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
ALCOA INC COM 013817101 19,320 2,000,000 SH Call DFND 01, 02 0 2,000,000 0
ALLERGAN PLC SHS G0177J108 180,210 663,000 SH   DFND 01, 02 0 663,000 0
AMERICAN CAPITAL AGENCY CORP COM 02503X105 9,350 500,000 SH   DFND 01, 02 0 500,000 0
AMERICAN CAPITAL AGENCY CORP COM 02503X105 37,015 1,979,400 SH Call DFND 01, 02 0 1,979,400 0
AVAGO TECHNGOLOGIES LTD SHS Y0486S104 25,127 201,000 SH Call DFND 01,02 0 201,000 0
ANADARKO PETE CORP COM 032511107 65,463 1,084,000 SH   DFND 01, 02 0 1,084,000 0
CARNIVAL CORP PAIRED CTF 143658300 11,683 235,066 SH   DFND 01, 02 0 235,066 0
CDK GLOBAL INC COM 12508E101 379,197 7,936,315 SH   DFND 01, 02 0 7,936,315 0
CITRIX SYS INC COM 177376100 406,743 5,871,000 SH   DFND 01, 02 0 5,871,000 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 17,406 278,000 SH Put DFND 01, 02 0 278,000 0
COMCAST CORP NEW CL A 20030N101 181,930 3,198,480 SH   DFND 01, 02 0 3,198,480 0
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 61,672 15,894,959 SH   DFND 01, 02 0 15,894,959 0
CORMEDIX INC COM 21900C100 2,985 1,500,200 SH   DFND 01, 02 0 1,500,200 0
COVISINT CORP COM 22357R103 6,348 2,952,357 SH   DFND 01, 02 0 2,952,357 0
ELECTRONIC ARTS INC NOTE 0.750% 7/1 285512AA7 10,639 5,000,000 PRN   DFND 01, 02 0 5,000,000 0
E M C CORP MASS COM 268648102 821,440 34,000,000 SH   DFND 01, 02 0 34,000,000 0
FCB FINL HLDGS INC CL A 30255G103 71,182 2,182,165 SH   DFND 01, 02 0 2,182,165 0
FORTRESS BIOTECH INC COM 34960Q109 6,733 2,589,660 SH   DFND 01, 02 0 2,589,660 0
GULFPORT ENERGY CORP COM NEW 402635304 9,052 305,000 SH   DFND 01, 02 0 305,000 0
HARTFORD FINL SVCS GROUP INC *W EXP 06/26/201 416515120 19,085 500,000 SH   DFND 01, 02 0 500,000 0
HESS CORP COM 42809H107 891,068 17,800,000 SH   DFND 01, 02 0 17,800,000 0
INTERPUBLIC GROUP COS INC COM 460690100 382,893 20,015,326 SH   DFND 01, 02 0 20,015,326 0
ISHARES TR RUSSELL 2000 ETF 464287655 98,298 900,000 SH Put DFND 01, 02 0 900,000 0
JUNIPER NETWORKS INC COM 48203R104 40,850 1,588,872 SH   DFND 01, 02 0 1,588,872 0
SPDR SERIES TRUST S&P REGL BKG 78464A698 121,540 2,950,000 SH Put DFND 01, 02 0 2,950,000 0
KINDER MORGAN INC DEL *W EXP 05/25/201 49456B119 69 75,000 SH   DFND 01, 02 0 75,000 0
MACYS INC. COM 55616P104 25,660 500,000 SH Call DFND 01, 02 0 500,000 0
MICROCHIP TECHNOLOGY INC SDCV 2.125%12/1 595017AB0 8,763 5,000,000 PRN   DFND 01, 02 0 5,000,000 0
MITEL NETWORKS CORP COM 60671Q104 73,355 11,372,874 SH   DFND 01, 02 0 11,372,874 0
NAVISTAR INTL CORP NEW NOTE 4.500%10/1 63934EAQ1 2,046 2,862,000 PRN   DFND 01, 02 0 2,862,000 0
NAVISTAR INTL CORP NEW NOTE 4.750% 4/1 63934EAS7 44,235 64,109,000 PRN   DFND 01, 02 0 64,109,000 0
NATIONAL BK HLDGS CORP CL A 633707104 63,701 3,102,835 SH   DFND 01, 02 0 3,102,835 0
