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
AAR CORP NOTE 2.250% 3/0 000361AM7 4,249 4,110,000 PRN   OTR 1 4,110,000 0 0
ABBOTT LABS COM 002824100 54 1,200 SH   OTR 1,200 0 0
ABBOTT LABS COM 002824100 158 3,500 SH   OTR 1 3,500 0 0
ABBVIE INC COM 00287Y109 79 1,200 SH   OTR 1,200 0 0
ABBVIE INC COM 00287Y109 254 3,885 SH   OTR 1 3,885 0 0
ACELRX PHARMACEUTICALS INC COM 00444T100 173 25,709 SH   SOLE 25,709 0 0
AIR LEASE CORP CL A 00912X302 51,420 1,498,685 SH   OTR 1,492,290 0 6,395
AIR LEASE CORP CL A 00912X302 57,352 1,671,578 SH   OTR 1 1,669,578 0 2,000
AIR LEASE CORP NOTE 3.875%12/0 00912XAK0 1,783 1,305,000 PRN   OTR 1 1,305,000 0 0
ALLEGHANY CORP DEL COM 017175100 43,382 93,597 SH   OTR 93,187 0 410
ALLEGHANY CORP DEL COM 017175100 48,209 104,010 SH   OTR 1 103,859 0 151
AMERICAN EXPRESS CO COM 025816109 500 5,375 SH   SOLE 5,375 0 0
AMERICAN WTR WKS CO INC NEW COM 030420103 51,429 964,897 SH   OTR 959,912 0 4,985
AMERICAN WTR WKS CO INC NEW COM 030420103 60,952 1,143,558 SH   OTR 1 1,139,418 0 4,140
APPLE INC COM 037833100 1,139 10,318 SH   OTR 1 10,318 0 0
ATMEL CORP COM 049513104 148 17,700 SH   OTR 1 6,700 0 11,000
BARRETT BILL CORP NOTE 5.000% 3/1 06846NAA2 6,095 6,103,000 PRN   OTR 1 6,103,000 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 904 4 SH   OTR 4 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 226 1 SH   OTR 1 0 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 604 4,019 SH   OTR 1 3,969 0 50
BOEING CO COM 097023105 35,831 275,662 SH   OTR 274,552 0 1,110
BOEING CO COM 097023105 41,296 317,709 SH   OTR 1 317,709 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 627 10,617 SH   OTR 10,617 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 357 6,051 SH   OTR 1 6,051 0 0
CALIFORNIA RES CORP COM 13057Q107 1,024 185,761 SH   OTR 185,075 0 686
CALIFORNIA RES CORP COM 13057Q107 1,210 219,554 SH   OTR 1 219,076 0 478
CASTLE A M & CO NOTE 7.000%12/1 148411AF8 7,326 7,200,000 PRN   OTR 1 7,200,000 0 0
CHARTER COMMUNICATIONS INC D CL A NEW 16117M305 51,900 311,485 SH   OTR 310,210 0 1,275
CHARTER COMMUNICATIONS INC D CL A NEW 16117M305 57,178 343,165 SH   OTR 1 343,165 0 0
CINEMARK HOLDINGS INC COM 17243V102 54,577 1,533,914 SH   OTR 1,527,239 0 6,675
CINEMARK HOLDINGS INC COM 17243V102 61,121 1,717,830 SH   OTR 1 1,713,120 0 4,710
COCA COLA CO COM 191216100 34 810 SH   OTR 810 0 0
COCA COLA CO COM 191216100 819 19,392 SH   OTR 1 19,392 0 0
CONE MIDSTREAM PARTNERS LP COM UNIT REPST 206812109 28,110 1,165,410 SH   OTR 1,160,205 0 5,205
CONE MIDSTREAM PARTNERS LP COM UNIT REPST 206812109 24,425 1,012,665 SH   OTR 1 1,012,665 0 0
CROWN HOLDINGS INC COM 228368106 53,404 1,049,185 SH   OTR 1,044,125 0 5,060
CROWN HOLDINGS INC COM 228368106 60,730 1,193,120 SH   OTR 1 1,193,120 0 0
DIAGEO P L C SPON ADR NEW 25243Q205 38,529 337,705 SH   OTR 336,105 0 1,600
DIAGEO P L C SPON ADR NEW 25243Q205 47,612 417,327 SH   OTR 1 416,877 0 450
DIGITAL RLTY TR INC COM 253868103 49,078 740,247 SH   OTR 737,617 0 2,630
