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 662,277 67,100,000 SH   DFND 01, 02 0 67,100,000 0
AMERICAN CAP LTD COM 02503Y103 168,583 12,225,000 SH   DFND 01, 02 0 12,225,000 0
ALLERGAN PLC SHS G0177J108 631,406 2,020,500 SH   DFND 01, 02 0 2,020,500 0
ALLERGAN PLC CALL G0177J908 240,625 770,000 SH Call DFND 01, 02 0 770,000 0
AMERICAN CAPITAL AGENCY CORP COM 02503X105 20,375 1,175,000 SH Call DFND 01, 02 0 1,175,000 0
PEABODY ENERGY CORP SDCV 4.750%12/1 704549AG9 183 4,076,000 PRN   DFND 01, 02 0 4,076,000 0
BAXALTA INC COM 07177M103 22,032 564,478 SH   DFND 01, 02 0 564,478 0
CABELA'S INC (US) COM 126804301 194,630 4,165,000 SH   DFND 01, 02 0 4,165,000 0
CARNIVAL CORP PAIRED CTF 143658300 8,569 157,286 SH   DFND 01, 02 0 157,286 0
CDK GLOBAL INC COM 12508E101 381,934 8,045,794 SH   DFND 01, 02 0 8,045,794 0
CENTERPOINT ENERGY INC COM 15189T107 164,188 8,942,703 SH   DFND 01, 02 0 8,942,703 0
CENTERPOINT ENERGY INC COM 15189T107 19,645 1,070,000 SH Call DFND 01, 02 0 1,070,000 0
COVISINT CORP COM 22357R103 7,381 2,952,357 SH   DFND 01, 02 0 2,952,357 0
CORMEDIX INC COM 21900C100 3,045 1,500,200 SH   DFND 01, 02 0 1,500,200 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 20,005 333,300 SH Put DFND 01, 02 0 333,300 0
CITRIX SYS INC COM 177376100 507,350 6,706,544 SH   DFND 01, 02 0 6,706,544 0
CABLEVISION SYS CORP CL A NY CABLVS 12686C109 8,007 251,012 SH   DFND 01, 02 0 251,012 0
CONCHO RES INC COM 20605P101 3,612 38,900 SH   DFND 01, 02 0 38,900 0
ELECTRONIC ARTS INC NOTE 0.750% 7/1 285512AA7 10,767 5,000,000 PRN   DFND 01, 02 0 5,000,000 0
E M C CORP MASS COM 268648102 1,084,492 42,231,000 SH   DFND 01, 02 0 42,231,000 0
FORTRESS BIOTECH INC COM 34960Q109 5,298 1,898,814 SH   DFND 01, 02 0 1,898,814 0
FCB FINL HLDGS INC CL A 30255G103 58,451 1,633,165 SH   DFND 01, 02 0 1,633,165 0
SANOFI RIGHT 12/31/2020 80105N113 2,301 20,454,561 SH   DFND 01, 02 0 20,454,561 0
GULFPORT ENERGY CORP COM NEW 402635304 7,494 305,000 SH   DFND 01, 02 0 305,000 0
HESS CORP COM 42809H107 862,944 17,800,000 SH   DFND 01, 02 0 17,800,000 0
HARTFORD FINL SVCS GROUP INC *W EXP 06/26/201 416515120 18,360 500,000 SH   DFND 01, 02 0 500,000 0
HEWLETT PACKARD ENTERPRISE C COM 42824C109 101,840 6,700,000 SH   DFND 01, 02 0 6,700,000 0
ISHARES TR IBOXX HI YD ETF 464288513 80,580 1,000,000 SH Put DFND 01, 02 0 1,000,000 0
INNOCOLL AG SPONSORED ADR 45780Q103 1,414 170,391 SH   DFND 01, 02 0 170,391 0
INTERPUBLIC GROUP COS INC COM 460690100 465,957 20,015,326 SH   DFND 01, 02 0 20,015,326 0
INTERPUBLIC GROUP COS INC COM 460690100 22,090 948,900 SH Put DFND 01, 02 0 948,900 0
ISHARES TR RUSSELL 2000 ETF 464287655 140,775 1,250,000 SH Put DFND 01, 02 0 1,250,000 0
KINDER MORGAN INC DEL *W EXP 05/25/201 49456B119 5 75,000 SH   DFND 01, 02 0 75,000 0
SPDR SERIES TRUST S&P REGL BKG 78464A698 123,664 2,950,000 SH Put DFND 01, 02 0 2,950,000 0
LIVEPERSON INC COM 538146101 6,567 972,867 SH   DFND 01, 02 0 972,867 0
MACYS INC. COM 55616P104 17,490 500,000 SH Call DFND 01, 02 0 500,000 0
MICROCHIP TECHNOLOGY INC SDCV 2.125%12/1 595017AB0 9,516 5,000,000 PRN   DFND 01, 02 0 5,000,000 0
MONDELEZ INTL INC CL A 609207105 1,121 25,000 SH   DFND 01, 02 0 25,000 0
MONDELEZ INTL INC CL A 609207105 17,936 400,000 SH Put DFND 01, 02 0 400,000 0
MITEL NETWORKS CORP COM 60671Q104 88,811 11,548,871 SH   DFND 01, 02 0 11,548,871 0
NAVISTAR INTL CORP NEW NOTE 4.500%10/1 63934EAQ1 1,488 2,862,000 PRN   DFND 01, 02 0 2,862,000 0
