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
A H BELO CORP COM CL A 001282102 1,715 250,000 SH   SOLE 0 250,000 0 0
AASTROM BIOSCIENCES INC COM NEW 00253U305 7 18,118 SH   SOLE 0 18,118 0 0
ACE LTD SHS H0023R105 1,021 11,412 SH   SOLE 0 11,412 0 0
ACTAVIS INC COM 00507K103 46,871 371,343 SH   SOLE 0 371,343 0 0
ACTAVIS INC CALL 00507K903 1,136 9,000 SH Call SOLE 0 9,000 0 0
ACTAVIS INC PUT 00507K953 6,311 50,000 SH Put SOLE 0 50,000 0 0
AETNA INC NEW COM 00817Y108 433 6,819 SH   SOLE 0 6,819 0 0
AGILENT TECHNOLOGIES INC COM 00846U101 5,638 131,842 SH   SOLE 0 131,842 0 0
ALLSTATE CORP COM 020002101 1,178 24,482 SH   SOLE 0 24,482 0 0
AMERICAN RLTY CAP PPTYS INC COM 02917T104 15,907 1,042,371 SH   SOLE 0 1,042,371 0 0
ANADARKO PETE CORP COM 032511107 20,285 236,066 SH   SOLE 0 236,066 0 0
ANADARKO PETE CORP PUT 032511957 26,501 308,400 SH Put SOLE 0 308,400 0 0
ARCH CAP GROUP LTD ORD G0450A105 1,492 29,026 SH   SOLE 0 29,026 0 0
ARRIS GROUP INC NEW PUT 04270V956 5,269 367,200 SH Put SOLE 0 367,200 0 0
AU OPTRONICS CORP SPONSORED ADR 002255107 63 18,351 SH   SOLE 0 18,351 0 0
AXIS CAPITAL HOLDINGS LTD SHS G0692U109 1,543 33,714 SH   SOLE 0 33,714 0 0
BALLARD PWR SYS INC NEW COM 058586108 20 11,200 SH   SOLE 0 11,200 0 0
BANK OF AMERICA CORPORATION COM 060505104 37,904 2,947,463 SH   SOLE 0 2,947,463 0 0
BANK OF AMERICA CORPORATION *W EXP 01/16/201 060505146 6,979 1,278,249 SH   SOLE 0 1,278,249 0 0
BANK OF AMERICA CORPORATION CALL 060505904 30,864 2,400,000 SH Call SOLE 0 2,400,000 0 0
BANK OF AMERICA CORPORATION PUT 060505954 57,816 4,495,800 SH Put SOLE 0 4,495,800 0 0
BELO CORP COM SER A 080555105 8,061 577,828 SH   SOLE 0 577,828 0 0
BGS ACQUISITION CORP SH G1082J100 598 59,200 SH   SOLE 0 59,200 0 0
BMC SOFTWARE INC COM 055921100 10,590 234,597 SH   SOLE 0 234,597 0 0
CABLEVISION SYS CORP CL A NY CABLVS 12686C109 2,103 125,000 SH   SOLE 0 125,000 0 0
CAPITOL ACQUISITION CORP II UNIT 99/99/9999 14056V204 5,045 500,000 SH   SOLE 0 500,000 0 0
CAPLEASE INC COM 140288101 5,908 700,000 SH   SOLE 0 700,000 0 0
CELSION CORPORATION COM NEW 15117N305 11 10,600 SH   SOLE 0 10,600 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889 1,164 110,012 SH   SOLE 0 110,012 0 0
CEMEX SAB DE CV PUT 151290959 3,290 311,000 SH Put SOLE 0 311,000 0 0
CHARTER COMMUNICATIONS INC D CL A NEW 16117M305 6,812 55,000 SH   SOLE 0 55,000 0 0
CHESAPEAKE ENERGY CORP NOTE 2.500% 5/1 165167CA3 7,076 7,585,000 PRN   SOLE 0 0 0 0
CHINA LIFE INS CO LTD SPON ADR REP H 16939P106 581 16,667 SH   SOLE 0 16,667 0 0
CHINA PETE & CHEM CORP SPON ADR H SHS 16941R108 931 10,180 SH   SOLE 0 10,180 0 0
CHUBB CORP COM 171232101 1,022 12,071 SH   SOLE 0 12,071 0 0
CLEARWIRE CORP NEW CL A 18538Q105 57,470 11,540,161 SH   SOLE 0 11,540,161 0 0
