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
ABBOTT LABS COM 002824100 25,669 627,600 SH   SOLE 2, 3 627,600 0 0
ABBOTT LABS COM 002824100 9,706 237,300 SH   DFND 1 0 237,300 0
AFLAC INC COM 001055102 4,824 77,500 SH   SOLE 2 77,500 0 0
AFLAC INC COM 001055102 2,247 36,100 SH   DFND 1 0 36,100 0
ALLIANT TECHSYSTEMS INC COM 018804104 2,645 19,749 SH   SOLE 2, 3 19,749 0 0
ALLIANT TECHSYSTEMS INC COM 018804104 522 3,900 SH   DFND 1 0 3,900 0
AMAG PHARMACEUTICALS INC COM 00163U106 821 39,600 SH   SOLE 3 39,600 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 9,759 178,800 SH   SOLE 2, 3 178,800 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 3,417 62,600 SH   DFND 1 0 62,600 0
AMERISAFE INC COM 03071H100 407 10,000 SH   SOLE   10,000 0 0
APACHE CORP COM 037411105 2,264 22,500 SH   SOLE 2, 3 22,500 0 0
APACHE CORP COM 037411105 704 7,000 SH   DFND 1 0 7,000 0
ARCH CAP GROUP LTD ORD G0450A105 10,310 179,500 SH   SOLE   179,500 0 0
ASPEN INSURANCE HOLDINGS LTD SHS G05384105 13,980 307,800 SH   SOLE 2, 3 307,800 0 0
ASPEN INSURANCE HOLDINGS LTD SHS G05384105 3,325 73,200 SH   DFND 1 0 73,200 0
AURICO GOLD INC COM 05155C105 1,901 446,200 SH   SOLE 2, 3 446,200 0 0
AURICO GOLD INC COM 05155C105 664 155,791 SH   DFND 1 0 155,791 0
AUTOMATIC DATA PROCESSING IN COM 053015103 28,097 354,400 SH   SOLE 2, 3 354,400 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 9,173 115,700 SH   DFND 1 0 115,700 0
AUXILIUM PHARMACEUTICALS INC NOTE 1.500% 7/1 05334DAA5 812 750,000 PRN   SOLE 2 750,000 0 0
AUXILIUM PHARMACEUTICALS INC NOTE 1.500% 7/1 05334DAA5 1,164 1,075,000 PRN   DFND 1 0 1,075,000 0
AUXILIUM PHARMACEUTICALS INC COM 05334D107 489 24,400 SH   SOLE 3 24,400 0 0
AVALONBAY CMNTYS INC COM 053484101 13,579 95,500 SH   SOLE 2, 3 95,500 0 0
AVALONBAY CMNTYS INC COM 053484101 3,825 26,900 SH   DFND 1 0 26,900 0
AXIS CAPITAL HOLDINGS LTD SHS G0692U109 660 14,900 SH   SOLE   14,900 0 0
BANC CALIF INC COM 05990K106 872 80,000 SH   SOLE 3 80,000 0 0
BANNER CORP COM NEW 06652V208 8,069 203,600 SH Call SOLE   203,600 0 0
BARRICK GOLD CORP COM 067901108 4,646 253,900 SH   SOLE 2, 3 253,900 0 0
BARRICK GOLD CORP COM 067901108 1,362 74,400 SH   DFND 1 0 74,400 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 57,230 452,200 SH   SOLE 2, 3 452,200 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 10,618 83,900 SH   DFND 1 0 83,900 0
BROADRIDGE FINL SOLUTIONS IN COM 11133T103 837 20,100 SH   SOLE   20,100 0 0
BROOKLINE BANCORP INC DEL COM 11373M107 1,398 149,200 SH   SOLE 3 149,200 0 0
BROWN & BROWN INC COM 115236101 2,669 86,900 SH   SOLE 3 86,900 0 0
BSB BANCORP INC MD COM 05573H108 549 32,000 SH   SOLE 3 32,000 0 0
CABLEVISION SYS CORP CL A NY CABLVS 12686C109 8,894 503,900 SH   SOLE 2, 3 503,900 0 0
CABLEVISION SYS CORP CL A NY CABLVS 12686C109 3,318 188,000 SH   DFND 1 0 188,000 0
CADENCE DESIGN SYSTEM INC COM 127387108 2,034 116,300 SH   SOLE 3 116,300 0 0