NAVISTAR INTL CORP NEW NOTE 4.750% 4/1 63934EAS7 37,930 75,859,000 PRN   DFND 01, 02 0 75,859,000 0
NATIONAL BK HLDGS CORP CL A 633707104 66,308 3,102,835 SH   DFND 01, 02 0 3,102,835 0
NOBLE ENERGY INC COM 655044105 16,597 504,000 SH   DFND 01, 02 0 504,000 0
NVIDIA CORP NOTE 1.000%12/0 67066GAC8 5,812 3,500,000 PRN   DFND 01, 02 0 3,500,000 0
OASIS PETE INC NEW COM 674215108 3,577 485,300 SH   DFND 01, 02 0 485,300 0
OFFICE DEPOT INC COM 676220106 74,663 13,238,130 SH   DFND 01, 02 0 13,238,130 0
MARKET VECTORS ETF TR OIL SVCS ETF 57060U191 5,290 200,000 SH   DFND 01, 02 0 200,000 0
MARKET VECTORS ETF TR OIL SVCS ETF 57060U191 19,876 750,000 SH Put DFND 01, 02 0 750,000 0
OPUS BK IRVINE CALIF COM 684000102 186,746 5,051,279 SH   DFND 01, 02 0 5,051,279 0
ORACLE CORP COM 68389X105 22,283 610,000 SH Put DFND 01, 02 0 610,000 0
POLYCOM INC COM 73172K104 111,433 8,850,892 SH   DFND 01, 02 0 8,850,892 0
PERRIGO CO PLC SHS G97822103 25,744 177,915 SH   DFND 01, 02 0 177,915 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 167,790 1,500,000 SH Put DFND 01, 02 0 1,500,000 0
RADIAN GROUP INC NOTE 2.250% 3/0 750236AN1 3,872 3,000,000 PRN   DFND 01, 02 0 3,000,000 0
B RILEY FINL INC COM 05580M108 22,834 2,306,450 SH   DFND 01, 02 0 2,306,450 0
ROADRUNNER TRNSN SVCS HLDG I COM 76973Q105 17,681 1,875,000 SH   DFND 01, 02 0 1,875,000 0
RYANAIR HLDGS PLC SPONSORED ADR NE 783513203 110,179 1,274,332 SH   DFND 01, 02 0 1,274,332 0
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 73,117 15,894,959 SH   DFND 01, 02 0 15,894,959 0
SHIRE PLC SPONSORED ADR 82481R106 11,058 53,943 SH   DFND 01, 02 0 53,943 0
SM ENERGY CO COM 78454L100 9,055 460,600 SH   DFND 01, 02 0 460,600 0
SUNPOWER CORP DBCV 0.750% 6/0 867652AG4 1,501 50,000 PRN Put DFND 01, 02 0 50,000 0
STERIS CORP COM 859152100 27,588 366,180 SH   DFND 01, 02 0 366,180 0
SYMANTEC CORP COM 871503108 105,000 5,000,000 SH   DFND 01, 02 0 5,000,000 0
SOLAZYME INC NOTE 6.000% 2/0 83415TAB7 590 1,000,000 PRN   DFND 01, 02 0 1,000,000 0
TEREX CORP NEW COM 880779103 223 12,052 SH   DFND 01, 02 0 12,052 0
TIM PARTICIPACOES S A SPONSORED ADR 88706P205 109,773 12,944,930 SH   DFND 01, 02 0 12,944,930 0
TIME WARNER CABLE INC COM 88732J207 11,351 61,162 SH   DFND 01, 02 0 61,162 0
UNDER ARMOUR INC CL A 904311907 8,464 105,000 SH   DFND 01, 02 0 105,000 0
UNDER ARMOUR INC CL A 904311907 2,015 25,000 SH Put DFND 01, 02 0 25,000 0
VEREIT INC COM 92339V100 709 89,500 SH   DFND 01, 02 0 89,500 0
VMWARE INC CL A COM 928563402 116,251 2,055,000 SH   DFND 01, 02 0 2,055,000 0
VMWARE INC CL A COM 928563402 14,143 250,000 SH Call DFND 01, 02 0 250,000 0
VANGUARD INDEX FDS REIT ETF 922908553 318,920 4,000,000 SH Put DFND 01, 02 0 4,000,000 0
VERISIGN INC SDCV 3.250% 8/1 92343EAD4 19,194 7,500,000 PRN   DFND 01, 02 0 7,500,000 0
WHITING PETE CORP NEW COM 966387102 8,327 882,100 SH   DFND 01, 02 0 882,100 0
WILLIAMS COS INC DEL COM 969457100 1,748 68,000 SH   DFND 01, 02 0 68,000 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 148,984 2,469,900 PRN   DFND 01, 02 0 2,469,900 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 90,480 1,500,000 PRN Put DFND 01, 02 0 1,500,000 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 39,352 1,302,200 PRN   DFND 01, 02 0 1,302,200 0
SPDR SERIES TRUST S&P RETAIL ETF 78464A714 55,780 1,290,000 PRN Put DFND 01, 02 0 1,290,000 0
ZIONS BANCORPORATION *W EXP 5/22/202 989701115 1,237 365,000 SH   DFND 01, 02 0 365,000 0