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
AGCO COR COM 001084102 6,658,000 120,700 SH   DFND   120,700 0 0
AK STL C NOTE5 001546AP5 40,683,000 26,703,000 PRN   DFND   26,703,000 0 0
ACADIA P COM 004225108 730,000 30,000 SH   DFND   30,000 0 0
ACADIA R COMSH 004239109 37,380,000 1,417,000 SH   DFND   1,417,000 0 0
ACTUANT CLANE 00508X203 14,572,000 426,709 SH   DFND   426,709 0 0
AIRGAS I COM 009363102 12,908,000 121,193 SH   DFND   121,193 0 0
ALEXANDR COM 015271109 11,198,000 154,323 SH   DFND   154,323 0 0
ALLIANT COM 018802108 11,535,000 203,050 SH   DFND   203,050 0 0
ALLSTATE COM 020002101 32,497,000 574,363 SH   DFND   574,363 0 0
AMEREN C COM 023608102 639,000 15,500 SH   DFND   15,500 0 0
AMERICAN COM 02376R102 87,218,000 2,383,000 SH   DFND   2,383,000 0 0
AMERICAN COM 024013104 24,951,000 739,500 SH   DFND   739,500 0 0
AMERICAN COM 02504D108 3,094,000 220,395 SH   DFND   220,395 0 0
AMERICAN COM 025537101 22,222,000 438,650 SH   DFND   438,650 0 0
AMERICAN CLA 02665T306 36,344,000 2,175,000 SH   DFND   2,175,000 0 0
AMERICAN COMNE 026874784 2,342,000 46,840 SH   DFND   46,840 0 0
AMERICAN COM 02917T104 8,990,000 641,250 SH   DFND   641,250 0 0
AMERICAN COM 03027X100 14,556,000 177,800 SH   DFND   177,800 0 0
AMERICAN COM 030420103 19,422,000 427,801 SH   DFND   427,801 0 0
AMPIO PH COM 03209T109 476,000 75,000 SH   DFND   75,000 0 0
ANTARES COM 036642106 770,000 220,000 SH   DFND   220,000 0 0
APOLLO E CLA 037604105 12,801,000 373,853 SH   DFND   373,853 0 0
APOLLO C NOTE5 03762UAA3 1,022,000 1,000,000 PRN   DFND   1,000,000 0 0
APPLE IN COM 037833100 7,012,000 13,064 SH   DFND   13,064 0 0
ARATANA COM 03874P101 288,000 15,537 SH   DFND   15,537 0 0
ASHFORD COM 044102101 7,290,000 482,150 SH   DFND   482,150 0 0
ASHLAND COM 044209104 36,211,000 364,000 SH   DFND   364,000 0 0
ATMOS EN COM 049560105 5,140,000 109,063 SH   DFND   109,063 0 0
ATRICURE COM 04963C209 940,000 50,000 SH   DFND   50,000 0 0
AUTONAVI SPONS 05330F106 5,511,000 275,000 SH   DFND   275,000 0 0
AVALONBA COM 053484101 53,185,000 405,000 SH   DFND   405,000 0 0
AXIALL C COM 05463D100 3,514,000 78,233 SH   DFND   78,233 0 0
BB&T COR COM 054937107 4,030,000 100,317 SH   DFND   100,317 0 0
BANCO BR SPADR 059460303 1,879,000 137,480 SH   DFND   137,480 0 0
BANK OF COM 060505104 16,753,000 973,988 SH   DFND   973,988 0 0
BANKUNIT COM 06652K103 18,609,000 535,212 SH   DFND   535,212 0 0
BEAM INC COM 073730103 48,314,000 579,995 SH   DFND   579,995 0 0
BEAZER H UNIT9 07556Q709 13,065,000 415,000 SH   DFND   415,000 0 0
BEST BUY COM 086516101 320,000 12,102 SH   DFND   12,102 0 0
BHP BILL SPONS 088606108 42,135,000 621,730 SH   DFND   621,730 0 0
BIOMARIN COM 09061G101 1,194,000 17,500 SH   DFND   17,500 0 0
BIOMED R COM 09063H107 35,653,000 1,740,000 SH   DFND   1,740,000 0 0
BLACKSTO COMCL 09257W100 12,044,000 418,914 SH   DFND   418,914 0 0
BLOCK H COM 093671105 17,190,000 569,408 SH   DFND   569,408 0 0
BOSTON P COM 101121101 36,405,000 317,867 SH   DFND   317,867 0 0
BOTTOMLI NOTE1 101388AA4 8,291,000 6,324,000 PRN   DFND   6,324,000 0 0
BRIXMOR COM 11120U105 34,021,000 1,595,000 SH   DFND   1,595,000 0 0
BROADSOF NOTE1 11133BAB8 1,054,000 1,000,000 PRN   DFND   1,000,000 0 0
BROWN & COM 115236101 10,784,000 350,578 SH   DFND   350,578 0 0
CBS CORP CLB 124857202 4,980,000 80,583 SH   DFND   80,583 0 0
CMS ENER COM 125896100 18,335,000 626,200 SH   DFND   626,200 0 0
CSX CORP COM 126408103 16,531,000 570,615 SH   DFND   570,615 0 0
