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
ADCARE HEALTH SYSTEMS INC COM NEW 00650W300 1,200 300,000 SH   SOLE   300,000 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 1,559 15,000 SH   SOLE   15,000 0 0
APPLE INC COM 037833100 48,552 439,860 SH   SOLE   439,860 0 0
ARES CAP CORP COM 04010L103 613 39,291 SH   SOLE   39,291 0 0
ASBURY AUTOMOTIVE GROUP INC COM 043436104 70,767 932,131 SH   SOLE   932,131 0 0
ASSURED GUARANTY LTD COM G0585R106 90,381 3,477,395 SH   SOLE   3,477,395 0 0
ASSURED GUARANTY LTD COM G0585R106 7,818 300,800 SH Call SOLE   300,800 0 0
ATLAS AIR WORLDWIDE HLDGS IN COM NEW 049164205 372 44,301 SH   SOLE   44,301 0 0
AUTONATION INC COM 05329W102 1,087 18,000 SH   SOLE   18,000 0 0
AUXILIUM PHARMACEUTICALS INC COM 05334D107 6,885 200,230 SH   SOLE   200,230 0 0
BAIDU INC SPON ADR REP A 056752108 33,238 145,800 SH   SOLE   145,800 0 0
BANK MONTREAL QUE COM 063671101 9,603 135,766 SH   SOLE   135,766 0 0
BANK AMER CORP COM 060505104 7,201 402,500 SH   SOLE   402,500 0 0
BIOMARIN PHARMACEUTICAL INC COM 09061G101 137,597 1,522,087 SH   SOLE   1,522,087 0 0
BIOMARIN PHARMACEUTICAL INC COM 09061G101 11,336 125,400 SH Call SOLE   125,400 0 0
BIOMARIN PHARMACEUTICAL INC NOTE 1.875% 4/2 09061GAD3 35,720 8,000,000 PRN   SOLE   8,000,000 0 0
CAPITOL FED FINL INC COM 14057J101 5,278 413,000 SH   SOLE   413,000 0 0
CENTURY CMNTYS INC COM 156504300 1,227 71,000 SH   SOLE   71,000 0 0
CITIGROUP INC COM NEW 172967424 616 11,390 SH   SOLE   11,390 0 0
COMMSCOPE HLDG CO INC COM 20337X109 26,480 1,159,891 SH   SOLE   1,159,891 0 0
CONTROLADORA VUELA CIA DE AV SPON ADR RP 10 21240E105 1,804 200,000 SH   SOLE   200,000 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 38,585 784,400 SH   SOLE   784,400 0 0
DONNELLEY R R & SONS CO COM 257867101 3,601 214,260 SH   SOLE   214,260 0 0
DORIAN LPG LTD SHS USD Y2106R110 32,682 2,352,916 SH   SOLE   2,352,916 0 0
DYNAVAX TECHNOLOGIES CORP COM 268158102 36,711 2,177,409 SH   SOLE   2,177,409 0 0
DYNAVAX TECHNOLOGIES CORP COM 268158102 5,098 302,400 SH Call SOLE   302,400 0 0
ENDURANCE INTL GROUP HLDGS I COM 29272B105 48,173 2,613,820 SH   SOLE   2,613,820 0 0
ERA GROUP INC COM 26885G109 16,100 761,213 SH   SOLE   761,213 0 0
EXELIXIS INC COM 30161Q104 125 87,000 SH   SOLE   87,000 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 52,933 625,164 SH   SOLE   625,164 0 0
FACEBOOK INC CL A 30303M102 74,938 960,500 SH   SOLE   960,500 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303 2,475 71,855 SH   SOLE   71,855 0 0
FIDELITY NATIONAL FINANCIAL FNFV GROUP COM 31620R402 377 23,948 SH   SOLE   23,948 0 0
