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
BOYD GAMING CORP COM 103304101 3,485 264,000 SH   SOLE   264,000 0 0
BRUNSWICK CORP COM 117043109 5,879 129,809 SH   SOLE   129,809 0 0
CATERPILLAR INC COM 149123101 179 1,800 SH   SOLE   1,800 0 0
CATERPILLAR INC COM 149123901 23,263 234,100 SH Call SOLE   234,100 0 0
CATERPILLAR INC COM 149123951 46,118 464,100 SH Put SOLE   464,100 0 0
CEMEX SAB DE CV SPONSORED ADR 151290889 9,962 788,795 SH   SOLE   788,795 0 0
CENTRAL FD CDA LTD CL A 153501101 4,128 300,000 SH   SOLE   300,000 0 0
CHART ACQUISITION CORP UNIT 99/99/9999 161151204 6,482 615,000 SH   SOLE   615,000 0 0
CHESAPEAKE ENERGY CORP COM 165167107 5,830 227,556 SH   SOLE   227,556 0 0
CHIPOTLE MEXICAN GRILL INC COM 169656905 19,882 35,000 SH Call SOLE   35,000 0 0
CHIPOTLE MEXICAN GRILL INC COM 169656955 16,757 29,500 SH Put SOLE   29,500 0 0
CITIGROUP INC NEW COM 172967424 53,916 1,132,679 SH   SOLE   1,132,679 0 0
CLEAN ENERGY FUELS CORP COM 184499101 2 270 SH   SOLE   270 0 0
COEUR MNG INC COM 192108954 18,570 2,000,000 SH Put SOLE   2,000,000 0 0
COLFAX CORP COM 194014106 35,174 493,110 SH   SOLE   493,110 0 0
COMMUNITY HEALTH SYS INC NEW COM 203668108 6,019 153,664 SH   SOLE   153,664 0 0
COWEN GROUP INC CL A 223622101 2,751 623,800 SH   SOLE   623,800 0 0
DANA HLDG CORP COM 235825205 35,108 1,508,727 SH   SOLE   1,508,727 0 0
EASTMAN CHEM CO COM 277432100 2,722 31,572 SH   SOLE   31,572 0 0
EASTMAN KODAK CO *W EXP 09/03/201 277461133 6,960 208,375 SH   SOLE   208,375 0 0
EASTMAN KODAK CO *W EXP 09/03/201 277461141 6,960 208,375 SH   SOLE   208,375 0 0
EASTMAN KODAK CO COM NEW 277461406 40,539 1,213,728 SH   SOLE   1,213,728 0 0
ELECTRONIC ARTS INC COM 285512109 68,491 2,360,946 SH   SOLE   2,360,946 0 0
ENCANA CORP COM 292505904 42,760 2,000,000 SH Call SOLE   2,000,000 0 0
FLEETCOR TECHNOLOGIES INC COM 339041105 47,611 413,650 SH   SOLE   413,650 0 0
FORD MTR CO COM PAR $0.01 345370860 11,771 754,548 SH   SOLE   754,548 0 0
FOREST LABS INC COM 345838906 46,132 500,000 SH Call SOLE   500,000 0 0
FOREST OIL CORP COM PAR $0.01 346091705 7,000 3,664,921 SH   SOLE   3,664,921 0 0
FOREST OIL CORP COM 346091905 4,465 2,337,800 SH Call SOLE   2,337,800 0 0
GAP INC COM 364760108 7,929 197,925 SH   SOLE   197,925 0 0
GOODYEAR TIRE & RUBR CO COM 382550101 6,271 240,003 SH   SOLE   240,003 0 0
GOODYEAR TIRE & RUBR CO COM 382550901 48,340 1,850,000 SH Call SOLE   1,850,000 0 0
HALLIBURTON CO COM 406216101 2,738 46,500 SH   SOLE   46,500 0 0
HENNESSY CAP ACQUISITION CORP UNIT 99/99/9999 ADDED 425886207 8,762 871,000 SH   SOLE   871,000 0 0
HOVNANIAN ENTERPRISES INC CL A 442487203 7,678 1,623,172 SH   SOLE   1,623,172 0 0
IAMGOLD CORP COM 450913108 43 12,300 SH   SOLE   12,300 0 0
IAMGOLD CORP COM 450913958 33,174 9,424,500 SH Put SOLE   9,424,500 0 0
INTEL CORP COM 458140100 271 10,507 SH   SOLE   10,507 0 0