CAL DIVE NOTE5 12802TAB7 7,420,000 7,775,000 PRN   DFND   7,775,000 0 0
CAMDEN P SHBEN 133131102 31,959,000 474,590 SH   DFND   474,590 0 0
CAMECO C COM 13321L108 1,145,000 50,000 SH   DFND   50,000 0 0
CANADIAN COM 136635109 4,486,000 140,000 SH   DFND   140,000 0 0
CAPITALS COM 14055X102 2,639,000 180,866 SH   DFND   180,866 0 0
CAPSTONE COM 14067D102 314,000 147,503 SH   DFND   147,503 0 0
CARLYLE COMUT 14309L102 2,108,000 60,000 SH   DFND   60,000 0 0
CARMIKE COM 143436400 2,493,000 83,494 SH   DFND   83,494 0 0
CATERPIL COM 149123101 874,000 8,797 SH   DFND   8,797 0 0
CEDAR RE COMNE 150602209 7,088,000 1,160,001 SH   DFND   1,160,001 0 0
CHATHAM COM 16208T102 5,864,000 290,000 SH   DFND   290,000 0 0
CHESAPEA NOTE2 165167BW6 27,351,000 26,311,000 PRN   DFND   26,311,000 0 0
CHESAPEA NOTE2 165167CA3 35,864,000 35,500,000 PRN   DFND   35,500,000 0 0
CHINA MO SPONS 16952T100 1,104,000 50,000 SH   DFND   50,000 0 0
CHOICE H COM 169905106 1,467,000 31,900 SH   DFND   31,900 0 0
CINEDIGM COM 172406100 448,000 175,000 SH   DFND   175,000 0 0
CITRIX S COM 177376100 11,486,000 200,000 SH   DFND   200,000 0 0
CLAYMORE GUGGE 18383Q739 10,140,000 229,360 SH   DFND   229,360 0 0
CLAYMORE GUGGS 18383Q796 318,000 14,536 SH   DFND   14,536 0 0
CLIFFS N COM 18683K101 20,127,000 983,707 SH   DFND   983,707 0 0
COBALT I COM 19075F106 733,000 40,000 SH   DFND   40,000 0 0
COBALT I NOTE2 19075FAA4 6,122,000 6,500,000 PRN   DFND   6,500,000 0 0
COCA COL COM 191216100 17,000 230,000 SH Call DFND   230,000 0 0
COCA COL COM 191216100 8,505,000 220,000 SH   DFND   220,000 0 0
COLGATE COM 194162103 31,919,000 492,053 SH   DFND   492,053 0 0
COMCAST COM 20030N101 44,000 50,000 SH Call DFND   50,000 0 0
COMCAST CLA 20030N101 6,254,000 125,028 SH   DFND   125,028 0 0
COMMUNIT RIGHT 203668116 303,000 5,006,300 SH   DFND   5,006,300 0 0
COMPUWAR COM 205638109 2,625,000 250,000 SH   DFND   250,000 0 0
CONSOLID COM 209115104 14,000 50,000 SH Put DFND   50,000 0 0
CONTINEN COM 211171103 1,507,000 80,000 SH   DFND   80,000 0 0
COOPER T COM 216831107 15,556,000 640,150 SH   DFND   640,150 0 0
COUSINS COM 222795106 30,768,000 2,682,500 SH   DFND   2,682,500 0 0
COWEN GR CLA 223622101 5,502,000 1,247,600 SH   DFND   1,247,600 0 0
CROWN CA COM 228227104 23,148,000 313,737 SH   DFND   313,737 0 0
DCT INDU COM 233153105 30,850,000 3,915,000 SH   DFND   3,915,000 0 0
DDR CORP COM 23317H102 18,036,000 1,094,426 SH   DFND   1,094,426 0 0
DFC GLOB COM 23324T107 20,000 200,000 SH Put DFND   200,000 0 0
DFC GLOB NOTE3 23324TAB3 16,854,000 19,850,000 PRN   DFND   19,850,000 0 0
DANAHER COM 235851102 23,305,000 310,732 SH   DFND   310,732 0 0
DARLING COM 237266101 27,107,000 1,354,020 SH   DFND   1,354,020 0 0
DATAWATC COMNE 237917208 704,000 25,959 SH   DFND   25,959 0 0
DECKERS COM 243537107 370,000 100,000 SH Call DFND   100,000 0 0
DECKERS COM 243537107 5,796,000 72,697 SH   DFND   72,697 0 0
DERMA SC COMPA 249827502 380,000 30,000 SH   DFND   30,000 0 0
DEVELOPE NOTE1 251591AX1 26,855,000 23,180,000 PRN   DFND   23,180,000 0 0
DIAMOND COM 252603105 2,096,000 60,000 SH   DFND   60,000 0 0
DIAMONDR COM 252784301 1,490,000 126,768 SH   DFND   126,768 0 0
DICKS SP COM 253393102 12,000 12,700 SH Call DFND   12,700 0 0
DICKS SP COM 253393102 5,551,000 101,657 SH   DFND   101,657 0 0
DISNEY W COMDI 254687106 5,766,000 72,010 SH   DFND   72,010 0 0
DISH NET COM 25470M109 345,000 50,000 SH Call DFND   50,000 0 0
DISH NET CLA 25470M109 5,189,000 83,411 SH   DFND   83,411 0 0
DOLLAR G COM 256677105 31,950,000 575,885 SH   DFND   575,885 0 0