CAMECO CORP COM 13321L108 1,200 61,200 SH   SOLE 2, 3 61,200 0 0
CAMECO CORP COM 13321L108 369 18,800 SH   DFND 1 0 18,800 0
CAMPBELL SOUP CO COM 134429109 11,237 245,300 SH   SOLE 2, 3 245,300 0 0
CAMPBELL SOUP CO COM 134429109 4,476 97,700 SH   DFND 1 0 97,700 0
CAPITAL BK FINL CORP CL A COM 139794101 1,563 66,200 SH   SOLE 3 66,200 0 0
CAPITAL CITY BK GROUP INC COM 139674105 841 57,900 SH   SOLE 3 57,900 0 0
CELADON GROUP INC COM 150838100 4,782 224,294 SH   SOLE 2, 3 224,294 0 0
CELADON GROUP INC COM 150838100 1,030 48,300 SH   DFND 1 0 48,300 0
CENTRAL PAC FINL CORP COM NEW 154760409 3,640 183,400 SH   SOLE 2, 3 183,400 0 0
CENTRAL PAC FINL CORP COM NEW 154760409 1,342 67,600 SH   DFND 1 0 67,600 0
CHICOPEE BANCORP INC COM 168565109 1,412 83,571 SH   SOLE 3 83,571 0 0
CHIQUITA BRANDS INTL INC NOTE 4.250% 8/1 170032AT3 4,707 4,675,000 PRN   SOLE 2, 3 4,675,000 0 0
CHIQUITA BRANDS INTL INC NOTE 4.250% 8/1 170032AT3 1,334 1,325,000 PRN   DFND 1 0 1,325,000 0
CHUBB CORP COM 171232101 22,509 244,209 SH   SOLE 3 244,209 0 0
CHURCH & DWIGHT INC COM 171340102 11,929 170,542 SH   SOLE 2, 3 170,542 0 0
CHURCH & DWIGHT INC COM 171340102 2,945 42,100 SH   DFND 1 0 42,100 0
CIRCOR INTL INC COM 17273K109 1,222 15,840 SH   SOLE 3 15,840 0 0
CIT GROUP INC COM NEW 125581801 966 21,100 SH   SOLE 2, 3 21,100 0 0
CIT GROUP INC COM NEW 125581801 293 6,400 SH   DFND 1 0 6,400 0
CITIGROUP INC COM NEW 172967424 14,729 312,719 SH   SOLE 2, 3 312,719 0 0
CITIGROUP INC COM NEW 172967424 3,066 65,090 SH   DFND 1 0 65,090 0
CITY NATL CORP COM 178566105 2,864 37,800 SH   SOLE 2, 3 37,800 0 0
CITY NATL CORP COM 178566105 1,129 14,900 SH   DFND 1 0 14,900 0
CNA FINL CORP COM 126117100 18,508 457,900 SH   SOLE 2, 3 457,900 0 0
CNA FINL CORP COM 126117100 4,131 102,200 SH   DFND 1 0 102,200 0
COCA COLA CO COM 191216100 28,169 665,000 SH   SOLE 2, 3 665,000 0 0
COCA COLA CO COM 191216100 11,259 265,800 SH   DFND 1 0 265,800 0
COMTECH TELECOMMUNICATIONS C COM NEW 205826209 623 16,700 SH   SOLE 2 16,700 0 0
COMTECH TELECOMMUNICATIONS C COM NEW 205826209 877 23,500 SH   DFND 1 0 23,500 0
CONOCOPHILLIPS COM 20825C104 21,192 247,200 SH   SOLE 2, 3 247,200 0 0
CONOCOPHILLIPS COM 20825C104 7,956 92,800 SH   DFND 1 0 92,800 0
CORNING INC COM 219350105 23,403 1,066,200 SH   SOLE 2, 3 1,066,200 0 0
CORNING INC COM 219350105 8,800 400,900 SH   DFND 1 0 400,900 0
CU BANCORP CALIF COM 126534106 782 41,000 SH   SOLE 3 41,000 0 0
CURTISS WRIGHT CORP COM 231561101 8,615 131,400 SH   SOLE 2, 3 131,400 0 0
CURTISS WRIGHT CORP COM 231561101 3,311 50,500 SH   DFND 1 0 50,500 0
DARDEN RESTAURANTS INC COM 237194105 1,772 38,300 SH   SOLE 2, 3 38,300 0 0
DARDEN RESTAURANTS INC COM 237194105 634 13,700 SH   DFND 1 0 13,700 0
DELTIC TIMBER CORP COM 247850100 3,601 59,600 SH   SOLE 2, 3 59,600 0 0
DELTIC TIMBER CORP COM 247850100 767 12,700 SH   DFND 1 0 12,700 0
DENNYS CORP COM 24869P104 2,377 364,600 SH   SOLE 3 364,600 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301 641 50,000 SH   SOLE   50,000 0 0
