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
ALTISOURCE PORTFOLIO SOLNS S REG SHS L0175J104 1,253 10,300 SH   OTR   0 10,300 0
AMERICAN INTL GROUP INC COM NEW 026874784 3,897 77,932 SH   OTR   0 77,932 0
ARCHER DANIELS MIDLAND CO COM 039483102 5,313 122,443 SH   OTR   0 122,443 0
ARGO GROUP INTL HLDGS LTD COM G0464B107 745 16,250 SH   OTR   0 16,250 0
AVAGO TECHNOLOGIES LTD SHS Y0486S104 789 12,245 SH   OTR   0 12,245 0
BALTIC TRADING LIMITED COM Y0553W103 289 45,730 SH   OTR   0 45,730 0
CHECK POINT SOFTWARE TECH LT ORD M22465104 925 13,674 SH   OTR   0 13,674 0
DCT INDUSTRIAL TRUST INC COM 233153105 1,675 212,532 SH   OTR   0 212,532 0
DEUTSCHE BANK AG NAMEN AKT D18190898 4,483 100,000 SH Call OTR   0 100,000 0
DHT HOLDINGS INC SHS NEW Y2065G121 1,137 146,127 SH   OTR   0 146,127 0
DOW CHEM CO COM 260543103 1,677 34,518 SH   OTR   0 34,518 0
DRYSHIPS INC SHS Y2109Q101 81 25,000 SH   OTR   0 25,000 0
EATON CORP PLC SHS G29183103 1,691 22,508 SH   OTR   0 22,508 0
ENDO INTL PLC SHS G30401106 2,288 33,333 SH   OTR   0 33,333 0
FREESCALE SEMICONDUCTOR LTD SHS G3727Q101 465 19,045 SH   OTR   0 19,045 0
INVESCO LTD SHS G491BT108 7,017 189,651 SH   OTR   0 189,651 0
ISHARES MSCI MALAYSI ETF 464286830 939 60,000 SH   OTR   0 60,000 0
ISHARES U.S. REAL ES ETF 464287739 10,452 154,461 SH   OTR   0 154,461 0
JAZZ PHARMACEUTICALS PLC SHS USD G50871105 1,387 10,000 SH   OTR   0 10,000 0
KOFAX LTD COM USD G5307C105 1,700 196,088 SH   OTR   0 196,088 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 708 30,000 SH   OTR   0 30,000 0
MARKET VECTORS ETF TR OIL SVCS ETF 57060U191 3,085 61,300 SH   OTR   0 61,300 0
MARKET VECTORS ETF TR SEMICONDUCTOR 57060U233 1,113 24,413 SH   OTR   0 24,413 0
MICHAEL KORS HLDGS LTD SHS G60754101 560 6,000 SH Put OTR   0 6,000 0
NABORS INDUSTRIES LTD SHS G6359F103 528 21,427 SH   OTR   0 21,427 0
PIMCO DYNAMIC CR INCOME FD COM SHS 72202D106 287 12,717 SH   OTR   0 12,717 0
PROCTER & GAMBLE CO COM 742718109 7,549 93,665 SH   OTR   0 93,665 0
RADWARE LTD ORD M81873107 1,137 64,314 SH   OTR   0 64,314 0
ROWAN COMPANIES PLC SHS CL A G7665A101 779 23,125 SH   OTR   0 23,125 0
SCHLUMBERGER LTD COM 806857108 9,393 96,334 SH   OTR   0 96,334 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 4,468 200,000 SH Put OTR   0 200,000 0
SENSATA TECHNOLOGIES HLDG BV SHS N7902X106 966 22,658 SH   OTR   0 22,658 0
TRONOX LTD SHS CL A Q9235V101 2,472 104,010 SH   OTR   0 104,010 0
TYCO INTERNATIONAL LTD SHS H89128104 1,542 36,369 SH   OTR   0 36,369 0
WEATHERFORD INTERNATIONAL LT REG SHS H27013103 957 55,100 SH   OTR   0 55,100 0
WELLS FARGO ADVANTAGE MULTI COM SHS 94987D101 313 21,564 SH   OTR   0 21,564 0
XYRATEX LTD COM G98268108 2,022 152,753 SH   OTR   0 152,753 0
YANDEX N V SHS CLASS A N97284108 1,811 60,000 SH   OTR   0 60,000 0