DOMINION COM 25746U109 17,716,000 249,550 SH   DFND   249,550 0 0
DOUGLAS COM 25960P109 12,428,000 457,927 SH   DFND   457,927 0 0
DREAMWOR CLA 26153C103 5,590,000 210,542 SH   DFND   210,542 0 0
DUKE REA COMNE 264411505 18,230,000 1,079,958 SH   DFND   1,079,958 0 0
DUKE ENE COMNE 26441C204 24,396,000 342,550 SH   DFND   342,550 0 0
DUPONT F COM 26613Q106 4,955,000 205,869 SH   DFND   205,869 0 0
DYAX COR COM 26746E103 1,078,000 120,000 SH   DFND   120,000 0 0
E M C CO COM 268648102 4,655,000 169,811 SH   DFND   169,811 0 0
EP ENERG CLA 268785102 1,957,000 100,000 SH   DFND   100,000 0 0
EXCO RES COM 269279402 242,000 43,300 SH   DFND   43,300 0 0
EAST WES COM 27579R104 8,446,000 231,390 SH   DFND   231,390 0 0
EASTMAN COM 277432100 14,340,000 166,333 SH   DFND   166,333 0 0
EBAY INC COM 278642103 34,708,000 628,320 SH   DFND   628,320 0 0
ECHOSTAR CLA 278768106 5,031,000 105,782 SH   DFND   105,782 0 0
EDISON I COM 281020107 10,529,000 186,000 SH   DFND   186,000 0 0
EDUCATIO COM 28140H104 21,467,000 2,175,000 SH   DFND   2,175,000 0 0
ELECTRON COM 285512109 13,971,000 481,579 SH   DFND   481,579 0 0
EMERSON COM 291011104 21,554,000 322,666 SH   DFND   322,666 0 0
EMERALD COM 29101U209 2,000 20,000 SH Call DFND   20,000 0 0
EMERALD COMNE 29101U209 2,522,000 375,230 SH   DFND   375,230 0 0
ENCORE C COM 292554102 3,176,000 69,500 SH   DFND   69,500 0 0
ENERGIZE COM 29266R108 448,000 4,444 SH   DFND   4,444 0 0
ENDOLOGI NOTE2 29266SAA4 953,000 1,000,000 PRN   DFND   1,000,000 0 0
EQUINIX COMNE 29444U502 5,283,000 28,582 SH   DFND   28,582 0 0
EQUINIX NOTE3 29444UAG1 330,000 200,000 PRN   DFND   200,000 0 0
EQUINIX NOTE4 29444UAH9 16,331,000 7,210,000 PRN   DFND   7,210,000 0 0
EQUITY L COM 29472R108 46,140,000 1,135,061 SH   DFND   1,135,061 0 0
ESSEX PP COM 297178105 19,522,000 114,800 SH   DFND   114,800 0 0
EVERCORE CLASS 29977A105 5,836,000 105,637 SH   DFND   105,637 0 0
EXELIXIS NOTE4 30161QAC8 10,764,000 12,000,000 PRN   DFND   12,000,000 0 0
EXTENDED UNIT9 30224P200 8,254,000 362,500 SH   DFND   362,500 0 0
EXTRA SP COM 30225T102 27,432,000 565,500 SH   DFND   565,500 0 0
FNB CORP COM 302520101 4,464,000 333,166 SH   DFND   333,166 0 0
FACEBOOK CLA 30303M102 8,364,000 138,852 SH   DFND   138,852 0 0
FEDERAL SHBEN 313747206 18,289,000 159,426 SH   DFND   159,426 0 0
FIDELITY COM 31620M106 20,011,000 374,383 SH   DFND   374,383 0 0
FIRST CA COM 31942D107 945,000 18,719 SH   DFND   18,719 0 0
FIRST FI COM 32023E105 9,751,000 155,723 SH   DFND   155,723 0 0
FIRST RE COM 33616C100 8,479,000 157,039 SH   DFND   157,039 0 0
FLAMEL T SPONS 338488109 536,000 40,000 SH   DFND   40,000 0 0
FLOWERS COM 343498101 1,407,000 65,609 SH   DFND   65,609 0 0
FOOT LOC COM 344849104 6,342,000 135,000 SH   DFND   135,000 0 0
FREEPORT COM 35671D857 661,000 20,000 SH   DFND   20,000 0 0
FUELCELL COM 35952H106 124,000 50,000 SH   DFND   50,000 0 0
GAMESTOP CLA 36467W109 23,098,000 562,000 SH   DFND   562,000 0 0
GENCORP SDCV4 368682AN0 20,327,000 10,000,000 SH   DFND   10,000,000 0 0
GENERAL COM 369300108 2,733,000 106,733 SH   DFND   106,733 0 0
GENERAL COM 369604103 360,000 13,903 SH   DFND   13,903 0 0
GENERAL COM 370023103 7,975,000 362,500 SH   DFND   362,500 0 0
GENERAL COM 37045V100 3,288,000 1,377,710 SH Call DFND   1,377,710 0 0
GENERAL COM 37045V100 22,099,000 642,042 SH   DFND   642,042 0 0
GLOBAL E COM 37951D102 1,184,000 75,000 SH   DFND   75,000 0 0
GRAMERCY COM 38489R100 2,432,000 471,249 SH   DFND   471,249 0 0
