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
ACTIVISION BLIZZARD,INC COM 00507V109 911 63,900 SH   SOLE   63,900 0 0
ADCARE HEALTH SYSTEMS INC COM 00650W300 96 20,000 SH   SOLE   20,000 0 0
ALLSCRIPTS HEALTHCARE SOLUTICO COM 01988P108 410 31,700 SH   SOLE   31,700 0 0
AMERICAN EXPRESS CO COM 025816109 262 3,500 SH   SOLE   3,500 0 0
AMERICAN GREETINGS CORP CL A COM 026375105 1,030 56,530 SH   SOLE   56,530 0 0
AMERISTAR CASINOS INC COM COM 03070Q101 6,262 238,195 SH   SOLE   238,195 0 0
AMG 3.95% 08/15/38 CONVERTIBLE BOND 008252AL2 1,384 1,075,000 PRN   SOLE   1,075,000 0 0
ARBITRON INC COM COM 03875Q108 890 19,161 SH   SOLE   19,161 0 0
ASSISTED LIVING CONCPT NEV NEW COM 04544X300 5,692 475,924 SH   SOLE   475,924 0 0
BIOTA HOLDINGS LTD COM 090694100 1,369 396,677 SH   SOLE   396,677 0 0
BANK OF AMERICA COM 060505104 1,398 108,729 SH   SOLE   108,729 0 0
BANK OF NEW YORK MELLON CORP COM 064058100 309 11,000 SH   SOLE   11,000 0 0
BASIC ENERGY SVCS INC NEW COM COM 06985P100 151 12,500 SH   SOLE   12,500 0 0
BECTON DICKINSON & CO COM COM 075887109 237 2,400 SH   SOLE   2,400 0 0
BELO CORP COM 080555105 2,659 190,600 SH   SOLE   190,600 0 0
BMC SOFTWARE INC COM COM 055921100 15,988 354,270 SH   SOLE   354,270 0 0
BUCKEYE TECHNOLOGIES INC COM COM 118255108 11,547 311,750 SH   SOLE   311,750 0 0
CABLEVISION SYS NY GROUP A COM 12686C109 336 20,000 SH   SOLE   20,000 0 0
CAPLEASE INC COM COM 140288101 628 74,400 SH   SOLE   74,400 0 0
CBS CORP CLASS A COM 124857103 439 9,000 SH   SOLE   9,000 0 0
CHICAGO BRIDGE & IRON COM 167250109 239 4,000 SH   SOLE   4,000 0 0
CHIPOTLE MEXICAN GRILL INC CL COM 169656105 2,368 6,500 SH   SOLE   6,500 0 0
CIE 2.625% 12/01/19 CONVERTIBLE BOND 19075FAA4 2,387 2,250,000 PRN   SOLE   2,250,000 0 0
CINCINNATI BELL COM 171871106 775 253,176 SH   SOLE   253,176 0 0
CLEAR CHANNEL OUTDOOR HLDGS CL COM 18451C109 104 14,000 SH   SOLE   14,000 0 0
CLEARWIRE CORP-CLASS A COM 18538Q105 1,352 270,656 SH   SOLE   270,656 0 0
CNH GLOBAL NV COM COM N20935206 17,604 422,574 SH   SOLE   422,574 0 0
COMMONWEALTH REIT COM SH BEN I COM 203233101 2,238 96,814 SH   SOLE   96,814 0 0
COMPUWARE CORP COM COM 205638109 1,685 162,956 SH   SOLE   162,956 0 0
COMVERSE INC COM COM 20585P105 1,457 49,115 SH   SOLE   49,115 0 0
COOPER TIRE & RUBBER CO COM 216831107 5,691 171,556 SH   SOLE   171,556 0 0
CORCEPT THERAPEUTICS INC OC-CO COM 218352102 173 100,000 SH   SOLE   100,000 0 0
CORNING INC COM 219350105 270 19,000 SH   SOLE   19,000 0 0
DELL INC COM 24702R101 18,250 1,369,642 SH   SOLE   1,369,642 0 0
DIGITAL GENERATION INC COM 25400B108 94 12,700 SH   SOLE   12,700 0 0
DISCOVERY COMMS NEW SER C COM 25470F302 3,307 47,400 SH   SOLE   47,400 0 0
EATON CORP PLC SHS COM G29183103 579 8,800 SH   SOLE   8,800 0 0
EBIX INC COM NEW COM 278715206 422 45,610 SH   SOLE   45,610 0 0
ELAN PLC ADR COM 284131208 3,454 244,304 SH   SOLE   244,304 0 0
EMULEX CORP COM NEW COM 292475209 226 34,600 SH   SOLE   34,600 0 0
ENCORE CAP GROUP INC COM COM 292554102 208 6,281 SH   SOLE   6,281 0 0