DIGITAL RLTY TR INC COM 253868103 51,848 782,018 SH   OTR 1 780,133 0 1,885
DIRECTV COM 25490A309 45,139 520,634 SH   OTR 518,349 0 2,285
DIRECTV COM 25490A309 45,394 523,572 SH   OTR 1 523,572 0 0
DURECT CORP COM 266605104 63 79,256 SH   SOLE 79,256 0 0
EBAY INC COM 278642103 38,386 684,005 SH   OTR 681,245 0 2,760
EBAY INC COM 278642103 43,218 770,105 SH   OTR 1 769,105 0 1,000
ENTERPRISE PRODS PARTNERS L COM 293792107 36,631 1,014,170 SH   OTR 1 1,010,170 0 4,000
ENTERPRISE PRODS PARTNERS L COM 293792107 45,894 1,270,590 SH   OTR 1,265,490 0 5,100
EXXON MOBIL CORP COM 30231G102 1,021 11,046 SH   OTR 11,046 0 0
EXXON MOBIL CORP COM 30231G102 1,010 10,921 SH   OTR 1 10,921 0 0
FIRST REP BK SAN FRANCISCO C COM 33616C100 997 19,125 SH   OTR 19,125 0 0
FIRST REP BK SAN FRANCISCO C COM 33616C100 50 952 SH   OTR 1 952 0 0
GOOGLE INC CL A 38259P508 20,723 39,052 SH   OTR 38,907 0 145
GOOGLE INC CL A 38259P508 26,635 50,193 SH   OTR 1 47,683 0 0
GOOGLE INC CL C 38259P706 25,750 48,918 SH   OTR 48,682 0 236
GOOGLE INC CL C 38259P706 32,375 61,502 SH   OTR 1 58,892 0 100
HEALTHSOUTH CORP COM NEW 421924309 21,692 564,005 SH   OTR 561,080 0 2,925
HEALTHSOUTH CORP COM NEW 421924309 22,703 590,310 SH   OTR 1 590,310 0 0
JOHNSON & JOHNSON COM 478160104 47,892 457,994 SH   OTR 455,859 0 2,135
JOHNSON & JOHNSON COM 478160104 58,879 563,053 SH   OTR 1 563,053 0 0
KINDER MORGAN INC DEL *W EXP 05/25/201 49456B119 43 10,000 PRN   OTR 1 0 0 10,000
KINDER MORGAN INC DEL COM 49456B101 20,945 495,038 SH   OTR 1 495,038 0 0
KINDER MORGAN INC DEL COM 49456B101 2,986 70,570 SH   OTR 70,570 0 0
LIBERTY INTERACTIVE CORP INT COM SER A 53071M104 42,979 1,460,882 SH   OTR 1,454,832 0 6,050
LIBERTY INTERACTIVE CORP INT COM SER A 53071M104 49,682 1,688,701 SH   OTR 1 1,688,701 0 0
LIBERTY INTERACTIVE CORP LBT VENT COM A 53071M880 10,054 266,530 SH   OTR 265,400 0 1,130
LIBERTY INTERACTIVE CORP LBT VENT COM A 53071M880 11,668 309,325 SH   OTR 1 309,325 0 0
LILLY ELI & CO COM 532457108 1,135 16,451 SH   SOLE 16,451 0 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 57,284 693,006 SH   OTR 688,731 0 4,275
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 55,273 668,689 SH   OTR 1 666,349 0 2,340
MEAD JOHNSON NUTRITION CO COM 582839106 207 2,060 SH   SOLE 2,060 0 0
MERCK & CO INC NEW COM 58933Y105 44 783 SH   OTR 783 0 0
MERCK & CO INC NEW COM 58933Y105 644 11,338 SH   OTR 1 11,338 0 0
NAVISTAR INTL CORP NEW NOTE 4.500%10/1 63934EAQ1 40,613 42,360,000 PRN   OTR 1 42,360,000 0 0
NEW RESIDENTIAL INVT CORP COM NEW 64828T201 29,552 2,314,144 SH   OTR 2,304,804 0 9,340
NEW RESIDENTIAL INVT CORP COM NEW 64828T201 33,165 2,597,092 SH   OTR 1 2,589,565 0 7,527
NEW SR INVT GROUP INC COM 648691103 32,467 1,973,682 SH   OTR 1 1,969,483 0 4,199
NEW SR INVT GROUP INC COM 648691103 27,751 1,686,979 SH   OTR 1,680,083 0 6,896
NEWCASTLE INVT CORP NEW COM PAR $0.01 65105M603 3,724 829,359 SH   OTR 829,359 0 0
NEWCASTLE INVT CORP NEW COM PAR $0.01 65105M603 2,448 545,241 SH   OTR 1 541,372 0 3,869
