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
ACCURIDE CORP NEW COM NEW 00439T206 10,120 2,000,000 SH   SOLE   0 0 2,000,000
ACTAVIS INC COM 00507K103 163,019 1,291,547 SH   SOLE   0 0 1,291,547
ALON USA PARTNERS LP UT LTDPART INT 02052T109 47,600 2,000,000 SH   SOLE   0 0 2,000,000
AMBAC FINL GROUP INC COM NEW 023139884 45,436 1,906,664 SH   SOLE   0 0 1,906,664
AMERICAN INTL GROUP INC COM NEW 026874784 131,894 2,950,642 SH   SOLE   0 0 2,950,642
ARMSTRONG WORLD INDS INC NEW COM 04247X102 4,779 100,000 SH   SOLE   0 0 100,000
AVAGO TECHNOLOGIES LTD SHS Y0486S104 7,125 190,611 SH   SOLE   0 0 190,611
BEAM INC COM 073730103 58,647 929,290 SH   SOLE   0 0 929,290
BROOKDALE SR LIVING INC COM 112463104 59,705 2,258,126 SH   SOLE   0 0 2,258,126
CANADIAN PAC RY LTD COM 13645T100 4,371 36,013 SH   SOLE   0 0 36,013
CAREFUSION CORP COM 14170T101 95,537 2,592,596 SH   SOLE   0 0 2,592,596
CBRE GROUP INC CL A 12504L109 147,184 6,300,695 SH   SOLE   0 0 6,300,695
CHENIERE ENERGY INC COM NEW 16411R208 61,819 2,226,902 SH   SOLE   0 0 2,226,902
CLEARWIRE CORP NEW CL A 18538Q105 88,489 17,715,600 SH   SOLE   0 0 17,715,600
COMCAST CORP NEW CL A 20030N101 3,037 72,732 SH   SOLE   0 0 72,732
COSTAMARE INC SHS Y1771G102 25,845 1,500,000 SH   SOLE   0 0 1,500,000
CHEMTURA CORP COM NEW 163893209 115,565 5,692,836 SH   SOLE   0 0 5,692,836
COMMERCIAL VEH GROUP INC COM 202608105 19,174 2,570,204 SH   SOLE   0 0 2,570,204
DIGITALGLOBE INC COM NEW 25389M877 83,730 2,700,103 SH   SOLE   0 0 2,700,103
DISH NETWORK CORP CL A 25470M109 87,592 2,060,025 SH   SOLE   0 0 2,060,025
EATON CORP PLC SHS G29183103 2,733 41,526 SH   SOLE   0 0 41,526
ELAN PLC ADR 284131208 235,389 16,647,010 SH   SOLE   0 0 16,647,010
GENERAL MTRS CO COM 37045V100 1,696 50,911 SH   SOLE   0 0 50,911
GIVEN IMAGING ORD SHS M52020100 2,958 211,160 SH   SOLE   0 0 211,160
GILAT SATELLITE NETWORKS LTD SHS NEW M51474118 45,075 8,121,651 SH   SOLE   0 0 8,121,651
GRACE W R & CO DEL NEW COM 38388F108 3,782 45,000 SH   SOLE   0 0 45,000
HIMAX TECHNOLOGIES INC SPONSORED ADR 43289P106 15,468 2,963,150 SH   SOLE   0 0 2,963,150
HARVEST NATURAL RESOURCES IN COM 41754V103 224 72,177 SH   SOLE   0 0 72,177
HERTZ GLOBAL HOLDINGS INC COM 42805T105 305,366 12,313,164 SH   SOLE   0 0 12,313,164
INGERSOLL-RAND PLC SHS G47791101 5,048 90,927 SH   SOLE   0 0 90,927
INTERPUBLIC GROUP COS INC COM 460690100 24,014 1,650,469 SH   SOLE   0 0 1,650,469
IVANHOE ENERGY INC COM NEW 465790301 285 319,906 SH   SOLE   0 0 319,906
LEAR CORP COM NEW 521865204 26,738 442,241 SH   SOLE   0 0 442,241
LIBERTY INTERACTIVE CORP LBT VENT COM A 53071M880 42,033 494,444 SH   SOLE   0 0 494,444
LIBERTY MEDIA CORP DELAWARE CL A 531229102 78,133 616,385 SH   SOLE   0 0 616,385
MEAD JOHNSON NUTRITION CO COM 582839106 73,742 930,729 SH   SOLE   0 0 930,729
MONDELEZ INTL INC CL A 609207105 84,735 2,970,019 SH   SOLE   0 0 2,970,019
MANITOWOC INC COM 563571108 88,581 4,945,917 SH   SOLE   0 0 4,945,917
NEW RESIDENTIAL INVT CORP COM 64828T102 45,091 6,690,044 SH   SOLE   0 0 6,690,044