DIME CMNTY BANCSHARES COM 253922108 1,071 67,800 SH   SOLE 3 67,800 0 0
DOMTAR CORP COM NEW 257559203 26,186 611,112 SH   SOLE 2, 3 611,112 0 0
DOMTAR CORP COM NEW 257559203 9,226 215,300 SH   DFND 1 0 215,300 0
DONEGAL GROUP INC CL A 257701201 2,061 134,700 SH   SOLE 2, 3 134,700 0 0
DONEGAL GROUP INC CL A 257701201 788 51,500 SH   DFND 1 0 51,500 0
DREAMWORKS ANIMATION SKG INC CL A 26153C103 4,050 174,100 SH   SOLE 2, 3 174,100 0 0
DREAMWORKS ANIMATION SKG INC CL A 26153C103 1,496 64,300 SH   DFND 1 0 64,300 0
DU PONT E I DE NEMOURS & CO COM 263534109 18,218 278,400 SH   SOLE 2, 3 278,400 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 8,272 126,400 SH   DFND 1 0 126,400 0
E M C CORP MASS COM 268648102 6,761 256,700 SH   SOLE 2, 3 256,700 0 0
E M C CORP MASS COM 268648102 2,376 90,200 SH   DFND 1 0 90,200 0
EBAY INC COM 278642103 5,622 112,300 SH   SOLE 2 112,300 0 0
EBAY INC COM 278642103 1,522 30,400 SH   DFND 1 0 30,400 0
EMPIRE DIST ELEC CO COM 291641108 4,247 165,400 SH   SOLE 2, 3 165,400 0 0
EMPIRE DIST ELEC CO COM 291641108 1,104 43,000 SH   DFND 1 0 43,000 0
ENDURANCE SPECIALTY HLDGS LT SHS G30397106 8,533 165,400 SH   SOLE 3 165,400 0 0
ENERGIZER HLDGS INC COM 29266R108 8,408 68,900 SH   SOLE 2, 3 68,900 0 0
ENERGIZER HLDGS INC COM 29266R108 3,209 26,300 SH   DFND 1 0 26,300 0
EXPEDIA INC DEL COM NEW 30212P303 10,239 130,000 SH Call SOLE   130,000 0 0
FIRST AMERN FINL CORP COM 31847R102 4,424 159,200 SH   SOLE 2, 3 159,200 0 0
FIRST AMERN FINL CORP COM 31847R102 1,648 59,300 SH   DFND 1 0 59,300 0
FIRST DEFIANCE FINL CORP COM 32006W106 1,263 44,000 SH   SOLE 3 44,000 0 0
FIRST SEC GROUP INC COM NEW 336312202 1,364 628,400 SH   SOLE   628,400 0 0
FIRSTENERGY CORP COM 337932107 20,957 603,601 SH   SOLE 2, 3 603,601 0 0
FIRSTENERGY CORP COM 337932107 7,187 207,000 SH   DFND 1 0 207,000 0
FOREST CITY ENTERPRISES INC NOTE 4.250% 8/1 345550AP2 1,017 900,000 PRN   SOLE 2, 3 900,000 0 0
FOREST CITY ENTERPRISES INC NOTE 4.250% 8/1 345550AP2 113 100,000 PRN   DFND 1 0 100,000 0
FORESTAR GROUP INC COM 346233109 9,472 496,200 SH   SOLE 2, 3 496,200 0 0
FORESTAR GROUP INC COM 346233109 2,510 131,500 SH   DFND 1 0 131,500 0
FORESTAR GROUP INC NOTE 3.750% 3/0 346232AB7 13,880 12,800,000 PRN   SOLE 2, 3 12,800,000 0 0
FORESTAR GROUP INC NOTE 3.750% 3/0 346232AB7 4,527 4,175,000 PRN   DFND 1 0 4,175,000 0
FOX CHASE BANCORP INC NEW COM 35137T108 1,630 96,655 SH   SOLE 2, 3 96,655 0 0
FOX CHASE BANCORP INC NEW COM 35137T108 260 15,400 SH   DFND 1 0 15,400 0
FRANKLIN RES INC COM 354613101 22,419 387,607 SH   SOLE 2, 3 387,607 0 0
FRANKLIN RES INC COM 354613101 4,488 77,600 SH   DFND 1 0 77,600 0
FULLER H B CO COM 359694106 4,161 86,500 SH   SOLE 2, 3 86,500 0 0
FULLER H B CO COM 359694106 1,342 27,900 SH   DFND 1 0 27,900 0
GENERAL MLS INC COM 370334104 7,025 133,700 SH   SOLE 2 133,700 0 0
