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
ABBVIE INC COM 00287Y109 20,624 333,132 SH   SOLE NONE 333,132 0 0
ACTIVISION BLIZZARD INC COM 00507V109 2,849 71,900 SH   SOLE NONE 71,900 0 0
AIR LEASE CORP CL A 00912X302 11,949 446,200 SH   SOLE NONE 446,200 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 26,810 337,100 SH   SOLE NONE 337,100 0 0
ALLISON TRANSMISSION HLDGS I COM 01973R101 324 11,478 SH   SOLE NONE 11,478 0 0
ALPHABET INC CL C 02079K107 218,731 316,039 SH   SOLE NONE 316,039 0 0
AT&T INC COM 00206R102 183,163 4,238,900 SH   SOLE NONE 4,238,900 0 0
AVANGRID INC COM 05351W103 8,120 176,300 SH   SOLE NONE 176,300 0 0
BARCLAYS PLC NOTE 8.250%12/2 06738EAA3 13,684 14,000,000 SH   SOLE NONE 14,000,000 0 0
BARRICK GOLD CORP OPTION 067901908 30,224 64,225 SH Call SOLE NONE 64,225 0 0
BIOMARIN PHARMACEUTICAL INC COM 09061G101 2,217 28,500 SH   SOLE NONE 28,500 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 131,642 1,789,830 SH   SOLE NONE 1,789,830 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 88,812 2,685,564 SH   SOLE NONE 2,685,564 0 0
BROOKFIELD BUSINESS PARTNERS UNIT LTD LP G16234109 1,025 53,709 SH   SOLE NONE 53,709 0 0
BURLINGTON STORES INC COM 122017106 10,860 162,800 SH   SOLE NONE 162,800 0 0
CABOT OIL & GAS CORP COM 127097103 2,898 112,600 SH   SOLE NONE 112,600 0 0
CALPINE CORP COM NEW 131347304 21,302 1,444,200 SH   SOLE NONE 1,444,200 0 0
CAPITAL ONE FINL CORP COM 14040H105 57,762 909,500 SH   SOLE NONE 909,500 0 0
CHEVRON CORP NEW COM 166764100 94,640 902,799 SH   SOLE NONE 902,799 0 0
CHINA BIOLOGIC PRODS INC COM 16938C106 6,985 65,700 SH   SOLE NONE 65,700 0 0
CIMAREX ENERGY CO COM 171798101 465 3,900 SH   SOLE NONE 3,900 0 0
CISCO SYS INC COM 17275R102 69,771 2,431,900 SH   SOLE NONE 2,431,900 0 0
CITIGROUP INC COM NEW 172967424 506,599 11,950,915 SH   SOLE NONE 11,950,915 0 0
CITRIX SYS INC COM 177376100 1,494 18,650 SH   SOLE NONE 18,650 0 0
COCA COLA CO COM 191216100 124,100 2,737,700 SH   SOLE NONE 2,737,700 0 0
COLGATE PALMOLIVE CO COM 194162103 10,091 137,850 SH   SOLE NONE 137,850 0 0
COLONY FINL INC COM 19624R106 128,908 8,397,925 SH   SOLE NONE 8,397,925 0 0
CONCHO RES INC COM 20605P101 21,210 177,830 SH   SOLE NONE 177,830 0 0
CONOCOPHILLIPS COM 20825C104 541 12,400 SH   SOLE NONE 12,400 0 0
CONTINENTAL RESOURCES INC COM 212015101 4,899 108,210 SH   SOLE NONE 108,210 0 0
COSTCO WHSL CORP NEW COM 22160K105 38,412 244,600 SH   SOLE NONE 244,600 0 0
CREDICORP LTD COM G2519Y108 33,400 216,420 SH   SOLE NONE 216,420 0 0
CREE INC COM 225447101 1,251 51,200 SH   SOLE NONE 51,200 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 30 300 SH   SOLE NONE 300 0 0