GREENBRI NOTE3 393657AH4 682,000 480,000 PRN   DFND   480,000 0 0
GREIF IN CLA 397624107 8,106,000 154,438 SH   DFND   154,438 0 0
GRUPO TE SPONA 40049J206 3,283,000 98,608 SH   DFND   98,608 0 0
HCP INC COM 40414L109 5,479,000 141,248 SH   DFND   141,248 0 0
HAIN CEL COM 405217100 216,000 2,364 SH   DFND   2,364 0 0
HALCON R COMNE 40537Q209 1,407,000 325,000 SH   DFND   325,000 0 0
HAWAIIAN COM 419870100 2,995,000 117,809 SH   DFND   117,809 0 0
HEALTH C PFDPE 42217K601 419,000 7,500 SH   DFND   7,500 0 0
HERSHEY COM 427866108 101,000 100,000 SH Put DFND   100,000 0 0
HERTZ GL COM 42805T105 46,345,000 1,739,694 SH   DFND   1,739,694 0 0
HIGHWOOD COM 431284108 17,111,000 445,475 SH   DFND   445,475 0 0
HILLSHIR COM 432589109 21,238,000 570,000 SH   DFND   570,000 0 0
HOME DEP COM 437076102 13,414,000 169,516 SH   DFND   169,516 0 0
HOMEAWAY COM 43739Q100 2,141,000 56,840 SH   DFND   56,840 0 0
HOSPIRA COM 441060100 60,165,000 1,391,091 SH   DFND   1,391,091 0 0
HUB GROU CLA 443320106 5,240,000 131,043 SH   DFND   131,043 0 0
HUDSON P COM 444097109 24,372,000 1,056,423 SH   DFND   1,056,423 0 0
HUMANA I COM 444859102 126,422,000 1,121,557 SH   DFND   1,121,557 0 0
HUNTINGT COM 446150104 8,376,000 840,139 SH   DFND   840,139 0 0
HUNTSMAN COM 447011107 8,985,000 367,934 SH   DFND   367,934 0 0
IBERIABA COM 450828108 4,113,000 58,635 SH   DFND   58,635 0 0
IHS INC CLA 451734107 30,542,000 251,373 SH   DFND   251,373 0 0
INSTALLE COM 45780R101 1,814,000 130,000 SH   DFND   130,000 0 0
INTEGRA NOTE1 457985AK5 1,068,000 1,000,000 PRN   DFND   1,000,000 0 0
INTEL CO COM 458140100 54,697,000 2,119,199 SH   DFND   2,119,199 0 0
INTEL CO SDCV2 458140AD2 1,185,000 1,000,000 SH   DFND   1,000,000 0 0
INTERCON COM 45866F104 6,367,000 32,183 SH   DFND   32,183 0 0
INTL PAP COM 460146103 5,353,000 116,674 SH   DFND   116,674 0 0
ISHARES MSCIT 464286731 205,000 14,234 SH   DFND   14,234 0 0
ISHARES CORES 464287200 847,000 4,500 SH   DFND   4,500 0 0
ISHARES RUSSE 464287655 931,000 8,000 SH   DFND   8,000 0 0
ISHARES IBOXX 464288513 1,557,000 16,500 SH   DFND   16,500 0 0
ISIS PHA COM 464330109 6,000 50,000 SH Put DFND   50,000 0 0
JPMORGAN COM 46625H100 28,585,000 470,851 SH   DFND   470,851 0 0
JARDEN C COM 471109108 4,045,000 67,600 SH   DFND   67,600 0 0
JOHNSON COM 478366107 12,807,000 270,653 SH   DFND   270,653 0 0
JOY GLOB COM 481165108 21,116,000 364,075 SH   DFND   364,075 0 0
KILROY R COM 49427F108 42,705,000 729,000 SH   DFND   729,000 0 0
KIMBERLY COM 494368103 18,038,000 163,612 SH   DFND   163,612 0 0
KINDER M COM 49456B101 7,884,000 242,648 SH   DFND   242,648 0 0
KRAFT FO COM 50076Q106 36,746,000 655,000 SH   DFND   655,000 0 0
LCNB COR COM 50181P100 692,000 40,000 SH   DFND   40,000 0 0
LPL FINL COM 50212V100 11,198,000 213,142 SH   DFND   213,142 0 0
LTC PPTY COM 502175102 15,896,000 422,428 SH   DFND   422,428 0 0
LADDER C CLA 505743104 3,397,000 179,900 SH   DFND   179,900 0 0
LANDSTAR COM 515098101 12,960,000 218,845 SH   DFND   218,845 0 0
LAUDER E COM 518439104 152,000 150,000 SH Call DFND   150,000 0 0
LAUDER E CLA 518439104 49,987,000 747,420 SH   DFND   747,420 0 0
LENNAR C CLA 526057104 27,288,000 688,750 SH   DFND   688,750 0 0
LIBERTY LBTVE 53071M880 9,936,000 76,240 SH   DFND   76,240 0 0
LIBERTY COM 531229102 1,000 15,000 SH Call DFND   15,000 0 0
LIBERTY CLA 531229102 3,454,000 26,418 SH   DFND   26,418 0 0
LINKEDIN COMCL 53578A108 9,772,000 52,841 SH   DFND   52,841 0 0
LULULEMO COM 550021109 582,000 100,000 SH Call DFND   100,000 0 0
