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
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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
ALEXANDERS INC COM 014752109 9,460 26,206 SH   SOLE   26,206 0 0
AMERICAN CAP LTD COM 02503Y103 29,300 1,855,000 SH   SOLE   1,855,000 0 0
ANADARKO PETE CORP COM 032511107 67,808 800,000 SH   SOLE   800,000 0 0
ANADARKO PETE CORP COM 032511107 33,904 400,000 SH Call SOLE   400,000 0 0
ANADARKO PETE CORP COM 032511107 158,077 1,865,000 SH Put SOLE   1,865,000 0 0
APPLE INC COM 037833100 82,604 153,900 SH Call SOLE   153,900 0 0
ARMSTRONG WORLD INDS INC NEW COM 04247X102 31,844 598,000 SH   SOLE   598,000 0 0
BHP BILLITON LTD SPONSORED ADR 088606108 7,230 106,686 SH   SOLE   106,686 0 0
BLACKROCK MUNIHLDS INVSTM QL COM 09254P108 270 20,178 SH   SOLE   20,178 0 0
BP PLC SPONSORED ADR 055622104 67,100 1,395,000 SH Call SOLE   1,395,000 0 0
CBS CORP NEW CL A 124857103 106,325 1,717,973 SH   SOLE   1,717,973 0 0
CF INDS HLDGS INC COM 125269100 37,376 143,400 SH   SOLE   143,400 0 0
CF INDS HLDGS INC COM 125269100 44,830 172,000 SH Put SOLE   172,000 0 0
CHARTER FINL CORP MD COM 16122W108 3,286 303,979 SH   SOLE   303,979 0 0
CHESAPEAKE ENERGY CORP NOTE 2.500% 5/1 165167BZ9 45,735 45,000,000 PRN   SOLE   45,000,000 0 0
CHICOPEE BANCORP INC COM 168565109 2,117 119,600 SH   SOLE   119,600 0 0
CHIMERA INVT CORP COM 16934Q109 8,108 2,649,700 SH   SOLE   2,649,700 0 0
CIT GROUP INC COM NEW 125581801 50,589 1,032,000 SH   SOLE   1,032,000 0 0
CLIFTON SVGS BANCORP INC COM 18712Q103 1,172 100,000 SH   SOLE   100,000 0 0
COLONIAL FINL SVCS INC COM 19566B101 885 80,000 SH   SOLE   80,000 0 0
COMVERSE INC COM 20585P105 13,486 390,000 SH   SOLE   390,000 0 0
CROWN HOLDINGS INC COM 228368106 33,555 750,000 SH   SOLE   750,000 0 0
ENERGY XXI BERMUDA LTD USD UNRS SHS G10082140 34,177 1,450,000 SH   SOLE   1,450,000 0 0
FAIRPOINT COMMUNICATIONS INC COM NEW 305560302 7,412 545,000 SH   SOLE   545,000 0 0
FEDFIRST FINL CORP NEW COM 31429C101 1,206 60,000 SH   SOLE   60,000 0 0
FIRST CONN BANCORP INC MD COM 319850103 1,996 127,436 SH   SOLE   127,436 0 0
FOREST CITY ENTERPRISES INC CL A 345550107 27,179 1,423,000 SH   SOLE   1,423,000 0 0
HARVEST NATURAL RESOURCES IN COM 41754V103 7,144 1,900,000 SH   SOLE   1,900,000 0 0
HUBBELL INC CL A 443510102 25,842 232,410 SH   SOLE   232,410 0 0
INVESCO MUN OPPORTUNITY TR COM 46132C107 975 79,953 SH   SOLE   79,953 0 0
INVESCO MUN TR COM 46131J103 974 80,534 SH   SOLE   80,534 0 0
INVESCO QUALITY MUNI INC TRS COM 46133G107 1,821 154,163 SH   SOLE   154,163 0 0
INVESCO TR INVT GRADE MUNS COM 46131M106 2,131 166,498 SH   SOLE   166,498 0 0
INVESCO VALUE MUN INCOME TR COM 46132P108 705 48,962 SH   SOLE   48,962 0 0
JOURNAL COMMUNICATIONS INC CL A 481130102 6,263 706,941 SH   SOLE   706,941 0 0