CLEARWIRE CORP NEW CALL 18538Q905 30,258 6,075,900 SH Call SOLE 0 6,075,900 0 0
CLEARWIRE CORP NEW PUT 18538Q955 20,818 4,180,400 SH Put SOLE 0 4,180,400 0 0
COMMONWEALTH REIT COM SH BEN INT 203233101 19,357 837,236 SH   SOLE 0 837,236 0 0
COMMONWEALTH REIT PUT 203233951 5,745 248,500 SH Put SOLE 0 248,500 0 0
CONSTELLATION BRANDS INC CL A 21036P108 15,667 300,600 SH   SOLE 0 300,600 0 0
CONSTELLATION BRANDS INC CALL 21036P908 52,985 1,016,600 SH Call SOLE 0 1,016,600 0 0
CYTORI THERAPEUTICS INC COM 23283K105 37 15,978 SH   SOLE 0 15,978 0 0
DELL INC CALL 24702R901 10,561 791,100 SH Call SOLE 0 791,100 0 0
DIRECTV CALL 25490A909 9,243 150,000 SH Call SOLE 0 150,000 0 0
DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 6,082 87,309 SH   SOLE 0 87,309 0 0
DISH NETWORK CORP CL A 25470M109 63,342 1,489,704 SH   SOLE 0 1,489,704 0 0
DISH NETWORK CORP CALL 25470M909 23,059 542,300 SH Call SOLE 0 542,300 0 0
DOCUMENT SEC SYS INC PUT 25614T951 1,660 721,700 SH Put SOLE 0 721,700 0 0
DOLE FOOD CO INC NEW COM 256603101 18,951 1,486,387 SH   SOLE 0 1,486,387 0 0
DOLE FOOD CO INC NEW PUT 256603951 1,074 84,200 SH Put SOLE 0 84,200 0 0
ELAN PLC ADR 284131208 57,368 4,057,129 SH   SOLE 0 4,057,129 0 0
ELAN PLC CALL 284131908 18,810 1,330,300 SH Call SOLE 0 1,330,300 0 0
EQUINIX INC NOTE 3.000%10/1 29444UAG1 21,089 12,500,000 PRN   SOLE 0 0 0 0
EVEREST RE GROUP LTD COM G3223R108 1,522 11,868 SH   SOLE 0 11,868 0 0
EXACTTARGET INC COM 30064K105 19,002 563,516 SH   SOLE 0 563,516 0 0
FIDELITY NATIONAL FINANCIAL PUT 31620R955 2,167 91,000 SH Put SOLE 0 91,000 0 0
FOREST LABS INC COM 345838106 14,092 343,712 SH   SOLE 0 343,712 0 0
FOREST LABS INC CALL 345838906 2,050 50,000 SH Call SOLE 0 50,000 0 0
GARDNER DENVER INC COM 365558105 14,082 187,307 SH   SOLE 0 187,307 0 0
GLEACHER & CO INC COM NEW 377341201 2,796 201,405 SH   SOLE 0 201,405 0 0
GRAY TELEVISION INC COM 389375106 1,240 172,200 SH   SOLE 0 172,200 0 0
HARBINGER GROUP INC COM 41146A106 478 63,375 SH   SOLE 0 63,375 0 0
HARTFORD FINL SVCS GROUP INC *W EXP 06/26/201 416515120 10,947 499,852 SH   SOLE 0 499,852 0 0
HARTFORD FINL SVCS GROUP INC PUT 416515954 1,221 39,500 SH Put SOLE 0 39,500 0 0
HAWAIIAN TELCOM HOLDCO INC COM 420031106 1,029 40,905 SH   SOLE 0 40,905 0 0
HEALTH MGMT ASSOC INC NEW CL A 421933102 1,572 100,000 SH   SOLE 0 100,000 0 0
HEIDRICK & STRUGGLES INTL IN COM 422819102 3,632 217,226 SH   SOLE 0 217,226 0 0
HERBALIFE LTD COM USD SHS G4412G101 393 8,705 SH   SOLE 0 8,705 0 0
HERBALIFE LTD CALL G4412G901 5,665 125,500 SH Call SOLE 0 125,500 0 0
HESS CORP COM 42809H107 32,220 484,577 SH   SOLE 0 484,577 0 0
HONDA MOTOR LTD AMERN SHS 438128308 2,001 53,731 SH   SOLE 0 53,731 0 0
IRON MTN INC COM 462846106 2,395 90,000 SH   SOLE 0 90,000 0 0