INTEL CORP COM 458140950 604 23,400 SH Put SOLE   23,400 0 0
INTL PAPER CO COM 460146103 8,080 176,102 SH   SOLE   176,102 0 0
ISHARES MSCI AUST ETF ETF 464286103 3,700 143,020 SH   SOLE   143,020 0 0
ISHARES MSCI BRZ CAP ETF ETF 464286400 16,859 374,468 SH   SOLE   374,468 0 0
ISHARES MSCI MEX CAP ETF ETF 464286822 855 13,364 SH   SOLE   13,364 0 0
ISHARES MSCI JAPAN ETF ETF 464286848 53,146 4,690,738 SH   SOLE   4,690,738 0 0
ISHARES ETF 464286900 18,008 400,000 SH Call SOLE   400,000 0 0
ISHARES ETF 464286950 105,797 2,350,000 SH Put SOLE   2,350,000 0 0
ISHARES ETF 464286952 12,726 199,000 SH Put SOLE   199,000 0 0
ISHARES ETF 464286953 7,761 300,000 SH Put SOLE   300,000 0 0
ISHARES CHINA LG-CAP ETF ETF 464287184 59,555 1,664,481 SH   SOLE   1,664,481 0 0
ISHARES 20+ YR TR BD ETF ETF 464287432 28,006 256,699 SH   SOLE   256,699 0 0
ISHARES MSCI EAFE ETF ETF 464287465 1,710 25,460 SH   SOLE   25,460 0 0
ISHARES ETF 464287904 35,780 1,000,000 SH Call SOLE   1,000,000 0 0
ISHARES ETF 464287954 226,130 6,320,000 SH Put SOLE   6,320,000 0 0
ISHARES ALL PERU CAP ETF ETF 464289842 7,699 238,369 SH   SOLE   238,369 0 0
ITAU UNIBANCO HLDG SA ADR REP PFD 465562106 10,030 675,000 SH   SOLE   675,000 0 0
JETBLUE AIRWAYS CORP COM 477143101 862 99,177 SH   SOLE   99,177 0 0
KINROSS GOLD CORP COM 496902904 24,130 5,828,400 SH Call SOLE   5,828,400 0 0
KOHLS CORP COM 500255104 66,574 1,172,079 SH   SOLE   1,172,079 0 0
KOHLS CORP COM 500255954 57,050 1,004,400 SH Put SOLE   1,004,400 0 0
L BRANDS INC COM 501797104 6,365 112,114 SH   SOLE   112,114 0 0
LEXMARK INTL NEW CL A 529771107 158 3,420 SH   SOLE   3,420 0 0
LINCOLN NATL CORP IND COM 534187109 27,077 534,385 SH   SOLE   534,385 0 0
LOUISIANA PAC CORP COM 546347105 3,332 197,501 SH   SOLE   197,501 0 0
MFS CHARTER INCOME TR BEN INT 552727109 4,124 451,672 SH   SOLE   451,672 0 0
MFS MULTIMARKET INCOME TR BEN INT 552737108 1,505 230,415 SH   SOLE   230,415 0 0
MARATHON OIL CORP COM 565849106 2,139 60,231 SH   SOLE   60,231 0 0
MCCLATCHY CO CL A 579489105 232 36,100 SH   SOLE   36,100 0 0
MEADWESTVACO CORP COM 583334107 4,587 121,875 SH   SOLE   121,875 0 0
MICROSOFT CORP COM 594918104 28,005 683,210 SH   SOLE   683,210 0 0
MICROSOFT CORP COM 594918904 3,886 94,800 SH Call SOLE   94,800 0 0
MICRON TECHNOLOGY INC COM 595112103 6,227 263,200 SH   SOLE   263,200 0 0
MORGAN STANLEY NEW COM NEW 617446448 7,013 225,000 SH   SOLE   225,000 0 0
NRG ENERGY INC NEW COM NEW 629377508 15,985 502,687 SH   SOLE   502,687 0 0
NEW GOLD INC CDA COM 644535106 25,258 5,175,759 SH   SOLE   5,175,759 0 0
NOBLE ENERGY INC COM 655044105 1,519 21,376 SH   SOLE   21,376 0 0
OWENS ILL INC NEW COM NEW 690768403 1,926 56,945 SH   SOLE   56,945 0 0
PHH CORP NEW COM NEW 693320202 1,590 61,543 SH   SOLE   61,543 0 0
