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
ALLY FINL INC COM 02005N100 23,364 1,253,420 SH   DFND 1 2 3 4 5 1,253,420 0 0
ALLY FINL INC COM 02005N100 34,397 1,845,314 SH   DFND 1 2 3 4 8 1,845,314 0 0
ALLY FINL INC COM 02005N100 35,454 1,902,029 SH   DFND 1 2 3 4 1,902,029 0 0
AMERICAN CAP LTD COM 02503Y103 21,133 1,532,547 SH   DFND 1 2 3 4 1,532,547 0 0
AMERICAN CAP LTD COM 02503Y103 25,112 1,821,030 SH   DFND 1 2 3 4 8 1,821,030 0 0
AR CAP ACQUISITION CORP UNIT 10/06/2019 00191R208 1,951 200,533 SH   DFND 1 2 3 4 200,533 0 0
AR CAP ACQUISITION CORP UNIT 10/06/2019 00191R208 9,834 1,010,666 SH   DFND 1 2 3 4 5 1,010,666 0 0
CAESARS ACQUISITION CO CL A 12768T103 385 56,504 SH   DFND 1 2 3 4 56,504 0 0
CAESARS ACQUISITION CO CL A 12768T103 6,595 968,413 SH   DFND 1 2 3 4 5 968,413 0 0
CHENIERE ENERGY INC COM NEW 16411R208 1,037 27,837 SH   DFND 1 2 3 4 27,837 0 0
CHENIERE ENERGY INC COM NEW 16411R208 26,348 707,344 SH   DFND 1 2 3 4 5 707,344 0 0
CONSUMER PORTFOLIO SVCS INC COM 210502100 2,342 451,175 SH   DFND 1 2 3 4 5 451,175 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C102 654 30,975 SH   DFND 1 2 3 4 30,975 0 0
E HOUSE CHINA HLDGS LTD ADR 26852W103 9,685 1,539,720 SH   DFND 1 2 3 4 6 1,539,720 0 0
E M C CORP MASS COM 268648102 17,257 672,000 SH   DFND 1 2 3 4 6 672,000 0 0
E-COMMERCE CHINA DANGDANG IN SPN ADS COM A 26833A105 8,628 1,200,000 SH   DFND 1 2 3 4 6 1,200,000 0 0
FORTRESS TRANS INFRST INVS L COM REP LTD LIAB 34960P101 8,430 748,644 SH   DFND 1 2 3 4 748,644 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 291,923 10,500,825 SH   DFND 1 2 3 4 10,500,825 0 0
GENERAL GROWTH PPTYS INC NEW COM 370023103 875 32,160 SH   DFND 1 2 3 4 32,160 0 0
HERCULES OFFSHORE INC COM NEW 427093307 801 369,136 SH   DFND 1 2 3 369,136 0 0
HOMEINNS HOTEL GROUP SPONSORED ADR 43742E102 16,775 491,059 SH   DFND 1 2 3 4 6 491,059 0 0
HOWARD HUGHES CORP COM 44267D107 349 3,081 SH   DFND 1 2 3 4 3,081 0 0
HRG GROUP INC COM 40434J100 447,409 32,994,740 SH   DFND 1 2 3 4 5 7 32,994,740 0 0
INNOCOLL AG SPONSORED ADR 45780Q103 2,306 277,777 SH   DFND 1 2 3 4 7 277,777 0 0
INTRAWEST RESORTS HLDGS INC COM 46090K109 211,439 27,038,250 SH   DFND 1 2 3 4 27,038,250 0 0
INVENTERGY GLOBAL INC COM NEW 46123X409 81 50,000 SH   DFND 1 2 3 4 50,000 0 0
IRON MTN INC NEW COM 46284V101 6,563 242,990 SH   DFND 1 2 3 4 6 242,990 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 450,582 4,000,900 SH   DFND 1 2 3 4 5 4,000,900 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 20,170 179,100 SH Put DFND 1 2 3 4 179,100 0 0