FIRST SOLAR INC COM 336433107 10,056 225,500 SH   SOLE   225,500 0 0
FIRST SOLAR INC COM 336433107 22,746 510,000 SH Call SOLE   510,000 0 0
GILEAD SCIENCES INC COM 375558103 377 4,000 SH   SOLE   4,000 0 0
GOOGLE INC CL A 38259P508 25,528 48,106 SH   SOLE   48,106 0 0
GOOGLE INC CL C 38259P706 6,149 11,682 SH   SOLE   11,682 0 0
GRUPO TELEVISA SA SPON ADR REP ORD 40049J206 3,065 90,000 SH   SOLE   90,000 0 0
HALLIBURTON CO COM 406216101 16,125 410,000 SH Call SOLE   410,000 0 0
HDFC BANK LTD ADR REPS 3 SHS 40415F101 2,538 50,000 SH   SOLE   50,000 0 0
HSBC HLDGS PLC SPON ADR NEW 404280406 3,644 77,150 SH   SOLE   77,150 0 0
HYPERION THERAPEUTICS INC COM 44915N101 480 20,000 SH   SOLE   20,000 0 0
ICICI BK LTD ADR 45104G104 41,095 3,558,000 SH   SOLE   3,558,000 0 0
ICICI BK LTD ADR 45104G104 47,702 4,130,000 SH Call SOLE   4,130,000 0 0
INDEPENDENCE HLDG CO NEW COM NEW 453440307 10,126 725,861 SH   SOLE   725,861 0 0
INVACARE CORP COM 461203101 2,950 176,000 SH   SOLE   176,000 0 0
INVESTORS BANCORP INC NEW COM 46146L101 33,782 3,009,500 SH   SOLE   3,009,500 0 0
JPMORGAN CHASE & CO COM 46625H100 1,896 30,292 SH   SOLE   30,292 0 0
KEURIG GREEN MTN INC COM 49271M100 13,901 105,000 SH   SOLE   105,000 0 0
KYTHERA BIOPHARMACEUTICALS I COM 501570105 2,792 80,500 SH   SOLE   80,500 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 2,975 59,251 SH   SOLE   59,251 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 86,013 1,780,445 SH   SOLE   1,780,445 0 0
LIBERTY INTERACTIVE CORP LBT VENT COM A 53071M880 16,974 450,000 SH   SOLE   450,000 0 0
LIBERTY INTERACTIVE CORP LBT VENT COM A 53071M880 6,325 215,000 SH Call SOLE   215,000 0 0
LIBERTY TRIPADVISOR HLDGS IN COM SER A 531465102 1,614 60,000 SH   SOLE   60,000 0 0
MACYS INC COM 55616P104 22,653 344,528 SH   SOLE   344,528 0 0
MASTERCARD INC CL A 57636Q104 25,535 296,370 SH   SOLE   296,370 0 0
MBIA INC COM 55262C100 3,214 336,845 SH   SOLE   336,845 0 0
MCGRAW HILL FINL INC COM 580645109 890 10,000 SH   SOLE   10,000 0 0
MERCK & CO INC NEW COM 58933Y105 15,299 269,400 SH   SOLE   269,400 0 0
MERIDIAN BANCORP INC MD COM 58958U103 6,867 612,000 SH   SOLE   612,000 0 0
MGP INGREDIENTS INC NEW COM 55303J106 6,656 419,687 SH   SOLE   419,687 0 0
MICROSTRATEGY INC CL A NEW 594972408 3,768 23,200 SH   SOLE   23,200 0 0
MODEL N INC COM 607525102 6,574 619,000 SH   SOLE   619,000 0 0
MONSANTO CO NEW COM 61166W101 7,138 60,000 SH Call SOLE   60,000 0 0
MOODYS CORP COM 615369105 814 8,500 SH   SOLE   8,500 0 0
NATIONAL OILWELL VARCO INC COM 637071101 23,799 363,180 SH   SOLE   363,180 0 0
NATIONAL OILWELL VARCO INC COM 637071101 13,106 200,000 SH Call SOLE   200,000 0 0