GENERAL MLS INC COM 370334104 2,396 45,600 SH   DFND 1 0 45,600 0
GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 8,699 2,338,400 SH   SOLE 2, 3 2,338,400 0 0
GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 2,787 749,200 SH   DFND 1 0 749,200 0
HAEMONETICS CORP COM 405024100 3,337 94,600 SH   SOLE 3 94,600 0 0
HCC INS HLDGS INC COM 404132102 489 10,000 SH   SOLE   10,000 0 0
HESS CORP COM 42809H107 53,875 544,800 SH   SOLE 2, 3 544,800 0 0
HESS CORP COM 42809H107 16,663 168,500 SH   DFND 1 0 168,500 0
HOLOGIC INC FRNT 2.000%12/1 436440AB7 11,258 8,975,000 PRN   SOLE 2, 3 8,975,000 0 0
HOLOGIC INC FRNT 2.000%12/1 436440AB7 3,042 2,425,000 PRN   DFND 1 0 2,425,000 0
HOME DEPOT INC COM 437076102 13,358 165,000 SH   SOLE 2, 3 165,000 0 0
HOME DEPOT INC COM 437076102 3,522 43,500 SH   DFND 1 0 43,500 0
HOMETRUST BANCSHARES INC COM 437872104 4,135 262,200 SH   SOLE 3 262,200 0 0
HORSEHEAD HLDG CORP NOTE 3.800% 7/0 440694AB3 1,539 1,125,000 PRN   SOLE 2, 3 1,125,000 0 0
HORSEHEAD HLDG CORP NOTE 3.800% 7/0 440694AB3 513 375,000 PRN   DFND 1 0 375,000 0
HOSPIRA INC COM 441060100 6,586 128,200 SH   SOLE 2, 3 128,200 0 0
HOSPIRA INC COM 441060100 2,491 48,500 SH   DFND 1 0 48,500 0
HOWARD HUGHES CORP COM 44267D107 900 5,700 SH   SOLE 3 5,700 0 0
HYATT HOTELS CORP COM CL A 448579102 9,791 160,565 SH   SOLE 2, 3 160,565 0 0
HYATT HOTELS CORP COM CL A 448579102 2,220 36,400 SH   DFND 1 0 36,400 0
ILLINOIS TOOL WKS INC COM 452308109 5,402 61,700 SH   SOLE 2 61,700 0 0
ILLINOIS TOOL WKS INC COM 452308109 3,809 43,500 SH   DFND 1 0 43,500 0
INFINITY PPTY & CAS CORP COM 45665Q103 4,732 70,392 SH   SOLE 3 70,392 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 2,909 15,400 SH   SOLE 2, 3 15,400 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 586 3,100 SH   DFND 1 0 3,100 0
INTEROIL CORP NOTE 2.750%11/1 460951AC0 3,810 3,775,000 PRN   SOLE 2, 3 3,775,000 0 0
INTEROIL CORP NOTE 2.750%11/1 460951AC0 1,136 1,125,000 PRN   DFND 1 0 1,125,000 0
INVACARE CORP COM 461203101 5,117 278,527 SH   SOLE 2, 3 278,527 0 0
INVACARE CORP COM 461203101 964 52,500 SH   DFND 1 0 52,500 0
INVESCO LTD SHS G491BT108 19,358 512,800 SH   SOLE 2, 3 512,800 0 0
INVESCO LTD SHS G491BT108 5,421 143,600 SH   DFND 1 0 143,600 0
J & J SNACK FOODS CORP COM 466032109 2,927 31,100 SH   SOLE 3 31,100 0 0
JACK IN THE BOX INC COM 466367109 1,113 18,600 SH   SOLE 3 18,600 0 0
JANUS CAP GROUP INC NOTE 0.750% 7/1 47102XAH8 8,376 6,437,000 PRN   SOLE 2, 3 6,437,000 0 0
JANUS CAP GROUP INC NOTE 0.750% 7/1 47102XAH8 2,350 1,806,000 PRN   DFND 1 0 1,806,000 0
JOHNSON & JOHNSON COM 478160104 27,777 265,500 SH   SOLE 2, 3 265,500 0 0
JOHNSON & JOHNSON COM 478160104 10,818 103,400 SH   DFND 1 0 103,400 0
JOHNSON OUTDOORS INC CL A 479167108 902 34,943 SH   SOLE 3 34,943 0 0
JPMORGAN CHASE & CO COM 46625H100 17,741 307,900 SH   SOLE 2 307,900 0 0
JPMORGAN CHASE & CO COM 46625H100 4,408 76,500 SH   DFND 1 0 76,500 0