ENERGY TRANSFER PARTNERS L PUN COM 29273R109 620 12,274 SH   SOLE   12,274 0 0
EXACTTARGET INC COM COM 30064K105 20,573 610,102 SH   SOLE   610,102 0 0
FEDERAL MOGUL CORP CL A COM 313549404 715 70,033 SH   SOLE   70,033 0 0
FERRO CORP COM 315405100 1,816 261,266 SH   SOLE   261,266 0 0
FISHER COMMUNICATIONS INC COM 337756209 353 8,600 SH   SOLE   8,600 0 0
FLOTEK INDS INC DEL COM COM 343389102 269 15,000 SH   SOLE   15,000 0 0
FREEPORT MCMORAN COPPER&GOLD C COM 35671D857 2,059 74,575 SH   SOLE   74,575 0 0
GARDNER DENVER INC COM 365558105 25,256 335,937 SH   SOLE   335,937 0 0
GREENBRIER COS INC COM 393657101 244 10,000 SH   SOLE   10,000 0 0
GRIFOLS SA SP ADR REP B NVT COM 398438408 954 33,511 SH   SOLE   33,511 0 0
HARRIS TEETER SUPERMARKETS ICO COM 414585109 370 7,900 SH   SOLE   7,900 0 0
HUDSON CITY BANCORP INC COM COM 443683107 6,231 679,152 SH   SOLE   679,152 0 0
INTERMEC INC COM 458786100 8,932 908,684 SH   SOLE   908,684 0 0
KEY ENERGY SVCS INC COM COM 492914106 64 10,800 SH   SOLE   10,800 0 0
KEYNOTE SYS INC COM 493308100 2,405 121,695 SH   SOLE   121,695 0 0
LENDER PROCESSING SVCS INC COM COM 52602E102 1,462 45,200 SH   SOLE   45,200 0 0
LENNAR B SHARES COM 526057302 5,981 210,954 SH   SOLE   210,954 0 0
LEXICON PHARMACEUTICALS INC COM 528872104 33 15,000 SH   SOLE   15,000 0 0
LIBERTY GLOBAL PLC SHS CL C COM G5480U120 1,356 19,973 SH   SOLE   19,973 0 0
LIBERTY VENTURES SER A COM 53071M880 550 6,469 SH   SOLE   6,469 0 0
LIFE TECHNOLOGIES CORP COM COM 53217V109 23,410 316,351 SH   SOLE   316,351 0 0
LUFKIN INDS INC COM COM 549764108 20,463 231,300 SH   SOLE   231,300 0 0
MARKET LEADER INC COM COM 57056R103 494 46,200 SH   SOLE   46,200 0 0
MAXYGEN INC COM COM 577776107 1,019 410,818 SH   SOLE   410,818 0 0
MCP 6.000% 09/01/17 CONVERTIBLE BOND 608753AF6 272 375,000 PRN   SOLE   375,000 0 0
MET PRO CORP COM COM 590876306 249 18,500 SH   SOLE   18,500 0 0
MOLYCORP INC DEL COM COM 608753109 257 41,400 SH   SOLE   41,400 0 0
MONSTER WORLDWIDE INC COM COM 611742107 1,469 299,166 SH   SOLE   299,166 0 0
MORGANS HOTEL GROUP CO COM COM 61748W108 2,998 372,010 SH   SOLE   372,010 0 0
MPG OFFICE TR INC COM COM 553274101 1,322 421,127 SH   SOLE   421,127 0 0
MUELLER WATER PRODUCTS INC COM 624758108 173 25,000 SH   SOLE   25,000 0 0
NATIONAL FINL PARTNERS CORP CO COM 63607P208 2,382 94,125 SH   SOLE   94,125 0 0
NATIONAL FUEL GAS CO N J COM COM 636180101 342 5,900 SH   SOLE   5,900 0 0
NEOGENOMICS INC COM NEW COM 64049M209 80 20,000 SH   SOLE   20,000 0 0
NETSPEND HLDGS INC COM COM 64118V106 4,979 311,554 SH   SOLE   311,554 0 0
NII HLDGS INC CL B NEW COM 62913F201 120 18,000 SH   SOLE   18,000 0 0
NUVERRA ENVIRONMENTAL SOLUTION COM 67091K104 73 25,000 SH   SOLE   25,000 0 0
NV ENERGY INC COM COM 67073Y106 9,731 414,780 SH   SOLE   414,780 0 0
NYSE EURONEXT COM COM 629491101 29,873 721,559 SH   SOLE   721,559 0 0
OFFICEMAX INC COM 67622P101 1,507 147,300 SH   SOLE   147,300 0 0
ORIENT-EXPRESS HOTELS LTD COM COM G67743107 1,015 83,488 SH   SOLE   83,488 0 0