LULULEMO COM 550021109 1,816,000 34,537 SH   DFND   34,537 0 0
MFA FINL COM 55272X102 5,386,000 695,001 SH   DFND   695,001 0 0
MGM RESO NOTE4 55303QAE0 14,582,000 10,000,000 PRN   DFND   10,000,000 0 0
MAGIC SO ORD 559166103 242,000 30,000 SH   DFND   30,000 0 0
MARCHEX CLB 56624R108 1,685,000 160,312 SH   DFND   160,312 0 0
MARKET V GOLDM 57060U100 1,180,000 50,000 SH   DFND   50,000 0 0
MARKET V RUSSI 57060U506 626,000 26,090 SH   DFND   26,090 0 0
MARKET V JRGOL 57061R544 229,000 6,333 SH   DFND   6,333 0 0
MARRIOTT COM 571903202 15,000 100,000 SH Put DFND   100,000 0 0
MASTERCA CLA 57636Q104 13,718,000 183,637 SH   DFND   183,637 0 0
MATTRESS COM 57722W106 17,639,000 368,795 SH   DFND   368,795 0 0
MCGRAW H COM 580645109 46,181,000 605,261 SH   DFND   605,261 0 0
MENTOR G SDCV4 587200AK2 9,993,000 8,000,000 SH   DFND   8,000,000 0 0
MERCER I COM 588056101 1,172,000 156,333 SH   DFND   156,333 0 0
MERITAGE COM 59001A102 10,897,000 260,205 SH   DFND   260,205 0 0
MERRIMAC NOTE4 590328AA8 7,605,000 7,500,000 PRN   DFND   7,500,000 0 0
MICROSOF COM 594918104 104,074,000 2,539,000 SH   DFND   2,539,000 0 0
MICROCHI SDCV2 595017AB0 51,005,000 27,500,000 SH   DFND   27,500,000 0 0
MICRON T COM 595112103 44,350,000 1,874,470 SH   DFND   1,874,470 0 0
MICRON T NOTE2 595112AW3 40,289,000 16,000,000 PRN   DFND   16,000,000 0 0
MID-AMER COM 59522J103 47,789,000 700,000 SH   DFND   700,000 0 0
MIMEDX G COM 602496101 613,000 100,000 SH   DFND   100,000 0 0
MOHAWK I COM 608190104 20,736,000 152,492 SH   DFND   152,492 0 0
MONEYGRA COMNE 60935Y208 2,648,000 150,000 SH   DFND   150,000 0 0
MONSANTO COM 61166W101 12,000 30,000 SH Put DFND   30,000 0 0
MONSANTO COM 61166W101 19,584,000 172,135 SH   DFND   172,135 0 0
NPS PHAR COM 62936P103 449,000 15,000 SH   DFND   15,000 0 0
NRG ENER COMNE 629377508 13,308,000 418,500 SH   DFND   418,500 0 0
NANOSPHE COM 63009F105 322,000 150,000 SH   DFND   150,000 0 0
NATIONAL CLA 633707104 3,139,000 156,400 SH   DFND   156,400 0 0
NATIONAL COM 637071101 54,789,000 703,593 SH   DFND   703,593 0 0
NAVISTAR COM 63934E108 365,000 100,000 SH Put DFND   100,000 0 0
NAVISTAR COM 63934E108 3,177,000 93,800 SH   DFND   93,800 0 0
NAVISTAR NOTE3 63934EAL2 1,019,000 1,000,000 PRN   DFND   1,000,000 0 0
NEUROCRI COM 64125C109 1,556,000 96,671 SH   DFND   96,671 0 0
NEW HOME COM 645370107 285,000 20,000 SH   DFND   20,000 0 0
NEWELL R COM 651229106 10,890,000 364,221 SH   DFND   364,221 0 0
NEWS COR CLA 65249B109 29,198,000 1,695,593 SH   DFND   1,695,593 0 0
NEXTERA COM 65339F101 14,532,000 151,979 SH   DFND   151,979 0 0
NIKE INC COM 654106103 380,000 100,000 SH Put DFND   100,000 0 0
NIKE INC CLB 654106103 13,980,000 189,283 SH   DFND   189,283 0 0
NISOURCE COM 65473P105 6,500,000 182,930 SH   DFND   182,930 0 0
NORTHEAS COM 664397106 26,462,000 581,576 SH   DFND   581,576 0 0
NORTHERN COMUN 665826103 231,000 9,000 SH   DFND   9,000 0 0
NUANCE C NOTE2 67020YAF7 1,007,000 1,000,000 PRN   DFND   1,000,000 0 0
NUCOR CO COM 670346105 27,258,000 539,327 SH   DFND   539,327 0 0
OGE ENER COM 670837103 13,960,000 379,750 SH   DFND   379,750 0 0
OCCIDENT COM 674599105 8,092,000 84,921 SH   DFND   84,921 0 0
OCWEN FI COM 675746309 50,000 140,000 SH Put DFND   140,000 0 0
OIL STS COM 678026105 5,916,000 60,000 SH   DFND   60,000 0 0
OLYMPIC COM 68162K106 2,243,000 78,166 SH   DFND   78,166 0 0
OMEGA HE COM 681936100 7,396,000 220,636 SH   DFND   220,636 0 0
OMEROS C COM 682143102 905,000 75,000 SH   DFND   75,000 0 0