KINROSS GOLD CORP COM NO PAR 496902404 2,676 646,400 SH   SOLE 2, 3 646,400 0 0
KINROSS GOLD CORP COM NO PAR 496902404 646 156,000 SH   DFND 1 0 156,000 0
LANCASTER COLONY CORP COM 513847103 10,382 109,100 SH   SOLE 2, 3 109,100 0 0
LANCASTER COLONY CORP COM 513847103 3,635 38,200 SH   DFND 1 0 38,200 0
LANDSTAR SYS INC COM 515098101 3,469 54,200 SH   SOLE 3 54,200 0 0
LEGG MASON INC COM 524901105 31,227 608,600 SH   SOLE 2, 3 608,600 0 0
LEGG MASON INC COM 524901105 8,220 160,200 SH   DFND 1 0 160,200 0
LEUCADIA NATL CORP COM 527288104 16,835 642,062 SH   SOLE 2, 3 642,062 0 0
LEUCADIA NATL CORP COM 527288104 2,748 104,800 SH   DFND 1 0 104,800 0
LILLY ELI & CO COM 532457108 3,513 56,500 SH   SOLE 2, 3 56,500 0 0
LILLY ELI & CO COM 532457108 1,933 31,100 SH   DFND 1 0 31,100 0
LOCKHEED MARTIN CORP COM 539830109 7,233 45,000 SH   SOLE 2 45,000 0 0
LOCKHEED MARTIN CORP COM 539830109 1,672 10,400 SH   DFND 1 0 10,400 0
LOEWS CORP COM 540424108 21,186 481,400 SH   SOLE 2, 3 481,400 0 0
LOEWS CORP COM 540424108 7,055 160,300 SH   DFND 1 0 160,300 0
LOUISIANA PAC CORP COM 546347105 819 54,500 SH   SOLE 2 54,500 0 0
LOUISIANA PAC CORP COM 546347105 50 3,300 SH   DFND 1 0 3,300 0
LOUISIANA PAC CORP COM 546347105 1,502 100,000 SH Call SOLE   100,000 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 714 27,000 SH   SOLE   27,000 0 0
MARSH & MCLENNAN COS INC COM 571748102 9,255 178,600 SH   SOLE 2 178,600 0 0
MARSH & MCLENNAN COS INC COM 571748102 2,420 46,700 SH   DFND 1 0 46,700 0
MAXIM INTEGRATED PRODS INC COM 57772K101 5,761 170,400 SH   SOLE 2, 3 170,400 0 0
MAXIM INTEGRATED PRODS INC COM 57772K101 2,654 78,500 SH   DFND 1 0 78,500 0
MCDONALDS CORP COM 580135101 11,746 116,600 SH   SOLE 2, 3 116,600 0 0
MCDONALDS CORP COM 580135101 4,281 42,500 SH   DFND 1 0 42,500 0
MERCK & CO INC NEW COM 58933Y105 27,724 479,248 SH   SOLE 2, 3 479,248 0 0
MERCK & CO INC NEW COM 58933Y105 11,258 194,600 SH   DFND 1 0 194,600 0
MERCURY GENL CORP NEW COM 589400100 183 3,900 SH   SOLE   3,900 0 0
METLIFE INC COM 59156R108 4,941 88,938 SH   SOLE 2, 3 88,938 0 0
METLIFE INC COM 59156R108 2,189 39,400 SH   DFND 1 0 39,400 0
METRO BANCORP INC PA COM 59161R101 1,038 44,880 SH   SOLE 3 44,880 0 0
MICROSOFT CORP COM 594918104 15,083 361,700 SH   SOLE 2, 3 361,700 0 0
MICROSOFT CORP COM 594918104 4,170 100,000 SH   DFND 1 0 100,000 0
MONDELEZ INTL INC CL A 609207105 2,569 68,300 SH   SOLE 2 68,300 0 0
MONDELEZ INTL INC CL A 609207105 1,817 48,300 SH   DFND 1 0 48,300 0
MONSTER BEVERAGE CORP COM 611740101 4,169 58,700 SH   SOLE 2, 3 58,700 0 0
MONSTER BEVERAGE CORP COM 611740101 796 11,200 SH   DFND 1 0 11,200 0
MONTPELIER RE HOLDINGS LTD SHS G62185106 505 15,800 SH   SOLE 2 15,800 0 0
MONTPELIER RE HOLDINGS LTD SHS G62185106 137 4,300 SH   DFND 1 0 4,300 0
MURPHY OIL CORP COM 626717102 20,835 313,400 SH   SOLE 2, 3 313,400 0 0
MURPHY OIL CORP COM 626717102 8,882 133,600 SH   DFND 1 0 133,600 0