PENN NATL GAMING INC COM 707569109 6,976 566,211 SH   SOLE   566,211 0 0
PENNEY J C INC COM 708160956 24,373 2,827,500 SH Put SOLE   2,827,500 0 0
PULTE GROUP INC COM 745867101 3,987 207,778 SH   SOLE   207,778 0 0
REAVES UTIL INCOME FD BEN INT 756158101 2,067 74,488 SH   SOLE   74,488 0 0
RIO TINTO PLC COM 767204950 55,825 1,000,000 SH Put SOLE   1,000,000 0 0
SANMINA CORPORATION COM 801056102 1,108 63,506 SH   SOLE   63,506 0 0
SCHLUMBERGER LTD COM 806857108 2,844 29,169 SH   SOLE   29,169 0 0
SILVER EAGLE ACQUISITION COR UNIT 99/99/9999 827694209 20,681 1,998,183 SH   SOLE   1,998,183 0 0
STARBUCKS CORP COM 855244109 0 6 SH   SOLE   6 0 0
STARBUCKS CORP COM 855244909 4,946 67,400 SH Call SOLE   67,400 0 0
TESORO CORP COM 881609101 111,103 2,196,153 SH   SOLE   2,196,153 0 0
TESORO CORP COM 881609901 85,001 1,680,200 SH Call SOLE   1,680,200 0 0
UNITED CONTL HLDGS INC COM 910047959 17,858 400,000 SH Put SOLE   400,000 0 0
UNITED STATES STL CORP NEW NEW COM 912909108 9,465 342,803 SH   SOLE   342,803 0 0
VEEVA SYS INC CL A 922475108 7,829 293,239 SH   SOLE   293,239 0 0
WHIRLPOOL CORP COM 963320106 6,279 42,014 SH   SOLE   42,014 0 0
XEROX CORP COM 984121103 4,585 405,771 SH   SOLE   405,771 0 0
AGCO CORP NOTE 1.250% 12/1 001084AM4 18,516 13,515,000 PRN   SOLE   13,515,000 0 0
AES CORP COM 00130H105 3,144 220,159 SH   SOLE   220,159 0 0
ABIOMED INC COM 003654100 41,871 1,607,941 SH   SOLE   1,607,941 0 0
ALCOA INC COM 013817101 402 31,242 SH   SOLE   31,242 0 0
ALCOA INC COM 013817901 88,160 6,850,000 SH Call SOLE   6,850,000 0 0
ALLIANCEBERNSTEIN INCOME FUN COM 01881E101 5,029 685,167 SH   SOLE   685,167 0 0
AMAZON INC COM 023135106 812 2,413 SH   SOLE   2,413 0 0
AMAZON INC COM 023135906 25,475 75,700 SH Call SOLE   75,700 0 0
AMAZON INC COM 023135956 45,363 134,800 SH Put SOLE   134,800 0 0
AMERICAN AIRLS GROUP INC COM 02376R952 51,233 1,400,000 SH Put SOLE   1,400,000 0 0
AMERICAN AXLE & MFG HLDGS IN COM 024061103 23,944 1,292,866 SH   SOLE   1,292,866 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 1,408 84,253 SH   SOLE   84,253 0 0
AMERICAN INTL GROUP INC NEW COM NEW 026874784 43,811 876,049 SH   SOLE   876,049 0 0
ANADARKO PETE CORP COM 032511107 4,456 52,576 SH   SOLE   52,576 0 0
APPLE INC COM 037833100 65 121 SH   SOLE   121 0 0
APPLE INC COM 037833900 66,502 123,900 SH Call SOLE   123,900 0 0
APPLE INC COM 037833950 251,409 468,400 SH Put SOLE   468,400 0 0
ARES CAP CORP COM 04010L103 784 44,500 SH   SOLE   44,500 0 0
ARMSTRONG WORLD INDS INC NEW NEW COM 04247X102 7,358 138,183 SH   SOLE   138,183 0 0
AVNET INC COM 053807103 5,454 117,225 SH   SOLE   117,225 0 0
AVON PRODS INC COM 054303102 4,782 326,634 SH   SOLE   326,634 0 0
BARCLAYS BK PLC IPATH S&P500 VIX ETF 06742E711 84 2,000 SH   SOLE   2,000 0 0
BEST BUY INC COM 086516101 13,150 497,930 SH   SOLE   497,930 0 0