MARATHON PATENT GROUP INC COM NEW 56585W203 215 134,409 SH   DFND 1 2 3 4 134,409 0 0
MINDRAY MEDICAL INTL LTD SPON ADR 602675100 8,154 300,670 SH   DFND 1 2 3 4 6 300,670 0 0
NATIONSTAR MTG HLDGS INC COM 63861C109 910,560 68,104,736 SH   DFND 1 2 3 4 68,104,736 0 0
NEWCASTLE INVT CORP NEW COM PAR $0.01 65105M603 4,231 1,037,091 SH   SOLE 1 1,037,091 0 0
NII HLDGS INC COM PAR $0.001 62913F508 7,739 1,532,485 SH   DFND 1 2 3 1,532,485 0 0
NORTHSTAR REALTY EUROPE CORP COM 66706L101 9,070 768,006 SH   DFND 1 2 3 4 6 768,006 0 0
NORTHSTAR RLTY FIN CORP COM 66704R803 1,131 66,418 SH   DFND 1 2 3 4 66,418 0 0
NORTHSTAR RLTY FIN CORP COM 66704R803 28,729 1,686,964 SH   DFND 1 2 3 4 5 1,686,964 0 0
NRG ENERGY INC COM NEW 629377508 0 3 SH   DFND 1 2 3 3 0 0
OMNIVISION TECHNOLOGIES INC COM 682128103 18,016 620,800 SH   DFND 1 2 3 4 6 620,800 0 0
ONEMAIN HLDGS INC COM 68268W103 3,050,594 73,437,500 SH   DFND 1 2 3 4 73,437,500 0 0
OPUS BK IRVINE CALIF COM 684000102 61,716 1,669,336 SH   DFND 1 2 3 4 1,669,336 0 0
OPUS BK IRVINE CALIF COM 684000102 126,488 3,421,339 SH   DFND 1 2 3 4 7 3,421,339 0 0
PENN NATL GAMING INC COM 707569109 2,528 157,823 SH   DFND 1 2 3 4 157,823 0 0
QIHOO 360 TECHNOLOGY CO LTD ADS 74734M109 14,562 200,000 SH Put DFND 1 2 3 4 6 200,000 0 0
QIHOO 360 TECHNOLOGY CO LTD NOTE 1.750% 8/1 74734MAF6 14,503 15,000,000 PRN   DFND 1 2 3 4 6 15,000,000 0 0
QUAD / GRAPHICS INC COM CL A 747301109 0 2 SH   DFND 1 2 3 2 0 0
QUNAR CAYMAN IS LTD SPNS ADR CL B 74906P104 2,637 50,000 SH Call DFND 1 2 3 4 6 50,000 0 0
ROUSE PPTYS INC COM 779287101 18 1,206 SH   DFND 1 2 3 4 1,206 0 0
SITO MOBILE LTD COM NEW 82988R203 545 261,954 SH   DFND 1 2 3 4 261,954 0 0
STATE NATL COS INC COM 85711T305 34,335 3,500,000 SH   DFND 1 2 3 4 5 8 3,500,000 0 0
TIFFANY & CO NEW COM 886547108 6,675 87,500 SH Call DFND 1 2 3 4 6 87,500 0 0
TIME WARNER CABLE INC COM 88732J207 1,557 8,387 SH   DFND 1 2 3 4 8,387 0 0
TIME WARNER CABLE INC COM 88732J207 30,955 166,790 SH   DFND 1 2 3 4 5 166,790 0 0
U S CONCRETE INC COM NEW 90333L201 306 5,815 SH   DFND 1 2 3 5,815 0 0
VANGUARD INDEX FDS REIT ETF 922908553 11,393 142,900 SH   DFND 1 2 3 4 5 142,900 0 0
VERINT SYS INC COM 92343X100 5 122 SH   DFND 1 2 3 122 0 0
WILLBROS GROUP INC DEL COM 969203108 122 45,350 SH   DFND 1 2 3 4 45,350 0 0
WILLIAMS COS INC DEL COM 969457100 5,423 211,000 SH   DFND 1 2 3 4 6 211,000 0 0
WMIH CORP COM 92936P100 41 15,840 SH   DFND 1 2 3 15,840 0 0
WMIH CORP COM 92936P100 24 9,030 SH   DFND 1 2 3 4 9,030 0 0
WMIH CORP COM 92936P100 405 156,337 SH   DFND 1 2 3 4 5 156,337 0 0
XURA INC COM 98420V107 2 94 SH   DFND 1 2 3 94 0 0