NAVIGATORS GROUP INC COM 638904102 241 3,600 SH   SOLE   3,600 0 0
NETAPP INC COM 64110D104 6,040 165,400 SH   SOLE 2, 3 165,400 0 0
NETAPP INC COM 64110D104 1,501 41,100 SH   DFND 1 0 41,100 0
NEWMONT MINING CORP COM 651639106 16,974 667,200 SH   SOLE 2, 3 667,200 0 0
NEWMONT MINING CORP COM 651639106 4,483 176,200 SH   DFND 1 0 176,200 0
NEWMONT MINING CORP NOTE 1.625% 7/1 651639AJ5 16,996 16,100,000 PRN   SOLE 2, 3 16,100,000 0 0
NEWMONT MINING CORP NOTE 1.625% 7/1 651639AJ5 4,645 4,400,000 PRN   DFND 1 0 4,400,000 0
NOODLES & CO CL A 65540B105 172 5,000 SH   SOLE 3 5,000 0 0
NORTHROP GRUMMAN CORP COM 666807102 8,398 70,200 SH   SOLE 2, 3 70,200 0 0
NORTHROP GRUMMAN CORP COM 666807102 1,878 15,700 SH   DFND 1 0 15,700 0
NRG ENERGY INC COM NEW 629377508 17,135 460,614 SH   SOLE 2, 3 460,614 0 0
NRG ENERGY INC COM NEW 629377508 5,281 141,974 SH   DFND 1 0 141,974 0
OCEAN SHORE HLDG CO NEW COM 67501R103 738 50,395 SH   SOLE 3 50,395 0 0
OCEANFIRST FINL CORP COM 675234108 3,203 193,400 SH   SOLE 3 193,400 0 0
ORITANI FINL CORP DEL COM 68633D103 9,592 623,276 SH   SOLE 2, 3 623,276 0 0
ORITANI FINL CORP DEL COM 68633D103 2,033 132,100 SH   DFND 1 0 132,100 0
PACWEST BANCORP DEL COM 695263103 4,511 104,500 SH   SOLE 2, 3 104,500 0 0
PACWEST BANCORP DEL COM 695263103 1,830 42,400 SH   DFND 1 0 42,400 0
PARKWAY PPTYS INC COM 70159Q104 7,874 381,297 SH   SOLE 2, 3 381,297 0 0
PARKWAY PPTYS INC COM 70159Q104 1,187 57,500 SH   DFND 1 0 57,500 0
PATTERSON COMPANIES INC COM 703395103 10,518 266,200 SH   SOLE 2, 3 266,200 0 0
PATTERSON COMPANIES INC COM 703395103 2,027 51,300 SH   DFND 1 0 51,300 0
PAYCHEX INC COM 704326107 11,766 283,100 SH   SOLE 2, 3 283,100 0 0
PAYCHEX INC COM 704326107 4,168 100,300 SH   DFND 1 0 100,300 0
PEOPLES FED BANCSHARES INC COM 711037101 1,908 103,380 SH   SOLE 3 103,380 0 0
PEPSICO INC COM 713448108 14,446 161,700 SH   SOLE 2, 3 161,700 0 0
PEPSICO INC COM 713448108 4,262 47,700 SH   DFND 1 0 47,700 0
PERMIAN BASIN RTY TR UNIT BEN INT 714236106 1,568 110,000 SH   SOLE   110,000 0 0
PFIZER INC COM 717081103 5,434 183,100 SH   SOLE 2, 3 183,100 0 0
PFIZER INC COM 717081103 1,650 55,600 SH   DFND 1 0 55,600 0
PHH CORP COM NEW 693320202 21,877 952,000 SH   SOLE 2, 3 952,000 0 0
PHH CORP COM NEW 693320202 7,997 348,000 SH   DFND 1 0 348,000 0
PHH CORP NOTE 4.000% 9/0 693320AN3 12,462 12,400,000 PRN   SOLE 2, 3 12,400,000 0 0
PHH CORP NOTE 4.000% 9/0 693320AN3 3,116 3,100,000 PRN   DFND 1 0 3,100,000 0
PICO HLDGS INC COM NEW 693366205 2,143 90,200 SH   SOLE 3 90,200 0 0
PLATINUM UNDERWRITER HLDGS L COM G7127P100 8,982 138,506 SH   SOLE 2, 3 138,506 0 0
PLATINUM UNDERWRITER HLDGS L COM G7127P100 259 4,000 SH   DFND 1 0 4,000 0
PNC FINL SVCS GROUP INC COM 693475105 14,809 166,300 SH   SOLE 2 166,300 0 0
PNC FINL SVCS GROUP INC COM 693475105 4,043 45,400 SH   DFND 1 0 45,400 0
POST PPTYS INC COM 737464107 21,502 402,200 SH   SOLE 2, 3 402,200 0 0
POST PPTYS INC COM 737464107 7,864 147,100 SH   DFND 1 0 147,100 0