BIO-REFERENCE LABS INC $.01 NEW COM $.01 NEW 09057G602 9,382 338,955 SH   SOLE   338,955 0 0
BLACKROCK CR ALLCTN INC TR COM 092508100 30 2,241 SH   SOLE   2,241 0 0
BLACKROCK ENERGY & RES TR COM 09250U101 1,970 81,573 SH   SOLE   81,573 0 0
BOULEVARD ACQUISITION CORP UNIT 99/99/9999 ADDED 10157P203 7,049 700,000 SH   SOLE   700,000 0 0
BRISTOL MYERS SQUIBB CO DBCV 9/1 ADDED 110122AN8 13,191 10,000,000 SH   SOLE   10,000,000 0 0
CAPITOL ACQUISITION CORP II UNIT 99/99/9999 14056V204 13,388 1,275,000 SH   SOLE   1,275,000 0 0
CEMEX SAB DE CV NOTE 3.250% 3/1 151290BB8 55,092 40,050,000 PRN   SOLE   40,050,000 0 0
CHATHAM LODGING TR COM 16208T102 25,528 1,262,500 SH   SOLE   1,262,500 0 0
CHESAPEAKE ENERGY CORP NOTE 2.500% 5/1 165167CA3 42,410 41,938,000 PRN   SOLE   41,938,000 0 0
CISCO SYS INC COM 17275R902 33,857 1,510,800 SH Call SOLE   1,510,800 0 0
CISCO SYS INC COM 17275R952 32,618 1,455,500 SH Put SOLE   1,455,500 0 0
COMPANHIA BRASILEIRA DE DIST CL A 20440T201 10,638 243,100 SH   SOLE   243,100 0 0
CONOCOPHILLIPS COM 20825C104 774 10,998 SH   SOLE   10,998 0 0
CONOCOPHILLIPS COM 20825C954 2,047 29,100 SH Put SOLE   29,100 0 0
CONSOL ENERGY INC COM 20854P109 38,937 974,653 SH   SOLE   974,653 0 0
D R HORTON INC COM 23331A109 4,263 196,901 SH   SOLE   196,901 0 0
DEVELOPERS DIVERSIFIED RLTY NOTE 1.750% 11/1 251591AX1 11,556 10,000,000 PRN   SOLE   10,000,000 0 0
DOMINION RES INC VA NEW UNIT 04/01/2013 25746U703 23,376 400,000 SH   SOLE   400,000 0 0
DOMINION RES INC VA NEW UNIT 07/01/2016 25746U885 13,163 225,000 SH   SOLE   225,000 0 0
DREAMWORKS ANIMATION SKG INC COM 26153C953 21,612 814,000 SH Put SOLE   814,000 0 0
DRYSHIPS INC. NOTE 5.000% 12/0 262498AB4 25,382 25,900,000 PRN   SOLE   25,900,000 0 0
DUFF & PHELPS GLB UTL INC FD COM 26433C105 829 41,871 SH   SOLE   41,871 0 0
ENDO HEALTH SOLUTIONS INC NOTE 1.750% 4/1 29264FAB2 52,113 22,175,000 PRN   SOLE   22,175,000 0 0
ENTERGY CORP NEW COM 29364G103 2,896 43,314 SH   SOLE   43,314 0 0
FACEBOOK INC CL A 30303M102 5,419 89,962 SH   SOLE   89,962 0 0
FACEBOOK INC COM 30303M952 12,958 215,100 SH Put SOLE   215,100 0 0
FIDELITY NATIONAL FINANCIAL CL A 31620R105 55,704 1,771,751 SH   SOLE   1,771,751 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 10,652 322,115 SH   SOLE   322,115 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D907 15,457 467,400 SH Call SOLE   467,400 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D957 47,307 1,430,500 SH Put SOLE   1,430,500 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 26,418 724,565 SH   SOLE   724,565 0 0
GENCORP INC SDCV 4.062% 12/3 368682AN0 60,981 30,000,000 SH   SOLE   30,000,000 0 0
GENERAL MTRS CO COM 37045V100 57,552 1,672,065 SH   SOLE   1,672,065 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V118 149 4,323 SH   SOLE   4,323 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V126 149 4,323 SH   SOLE   4,323 0 0
