 1,426 182,100 SH   DFND 1 0 182,100 0
TELEPHONE & DATA SYS INC COM NEW 879433829 6,131 242,800 SH   SOLE 2, 3 242,800 0 0
TELEPHONE & DATA SYS INC COM NEW 879433829 1,265 50,100 SH   DFND 1 0 50,100 0
THIRD PT REINS LTD COM G8827U100 191 13,200 SH   SOLE   13,200 0 0
TOOTSIE ROLL INDS INC COM 890516107 10,151 331,207 SH   SOLE 2, 3 331,207 0 0
TOOTSIE ROLL INDS INC COM 890516107 1,367 44,607 SH   DFND 1 0 44,607 0
TRANSALTA CORP COM 89346D107 2,429 268,100 SH   SOLE 2, 3 268,100 0 0
TRANSALTA CORP COM 89346D107 540 59,600 SH   DFND 1 0 59,600 0
TYCO INTL PLC SHS G91442106 6,430 146,600 SH   SOLE 3 146,600 0 0
TYCO INTL PLC SHS G91442106 2,110 48,100 SH   DFND 1 0 48,100 0
US BANCORP DEL COM NEW 902973304 5,372 119,500 SH   SOLE   119,500 0 0
US BANCORP DEL COM NEW 902973304 854 19,000 SH   DFND 1 0 19,000 0
VERIFONE SYS INC COM 92342Y109 260 7,000 SH   SOLE 3 7,000 0 0
VERISIGN INC COM 92343E102 8,493 149,000 SH   SOLE 3 149,000 0 0
VERISIGN INC COM 92343E102 1,568 27,500 SH   DFND 1 0 27,500 0
WADDELL & REED FINL INC CL A 930059100 453 9,100 SH   SOLE   9,100 0 0
WAL-MART STORES INC COM 931142103 18,464 215,000 SH   SOLE 2, 3 215,000 0 0
WAL-MART STORES INC COM 931142103 3,942 45,900 SH   DFND 1 0 45,900 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 4,484 58,850 SH   SOLE 2, 3 58,850 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 983 12,900 SH   DFND 1 0 12,900 0
WATERSTONE FINL INC MD COM 94188P101 2,915 221,700 SH   SOLE 3 221,700 0 0
WESTFIELD FINANCIAL INC NEW COM 96008P104 1,422 193,700 SH   SOLE 3 193,700 0 0
WHITE MTNS INS GROUP LTD COM G9618E107 31,506 50,000 SH   SOLE   50,000 0 0
WILLIAMS CLAYTON ENERGY INC COM 969490101 3,158 49,500 SH   SOLE 2, 3 49,500 0 0
WILLIAMS CLAYTON ENERGY INC COM 969490101 651 10,200 SH   DFND 1 0 10,200 0
WINTHROP RLTY TR SH BEN INT NEW 976391300 2,565 164,500 SH   SOLE 2, 3 164,500 0 0
WPX ENERGY INC COM 98212B103 1,032 88,700 SH   SOLE 2, 3 88,700 0 0
WPX ENERGY INC COM 98212B103 193 16,600 SH   DFND 1 0 16,600 0
XEROX CORP COM 984121103 1,337 96,500 SH   SOLE 2, 3 96,500 0 0
XEROX CORP COM 984121103 313 22,600 SH   DFND 1 0 22,600 0
XILINX INC COM 983919101 7,861 181,600 SH   SOLE 3 181,600 0 0
XILINX INC COM 983919101 1,152 26,600 SH   DFND 1 0 26,600 0
XL GROUP PLC SHS G98290102 9,789 284,800 SH   SOLE 3 284,800 0 0
XL GROUP PLC SHS G98290102 533 15,500 SH   DFND 1 0 15,500 0