ISHARES TR IBOXX H/Y PUT 464288953 19,539 215,000 SH Put SOLE 0 215,000 0 0
ISTAR FINL INC NOTE 3.000%11/1 45031UBR1 39,242 32,866,000 PRN   SOLE 0 0 0 0
JIVE SOFTWARE INC COM 47760A108 3,763 207,106 SH   SOLE 0 207,106 0 0
KANDI TECHNOLOGIES GROUP INC COM 483709101 4,955 881,608 SH   SOLE 0 881,608 0 0
KEYNOTE SYS INC COM 493308100 3,361 170,088 SH   SOLE 0 170,088 0 0
LAS VEGAS SANDS CORP PUT 517834957 1,588 30,000 SH Put SOLE 0 30,000 0 0
LEAP WIRELESS INTL INC NOTE 4.500% 7/1 521863AL4 14,061 13,948,000 PRN   SOLE 0 0 0 0
LENDER PROCESSING SVCS INC COM 52602E102 6,470 200,000 SH   SOLE 0 200,000 0 0
LIBERTY GLOBAL INC PUT 530555951 14,890 201,000 SH Put SOLE 0 201,000 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 14,815 199,987 SH   SOLE 0 199,987 0 0
LIFE TECHNOLOGIES CORP COM 53217V109 47,266 638,650 SH   SOLE 0 638,650 0 0
LIFE TECHNOLOGIES CORP CALL 53217V909 740 10,000 SH Call SOLE 0 10,000 0 0
LINCOLN NATL CORP IND *W EXP 07/10/201 534187117 39,378 1,461,952 SH   SOLE 0 1,461,952 0 0
LINN ENERGY LLC CALL 536020900 2,157 65,000 SH Call SOLE 0 65,000 0 0
M & T BK CORP COM 55261F104 1,161 10,386 SH   SOLE 0 10,386 0 0
MARKET LEADER INC COM 57056R103 3,308 309,173 SH   SOLE 0 309,173 0 0
MBIA INC COM 55262C100 16,789 1,261,398 SH   SOLE 0 1,261,398 0 0
MBIA INC CALL 55262C900 2,662 200,000 SH Call SOLE 0 200,000 0 0
MGIC INVT CORP WIS NOTE 5.000% 5/0 552848AD5 19,740 19,282,000 PRN   SOLE 0 0 0 0
MGIC INVT CORP WIS NOTE 2.000% 4/0 552848AE3 50,575 44,561,000 PRN   SOLE 0 0 0 0
MITSUBISHI UFJ FINL GROUP IN SPONSORED ADR 606822104 3,140 505,600 SH   SOLE 0 505,600 0 0
MOSAIC CO NEW COM 61945C103 34,437 639,971 SH   SOLE 0 639,971 0 0
MPG OFFICE TR INC COM 553274101 5,031 1,602,100 SH   SOLE 0 1,602,100 0 0
MULTIBAND CORP COM NEW 62544X209 833 262,929 SH   SOLE 0 262,929 0 0
MYLAN INC COM 628530107 16,224 522,840 SH   SOLE 0 522,840 0 0
NETAPP INC COM 64110D104 18,566 491,419 SH   SOLE 0 491,419 0 0
NETAPP INC CALL 64110D904 3,778 100,000 SH Call SOLE 0 100,000 0 0
NEWS CORP CL A 65248E104 3,340 218,300 SH   SOLE 0 218,300 0 0
NEWS CORP CL B 65248E203 769 50,000 SH   SOLE 0 50,000 0 0
NIPPON TELEG & TEL CORP SPONSORED ADR 654624105 970 37,297 SH   SOLE 0 37,297 0 0
NOMURA HLDGS INC SPONSORED ADR 65535H208 432 58,060 SH   SOLE 0 58,060 0 0
NYSE EURONEXT COM 629491101 12,410 299,753 SH   SOLE 0 299,753 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 27,389 306,947 SH   SOLE 0 306,947 0 0
OFFICE DEPOT INC COM 676220106 841 217,302 SH   SOLE 0 217,302 0 0
OPTIMER PHARMACEUTICALS INC COM 68401H104 10,333 714,087 SH   SOLE 0 714,087 0 0
OREXIGEN THERAPEUTICS INC COM 686164104 1,463 250,000 SH   SOLE 0 250,000 0 0
PACIFIC ETHANOL INC COM NEW 69423U206 261 65,659 SH   SOLE 0 65,659 0 0
PANASONIC CORP ADR 69832A205 511 63,198 SH   SOLE 0 63,198 0 0