GEOSPACE TECHNOLOGIES CORP COM 37364X109 12,630 190,866 SH   SOLE   190,866 0 0
GLOBAL DEFENSE & NATL SEC SY COM 37953N108 3,846 380,000 SH   SOLE   380,000 0 0
GOL LINHAS AEREAS INTLG S A ADR REP PFD 38045R107 652 134,100 SH   SOLE   134,100 0 0
GOLDMAN SACHS GROUP INC COM 38141G954 26,216 160,000 SH Put SOLE   160,000 0 0
GOOGLE INC CL A 38259P508 2,361 2,118 SH   SOLE   2,118 0 0
GOOGLE INC COM 38259P908 4,792 4,300 SH Call SOLE   4,300 0 0
GOOGLE INC COM 38259P958 25,076 22,500 SH Put SOLE   22,500 0 0
GRACE W R & CO NEW COM 38388F108 34,494 347,825 SH   SOLE   347,825 0 0
HCA HOLDINGS INC COM 40412C101 4,596 87,534 SH   SOLE   87,534 0 0
HCI GROUP INC COM 40416E103 1,838 50,492 SH   SOLE   50,492 0 0
HANCOCK JOHN PREMUIM DIV FD COM SH BEN INT 41013T105 700 54,056 SH   SOLE   54,056 0 0
HERCULES TECH GROWTH CAP INC NOTE 6.000% 4/1 427096AB8 7,245 6,000,000 PRN   SOLE   6,000,000 0 0
HESS CORP COM 42809H107 61,525 742,339 SH   SOLE   742,339 0 0
INTERNATIONAL GAME TECHNOLOG NOTE 3.250% 5/0 459902AQ5 6,719 6,700,000 PRN   SOLE   6,700,000 0 0
JARDEN CORP NOTE 1.875% 9/1 471109AH1 6,960 5,000,000 PRN   SOLE   5,000,000 0 0
KB HOME COM 48666K109 5,675 333,995 SH   SOLE   333,995 0 0
MFS INTER INCOME TR BEN INT 55273C107 4,197 810,242 SH   SOLE   810,242 0 0
MGIC INVT CORP WIS NOTE 5.000% 5/0 552848AD5 8,642 7,500,000 PRN   SOLE   7,500,000 0 0
MARKET VECTORS ETF TR GOLD MINER ETF ETF 57060U100 8,016 339,669 SH   SOLE   339,669 0 0
MERITAGE HOMES CORP COM 59001A102 29,418 702,446 SH   SOLE   702,446 0 0
METLIFE INC COM 59156R108 30,113 570,325 SH   SOLE   570,325 0 0
MICROCHIP TECHNOLOGY INC SDCV 2.125%12/1 595017AB0 32,482 17,500,000 SH   SOLE   17,500,000 0 0
MYLAN INC NOTE 3.750% 9/1 628530AJ6 147,000 40,000,000 PRN   SOLE   40,000,000 0 0
MYRIAD GENETICS INC COM 62855J104 28,814 842,753 SH   SOLE   842,753 0 0
MYRIAD GENETICS INC COM 62855J904 6,838 200,000 SH Call SOLE   200,000 0 0
NII HLDGS INC CL B 62913F201 476 400,000 SH   SOLE   400,000 0 0
NQ MOBILE INC ADR REPSTG CL A 64118U108 880 50,000 SH   SOLE   50,000 0 0
NORTHSTAR RLTY FIN CORP COM 66704R100 107 6,600 SH   SOLE   6,600 0 0
NU SKIN ENTERPRISES INC CL A 67018T105 16,021 193,373 SH   SOLE   193,373 0 0
ORACLE CORP COM 68389X105 6,225 152,165 SH   SOLE   152,165 0 0
PDL BIOPHARMA INC COM 69329Y104 726 87,346 SH   SOLE   87,346 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 5,891 424,700 SH   SOLE   0 0 0
POLYONE CORP COM 73179P106 2,955 80,598 SH   SOLE   80,598 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 6,180 70,479 SH   SOLE   70,479 0 0
PROLOGIS INC COM 74340W103 5,410 132,500 SH   SOLE   132,500 0 0
ROI ACQUISITION CORP II UNIT 99/99/9999 74966G200 6,563 655,000 SH   SOLE   655,000 0 0
RADIAN GROUP INC NOTE 2.250% 3/0 750236AN1 3,831 2,500,000 PRN   SOLE   2,500,000 0 0