CVS HEALTH CORP COM 126650100 74,579 778,971 SH   SOLE NONE 778,971 0 0
DANAHER CORP DEL COM 235851102 13,175 130,450 SH   SOLE NONE 130,450 0 0
DELPHI AUTOMOTIVE PLC SHS G27823106 34,173 545,900 SH   SOLE NONE 545,900 0 0
DEVON ENERGY CORP NEW COM 25179M103 83,442 2,301,850 SH   SOLE NONE 2,301,850 0 0
DIAGEO P L C SPON ADR NEW 25243Q205 37 330 SH   SOLE NONE 330 0 0
DIAMONDBACK ENERGY INC COM 25278X109 885 9,700 SH   SOLE NONE 9,700 0 0
DISCOVER FINL SVCS COM 254709108 17,823 332,587 SH   SOLE NONE 332,587 0 0
DISNEY WALT CO COM DISNEY 254687106 42,718 436,700 SH   SOLE NONE 436,700 0 0
DOLLAR GEN CORP NEW COM 256677105 49,331 524,800 SH   SOLE NONE 524,800 0 0
DOLLAR TREE INC COM 256746108 45,198 479,600 SH   SOLE NONE 479,600 0 0
DOMINION RES INC VA NEW COM 25746U109 33,510 430,000 SH   SOLE NONE 430,000 0 0
DOVER CORP COM 260003108 24,165 348,600 SH   SOLE NONE 348,600 0 0
DOW CHEM CO COM 260543103 12,425 249,950 SH   SOLE NONE 249,950 0 0
E M C CORP MASS COM 268648102 9,167 337,400 SH   SOLE NONE 337,400 0 0
EASTMAN CHEM CO COM 277432100 40,971 603,400 SH   SOLE NONE 603,400 0 0
EDISON INTL COM 281020107 20,858 268,540 SH   SOLE NONE 268,540 0 0
EOG RES INC COM 26875P101 79,971 958,650 SH   SOLE NONE 958,650 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 86 1,250 SH   SOLE NONE 1,250 0 0
EXTRA SPACE STORAGE INC COM 30225T102 72 780 SH   SOLE NONE 780 0 0
EXXON MOBIL CORP COM 30231G102 20,740 221,246 SH   SOLE NONE 221,246 0 0
FACEBOOK INC CL A 30303M102 4,720 41,300 SH   SOLE NONE 41,300 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 70 420 SH   SOLE NONE 420 0 0
FOOT LOCKER INC COM 344849104 46,260 843,244 SH   SOLE NONE 843,244 0 0
FOREST CITY RLTY TR INC COM CL A 345605109 199,301 8,933,266 SH   SOLE NONE 8,933,266 0 0
FRANCO NEVADA CORP COM 351858105 55,204 725,800 SH   SOLE NONE 725,800 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 8,174 733,786 SH   SOLE NONE 733,786 0 0
FRONTIER COMMUNICATIONS CORP COM 35906A108 127,447 25,798,955 SH   SOLE NONE 25,798,955 0 0
FRONTIER COMMUNICATIONS CORP PFD CONV SER-A 35906A207 30,371 320,300 SH   SOLE NONE 320,300 0 0
GENERAL ELECTRIC CO COM 369604103 134,904 4,285,380 SH   SOLE NONE 4,285,380 0 0
GOLDCORP INC NEW COM 380956409 56,256 2,940,700 SH   SOLE NONE 2,940,700 0 0
HALLIBURTON CO COM 406216101 8,616 190,250 SH   SOLE NONE 190,250 0 0
HILTON WORLDWIDE HLDGS INC COM 43300A104 52,729 2,340,400 SH   SOLE NONE 2,340,400 0 0
HOME DEPOT INC COM 437076102 47,922 375,300 SH   SOLE NONE 375,300 0 0
HONEYWELL INTL INC COM 438516106 132,103 1,135,686 SH   SOLE NONE 1,135,686 0 0
HSBC HLDGS PLC NOTE 6.375%12/2 404280AT6 4,763 5,000,000 SH   SOLE NONE 5,000,000 0 0
