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 T & T Inc. COM 00206R102 236 6,420 SH   SOLE   0 0 6,420
Acadia Pharmaceuticals COM 04225108 119 15,000 SH   SOLE   0 0 15,000
Amarin Corp Plc New Adrf Spons adr new 023111206 592 79,955 SH   SOLE   0 0 79,955
Amicus Therapeutics Inc COM 03152W109 40 12,500 SH   SOLE   0 0 12,500
Antares Pharma Inc COM 036642106 49 13,750 SH   SOLE   0 0 13,750
Apple Computer Inc COM 037833100 562 1,269 SH   SOLE   0 0 1,269
Ares Coml Real Estate COM 04013V108 442 26,145 SH   SOLE   0 0 26,145
Bank Of America Corp Com 060505104 192 15,745 SH   SOLE   0 0 15,745
Berkshire Hathaway Cl B Cl B new 08467070c 696 6,683 SH   SOLE   0 0 6,683
Calumet Specialty Prod UT LTD Partner 131476103 8,240 221,210 SH   SOLE   0 0 221,210
Cedar Realty TRUST Pfd Co Unit LP Y11082107 450 17,910 SH   SOLE   0 0 17,910
Chevrontexaco Corp Com 166764100 245 2,059 SH   SOLE   0 0 2,059
Chimera Investment Corp com 16934Q109 40 12,500 SH   SOLE   0 0 12,500
Companhia Vale Do Adr ADR 91912E105 6,255 361,759 SH   SOLE   0 0 361,759
Earthlink Inc Com 270321102 5,684 1,050,655 SH   SOLE   0 0 1,050,655
Exxon Mobil Corporation Com 30231G102 478 5,306 SH   SOLE   0 0 5,306
Fifth Street Finance Cp COM 31678A103 425 38,570 SH   SOLE   0 0 38,570
Gannett Co Inc Del Com 364730101 831 37,990 SH   SOLE   0 0 37,990
Gencor Industries Inc Com 368678108 129 18,000 SH   SOLE   0 0 18,000
Goldman Sachs Group Inc Com 38141G104 335 2,273 SH   SOLE   0 0 2,273
Hi-Crush Partners Lp COM Unit LTD 428337109 418 22,410 SH   SOLE   0 0 22,410
Johnson & Johnson COM 478160104 248 3,044 SH   SOLE   0 0 3,044
Kkr Financial Corp COM 482476306 785 70,930 SH   SOLE   0 0 70,930
Metlife Inc Com 59156R108 3,600 94,684 SH   SOLE   0 0 94,684
MFC Industrial LTD COM 601073109 453 49,947 SH   SOLE   0 0 49,947
National Oilwell Varco Com 637071101 10,167 143,707 SH   SOLE   0 0 143,707
Navios Maritime COM Y62196103 498 109,010 SH   SOLE   0 0 109,010
Navios Maritime Acqstn SHS Y62159101 395 114,695 SH   SOLE   0 0 114,695
Navios Maritime Ptnrs Unit LPI Y62267102 341 23,520 SH   SOLE   0 0 23,520
Newcastle Investment Cp Com 65105M108 15,088 1,350,754 SH   SOLE   0 0 1,350,754
Northstar Realty Fin Cp COM 66704R100 9,442 996,015 SH   SOLE   0 0 996,015
Promotora De Info Adr Af ADR Cl A SHS 74343G204 162 147,313 SH   SOLE   0 0 147,313
Promotora De Info Adr Bf ADR CL B CON 74343G303 1,172 952,874 SH   SOLE   0 0 952,874
Proshs Ultrashrt S&P PSHS ULSHT SP500 74347R883 3,152 71,740 SH   SOLE   0 0 71,740
Prudential Financial Inc Com 744320102 1,918 32,516 SH   SOLE   0 0 32,516
Royal Dutch Shell A Adrf Spons ADR A 780259206 516 7,920 SH   SOLE   0 0 7,920
Seadrill Ltd SHS G7945E105 8,457 227,276 SH   SOLE   0 0 227,276
Sigma Aldrich Corp Com 826552101 297 3,820 SH   SOLE   0 0 3,820
Sirius Satellite Radio Com 82967N108 47 15,400 SH   SOLE   0 0 15,400
Solar Capital Ltd COM 83413U100 327 13,910 SH   SOLE   0 0 13,910
Solar Senior Capital COM 83416M105 343 17,875 SH   SOLE   0 0 17,875
Starwood Ppty TRUST Inc COM 85571B105 523 18,840 SH   SOLE   0 0 18,840
Superior Energy Services COM 868157108 10,844 417,576 SH   SOLE   0 0 417,576
Teekay Lng Partners LPF Partnership Units Y8564M105 17,670 426,510 SH   SOLE   0 0 426,510
Teekay Offshore Partners Partnership Units Y8565J101 20,629 683,303 SH   SOLE   0 0 683,303
Teekay Tankers Ltd Cl Af CL A Y8565N102 9,873 3,456,018 SH   SOLE   0 0 3,456,018
Tronox Ltd Class A SHS CL A Q9235V101 6,454 325,805 SH   SOLE   0 0 325,805
Two Harbors Investment COM 90187B101 383 30,340 SH   SOLE   0 0 30,340