PPL CORP COM 69351T106 2,665 75,000 SH Call SOLE   75,000 0 0
PROASSURANCE CORP COM 74267C106 7,184 161,800 SH   SOLE   161,800 0 0
PROCTER & GAMBLE CO COM 742718109 14,869 189,196 SH   SOLE 2 189,196 0 0
PROCTER & GAMBLE CO COM 742718109 5,548 70,600 SH   DFND 1 0 70,600 0
PROGRESSIVE CORP OHIO COM 743315103 6,337 249,900 SH   SOLE 3 249,900 0 0
PSB HLDGS INC COM 69360W108 338 50,381 SH   SOLE   50,381 0 0
PUBLIC SVC ENTERPRISE GROUP COM 744573106 14,843 363,900 SH   SOLE 2, 3 363,900 0 0
PUBLIC SVC ENTERPRISE GROUP COM 744573106 4,552 111,600 SH   DFND 1 0 111,600 0
RTI INTL METALS INC NOTE 1.625%10/1 74973WAB3 20,477 20,400,000 PRN   SOLE 2, 3 20,400,000 0 0
RTI INTL METALS INC NOTE 1.625%10/1 74973WAB3 5,621 5,600,000 PRN   DFND 1 0 5,600,000 0
RTI INTL METALS INC NOTE 3.000%12/0 74973WAA5 285 275,000 PRN   SOLE 2 275,000 0 0
RTI INTL METALS INC NOTE 3.000%12/0 74973WAA5 363 350,000 PRN   DFND 1 0 350,000 0
SAFETY INS GROUP INC COM 78648T100 2,317 45,100 SH   SOLE   45,100 0 0
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 1,929 100,000 SH   SOLE   100,000 0 0
SANOFI SPONSORED ADR 80105N105 16,499 310,300 SH   SOLE 2, 3 310,300 0 0
SANOFI SPONSORED ADR 80105N105 6,657 125,200 SH   DFND 1 0 125,200 0
SCIENCE APPLICATNS INTL CP N COM 808625107 6,107 138,300 SH   SOLE 2 138,300 0 0
SCIENCE APPLICATNS INTL CP N COM 808625107 371 8,400 SH   DFND 1 0 8,400 0
SERVISFIRST BANCSHARES INC COM 81768T108 1,556 18,000 SH   SOLE 3 18,000 0 0
SI FINL GROUP INC MD COM 78425V104 650 56,500 SH   SOLE 3 56,500 0 0
SIBANYE GOLD LTD SPONSORED ADR 825724206 2,954 267,775 SH   SOLE 2, 3 267,775 0 0
SIBANYE GOLD LTD SPONSORED ADR 825724206 915 82,975 SH   DFND 1 0 82,975 0
SILGAN HOLDINGS INC COM 827048109 7,166 141,000 SH   SOLE 2, 3 141,000 0 0
SILGAN HOLDINGS INC COM 827048109 2,511 49,400 SH   DFND 1 0 49,400 0
SPDR GOLD TRUST GOLD SHS 78463V107 1,729 13,500 SH   SOLE 2, 3 13,500 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 410 3,200 SH   DFND 1 0 3,200 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 21,020 107,400 SH   SOLE   107,400 0 0
STATE AUTO FINL CORP COM 855707105 15,501 661,600 SH   SOLE 2, 3 661,600 0 0
STATE AUTO FINL CORP COM 855707105 5,450 232,600 SH   DFND 1 0 232,600 0
STATE STR CORP COM 857477103 4,264 63,400 SH   SOLE   63,400 0 0
SUN BANCORP INC COM 86663B102 60 15,000 SH   SOLE   15,000 0 0
SUNCOR ENERGY INC NEW COM 867224107 4,472 104,900 SH   SOLE 2 104,900 0 0
SUNCOR ENERGY INC NEW COM 867224107 3,027 71,000 SH   DFND 1 0 71,000 0
SYMETRA FINL CORP COM 87151Q106 43,713 1,922,300 SH   SOLE   1,922,300 0 0
SYNOPSYS INC COM 871607107 936 24,100 SH   SOLE 3 24,100 0 0
SYSCO CORP COM 871829107 4,116 109,900 SH   SOLE 2, 3 109,900 0 0
SYSCO CORP COM 871829107 1,738 46,400 SH   DFND 1 0 46,400 0
TALISMAN ENERGY INC COM 87425E103 20,195 1,905,200 SH   SOLE 2, 3 1,905,200 0 0
TALISMAN ENERGY INC COM 87425E103 7,866 742,100 SH   DFND 1 0 742,100 0
