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
AIRGAS INC CALL 009363102 150 869 SH Call DFND 1 0 869 0
CABLEVISION SYS CORP CALL 12686C109 716 1,704 SH Call DFND 1 0 1,704 0
THE ADT CORPORATION COM 00101J106 1,441 34,915 SH   DFND 1 0 34,915 0
AIRGAS INC COM 009363102 4,002 28,254 SH   DFND 1 0 28,254 0
ALKERMES PLC SHS G01767105 2,609 9,733 SH   DFND 1 0 9,733 0
CABLEVISION SYS CORP CL A 12686C109 10,848 328,728 SH   DFND 1 0 328,728 0
FAIRCHILD SEMICONDUCTOR INTL COM 303726103 1,136 56,810 SH   DFND 1 0 56,810 0
HUMANA INC COM 444859102 9,404 51,401 SH   DFND 1 0 51,401 0
ITC HLDGS CORP COM 465685105 11,235 257,855 SH   DFND 1 0 257,855 0
JARDEN CORP COM 471109108 20,077 340,579 SH   DFND 1 0 340,579 0
SANDISK CORP COM 80004C101 9,250 121,583 SH   DFND 1 0 121,583 0
STARWOOD HOTELS&RESORTS WRLD COM 85590A401 11,618 139,251 SH   DFND 1 0 139,251 0
SYNGENTA AG SPONSORED ADR 87160A100 10,649 128,576 SH   DFND 1 0 128,576 0
TIME WARNER CABLE INC COM 88732J207 17,840 87,187 SH   DFND 1 0 87,187 0
WINTHROP RLTY TR SH BEN INT 976391300 6,218 473,578 SH   DFND 1 0 473,578 0
NORTEL NETWORKS CORP NOTE 656568AE2 38,559 45,230,000 PRN   DFND 1 0 45,230,000 0
SANDISK CORP NOTE 80004CAD3 2,240 1,420,000 PRN   DFND 1 0 1,420,000 0
AIRGAS INC CALL 009363102 221 1,281 SH Call DFND 1 2 0 1,281 0
CABLEVISION SYS CORP CALL 12686C109 632 1,505 SH Call DFND 1 2 0 1,505 0
THE ADT CORPORATION COM 00101J106 3,929 95,237 SH   DFND 1 2 0 95,237 0
AIRGAS INC COM 009363102 8,612 60,801 SH   DFND 1 2 0 60,801 0
ALKERMES PLC SHS G01767105 2,461 9,182 SH   DFND 1 2 0 9,182 0
CABLEVISION SYS CORP CL A 12686C109 7,707 233,531 SH   DFND 1 2 0 233,531 0
FAIRCHILD SEMICONDUCTOR INTL COM 303726103 4,834 241,707 SH   DFND 1 2 0 241,707 0
HUMANA INC COM 444859102 6,842 37,399 SH   DFND 1 2 0 37,399 0
ITC HLDGS CORP COM 465685105 10,536 241,811 SH   DFND 1 2 0 241,811 0
JARDEN CORP COM 471109108 17,104 290,136 SH   DFND 1 2 0 290,136 0
SANDISK CORP COM 80004C101 5,885 77,350 SH   DFND 1 2 0 77,350 0
STARWOOD HOTELS&RESORTS WRLD COM 85590A401 8,171 97,944 SH   DFND 1 2 0 97,944 0
SYNGENTA AG SPONSORED ADR 87160A100 5,480 66,168 SH   DFND 1 2 0 66,168 0
TIME WARNER CABLE INC COM 88732J207 14,297 69,871 SH   DFND 1 2 0 69,871 0
WINTHROP RLTY TR SH BEN INT 976391300 2,344 178,522 SH   DFND 1 2 0 178,522 0
HARMONY MERGER CORP COM 413247107 2,129 215,000 SH   DFND 1 2 0 215,000 0