ONEOK IN COM 682680103 7,347,000 124,000 SH   DFND   124,000 0 0
OWENS IL COMNE 690768403 5,310,000 156,948 SH   DFND   156,948 0 0
PDL BIOP COM 69329Y104 1,209,000 145,480 SH   DFND   145,480 0 0
PHH CORP NOTE6 693320AQ6 23,705,000 11,000,000 PRN   DFND   11,000,000 0 0
PPL CORP COM 69351T106 27,755,000 837,516 SH   DFND   837,516 0 0
PS BUSIN COM 69360J107 24,660,000 294,907 SH   DFND   294,907 0 0
PVH CORP COM 693656100 288,000 50,000 SH Call DFND   50,000 0 0
PVH CORP COM 693656100 879,000 7,042 SH   DFND   7,042 0 0
PACWEST COM 695263103 10,675,000 248,189 SH   DFND   248,189 0 0
PARAGON CLANE 69913R408 364,000 53,200 SH   DFND   53,200 0 0
PARKER H COM 701094104 1,660,000 13,870 SH   DFND   13,870 0 0
PARKWAY COM 70159Q104 27,915,000 1,529,602 SH   DFND   1,529,602 0 0
PENNEY J COM 708160106 862,000 100,000 SH   DFND   100,000 0 0
PEPSICO COM 713448108 9,037,000 108,224 SH   DFND   108,224 0 0
PHILIP M COM 718172109 15,218,000 185,883 SH   DFND   185,883 0 0
PINNACLE COM 723456109 24,885,000 1,050,000 SH   DFND   1,050,000 0 0
PINNACLE COM 72348P104 9,042,000 302,810 SH   DFND   302,810 0 0
PORTLAND COMNE 736508847 10,298,000 318,417 SH   DFND   318,417 0 0
POST HLD COM 737446104 5,336,000 96,812 SH   DFND   96,812 0 0
POST PPT COM 737464107 32,038,000 652,500 SH   DFND   652,500 0 0
PROCTER COM 742718109 10,881,000 135,000 SH   DFND   135,000 0 0
PROGENIC COM 743187106 204,000 50,000 SH   DFND   50,000 0 0
PROLOGIS COM 74340W103 9,711,000 237,832 SH   DFND   237,832 0 0
QIHOO 36 ADS 74734M109 4,083,000 41,004 SH   DFND   41,004 0 0
QTS RLTY COMCL 74736A103 10,914,000 435,000 SH   DFND   435,000 0 0
QUANTA S COM 74762E102 4,987,000 135,145 SH   DFND   135,145 0 0
QUANTUM NOTE4 747906AJ4 5,154,000 5,000,000 PRN   DFND   5,000,000 0 0
QUIKSILV COM 74838C106 2,535,000 337,500 SH   DFND   337,500 0 0
QUINTILE COM 74876Y101 457,000 9,000 SH   DFND   9,000 0 0
RLJ LODG COM 74965L101 9,693,000 362,500 SH   DFND   362,500 0 0
RALLY SO COM 751198102 1,471,000 109,974 SH   DFND   109,974 0 0
RALPH LA COM 751212101 175,000 50,000 SH Call DFND   50,000 0 0
RALPH LA CLA 751212101 23,850,000 148,200 SH   DFND   148,200 0 0
REDWOOD COM 758075402 38,819,000 1,914,171 SH   DFND   1,914,171 0 0
REGULUS COM 75915K101 180,000 20,000 SH   DFND   20,000 0 0
REGIONS COM 7591EP100 7,670,000 690,402 SH   DFND   690,402 0 0
REPUBLIC COM 760759100 21,020,000 615,331 SH   DFND   615,331 0 0
RETAIL O COM 76131N101 25,996,000 1,740,000 SH   DFND   1,740,000 0 0
REXFORD COM 76169C100 7,395,000 521,500 SH   DFND   521,500 0 0
REYNOLDS COM 761713106 10,830,000 202,741 SH   DFND   202,741 0 0
RINGCENT CLA 76680R206 2,896,000 160,000 SH   DFND   160,000 0 0
RING ENE COM 76680V108 382,000 25,000 SH   DFND   25,000 0 0
RIO TINT COM 767204100 32,000 100,000 SH Put DFND   100,000 0 0
RITE AID COM 767754104 1,568,000 250,000 SH   DFND   250,000 0 0
RUBICON COM 78112T107 339,000 30,000 SH   DFND   30,000 0 0
RYLAND G NOTE1 783764AQ6 7,161,000 5,000,000 PRN   DFND   5,000,000 0 0
RYMAN HO COM 78377T107 34,063,000 801,113 SH   DFND   801,113 0 0
SBA COMM COM 78388J106 24,000 50,000 SH Call DFND   50,000 0 0
SBA COMM COM 78388J106 26,821,000 294,862 SH   DFND   294,862 0 0
SBA COMM NOTE4 78388JAM8 3,922,000 1,310,000 PRN   DFND   1,310,000 0 0
SL GREEN COM 78440X101 13,476,000 133,927 SH   DFND   133,927 0 0
SPDR S&P COM 78462F103 118,000 100,000 SH Call DFND   100,000 0 0
SPDR S&P TRUNI 78462F103 1,470,000 7,860 SH   DFND   7,860 0 0
SPDR SER COM 78464A730 134,000 250,000 SH Put DFND   250,000 0 0