HSBC HLDGS PLC NOTE 6.875%12/2 404280BC2 9,950 10,000,000 SH   SOLE NONE 10,000,000 0 0
ING GROEP N V DBCV 6.000%12/2 456837AE3 21,343 23,049,000 SH   SOLE NONE 23,049,000 0 0
ING GROEP N V DBCV 6.500%12/2 456837AF0 42,956 47,500,000 SH   SOLE NONE 47,500,000 0 0
INTEL CORP COM 458140100 3,490 106,400 SH   SOLE NONE 106,400 0 0
INVESCO LTD SHS G491BT108 19,776 774,300 SH   SOLE NONE 774,300 0 0
ISHARES MSCI JAPAN ETF 464286848 15,098 1,312,900 SH   SOLE NONE 1,312,900 0 0
ISHARES IBOXX INV CP ETF 464287242 43,950 358,100 SH   SOLE NONE 358,100 0 0
ISHARES U.S. REAL ES ETF 464287739 23,767 288,786 SH   SOLE NONE 288,786 0 0
ISHARES IBOXX HI YD ETF 464288513 37,441 442,100 SH   SOLE NONE 442,100 0 0
ISHARES TR MSCI INDONIA ETF 46429B309 9,904 404,900 SH   SOLE NONE 404,900 0 0
ISHARES TR MSCI PHILIPS ETF 46429B408 12,409 316,800 SH   SOLE NONE 316,800 0 0
ISHARES TR MSCI INDIA ETF 46429B598 11,601 415,500 SH   SOLE NONE 415,500 0 0
JD COM INC SPON ADR CL A 47215P106 4,210 198,300 SH   SOLE NONE 198,300 0 0
JOHNSON & JOHNSON COM 478160104 97,966 807,638 SH   SOLE NONE 807,638 0 0
KATE SPADE & CO COM 485865109 40,944 1,986,600 SH   SOLE NONE 1,986,600 0 0
KINDER MORGAN INC DEL COM 49456B101 93,420 4,990,404 SH   SOLE NONE 4,990,404 0 0
KINDER MORGAN INC DEL *W EXP 05/25/201 49456B119 0 19,424 SH   SOLE NONE 19,424 0 0
KRAFT HEINZ CO COM 500754106 23,385 264,300 SH   SOLE NONE 264,300 0 0
LAM RESEARCH CORP COM 512807108 2,328 27,700 SH   SOLE NONE 27,700 0 0
LAUDER ESTEE COS INC CL A 518439104 23,629 259,600 SH   SOLE NONE 259,600 0 0
LAZARD LTD SHS A G54050102 39,729 1,334,068 SH   SOLE NONE 1,334,068 0 0
LEGG MASON INC COM 524901105 8,723 295,789 SH   SOLE NONE 295,789 0 0
LLOYDS BANKING GROUP PLC SDCV 7.500%12/3 539439AG4 1,630 1,668,000 SH   SOLE NONE 1,668,000 0 0
MADISON SQUARE GARDEN CO NEW CL A 55825T103 81 470 SH   SOLE NONE 470 0 0
MARATHON PETE CORP COM 56585A102 1,131 29,800 SH   SOLE NONE 29,800 0 0
MASCO CORP COM 574599106 3,465 112,000 SH   SOLE NONE 112,000 0 0
MASONITE INTL CORP NEW COM 575385109 1,328 20,084 SH   SOLE NONE 20,084 0 0
MASTERCARD INC CL A 57636Q104 704 8,000 SH   SOLE NONE 8,000 0 0
MCKESSON CORP COM 58155Q103 103,511 554,575 SH   SOLE NONE 554,575 0 0
MEDTRONIC PLC SHS G5960L103 98,961 1,140,500 SH   SOLE NONE 1,140,500 0 0
MERCK & CO INC NEW COM 58933Y105 50,178 871,000 SH   SOLE NONE 871,000 0 0
MGM GROWTH PPTYS LLC CL A COM 55303A105 534 20,000 SH   SOLE NONE 20,000 0 0
MGP INGREDIENTS INC NEW COM 55303J106 1,759 46,000 SH   SOLE NONE 46,000 0 0
MICRON TECHNOLOGY INC COM 595112103 86,285 6,270,700 SH   SOLE NONE 6,270,700 0 0
MICROSOFT CORP COM 594918104 141,051 2,756,518 SH   SOLE NONE 2,756,518 0 0