NOBLE ENERGY INC COM 655044105 10,714 355,000 SH   DFND 01, 02 0 355,000 0
NOVELLUS SYS INC NOTE 2.625% 5/1 670008AD3 3,914 2,000,000 PRN   DFND 01, 02 0 2,000,000 0
OASIS PETE INC NEW COM 674215108 4,212 485,300 SH   DFND 01, 02 0 485,300 0
OFFICE DEPOT INC COM 676220106 57,157 8,903,022 SH   DFND 01, 02 0 8,903,022 0
OFFICE DEPOT INC COM 676220106 3,274 510,000 SH Put DFND 01, 02 0 510,000 0
OI S.A. SPN ADR NEW 670851302 6,610 9,720,366 SH   DFND 01, 02 0 9,720,366 0
OMNICOM GROUP INC COM 681919106 32,950 500,000 SH Call DFND 01, 02 0 500,000 0
OPUS BK IRVINE CALIF COM 684000102 202,721 5,301,279 SH   DFND 01, 02 0 5,301,279 0
ORACLE CORP COM 68389X105 22,033 610,000 SH Put DFND 01, 02 0 610,000 0
POLYCOM INC COM 73172K104 76,722 7,320,814 SH   DFND 01, 02 0 7,320,814 0
PERRIGO CO PLC SHS G97822103 71,070 451,896 SH   DFND 01, 02 0 451,896 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 91,584 900,000 SH Put DFND 01, 02 0 900,000 0
RADIAN GROUP INC NOTE 2.250% 3/0 750236AN1 4,536 3,000,000 PRN   DFND 01, 02 0 3,000,000 0
SANDISK CORP NOTE 1.500% 8/1 80004CAD3 5,050 4,000,000 PRN   DFND 01, 02 0 4,000,000 0
SANOFI RIGHT 12/31/2020 80105N113 3,766 19,791,100 SH   DFND 01, 02 0 19,791,100 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 18,883 833,300 SH Put DFND 01, 02 0 833,300 0
B RILEY FINL INC COM 05580M108 22,494 2,306,450 SH   DFND 01, 02 0 2,306,450 0
SM ENERGY CO COM 78454L100 14,758 460,600 SH   DFND 01, 02 0 460,600 0
SOLAZYME INC NOTE 6.000% 2/0 83415TAB7 610 1,000,000 PRN   DFND 01, 02 0 1,000,000 0
SOCIEDAD QUIMICA MINERA DE C SPONSORED ADR SER B 833635105 28,583 1,965,847 SH   DFND 01, 02 0 1,965,847 0
SHORETEL INC COM 825211105 3,041 407,070 SH   DFND 01, 02 0 407,070 0
SUNEDISON INC NOTE 2.750% 1/0 86732YAD1 3,722 5,000,000 PRN   DFND 01, 02 0 5,000,000 0
SUNEDISON INC COM 86732Y109 180 25,000 SH Call DFND 01, 02 0 25,000 0
SUNEDISON INC COM 86732Y109 359 50,000 SH Put DFND 01, 02 0 50,000 0
TIM PARTICIPACOES S A SPONSORED ADR 88706P205 122,330 12,944,930 SH   DFND 01, 02 0 12,944,930 0
TIME WARNER CABLE INC COM 88732J207 10,971 61,162 SH   DFND 01, 02 0 61,162 0
TWENTY FIRST CENTY FOX INC CL B 90130A200 100,198 3,701,414 SH   DFND 01, 02 0 3,701,414 0
VEREIT INC COM 92339V100 691 89,500 SH   DFND 01, 02 0 89,500 0
VMWARE INC CL A COM 928563402 59,093 750,000 SH   DFND 01, 02 0 750,000 0
VANGUARD INDEX FDS REIT ETF 922908553 113,310 1,500,000 SH Put DFND 01, 02 0 1,500,000 0
VERISIGN INC SDCV 3.250% 8/1 92343EAD4 15,634 7,500,000 PRN   DFND 01, 02 0 7,500,000 0
WHITING PETE CORP NEW COM 966387102 13,470 882,100 SH   DFND 01, 02 0 882,100 0
WILLIAMS COS INC DEL COM 969457100 2,506 68,000 SH   DFND 01, 02 0 68,000 0
ZIONS BANCORPORATION *W EXP 5/22/202 989701115 1,314 365,000 SH   DFND 01, 02 0 365,000 0