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
AIR LEASE CORP CL A 00912X302 4,088 105,493 SH   DFND 1, 2 0 105,493 0
AVIANCA HLDGS SA SPON ADR REP PFD 05367G100 8,345 1,082,296 SH   DFND   0 1,082,296 0
BANC OF CALIFORNIA INC COM 05990K106 4,642 224,238 SH   DFND   0 224,238 0
BANKFINANCIAL CORP COM 06643P104 1,612 111,010 SH   DFND 2 0 111,010 0
BJS RESTAURANTS INC COM 09180C106 879 21,748 SH   DFND 2 0 21,748 0
BOX INC CL A 10316T104 1,073 65,807 SH   DFND   0 65,807 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 3,005 9,180 SH   DFND   0 9,180 0
CLEAR CHANNEL OUTDOOR HLDGS CL A 18451C109 315 52,100 SH   DFND   0 52,100 0
COMCAST CORP NEW CL A 20030N101 2,380 63,325 SH   DFND   0 63,325 0
COMPANHIA BRASILEIRA DE DIST SPN ADR PFD CL A 20440T201 2,976 1,550,000 SH   DFND   0 1,550,000 0
DELL TECHNOLOGIES INC COM CL V 24703L103 21,515 335,746 SH   DFND 3, 4 0 335,746 0
DISH NETWORK CORP CL A 25470M109 3,837 3,750 SH   DFND   0 3,750 0
ENERNOC INC DBCV 2.250% 8/1 292764AB3 1,268 1,485 SH   DFND   0 1,485 0
FIRST NBC BK HLDG CO COM 32115D106 307 76,668 SH   DFND   0 76,668 0
FRONTIER COMMUNICATIONS CORP PFD CONV SER-A 35906A207 1,581 32,090 SH   DFND   0 32,090 0
GRAY TELEVISION INC COM 389375106 5,109 352,378 SH   DFND 5 0 352,378 0
INTELSAT S A COM L5140P101 388 93,555 SH   DFND   0 93,555 0
INTRICON CORP COM 46121H109 1,537 168,911 SH   DFND   0 168,911 0
ISHARES MSCI BRZ CAP ETF 464286400 2,442 65,200 SH   DFND   0 65,200 0
ISHARES INC MSCI TAIWAN ETF 46434G772 3,522 106,000 SH   DFND   0 106,000 0
ISHARES TR TIPS BD ETF 464287176 55,376 483,000 SH   DFND   0 483,000 0
ISHARES TR RUSSELL 2000 ETF 464287655 14,394 104,700 SH Put DFND 3 0 104,700 0
MCBC HLDGS INC COM 55276F107 888 54,900 SH   DFND   0 54,900 0
NEW YORK CMNTY BANCORP INC COM 649445103 1,397 100,000 SH   DFND   0 100,000 0
NEXSTAR MEDIA GROUP INC CL A 65336K103 22,220 316,755 SH   DFND 5, 6 0 316,755 0
NMI HLDGS INC CL A 629209305 897 78,656 SH   DFND 2 0 78,656 0
NORTHERN OIL & GAS INC NEV COM 665531109 252 97,100 SH   DFND   0 97,100 0
NXP SEMICONDUCTORS N V COM N6596X109 73,918 714,186 SH   DFND 3, 6, 4 0 714,186 0
PANDORA MEDIA INC NOTE 1.750%12/0 698354AB3 1,930 1,945 SH   DFND   0 1,945 0
PDVWIRELESS INC COM 69290R104 1,113 50,916 SH   DFND   0 50,916 0
PINNACLE ENTMT INC NEW COM 72348Y105 2,872 147,144 SH   DFND 2 0 147,144 0
RESTAURANT BRANDS INTL INC COM 76131D103 2,953 52,985 SH   DFND   0 52,985 0
SANOFI RIGHT 12/31/2020 80105N113 50 111,400 SH   DFND   0 111,400 0
SHERWIN WILLIAMS CO COM 824348106 2,243 7,230 SH   DFND   0 7,230 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 56,365 239,100 SH Put DFND 3 0 239,100 0
T MOBILE US INC COM 872590104 6,925 107,214 SH   DFND 5 0 107,214 0
TANGOE INC COM 87582Y108 1,225 231,217 SH   DFND   0 231,217 0
TERRAFORM PWR INC CL A COM 88104R100 470 38,010 SH   DFND   0 38,010 0
TIME WARNER INC COM NEW 887317303 46,626 477,192 SH   DFND 3, 4 0 477,192 0
UNIVAR INC COM 91336L107 1,338 43,655 SH   DFND   0 43,655 0
VANECK VECTORS ETF TR RUSSIA ETF 92189F403 3,865 187,000 SH   DFND   0 187,000 0
VISA INC COM CL A 92826C839 4,941 55,593 SH   DFND   0 55,593 0
WALTER INVT MGMT CORP COM 93317W102 58 53,500 SH   DFND   0 53,500 0
ZAYO GROUP HLDGS INC COM 98919V105 2,159 65,616 SH   DFND 2 0 65,616 0