MONDELEZ INTL INC CL A 609207105 106,416 2,338,300 SH   SOLE NONE 2,338,300 0 0
MONSANTO CO NEW COM 61166W101 931 9,000 SH   SOLE NONE 9,000 0 0
MORGAN STANLEY COM NEW 617446448 1,689 65,000 SH   SOLE NONE 65,000 0 0
NABORS INDUSTRIES LTD SHS G6359F103 43,138 4,292,300 SH   SOLE NONE 4,292,300 0 0
NEWELL RUBBERMAID INC COM 651229106 141,494 2,913,200 SH   SOLE NONE 2,913,200 0 0
NEWMONT MINING CORP COM 651639106 7,785 199,000 SH   SOLE NONE 199,000 0 0
NEWMONT MINING CORP OPTION 651639906 24,499 22,907 SH Call SOLE NONE 22,907 0 0
NEXTERA ENERGY INC COM 65339F101 38,924 298,500 SH   SOLE NONE 298,500 0 0
NMI HLDGS INC CL A 629209305 17,465 3,186,990 SH   SOLE NONE 3,186,990 0 0
NOBLE ENERGY INC COM 655044105 21,178 590,400 SH   SOLE NONE 590,400 0 0
NVIDIA CORP COM 67066G104 3,366 71,600 SH   SOLE NONE 71,600 0 0
NXP SEMICONDUCTORS N V COM N6596X109 93,650 1,195,435 SH   SOLE NONE 1,195,435 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 30,318 401,250 SH   SOLE NONE 401,250 0 0
OCLARO INC COM NEW 67555N206 2,179 446,500 SH   SOLE NONE 446,500 0 0
ORACLE CORP COM 68389X105 74,620 1,823,124 SH   SOLE NONE 1,823,124 0 0
PATTERN ENERGY GROUP INC CL A 70338P100 144,456 6,288,907 SH   SOLE NONE 6,288,907 0 0
PATTERSON UTI ENERGY INC COM 703481101 6,232 292,320 SH   SOLE NONE 292,320 0 0
PEPSICO INC COM 713448108 82,786 781,447 SH   SOLE NONE 781,447 0 0
PFIZER INC COM 717081103 81,282 2,308,500 SH   SOLE NONE 2,308,500 0 0
PG&E CORP COM 69331C108 20,851 326,200 SH   SOLE NONE 326,200 0 0
PIONEER NAT RES CO COM 723787107 10,462 69,190 SH   SOLE NONE 69,190 0 0
PNC FINL SVCS GROUP INC *W EXP 12/31/201 693475121 38,326 2,200,123 SH   SOLE NONE 2,200,123 0 0
POST PPTYS INC COM 737464107 67 1,100 SH   SOLE NONE 1,100 0 0
PROCTER & GAMBLE CO COM 742718109 144,257 1,703,757 SH   SOLE NONE 1,703,757 0 0
PTC INC COM 69370C100 673 17,900 SH   SOLE NONE 17,900 0 0
QUALCOMM INC COM 747525103 11,073 206,700 SH   SOLE NONE 206,700 0 0
RANDGOLD RES LTD ADR 752344309 2,487 22,200 SH   SOLE NONE 22,200 0 0
RANGE RES CORP COM 75281A109 5,278 122,350 SH   SOLE NONE 122,350 0 0
RAYTHEON CO COM NEW 755111507 42,077 309,500 SH   SOLE NONE 309,500 0 0
RED HAT INC COM 756577102 4,080 56,200 SH   SOLE NONE 56,200 0 0
RETAIL OPPORTUNITY INVTS COR COM 76131N101 40,332 1,861,175 SH   SOLE NONE 1,861,175 0 0
ROYAL BK OF SCOTLAND PLC DEBT 7.500%12/3 780099CJ4 16,470 18,000,000 SH   SOLE NONE 18,000,000 0 0
ROYAL BK SCOTLAND GROUP PLC ADR PREF SHS R 780097747 121 4,800 SH   SOLE NONE 4,800 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 13,308 241,000 SH   SOLE NONE 241,000 0 0