RANGE RES CORP COM 75281A109 21,205 255,569 SH   SOLE   255,569 0 0
RAPTOR PHARMACEUTICAL CORP COM 75382F106 9,890 989,020 SH   SOLE   989,020 0 0
SBAMUNICATIONS CORP NOTE 4.000% 10/0 78388JAM8 89,918 30,085,000 PRN   SOLE   30,085,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 26,609 142,262 SH   SOLE   142,262 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F953 187,040 1,000,000 SH Put SOLE   1,000,000 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 98,627 797,887 SH   SOLE   797,887 0 0
SPDR GOLD TRUST GOLD SHS 78463V907 80,396 650,400 SH Call SOLE   650,400 0 0
SPDR GOLD TRUST GOLD SHS 78463V957 346,232 2,801,000 SH Put SOLE   2,801,000 0 0
SPDR SERIES TRUST S&P METALS MNG ETF 78464A755 515 12,337 SH   SOLE   12,337 0 0
SPDR SERIES TRUST ETF 78464A905 71 1,700 SH Call SOLE   1,700 0 0
SPDR SERIES TRUST ETF 78464A955 2,166 51,900 SH Put SOLE   51,900 0 0
SEACOR HOLDINGS INC NOTE 2.500%12/1 811904AM3 2,386 2,000,000 PRN   SOLE   2,000,000 0 0
SEALED AIR CORP NEW NEW COM 81211K100 3,960 120,473 SH   SOLE   120,473 0 0
SELECT SECTOR SPDR TR SBI MATERIALS ETF 81369Y100 15 318 SH   SOLE   318 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE ETF 81369Y209 1,240 21,204 SH   SOLE   21,204 0 0
SELECT SECTOR SPDR TR SBI INT-FINL ETF 81369Y605 5,004 223,996 SH   SOLE   223,996 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS ETF 81369Y886 8,981 216,612 SH   SOLE   216,612 0 0
SELECT SECTOR SPDR TR ETF 81369Y900 25,077 530,400 SH Call SOLE   530,400 0 0
SELECT SECTOR SPDR TR ETF 81369Y906 19,540 219,400 SH Call SOLE   219,400 0 0
SELECT SECTOR SPDR TR ETF 81369Y950 30,250 639,800 SH Put SOLE   639,800 0 0
SELECT SECTOR SPDR TR ETF 81369Y956 24,545 275,600 SH Put SOLE   275,600 0 0
SIRIUS XM HLDGS INC COM 82968B103 1,680 525,000 SH   SOLE   525,000 0 0
SIRIUS XM HLDGS INC COM 82968B953 10,534 3,292,000 SH Put SOLE   3,292,000 0 0
SPECTRUM PHARMACEUTICALS INC COM 84763A108 26 3,326 SH   SOLE   3,326 0 0
SPRINT CORP SER 1 COM SER 1 85207U105 3,043 331,126 SH   SOLE   331,126 0 0
SPRINT CORP COM SER 1 85207U955 30,944 3,367,100 SH Put SOLE   3,367,100 0 0
STANDARD PAC CORP NEW NEW COM 85375C101 5,551 667,965 SH   SOLE   667,965 0 0
STARWOOD PPTY TR INC NOTE 4.000% 1/1 85571BAB1 17,185 15,000,000 PRN   SOLE   15,000,000 0 0
TRW AUTOMOTIVE HLDGS CORP COM 87264S106 4,307 52,770 SH   SOLE   52,770 0 0
TALISMAN ENERGY INC COM 87425E103 3,210 321,678 SH   SOLE   321,678 0 0
TALMER BANCORP INC COM ADDED 87482X101 27,654 1,888,906 SH   SOLE   1,888,906 0 0
TARGA RES CORP COM 87612G101 29,460 296,797 SH   SOLE   296,797 0 0
TELECOM ITALIA S P A NEW COM 87927Y902 947 1,106,300 SH Call SOLE   1,106,300 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 13,289 310,423 SH   SOLE   310,423 0 0
TESLA MTRS INC NOTE 1.500% 6/0 88160RAA9 8,981 5,000,000 PRN   SOLE   5,000,000 0 0