PARTNERRE LTD COM G6852T105 1,457 16,094 SH   SOLE 0 16,094 0 0
PETROCHINA CO LTD SPONSORED ADR 71646E100 1,184 10,700 SH   SOLE 0 10,700 0 0
PETROCHINA CO LTD CALL 71646E900 1,383 12,500 SH Call SOLE 0 12,500 0 0
PHH CORP NOTE 6.000% 6/1 693320AQ6 83,640 46,500,000 PRN   SOLE 0 0 0 0
POWERSHARES QQQ TRUST PUT 73935A954 35,605 500,000 SH Put SOLE 0 500,000 0 0
PRICELINE COM INC NOTE 1.250% 3/1 741503AN6 58,559 21,431,000 PRN   SOLE 0 0 0 0
RADIAN GROUP INC NOTE 3.000%11/1 750236AK7 131,744 104,833,000 PRN   SOLE 0 0 0 0
RENAISSANCERE HOLDINGS LTD COM G7496G103 1,295 14,926 SH   SOLE 0 14,926 0 0
RITE AID CORP NOTE 8.500% 5/1 767754BU7 11,722 8,249,000 PRN   SOLE 0 0 0 0
RUE21 INC COM 781295100 2,755 66,200 SH   SOLE 0 66,200 0 0
SCANSOFT INC CALL 67020Y900 4,600 250,000 SH Call SOLE 0 250,000 0 0
SELECT SECTOR SPDR TR PUT 81369Y955 19,490 1,000,000 SH Put SOLE 0 1,000,000 0 0
SMITHFIELD FOODS INC COM 832248108 27,625 843,513 SH   SOLE 0 843,513 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 203 1,268 SH   SOLE 0 1,268 0 0
SPDR S&P 500 ETF TR PUT 78462F953 24,002 150,000 SH Put SOLE 0 150,000 0 0
SPHERIX INC COM PAR $.01 84842R304 230 51,653 SH   SOLE 0 51,653 0 0
SPRINT NEXTEL CORP COM SER 1 852061100 5,661 806,469 SH   SOLE 0 806,469 0 0
SPRINT NEXTEL CORP CALL 852061900 1,404 200,000 SH Call SOLE 0 200,000 0 0
STEC INC COM 784774101 5,389 801,890 SH   SOLE 0 801,890 0 0
STEWART ENTERPRISES INC CL A 860370105 12,885 984,314 SH   SOLE 0 984,314 0 0
T3 MOTION INC *W EXP 05/13/201 89853X124 0 13,850 SH   SOLE 0 13,850 0 0
TIME WARNER CABLE INC COM 88732J207 5,624 50,000 SH   SOLE 0 50,000 0 0
TITAN INTL INC ILL COM 88830M102 484 28,700 SH   SOLE 0 28,700 0 0
T-MOBILE US INC COM 872590104 20,795 838,160 SH   SOLE 0 838,160 0 0
TOYOTA MOTOR CORP SP ADR REP2COM 892331307 1,856 15,382 SH   SOLE 0 15,382 0 0
TRAVELERS COMPANIES INC COM 89417E109 1,093 13,676 SH   SOLE 0 13,676 0 0
U S AIRWAYS GROUP INC COM 90341W108 2,791 170,000 SH   SOLE 0 170,000 0 0
UNWIRED PLANET INC NEW COM 91531F103 53 27,100 SH   SOLE 0 27,100 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 3,667 42,600 SH   SOLE 0 42,600 0 0
VALIDUS HOLDINGS LTD COM SHS G9319H102 1,259 34,868 SH   SOLE 0 34,868 0 0
VANGUARD HEALTH SYS INC COM 922036207 9,892 476,975 SH   SOLE 0 476,975 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 26,902 534,414 SH   SOLE 0 534,414 0 0
VERIZON COMMUNICATIONS INC CALL 92343V904 40,272 800,000 SH Call SOLE 0 800,000 0 0
VIVUS INC COM 928551100 6,591 523,941 SH   SOLE 0 523,941 0 0
VIVUS INC CALL 928551900 8,177 650,000 SH Call SOLE 0 650,000 0 0
WPCS INTL INC COM PAR $.0001 92931L302 244 55,688 SH   SOLE 0 55,688 0 0
XL GROUP PLC SHS G98290102 1,522 50,197 SH   SOLE 0 50,197 0 0