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
Acadia Pharmaceuticals Com 04225108 1,602 58,335 SH   SOLE   58,335 0 0
Antares Pharma Inc Com 036642106 56 13,750 SH   SOLE   13,750 0 0
Apple Computer Inc Com 037833100 557 1,169 SH   SOLE   1,169 0 0
Arcelormittal Sa Mand CV NT 16 L0302D178 430 20,000 SH   SOLE   20,000 0 0
Ares Coml Real Estate Com 04013V108 644 51,839 SH   SOLE   51,839 0 0
Bank Of America 7.25% PFDSER L 7.25%CNV PFD L 060505682 811 750 SH   SOLE   750 0 0
Bank Of America Corp Com 060505104 235 17,028 SH   SOLE   17,028 0 0
Berkshire Hathaway Cl B Cl B New 084670702 679 5,978 SH   SOLE   5,978 0 0
Calumet Specialty Prod UT LTD Partner 131476103 9,944 364,391 SH   SOLE   364,391 0 0
Chevron Corp Com 166764100 250 2,059 SH   SOLE   2,059 0 0
Cisco Systems Inc Com 17275R102 658 28,090 SH   SOLE   28,090 0 0
Citigroup Inc Com 172967424 2,941 60,619 SH   SOLE   60,619 0 0
Cliffs Natural Resources Inc. Com 18683K101 198 10,000 SH   SOLE   10,000 0 0
Companhia Vale Do Adr ADR 91912E105 6,023 385,842 SH   SOLE   385,842 0 0
Delek Logistics Lp Com Unt RP Int 24664T103 245 8,000 SH   SOLE   8,000 0 0
Delek US Holdings Inc Com 246647101 1,065 50,500 SH   SOLE   50,500 0 0
Earthlink Inc Com 270321102 6,152 1,242,925 SH   SOLE   1,242,925 0 0
Exxon Mobil Corporation Com 30231G102 339 3,935 SH   SOLE   3,935 0 0
Fifth Street Finance Cp Com 31678A103 597 58,036 SH   SOLE   58,036 0 0
Ford Motor Company Com Par $0.01 345370860 254 15,060 SH   SOLE   15,060 0 0
Fortress Invt Gp Llc A CL A 34958B106 4,384 552,102 SH   SOLE   552,102 0 0
Gannett Co Inc Del Com 364730101 1,105 41,257 SH   SOLE   41,257 0 0
Gencor Industries Inc Com 368678108 154 18,000 SH   SOLE   18,000 0 0
General Electric Company COM 369604103 599 25,065 SH   SOLE   25,065 0 0
Goldman Sachs Group Inc Com 38141G104 378 2,389 SH   SOLE   2,389 0 0
Halliburton Co Hldg Co Com 406216101 241 5,000 SH   SOLE   5,000 0 0
Halozyme Therapeutics Com 40637H109 1,401 126,895 SH   SOLE   126,895 0 0
Hewlett-Packard Company Com 428236103 226 10,752 SH   SOLE   10,752 0 0
Hi-Crush Partners Lp Com Unit Ltd 428337109 688 26,128 SH   SOLE   26,128 0 0
Himax Technologies Adr Sponsored ADR 43289P106 366 36,600 SH   SOLE   36,600 0 0
Intel Corp Com 458140100 487 21,245 SH   SOLE   21,245 0 0
Johnson & Johnson Com 478160104 237 2,731 SH   SOLE   2,731 0 0
Kkr Financial Corp Com 482486306 997 96,480 SH   SOLE   96,480 0 0
Merck & Co Inc Com 58933Y105 353 7,415 SH   SOLE   7,415 0 0
MFC Industrial LTD Com 55278T105 608 72,397 SH   SOLE   72,397 0 0
Microsoft Corp Com 594918104 1,519 45,648 SH   SOLE   45,648 0 0
Mid-Con Energy Partn Lp Com Unit Repst 59560V109 517 22,095 SH   SOLE   22,095 0 0
National Oilwell Varco Com 637071101 12,413 158,916 SH   SOLE   158,916 0 0
Nationstar Mortgage Holdings Com 63861C109 1,559 27,730 SH   SOLE   27,730 0 0
Navios Maritime COM Y62196103 244 34,216 SH   SOLE   34,216 0 0
Navios Maritime Acqstn SHS Y62159101 525 142,770 SH   SOLE   142,770 0 0
Navios Maritime Ptnrs Unit LPI Y62267102 766 52,298 SH   SOLE   52,298 0 0
New Residential Inv Corp COM 64828T102 11,978 1,809,320 SH   SOLE   1,809,320 0 0
Newcastle Investment Cp Com 65105M108 10,885 1,936,855 SH   SOLE   1,936,855 0 0
Nokia Corp Spon Adr Sponsored ADR 654902204 77 11,850 SH   SOLE   11,850 0 0
Northstar Realty Fin Cp Com 66704R100 10,216 1,100,818 SH   SOLE   1,100,818 0 0
Pennantpark Cap Ltd COM 70806A106 270 19,568 SH   SOLE   19,568 0 0
Pennantpark Invt Corp COM 708062104 281 24,887 SH   SOLE   24,887 0 0
Pfizer Incorporated Com 717081103 1,055 36,726 SH   SOLE   36,726 0 0
Pimco Total Return ETF Totl Retn ETF 72201R775 275 2,600 SH   SOLE   2,600 0 0
Pitney Bowes Inc Com 724479100 8,728 479,846 SH   SOLE   479,846 0 0
Promotora De Info Adr Af ADR Cl A Shs 74343G204 245 145,105 SH   SOLE   145,105 0 0
Promotora De Info Adr Bf ADR CL B Conv 74343G303 1,747 937,484 SH   SOLE   937,484 0 0
Royal Dutch Shell A Adrf Spons ADR A 780259206 701 10,680 SH   SOLE   10,680 0 0
Seadrill Ltd SHS G7945E105 8,343 185,079 SH   SOLE   185,079 0 0
Sirius Satellite Radio Com 82967N108 52 13,500 SH   SOLE   13,500 0 0
Solar Capital Ltd Com 83413U100 511 23,030 SH   SOLE   23,030 0 0
Solar Senior Capital Com 83416M105 498 27,564 SH   SOLE   27,564 0 0
Starwood Ppty TRUST Inc Com 85571B105 869 36,234 SH   SOLE   36,234 0 0
Superior Energy Services Com 868157108 10,952 437,376 SH   SOLE   437,376 0 0
Teekay Corp Com Y8564W103 597 13,965 SH   SOLE   13,965 0 0
Teekay Lng Partners LPF Partnership Units Y8564M105 17,767 402,795 SH   SOLE   402,795 0 0
Teekay Offshore Partners Partnership Un Y8565J101 21,851 655,001 SH   SOLE   655,001 0 0
Teekay Tankers Ltd Cl Af CL A Y8565N102 8,365 3,192,829 SH   SOLE   3,192,829 0 0
Tronox Ltd Class A SHS CL A Q9235V101 8,650 353,511 SH   SOLE   353,511 0 0
Two Harbors Investment Com 90187B101 499 51,375 SH   SOLE   51,375 0 0
Valley National Bancorp Com 919794107 209 21,000 SH   SOLE   21,000 0 0
Visa Inc Cl A Com CL A 92826C839 1,078 5,641 SH   SOLE   5,641 0 0