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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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
BARNES & NOBLE ED INC COM 06777U101 89,031 8,771,492 SH   SOLE   8,771,492 0 0
BARNES & NOBLE INC COM 067774109 118,253 10,418,774 SH   SOLE   10,418,774 0 0
CLEAR CHANNEL OUTDOOR HLDGS CL A 18451C109 20,864 3,354,390 SH   SOLE   3,354,390 0 0
FRANKLIN RES INC COM 354613101 265,125 7,945,023 SH   SOLE   7,945,023 0 0
GLOBAL EAGLE ENTMT INC COM 37951D102 33,200 5,000,000 SH   SOLE   5,000,000 0 0
KERYX BIOPHARMACEUTICALS INC COM 492515101 37,861 5,719,176 SH   SOLE   5,719,176 0 0
MANITOWOC FOODSERVICE INC COM 563568104 198,319 11,255,323 SH   SOLE   11,255,323 0 0
MICROSOFT CORP COM 594918104 254,827 4,980,000 SH   SOLE   4,980,000 0 0
MONEYGRAM INTL INC COM NEW 60935Y208 35,141 5,130,000 SH   SOLE   5,130,000 0 0
NORTHSTAR ASSET MGMT GROUP I COM 66705Y104 111,372 10,908,145 SH   SOLE   10,908,145 0 0
NORTHSTAR RLTY FIN CORP COM 66704R803 37,486 3,279,651 SH   SOLE   3,279,651 0 0
OCH ZIFF CAP MGMT GROUP CL A 67551U105 58,460 15,384,269 SH   SOLE   15,384,269 0 0
OPUS BK IRVINE CALIF COM 684000102 35,572 1,052,433 SH   SOLE   1,052,433 0 0
TICC CAPITAL CORP COM 87244T109 311 59,105 SH   SOLE   59,105 0 0
VIMPELCOM LTD SPONSORED ADR 92719A106 72,831 18,770,950 SH   SOLE   18,770,950 0 0
WELLS FARGO & CO NEW COM 949746101 131,104 2,770,000 SH   SOLE   2,770,000 0 0
WESTERN UN CO COM 959802109 414,455 21,608,707 SH   SOLE   21,608,707 0 0