KINDER MORGAN INC DEL *W EXP 05/25/201 49456B119 2,213 1,250,000 SH   SOLE   1,250,000 0 0
LIBERTY MEDIA CORP DELAWARE CL A 531229102 22,309 170,647 SH   SOLE   170,647 0 0
MCDERMOTT INTL INC COM 580037109 10,166 1,300,000 SH   SOLE   1,300,000 0 0
MERCK & CO INC NEW COM 58933Y105 38,320 675,000 SH Call SOLE   675,000 0 0
MICROSOFT CORP COM 594918104 223,805 5,460,000 SH Call SOLE   5,460,000 0 0
MURPHY USA INC COM 626755102 14,207 350,000 SH   SOLE   350,000 0 0
NEW RESIDENTIAL INVT CORP COM 64828T102 10,047 1,552,900 SH   SOLE   1,552,900 0 0
NEWS CORP NEW CL A 65249B109 11,365 660,000 SH   SOLE   660,000 0 0
NEWS CORP NEW CL B 65249B208 20,721 1,240,800 SH   SOLE   1,240,800 0 0
NUANCE COMMUNICATIONS INC DBCV 2.750% 8/1 67020YAB6 12,803 12,000,000 PRN   SOLE   12,000,000 0 0
NUVEEN AMT-FREE MUN INCOME F COM 670657105 194 15,003 SH   SOLE   15,003 0 0
NUVEEN DIVID ADVANTAGE MUN F COM 67066V101 638 47,614 SH   SOLE   47,614 0 0
NUVEEN INTER DURATION MN TMF COM 670671106 2,160 180,603 SH   SOLE   180,603 0 0
NUVEEN INVT QUALITY MUN FD I COM 67062E103 463 32,811 SH   SOLE   32,811 0 0
NUVEEN MUN ADVANTAGE FD INC COM 67062H106 1,940 149,476 SH   SOLE   149,476 0 0
NUVEEN MUN MKT OPPORTUNITY F COM 67062W103 1,663 130,311 SH   SOLE   130,311 0 0
NUVEEN PREM INCOME MUN FD COM 67062T100 562 42,900 SH   SOLE   42,900 0 0
NUVEEN PREM INCOME MUN FD 2 COM 67063W102 729 54,421 SH   SOLE   54,421 0 0
NUVEEN QUALITY INCOME MUN FD COM 670977107 1,048 78,877 SH   SOLE   78,877 0 0
NUVEEN SELECT QUALITY MUN FD COM 670973106 811 61,252 SH   SOLE   61,252 0 0
OBA FINL SVCS INC COM 67424G101 1,481 81,023 SH   SOLE   81,023 0 0
OCEAN SHORE HLDG CO NEW COM 67501R103 2,275 160,000 SH   SOLE   160,000 0 0
PAIN THERAPEUTICS INC COM 69562K100 4,069 739,811 SH   SOLE   739,811 0 0
PEOPLES FED BANCSHARES INC COM 711037101 2,101 117,400 SH   SOLE   117,400 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 18,239 1,315,000 SH   SOLE   1,315,000 0 0
PG&E CORP COM 69331C108 5,925 137,160 SH   SOLE   137,160 0 0
ROCKVILLE FINL INC NEW COM 774188106 2,814 207,100 SH   SOLE   207,100 0 0
SANOFI RIGHT 12/31/2020 80105N113 2,399 7,500,000 SH   SOLE   7,500,000 0 0
SI FINL GROUP INC MD COM 78425V104 3,381 300,000 SH   SOLE   300,000 0 0
SIMON PPTY GROUP INC NEW COM 828806109 33,620 205,000 SH   SOLE   205,000 0 0
SLM CORP COM 78442P106 39,658 1,620,000 SH   SOLE   1,620,000 0 0
TFS FINL CORP COM 87240R107 13,487 1,085,000 SH   SOLE   1,085,000 0 0
TURQUOISE HILL RES LTD COM 900435108 9,088 2,729,228 SH   SOLE   2,729,228 0 0
UNITED FINANCIAL BANCORP INC COM 91030T109 2,492 135,519 SH   SOLE   135,519 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 88,005 1,850,000 SH   SOLE   1,850,000 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 73,734 1,550,000 SH Call SOLE   1,550,000 0 0
WESTFIELD FINANCIAL INC NEW COM 96008P104 2,090 280,600 SH   SOLE   280,600 0 0