NOVAGOLD RES INC COM NEW 66987E206 36 12,100 SH   OTR 1 12,100 0 0
NOVARTIS A G SPONSORED ADR 66987V109 25,843 278,904 SH   OTR 277,739 0 1,165
NOVARTIS A G SPONSORED ADR 66987V109 38,363 414,021 SH   OTR 1 414,021 0 0
NRG YIELD INC COM CL A 62942X108 30,669 650,600 SH   OTR 648,035 0 2,565
NRG YIELD INC COM CL A 62942X108 44,391 941,677 SH   OTR 1 941,677 0 0
NVIDIA CORP NOTE 1.000%12/0 67066GAC8 34,481 30,000,000 PRN   OTR 1 30,000,000 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 37,695 467,616 SH   OTR 465,901 0 1,715
OCCIDENTAL PETE CORP DEL COM 674599105 45,711 567,065 SH   OTR 1 565,870 0 1,195
OWENS ILL INC COM NEW 690768403 50,188 1,859,485 SH   OTR 1 1,854,905 0 4,580
OWENS ILL INC COM NEW 690768403 41,713 1,545,492 SH   OTR 1,539,237 0 6,255
PHH CORP COM NEW 693320202 36,201 1,510,890 SH   OTR 1 1,510,890 0 0
PHH CORP COM NEW 693320202 32,629 1,361,812 SH   OTR 1,356,142 0 5,670
PLAINS GP HLDGS L P SHS A REP LTPN 72651A108 36,281 1,412,825 SH   OTR 1,406,715 0 6,110
PLAINS GP HLDGS L P SHS A REP LTPN 72651A108 43,048 1,676,305 SH   OTR 1 1,676,305 0 0
POPE RES DEL LTD PARTNERSHIP DEPOSITRY RCPT 732857107 990 15,560 SH   OTR 1 0 0 0
PROCTER & GAMBLE CO COM 742718109 1,837 20,172 SH   OTR 19,752 0 420
PROCTER & GAMBLE CO COM 742718109 1,691 18,564 SH   OTR 1 18,564 0 0
QUESTAR CORP COM 748356102 28,373 1,122,341 SH   OTR 1,117,726 0 4,615
QUESTAR CORP COM 748356102 38,775 1,533,820 SH   OTR 1 1,533,630 0 190
ROPER INDS INC NEW COM 776696106 313 2,000 SH   OTR 1 2,000 0 0
SANOFI RIGHT 12/31/2020 80105N113 110 138,300 SH   OTR 1 88,300 0 50,000
STONEGATE MTG CORP COM 86181Q300 9,419 787,530 SH   OTR 787,530 0 0
STONEGATE MTG CORP COM 86181Q300 10,115 845,769 SH   OTR 1 839,329 0 6,440
TELEFLEX INC COM 879369106 55,249 481,180 SH   OTR 1 481,180 0 0
TELEFLEX INC COM 879369106 46,925 408,687 SH   OTR 406,887 0 1,800
TELEFLEX INC NOTE 3.875% 8/0 879369AA4 34,054 18,150,000 PRN   OTR 1 18,150,000 0 0
THOMPSON CREEK METALS CO INC COM 884768102 25 15,000 SH   OTR 1 0 0 15,000
TRI POINTE HOMES INC COM 87265H109 3,763 246,745 SH   OTR 245,635 0 1,110
TRI POINTE HOMES INC COM 87265H109 5,283 346,455 SH   OTR 1 346,455 0 0
TRIUMPH GROUP INC NEW COM 896818101 30,270 450,315 SH   OTR 450,130 0 185
TRIUMPH GROUP INC NEW COM 896818101 34,000 505,800 SH   OTR 1 505,800 0 0
UNILEVER N V N Y SHS NEW 904784709 40,477 1,036,821 SH   OTR 1,032,186 0 4,635
UNILEVER N V N Y SHS NEW 904784709 47,109 1,206,694 SH   OTR 1 1,205,694 0 1,000
UNION PAC CORP COM 907818108 715 6,000 SH   SOLE 6,000 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 62,680 437,988 SH   OTR 436,344 0 1,644
VALEANT PHARMACEUTICALS INTL COM 91911K102 69,397 484,922 SH   OTR 1 482,922 0 2,000
VIACOM INC NEW CL B 92553P201 43,776 581,742 SH   OTR 579,652 0 2,090
VIACOM INC NEW CL B 92553P201 47,316 628,787 SH   OTR 1 628,126 0 661
WELLS FARGO & CO NEW COM 949746101 581 10,592 SH   OTR 1 10,592 0 0
XPO LOGISTICS INC NOTE 4.500%10/0 983793AA8 6,924 2,720,000 PRN   OTR 1 2,720,000 0 0