SVB FINL COM 78486Q101 13,288,000 103,180 SH   DFND   103,180 0 0
SAFEGUAR COMNE 786449207 2,878,000 129,752 SH   DFND   129,752 0 0
SANDISK COM 80004C101 6,914,000 85,163 SH   DFND   85,163 0 0
SANDISK NOTE1 80004CAD3 28,754,000 17,500,000 PRN   DFND   17,500,000 0 0
SANGAMO COM 800677106 4,158,000 230,000 SH   DFND   230,000 0 0
SANOFI RIGHT 80105N113 373,000 1,203,178 SH   DFND   1,203,178 0 0
SCHWAB C COM 808513105 62,576,000 2,289,656 SH   DFND   2,289,656 0 0
SCRIPPS CLACO 811065101 4,293,000 56,552 SH   DFND   56,552 0 0
SEACOR H NOTE2 811904AM3 10,384,000 8,700,000 PRN   DFND   8,700,000 0 0
SELECT S COM 81369Y100 69,000 200,000 SH Put DFND   200,000 0 0
SELECT S COM 81369Y605 42,000 300,000 SH Put DFND   300,000 0 0
SELECT S COM 81369Y704 86,000 200,000 SH Put DFND   200,000 0 0
SELECT S COM 81369Y886 2,000 75,000 SH Put DFND   75,000 0 0
SEMPRA E COM 816851109 24,529,000 253,507 SH   DFND   253,507 0 0
SEQUENOM COM 817337405 5,000 50,000 SH Call DFND   50,000 0 0
SEQUENOM NOTE5 817337AB4 5,346,000 6,000,000 PRN   DFND   6,000,000 0 0
SERVICE COM 817565104 2,982,000 150,000 SH   DFND   150,000 0 0
SILGAN H COM 827048109 7,118,000 143,735 SH   DFND   143,735 0 0
SIRIUS X COM 82968B103 15,921,000 4,975,315 SH   DFND   4,975,315 0 0
SMITH A COM 831865209 685,000 14,880 SH   DFND   14,880 0 0
SMUCKER COMNE 832696405 24,300,000 249,900 SH   DFND   249,900 0 0
SNYDERS- COM 833551104 4,635,000 164,410 SH   DFND   164,410 0 0
SOLAZYME NOTE6 83415TAB7 2,265,000 1,500,000 PRN   DFND   1,500,000 0 0
SOLARCIT COM 83416T100 501,000 8,000 SH   DFND   8,000 0 0
SOLARCIT NOTE2 83416TAA8 16,167,000 12,500,000 PRN   DFND   12,500,000 0 0
SONOCO P COM 835495102 13,873,000 338,210 SH   DFND   338,210 0 0
SONUS NE COM 835916107 1,685,000 500,000 SH   DFND   500,000 0 0
SOUTHERN COM 842587107 6,000 138,500 SH Put DFND   138,500 0 0
SOUTHERN COM 84265V105 2,029,000 69,716 SH   DFND   69,716 0 0
SOVRAN S COM 84610H108 29,821,000 406,000 SH   DFND   406,000 0 0
SPIRIT A COMCL 848574109 569,000 20,170 SH   DFND   20,170 0 0
SPIRIT R COM 84860W102 7,053,000 642,360 SH   DFND   642,360 0 0
SPLUNK I COM 848637104 7,149,000 100,000 SH   DFND   100,000 0 0
SPRINT C COMSE 85207U105 4,350,000 473,301 SH   DFND   473,301 0 0
STANDARD COM 85375C101 9,445,000 1,136,567 SH   DFND   1,136,567 0 0
STANLEY COM 854502101 23,473,000 288,938 SH   DFND   288,938 0 0
STARWOOD COM 85571B105 13,214,000 560,147 SH   DFND   560,147 0 0
STARWOOD COM 85590A401 46,922,000 589,475 SH   DFND   589,475 0 0
STEEL DY COM 858119100 23,592,000 1,326,112 SH   DFND   1,326,112 0 0
STONE EN NOTE1 861642AN6 614,000 500,000 PRN   DFND   500,000 0 0
STREAMLI COM 86323X106 454,000 90,200 SH   DFND   90,200 0 0
SUNSHINE COM 86782U106 730,000 125,000 SH   DFND   125,000 0 0
SUNSTONE COM 867892101 14,332,000 1,043,821 SH   DFND   1,043,821 0 0
SWIFT TR CLA 87074U101 8,249,000 333,292 SH   DFND   333,292 0 0
SYNTA PH COM 87162T206 34,000 25,000 SH Call DFND   25,000 0 0
SYSCO CO COM 871829107 442,000 400,000 SH Call DFND   400,000 0 0
TCP CAP COM 87238Q103 5,605,000 338,658 SH   DFND   338,658 0 0
T-MOBILE COM 872590104 388,000 70,000 SH Call DFND   70,000 0 0
T-MOBILE COM 872590104 19,941,000 603,725 SH   DFND   603,725 0 0
TAIWAN S SPONS 874039100 63,964,000 3,195,000 SH   DFND   3,195,000 0 0
TAYLOR M CLA 87724P106 1,704,000 72,500 SH   DFND   72,500 0 0
TERRENO COM 88146M101 6,146,000 325,000 SH   DFND   325,000 0 0
TESLA MT NOTE1 88160RAA9 17,942,000 10,000,000 PRN   DFND   10,000,000 0 0