TECO ENERGY INC COM 872375100 6,235 337,400 SH   SOLE 2, 3 337,400 0 0
TECO ENERGY INC COM 872375100 1,630 88,200 SH   DFND 1 0 88,200 0
TELEPHONE & DATA SYS INC COM NEW 879433829 15,619 598,200 SH   SOLE 2, 3 598,200 0 0
TELEPHONE & DATA SYS INC COM NEW 879433829 5,802 222,200 SH   DFND 1 0 222,200 0
THIRD PT REINS LTD COM G8827U100 435 28,500 SH   SOLE   28,500 0 0
TOOTSIE ROLL INDS INC COM 890516107 16,082 546,260 SH   SOLE 2, 3 546,260 0 0
TOOTSIE ROLL INDS INC COM 890516107 4,901 166,476 SH   DFND 1 0 166,476 0
TRANSALTA CORP COM 89346D107 747 60,900 SH   SOLE 2, 3 60,900 0 0
TRANSALTA CORP COM 89346D107 234 19,100 SH   DFND 1 0 19,100 0
TYCO INTERNATIONAL LTD SHS H89128104 6,735 147,700 SH   SOLE 2, 3 147,700 0 0
TYCO INTERNATIONAL LTD SHS H89128104 3,443 75,500 SH   DFND 1 0 75,500 0
UIL HLDG CORP COM 902748102 2,001 51,700 SH   SOLE 3 51,700 0 0
UNITED FINL BANCORP INC NEW COM 910304104 3,895 287,490 SH   SOLE 2, 3 287,490 0 0
UNITED FINL BANCORP INC NEW COM 910304104 1,462 107,867 SH   DFND 1 0 107,867 0
UNITED STATES LIME & MINERAL COM 911922102 1,113 17,172 SH   SOLE 3 17,172 0 0
US BANCORP DEL COM NEW 902973304 5,463 126,100 SH   SOLE 2 126,100 0 0
US BANCORP DEL COM NEW 902973304 1,295 29,900 SH   DFND 1 0 29,900 0
VERIFONE SYS INC COM 92342Y109 257 7,000 SH   SOLE 3 7,000 0 0
VERISIGN INC COM 92343E102 7,273 149,000 SH   SOLE 2, 3 149,000 0 0
VERISIGN INC COM 92343E102 2,118 43,400 SH   DFND 1 0 43,400 0
WALGREEN CO COM 931422109 11,149 150,400 SH   SOLE 2, 3 150,400 0 0
WALGREEN CO COM 931422109 4,603 62,100 SH   DFND 1 0 62,100 0
WAL-MART STORES INC COM 931142103 34,832 464,000 SH   SOLE 2, 3 464,000 0 0
WAL-MART STORES INC COM 931142103 11,516 153,400 SH   DFND 1 0 153,400 0
WASHINGTON TR BANCORP COM 940610108 890 24,200 SH   SOLE 3 24,200 0 0
WATERSTONE FINL INC MD COM 94188P101 2,530 221,700 SH   SOLE 3 221,700 0 0
WELLPOINT INC COM 94973V107 10,761 100,000 SH   SOLE 2, 3 100,000 0 0
WELLPOINT INC COM 94973V107 2,486 23,100 SH   DFND 1 0 23,100 0
WESTFIELD FINANCIAL INC NEW COM 96008P104 1,445 193,700 SH   SOLE 3 193,700 0 0
WHITE MTNS INS GROUP LTD COM G9618E107 30,422 50,000 SH   SOLE   50,000 0 0
WILLIAMS CLAYTON ENERGY INC COM 969490101 16,141 117,500 SH   SOLE 2, 3 117,500 0 0
WILLIAMS CLAYTON ENERGY INC COM 969490101 6,072 44,200 SH   DFND 1 0 44,200 0
WPX ENERGY INC COM 98212B103 5,492 229,700 SH   SOLE 2, 3 229,700 0 0
WPX ENERGY INC COM 98212B103 1,999 83,600 SH   DFND 1 0 83,600 0
XEROX CORP COM 984121103 5,219 419,500 SH   SOLE 2, 3 419,500 0 0
XEROX CORP COM 984121103 2,013 161,800 SH   DFND 1 0 161,800 0
XILINX INC COM 983919101 6,510 137,600 SH   SOLE 2, 3 137,600 0 0
XILINX INC COM 983919101 1,424 30,100 SH   DFND 1 0 30,100 0
XL GROUP PLC SHS G98290102 18,810 574,700 SH   SOLE 2, 3 574,700 0 0
XL GROUP PLC SHS G98290102 1,470 44,900 SH   DFND 1 0 44,900 0
XYLEM INC COM 98419M100 2,231 57,100 SH   SOLE 3 2,231 0 0