TESLA MTRS INC NOTE 1.250% 3/0 ADDED 88160RAC5 20,489 22,500,000 PRN   SOLE   22,500,000 0 0
3-D SYS CORP NEW COM NEW 88554D205 3,913 66,156 SH   SOLE   66,156 0 0
TIME WARNER CABLE INC COM NEW 88732J907 152,668 1,112,900 SH Call SOLE   1,112,900 0 0
TRINITY INDS INC NOTE 3.875% 6/0 DELETED 896522AF6 10,343 6,500,000 PRN   SOLE   6,500,000 0 0
UNITED STATES OIL FUND LP UNIT 91232N108 1,018 27,834 SH   SOLE   27,834 0 0
UNITED STATES OIL FUND LP UNIT 91232N908 13,824 377,800 SH Call SOLE   377,800 0 0
UNITED STATES STL CORP NOTE 4.000% 5/1 912909AE8 60,694 60,200,000 PRN   SOLE   60,200,000 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K902 58,249 441,500 SH Call SOLE   441,500 0 0
VALE S A ADR ADR 91912E105 934 67,500 SH   SOLE   67,500 0 0
VALERO ENERGY CORP NEW COM 91913Y100 77,760 1,464,399 SH   SOLE   1,464,399 0 0
VECTOR GROUP LTD FRNT 1/1 COM 92240MAY4 10,924 8,000,000 SH   SOLE   8,000,000 0 0
VERIZONMUNICATIONS INC COM 92343V904 42,813 900,000 SH Call SOLE   900,000 0 0
VERINT SYS INC COM 92343X100 44,179 941,372 SH   SOLE   941,372 0 0
VERSO PAPER CORP COM 92531L108 4,494 1,554,871 SH   SOLE   1,554,871 0 0
VIPSHOP HLDGS LTD NOTE 1.500% 3/1 ADDED 92763WAA1 5,076 5,000,000 PRN   SOLE   5,000,000 0 0
VODAFONE GROUP PLC NEW ADDED COM 92857W908 1,472 402,600 SH Call SOLE   402,600 0 0
WEBMD HEALTH CORP COM 94770V102 2,715 65,587 SH   SOLE   65,587 0 0
WESCO INTL INC DBVC 6.000% 9/1 95082PAH8 47,348 16,000,000 SH   SOLE   16,000,000 0 0
WESTERN ASSET CLYM INFL OPP COM 95766R104 3,010 258,844 SH   SOLE   258,844 0 0
WISDOMTREE TR INDIA ERNGS FD COM 97717W422 1,059 55,842 SH   SOLE   55,842 0 0
WISDOMTREE TR COM 97717W952 23,700 1,250,000 SH Put SOLE   1,250,000 0 0
YRC WORLDWIDE INC NOTE 10.000% 3/3 984249AB8 3,307 3,149,163 PRN   SOLE   3,149,163 0 0
ACTAVIS PLC SHS G0083B108 116,505 565,969 SH   SOLE   565,969 0 0
ACTAVIS PLC COM G0083B908 67,930 330,000 SH Call SOLE   330,000 0 0
ENDO INTL PLC SHS ADDED G30401106 2,417 35,205 SH   SOLE   35,205 0 0
HERBALIFE LTD USD SHS G4412G101 14,512 253,400 SH   SOLE   253,400 0 0
VANTAGE DRILLINGPANY ORD SHS G93205113 4,754 2,780,000 SH   SOLE   2,780,000 0 0
WEATHERFORD INTERNATIONAL LT SHS H27013103 8,090 465,988 SH   SOLE   465,988 0 0
TRANSOCEAN LTD SHS H8817H100 4,514 109,180 SH   SOLE   109,180 0 0
ARCELORMITTAL SA LUXEMBOURG MAND CV NT 16 COM L0302D178 11,923 500,000 SH   SOLE   500,000 0 0
MAGICJACK VOCALTEC LTD SHS M6787E101 26,286 1,238,149 SH   SOLE   1,238,149 0 0
TARO PHARMACEUTICAL INDS LTD SHS M8737E108 53,101 478,388 SH   SOLE   478,388 0 0
COPA HOLDINGS SA CL A P31076105 43,557 300,000 SH   SOLE   300,000 0 0
EAGLE BULK SHIPPING INC SHS Y2187A119 1,053 264,000 SH   SOLE   264,000 0 0
OCEAN RIG UDW INC SHS Y64354205 30,757 1,728,885 SH   SOLE   1,728,885 0 0
SCORPIO BULKERS INC SHS Y7546A106 99,822 9,873,564 SH   SOLE   9,873,564 0 0