NEWS CORP CL A 65248E104 108,865 7,138,693 SH   SOLE   0 0 7,138,693
NORTHSTAR RLTY FIN CORP COM 66704R100 60,253 6,621,237 SH   SOLE   0 0 6,621,237
NOVACOPPER INC COM 66988K102 5,694 3,253,762 SH   SOLE   0 0 3,253,762
OIL STS INTL INC COM 678026105 67,403 727,578 SH   SOLE   0 0 727,578
ORIENT-EXPRESS HOTELS LTD CL A G67743107 6,405 526,703 SH   SOLE   0 0 526,703
PACIFIC DRILLING SA LUXEMBOU REG SHS L7257P106 10,758 1,100,000 SH   SOLE   0 0 1,100,000
PETROLOGISTICS LP UNIT LTD PTH INT 71672U101 219,381 16,557,081 SH   SOLE   0 0 16,557,081
PIONEER SOUTHWST ENRG PRTNR UNIT LP INT 72388B106 429 12,500 SH   SOLE   0 0 12,500
QIHOO 360 TECHNOLOGY CO LTD ADS 74734M109 2,646 57,303 SH   SOLE   0 0 57,303
RADWARE LTD ORD M81873107 17,569 1,274,006 SH   SOLE   0 0 1,274,006
REALOGY HLDGS CORP COM 75605Y106 157,858 3,285,961 SH   SOLE   0 0 3,285,961
SCORPIO TANKERS INC SHS Y7542C106 34,681 3,862,000 SH   SOLE   0 0 3,862,000
SHIRE PLC SPONSORED ADR 82481R106 18,907 198,788 SH   SOLE   0 0 198,788
SIRIUS XM RADIO INC COM 82967N108 26,442 7,893,276 SH   SOLE   0 0 7,893,276
SONY CORP ADR NEW 835699307 110,054 5,193,661 SH   SOLE   0 0 5,193,661
SPDR GOLD TRUST GOLD SHS 78463V107 5,300 44,500 SH   SOLE   0 0 44,500
SPECTRA ENERGY CORP COM 847560109 145,257 4,215,240 SH   SOLE   0 0 4,215,240
SPRINT NEXTEL CORP COM SER 1 852061100 555,031 79,064,284 SH   SOLE   0 0 79,064,284
STEALTHGAS INC SHS Y81669106 16,500 1,500,000 SH   SOLE   0 0 1,500,000
SANOFI RIGHT 12/31/2020 80105N113 6,063 3,191,303 SH   SOLE   0 0 3,191,303
TOWERS WATSON & CO CL A 891894107 27,882 340,276 SH   SOLE   0 0 340,276
TRIO MERGER CORP COM 896697109 874 86,250 SH   SOLE   0 0 86,250
TURQUOISE HILL RES LTD COM 900435108 23,427 3,950,509 SH   SOLE   0 0 3,950,509
TW TELECOM INC COM 87311L104 25,165 894,265 SH   SOLE   0 0 894,265
TYCO INTERNATIONAL LTD SHS H89128104 94,358 2,863,673 SH   SOLE   0 0 2,863,673
VERIZON COMMUNICATIONS INC COM 92343V104 2,026 40,238 SH   SOLE   0 0 40,238
VISTEON CORP COM NEW 92839U206 61,176 969,197 SH   SOLE   0 0 969,197
WALGREEN CO COM 931422109 1,992 45,066 SH   SOLE   0 0 45,066
YONGYE INTL INC COM 98607B106 12,403 2,318,237 SH   SOLE   0 0 2,318,237
YAHOO INC COM 984332106 164,112 6,530,528 SH   SOLE   0 0 6,530,528
CANADIAN PAC RY LTD COM 13645T100 18,207 150,000 SH Call SOLE   0 0 150,000
CAREFUSION CORP COM 14170T101 14,740 400,000 SH Call SOLE   0 0 400,000
CSX CORP COM 126408103 23,190 1,000,000 SH Call SOLE   0 0 1,000,000
HERTZ GLOBAL HOLDINGS INC COM 42805T105 12,400 500,000 SH Call SOLE   0 0 500,000
CHENIERE ENERGY INC COM NEW 16411R208 14,713 530,000 SH Put SOLE   0 0 530,000
PENNEY J C INC COM 708160106 32,025 1,875,000 SH Put SOLE   0 0 1,875,000
ISHARES TR RUSSELL 2000 464287655 344,350 3,550,000 SH Put SOLE   0 0 3,550,000
GENERAL MTRS CO *W EXP 07/10/201 37045V118 506 21,093 SH   SOLE   0 0 21,093
GENERAL MTRS CO *W EXP 07/10/201 37045V126 345 21,093 SH   SOLE   0 0 21,093
KINDER MORGAN INC DEL *W EXP 05/25/201 49456B119 2,341 457,280 SH   SOLE   0 0 457,280