SALESFORCE COM INC COM 79466L302 159 2,000 SH   SOLE NONE 2,000 0 0
SCHLUMBERGER LTD COM 806857108 35,979 454,975 SH   SOLE NONE 454,975 0 0
SEALED AIR CORP NEW COM 81211K100 37,498 815,700 SH   SOLE NONE 815,700 0 0
SEMPRA ENERGY COM 816851109 40,705 357,000 SH   SOLE NONE 357,000 0 0
SHOPIFY INC CL A 82509L107 2,113 68,700 SH   SOLE NONE 68,700 0 0
SKECHERS U S A INC CL A 830566105 16,174 544,200 SH   SOLE NONE 544,200 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 1,190,745 9,411,519 SH   SOLE NONE 9,411,519 0 0
SPDR INDEX SHS FDS DJ GLB RL ES ETF 78463X749 3,626 72,010 SH   SOLE NONE 72,010 0 0
SPDR SERIES TRUST BRCLY EM LOCL 78464A391 4,325 155,424 SH   SOLE NONE 155,424 0 0
SPLUNK INC COM 848637104 108 2,000 SH   SOLE NONE 2,000 0 0
SQUARE INC CL A 852234103 45 5,000 SH   SOLE NONE 5,000 0 0
STARWOOD PPTY TR INC NOTE 4.550% 3/0 85571BAA3 14,586 14,000,000 SH   SOLE NONE 14,000,000 0 0
STARWOOD PPTY TR INC NOTE 4.000% 1/1 85571BAB1 38,607 36,659,000 SH   SOLE NONE 36,659,000 0 0
STRATASYS LTD SHS M85548101 1,135 49,600 SH   SOLE NONE 49,600 0 0
SYMANTEC CORP COM 871503108 21,440 1,043,819 SH   SOLE NONE 1,043,819 0 0
SYNCHRONY FINL COM 87165B103 169,330 6,698,178 SH   SOLE NONE 6,698,178 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 46,731 1,781,603 SH   SOLE NONE 1,781,603 0 0
TERADYNE INC COM 880770102 416 21,140 SH   SOLE NONE 21,140 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 36,196 720,600 SH   SOLE NONE 720,600 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 121,651 823,300 SH   SOLE NONE 823,300 0 0
TIME WARNER INC COM NEW 887317303 574 7,800 SH   SOLE NONE 7,800 0 0
TJX COS INC NEW COM 872540109 15,654 202,690 SH   SOLE NONE 202,690 0 0
TURKCELL ILETISIM HIZMETLERI SPON ADR NEW 900111204 8,457 924,300 SH   SOLE NONE 924,300 0 0
TWITTER INC COM 90184L102 1,030 60,900 SH   SOLE NONE 60,900 0 0
UNION PAC CORP COM 907818108 2,871 32,900 SH   SOLE NONE 32,900 0 0
UNITED PARCEL SERVICE INC CL B 911312106 13,282 123,300 SH   SOLE NONE 123,300 0 0
UNITEDHEALTH GROUP INC COM 91324P102 105,236 745,300 SH   SOLE NONE 745,300 0 0
VALERO ENERGY CORP NEW COM 91913Y100 893 17,500 SH   SOLE NONE 17,500 0 0
VEREIT INC COM 92339V100 295,313 29,123,602 SH   SOLE NONE 29,123,602 0 0
VISA INC COM CL A 92826C839 2,092 28,200 SH   SOLE NONE 28,200 0 0
VORNADO RLTY TR SH BEN INT 929042109 46 460 SH   SOLE NONE 460 0 0
WELLS FARGO & CO NEW COM 949746101 64,090 1,354,100 SH   SOLE NONE 1,354,100 0 0
WELLS FARGO & CO NEW *W EXP 10/28/201 949746119 94,337 6,926,335 SH   SOLE NONE 6,926,335 0 0
WHIRLPOOL CORP COM 963320106 81,358 488,224 SH   SOLE NONE 488,224 0 0
XYLEM INC COM 98419M100 1,864 41,757 SH   SOLE NONE 41,757 0 0