TESLA MT NOTE0 88160RAB7 16,133,000 17,500,000 PRN   DFND   17,500,000 0 0
TESLA MT NOTE1 88160RAC5 18,173,000 20,000,000 PRN   DFND   20,000,000 0 0
THERAPEU COM 88338N107 1,578,000 250,000 SH   DFND   250,000 0 0
THOMPSON UNIT9 884768300 11,398,000 894,319 SH   DFND   894,319 0 0
TIBCO SO NOTE2 88632QAB9 933,000 925,000 PRN   DFND   925,000 0 0
TIME WAR COM 88732J207 475,000 100,000 SH Call DFND   100,000 0 0
TITAN IN COM 88830M102 5,591,000 294,421 SH   DFND   294,421 0 0
TOLL BRO COM 889478103 10,411,000 290,000 SH   DFND   290,000 0 0
TRAVELCE COM 894174101 243,000 29,828 SH   DFND   29,828 0 0
TWENTY F CLA 90130A101 6,392,000 199,926 SH   DFND   199,926 0 0
TWO HBRS COM 90187B101 13,120,000 1,280,000 SH   DFND   1,280,000 0 0
TYSON FO COM 902494103 22,000 300,000 SH Put DFND   300,000 0 0
UCP INC CLA 90265Y106 645,000 42,856 SH   DFND   42,856 0 0
UMPQUA H COM 904214103 12,041,000 645,975 SH   DFND   645,975 0 0
UNION PA COM 907818108 94,000 100,000 SH Put DFND   100,000 0 0
UNIT COR COM 909218109 13,967,000 213,630 SH   DFND   213,630 0 0
UNITED P CLB 911312106 1,068,000 10,971 SH   DFND   10,971 0 0
UNITED T COM 913017109 3,653,000 31,267 SH   DFND   31,267 0 0
VEEVA SY CLACO 922475108 1,335,000 50,000 SH   DFND   50,000 0 0
VERIFONE COM 92342Y109 282,000 8,327 SH   DFND   8,327 0 0
VERIZON COM 92343V104 11,672,000 245,369 SH   DFND   245,369 0 0
VERTEX E COM 92534K107 97,000 15,000 SH   DFND   15,000 0 0
VIACOM I CLB 92553P201 16,837,000 198,101 SH   DFND   198,101 0 0
VIPSHOP NOTE1 92763WAA1 503,000 500,000 PRN   DFND   500,000 0 0
VODAFONE SPNSR 92857W308 7,736,000 210,150 SH   DFND   210,150 0 0
VORNADO SHBEN 929042109 20,405,000 207,033 SH   DFND   207,033 0 0
WCI CMNT COMPA 92923C807 3,582,000 181,251 SH   DFND   181,251 0 0
W P CARE COM 92936U109 12,932,000 215,278 SH   DFND   215,278 0 0
WEBSTER COM 947890109 9,958,000 320,605 SH   DFND   320,605 0 0
WELLS FA COM 949746101 960,000 19,295 SH   DFND   19,295 0 0
WESCO IN DBCV6 95082PAH8 59,261,000 20,000,000 PRN   DFND   20,000,000 0 0
WESTAR E COM 95709T100 16,949,000 482,050 SH   DFND   482,050 0 0
WEYERHAE COM 962166104 258,000 8,800 SH   DFND   8,800 0 0
WHITEWAV COM 966244105 352,000 600,000 SH Put DFND   600,000 0 0
WHITEWAV COMCL 966244105 30,635,000 1,073,400 SH   DFND   1,073,400 0 0
WYNDHAM COM 98310W108 366,000 5,000 SH   DFND   5,000 0 0
XPO LOGI NOTE4 983793AA8 18,830,000 10,000,000 PRN   DFND   10,000,000 0 0
YAHOO IN COM 984332106 13,500,000 376,034 SH   DFND   376,034 0 0
ZEP INC COM 98944B108 1,649,000 93,176 SH   DFND   93,176 0 0
CREDICOR COM G2519Y108 217,000 1,576 SH   DFND   1,576 0 0
HERBALIF COMUS G4412G101 49,264,000 860,200 SH   DFND   860,200 0 0
LAZARD L SHSA G54050102 4,532,000 96,236 SH   DFND   96,236 0 0
LIBERTY SHSCL G5480U104 4,816,000 115,775 SH   DFND   115,775 0 0
NOBLE CO SHSUS G65431101 65,616,000 2,004,163 SH   DFND   2,004,163 0 0
NORDIC A COM G65773106 286,000 29,074 SH   DFND   29,074 0 0
SIGNET J SHS G81276100 11,722,000 110,735 SH   DFND   110,735 0 0
VANTAGE ORDSH G93205113 684,000 400,000 SH   DFND   400,000 0 0
GOLAR LN SHS G9456A100 500,000 12,000 SH   DFND   12,000 0 0
CONSTELL CLA N22035104 14,216,000 484,363 SH   DFND   484,363 0 0
NIELSEN COM N63218106 99,924,000 2,238,944 SH   DFND   2,238,944 0 0
AEGEAN M COM Y0017S102 4,000 50,000 SH Put DFND   50,000 0 0
ARDMORE COM Y0207T100 2,660,000 200,000 SH   DFND   200,000 0 0
DHT HOLD SHSNE Y2065G121 2,723,000 350,000 SH   DFND   350,000 0 0
DIANA SH COM Y2066G104 5,384,000 449,074 SH   DFND   449,074 0 0