NAVIENT CORP COM 63938C108 3,863 178,771 SH   SOLE   178,771 0 0
NMI HLDGS INC CL A 629209305 43,305 4,743,165 SH   SOLE   4,743,165 0 0
NORCRAFT COS INC COM 65557Y105 22,660 1,174,109 SH   SOLE   1,174,109 0 0
OIL STS INTL INC COM 678026105 15,785 322,800 SH   SOLE   322,800 0 0
OIL STS INTL INC COM 678026105 8,802 180,000 SH Put SOLE   180,000 0 0
PENFORD CORP COM 707051108 22,698 1,214,423 SH   SOLE   1,214,423 0 0
PENNSYLVANIA RL ESTATE INVT SH BEN INT 709102107 5,279 225,000 SH   SOLE   225,000 0 0
PLATFORM SPECIALTY PRODS COR COM 72766Q105 62,512 2,692,166 SH   SOLE   2,692,166 0 0
QUALCOMM INC COM 747525103 10,691 143,825 SH   SOLE   143,825 0 0
QUANTUM CORP COM DSSG 747906204 9,458 5,373,667 SH   SOLE   5,373,667 0 0
REALOGY HLDGS CORP COM 75605Y106 19,576 440,000 SH   SOLE   440,000 0 0
RETROPHIN INC COM 761299106 8,654 707,000 SH   SOLE   707,000 0 0
SANOFI SPONSORED ADR 80105N105 52,957 1,161,090 SH   SOLE   1,161,090 0 0
SEACOR HOLDINGS INC COM 811904101 32,374 438,619 SH   SOLE   438,619 0 0
SEALED AIR CORP NEW COM 81211K100 12,355 291,175 SH   SOLE   291,175 0 0
SERVICE CORP INTL COM 817565104 4,697 206,900 SH   SOLE   206,900 0 0
SLM CORP COM 78442P106 1,822 178,771 SH   SOLE   178,771 0 0
STANDARD PAC CORP NEW COM 85375C101 26,441 3,627,069 SH   SOLE   3,627,069 0 0
STURM RUGER & CO INC COM 864159108 1,434 41,400 SH   SOLE   41,400 0 0
TESSERA TECHNOLOGIES INC COM 88164L100 36,763 1,028,062 SH   SOLE   1,028,062 0 0
TFS FINL CORP COM 87240R107 37,953 2,549,751 SH   SOLE   2,549,751 0 0
THORATEC CORP COM NEW 885175307 3,360 103,500 SH   SOLE   103,500 0 0
TRANSOCEAN LTD REG SHS H8817H100 1,572 85,782 SH   SOLE   85,782 0 0
TWENTY FIRST CENTY FOX INC CL A 90130A101 1,344 35,000 SH   SOLE   35,000 0 0
UNITED THERAPEUTICS CORP DEL COM 91307C102 140,683 1,086,439 SH   SOLE   1,086,439 0 0
UROPLASTY INC COM NEW 917277204 2,163 1,050,000 SH   SOLE   1,050,000 0 0
VERINT SYS INC COM 92343X100 43,629 748,616 SH   SOLE   748,616 0 0
VISA INC COM CL A 92826C839 38,299 146,068 SH   SOLE   146,068 0 0
VOLCANO CORPORATION COM 928645100 2,861 160,000 SH   SOLE   160,000 0 0
VOLCANO CORPORATION NOTE 1.750%12/0 928645AB6 996 1,000,000 PRN   SOLE   1,000,000 0 0
VULCAN MATLS CO COM 929160109 76,115 1,158,000 SH   SOLE   1,158,000 0 0
VULCAN MATLS CO COM 929160109 37,137 565,000 SH Call SOLE   565,000 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 43,014 564,484 SH   SOLE   564,484 0 0
WL ROSS HLDG CORP UNIT 99/99/9999 92939D203 28,675 2,500,000 SH   SOLE   2,500,000 0 0
YAHOO INC COM 984332106 1,515 30,000 SH   SOLE   30,000 0 0
YRC WORLDWIDE INC COM PAR $.01 984249607 53,922 2,397,578 SH   SOLE   2,397,578 0 0