PACTERA TECHNOLOGY INTL LTD SP COM 695255109 441 65,300 SH   SOLE   65,300 0 0
PEABODY ENERGY CORP COM COM 704549104 417 28,500 SH   SOLE   28,500 0 0
PEP BOYS MANNY MOE & JACK COM 713278109 728 62,910 SH   SOLE   62,910 0 0
PLX TECHNOLOGY INC COM COM 693417107 817 171,555 SH   SOLE   171,555 0 0
POST HOLDINGS INC COM 737446104 218 5,000 SH   SOLE   5,000 0 0
POWER-ONE INC COM 73930R102 3,769 596,432 SH   SOLE   596,432 0 0
PRIMUS TELECOMMUNICATIONS GR COM 741929301 673 56,349 SH   SOLE   56,349 0 0
PROLOR BIOTECH INC COM COM 74344F106 789 125,400 SH   SOLE   125,400 0 0
PROSHARES TRUST PSHS ULSHT SP5 ETF - EQUITY 74347B300 327 8,000 SH   SOLE   8,000 0 0
RANDGOLD RES LTD ADR COM 752344309 723 11,300 SH   SOLE   11,300 0 0
RUE21 INC COM COM 781295100 2,588 62,200 SH   SOLE   62,200 0 0
SAFEWAY INC COM NEW COM 786514208 1,008 42,600 SH   SOLE   42,600 0 0
SANDRIDGE ENERGY INC COM COM 80007P307 250 52,500 SH   SOLE   52,500 0 0
SANOFI-AVENTIS-CVR COM 80105N113 1,639 862,576 SH   SOLE   862,576 0 0
SMITH & WESSON HLDG CORP COM COM 831756101 612 61,317 SH   SOLE   61,317 0 0
SMITHFIELD FOODS INC COM COM 832248108 9,513 290,464 SH   SOLE   290,464 0 0
SNYDERS LANCE INC COM COM 833551104 284 10,000 SH   SOLE   10,000 0 0
SOUNDBITE COMMUNICATIONS INCCO COM 836091108 1,005 201,400 SH   SOLE   201,400 0 0
SPRINT NEXTEL CORP COM 852061100 11,753 1,674,187 SH   SOLE   1,674,187 0 0
SPWRA 4 1/2 03/15 CONVERTIBLE BOND 867652AE9 1,160 1,000,000 PRN   SOLE   1,000,000 0 0
STEC INC COM COM 784774101 1,025 152,513 SH   SOLE   152,513 0 0
STERLING BANCORP COM COM 859158107 1,164 100,199 SH   SOLE   100,199 0 0
STEWART ENTERPRISES INC CL A COM 860370105 7,565 576,598 SH   SOLE   576,598 0 0
SUNEDISON INC COM 86732Y109 286 35,000 SH   SOLE   35,000 0 0
TELEPHONE & DATA SYS COM 879433829 444 18,018 SH   SOLE   18,018 0 0
TEXAS INSTRUMENTS INC COM 882508104 244 7,000 SH   SOLE   7,000 0 0
TRUE RELIGION APPAREL INC COM COM 89784N104 2,507 79,177 SH   SOLE   79,177 0 0
T-MOBILE US INC COM 872590104 5,917 238,497 SH   SOLE   238,497 0 0
UNIVERSAL AMERICAN CORP COM 91338E101 411 46,186 SH   SOLE   46,186 0 0
VANGUARD HEALTH SYS INC COM COM 922036207 4,953 238,800 SH   SOLE   238,800 0 0
VERINT SYS INC COM 92343X100 860 24,258 SH   SOLE   24,258 0 0
VIACOM INC NEW CL A COM 92553P102 465 6,800 SH   SOLE   6,800 0 0
VIRGINIA COMM BANCORP INC COM COM 92778Q109 160 11,439 SH   SOLE   11,439 0 0
VODAFONE GROUP ADR COM 92857W209 253 8,800 SH   SOLE   8,800 0 0
WARNER CHILCOTT PLC IRELAND SH COM G94368100 6,349 318,904 SH   SOLE   318,904 0 0
WEATHERFORD INTERNATIONAL LTD COM H27013103 1,012 73,900 SH   SOLE   73,900 0 0
WELLS FARGO & CO NEW COM 949746101 3,374 81,743 SH   SOLE   81,743 0 0
WILLBROS GROUP INC DEL COM COM 969203108 276 44,913 SH   SOLE   44,913 0 0
WMS INDS INC COM COM 929297109 6,431 252,104 SH   SOLE   252,104 0 0
WRIGHT MEDICAL GROUP INC-CVR COM 98235T115 69 25,569 SH   SOLE   25,569 0 0
YAHOO INC. COM 984332106 327 13,000 SH   SOLE   13,000 0 0