HARMONY MERGER CORP UNIT 413247206 1,102 107,500 SH   DFND 1 2 0 107,500 0
NORTEL NETWORKS CORP NOTE 656568AE2 9,385 11,009,000 PRN   DFND 1 2 0 11,009,000 0
SANDISK CORP NOTE 80004CAD3 1,325 840,000 PRN   DFND 1 2 0 840,000 0
HARMONY MERGER CORP WRT 413247123 98 500,000 SH   DFND 1 2 0 500,000 0
CABLEVISION SYS CORP CALL 12686C109 71 168 SH Call DFND 1 2 3 4 0 168 0
THE ADT CORPORATION COM 00101J106 976 23,648 SH   DFND 1 2 3 4 0 23,648 0
AIRGAS INC COM 009363102 2,711 19,137 SH   DFND 1 2 3 4 0 19,137 0
ALKERMES PLC SHS G01767105 540 2,013 SH   DFND 1 2 3 4 0 2,013 0
CABLEVISION SYS CORP CL A 12686C109 1,956 59,262 SH   DFND 1 2 3 4 0 59,262 0
FAIRCHILD SEMICONDUCTOR INTL COM 303726103 761 38,054 SH   DFND 1 2 3 4 0 38,054 0
HUMANA INC COM 444859102 1,709 9,341 SH   DFND 1 2 3 4 0 9,341 0
ITC HLDGS CORP COM 465685105 1,842 42,274 SH   DFND 1 2 3 4 0 42,274 0
JARDEN CORP COM 471109108 3,615 61,330 SH   DFND 1 2 3 4 0 61,330 0
SANDISK CORP COM 80004C101 2,089 27,456 SH   DFND 1 2 3 4 0 27,456 0
STARWOOD HOTELS&RESORTS WRLD COM 85590A401 1,905 22,839 SH   DFND 1 2 3 4 0 22,839 0
SYNGENTA AG SPONSORED ADR 87160A100 1,659 20,033 SH   DFND 1 2 3 4 0 20,033 0
TIME WARNER CABLE INC COM 88732J207 3,634 17,758 SH   DFND 1 2 3 4 0 17,758 0
MARRIOTT INTL INC PUT 571903202 8 55 SH Put DFND 1 2 3 4 0 55 0
CABLEVISION SYS CORP CALL 12686C109 120 286 SH Call DFND 1 2 3 0 286 0
THE ADT CORPORATION COM 00101J106 1,687 40,886 SH   DFND 1 2 3 0 40,886 0
AIRGAS INC COM 009363102 4,186 29,551 SH   DFND 1 2 3 0 29,551 0
ALKERMES PLC SHS G01767105 934 3,483 SH   DFND 1 2 3 0 3,483 0
CABLEVISION SYS CORP CL A 12686C109 3,531 107,006 SH   DFND 1 2 3 0 107,006 0
FAIRCHILD SEMICONDUCTOR INTL COM 303726103 1,326 66,308 SH   DFND 1 2 3 0 66,308 0
HUMANA INC COM 444859102 2,952 16,137 SH   DFND 1 2 3 0 16,137 0
ITC HLDGS CORP COM 465685105 3,213 73,744 SH   DFND 1 2 3 0 73,744 0
JARDEN CORP COM 471109108 5,801 98,399 SH   DFND 1 2 3 0 98,399 0
SANDISK CORP COM 80004C101 3,658 48,075 SH   DFND 1 2 3 0 48,075 0
STARWOOD HOTELS&RESORTS WRLD COM 85590A401 3,467 41,559 SH   DFND 1 2 3 0 41,559 0
SYNGENTA AG SPONSORED ADR 87160A100 2,868 34,633 SH   DFND 1 2 3 0 34,633 0
TIME WARNER CABLE INC COM 88732J207 6,282 30,699 SH   DFND 1 2 3 0 30,699 0
NORTEL NETWORKS CORP NOTE 656568AE2 7,284 8,544,000 PRN   DFND 1 2 5 0 8,544,000 0