The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
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| 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 |
| ARCH COAL INC | COM | 039380100 | 986 | 270,000 | SH | Call | DFND | 1 | 270,000 | 0 | 0 |
| BAIDU INC | SPON ADR REP A | 056752108 | 504 | 2,700 | SH | DFND | 1 | 2,700 | 0 | 0 | |
| NUVEEN SELECT QUALITY MUN FD | COM | 670973106 | 2,079 | 150,000 | SH | DFND | 1 | 150,000 | 0 | 0 | |
| NXP SEMICONDUCTORS N V | COM | N6596X109 | 3,375 | 51,000 | SH | DFND | 1 | 51,000 | 0 | 0 | |
| POWERSHARES ETF TRUST II | SENIOR LN PORT | 73936Q769 | 1,059 | 42,600 | SH | DFND | 1 | 42,600 | 0 | 0 | |
| QUALCOMM INC | COM | 747525103 | 3,097 | 39,100 | SH | DFND | 1 | 39,100 | 0 | 0 | |
| XL GROUP PLC | SHS | G98290102 | 2,965 | 90,600 | SH | DFND | 1 | 90,600 | 0 | 0 | |
| ALCENTRA CAP CORP | COM | 01374T102 | 955 | 64,284 | SH | DFND | 1 | 64,284 | 0 | 0 | |
| ALLIANCEBERNSTEIN INCOME FUN | COM | 01881E101 | 3,008 | 400,000 | SH | DFND | 1 | 400,000 | 0 | 0 | |
| ALLIED WRLD ASSUR COM HLDG A | SHS | H01531104 | 1,471 | 38,700 | SH | DFND | 1 | 38,700 | 0 | 0 | |
| AMERICAN AXLE & MFG HLDGS IN | COM | 024061103 | 5,469 | 289,500 | SH | DFND | 1 | 289,500 | 0 | 0 | |
| AMERICAN FINL GROUP INC OHIO | COM | 025932104 | 3,310 | 55,580 | SH | DFND | 1 | 55,580 | 0 | 0 | |
| APOLLO GLOBAL MGMT LLC | CL A SHS | 037612306 | 3,465 | 125,000 | SH | DFND | 1 | 125,000 | 0 | 0 | |
| APOLLO INVT CORP | COM | 03761U106 | 2,714 | 315,232 | SH | DFND | 1 | 315,232 | 0 | 0 | |
| APPLE INC | COM | 037833100 | 1,756 | 18,900 | SH | DFND | 1 | 18,900 | 0 | 0 | |
| ARES CAP CORP | COM | 04010L103 | 2,956 | 165,500 | SH | DFND | 1 | 165,500 | 0 | 0 | |
| BLACKROCK INCOME OPP TRUST I | COM | 092475102 | 6,351 | 584,825 | SH | DFND | 1 | 584,825 | 0 | 0 | |
| BLACKSTONE GROUP L P | COM UNIT LTD | 09253U108 | 5,016 | 150,000 | SH | DFND | 1 | 150,000 | 0 | 0 | |
| CARLYLE GROUP L P | COM UTS LTD PTN | 14309L102 | 2,378 | 70,030 | SH | DFND | 1 | 70,030 | 0 | 0 | |
| CHEVRON CORP NEW | COM | 166764100 | 4,915 | 37,650 | SH | DFND | 1 | 37,650 | 0 | 0 | |
| COLGATE PALMOLIVE CO | COM | 194162103 | 1,023 | 15,000 | SH | DFND | 1 | 15,000 | 0 | 0 | |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 | 9,544 | 246,500 | SH | DFND | 1 | 246,500 | 0 | 0 | |
| FIFTH STREET FINANCE CORP | COM | 31678A103 | 2,634 | 268,000 | SH | DFND | 1 | 268,000 | 0 | 0 | |
| FS INVT CORP | COM | 302635107 | 1,672 | 157,000 | SH | DFND | 1 | 157,000 | 0 | 0 | |
| HAIN CELESTIAL GROUP INC | COM | 405217100 | 976 | 11,000 | SH | DFND | 1 | 11,000 | 0 | 0 | |
| HANOVER INS GROUP INC | COM | 410867105 | 2,297 | 36,370 | SH | DFND | 1 | 36,370 | 0 | 0 | |
| HARTFORD FINL SVCS GROUP INC | COM | 416515104 | 2,193 | 61,250 | SH | DFND | 1 | 61,250 | 0 | 0 | |
| HERITAGE INS HLDGS INC | COM | 42727J102 | 1,141 | 75,000 | SH | DFND | 1 | 75,000 | 0 | 0 | |
| HEXCEL CORP NEW | COM | 428291108 | 3,027 | 74,000 | SH | DFND | 1 | 74,000 | 0 | 0 | |
| HOLLYSYS AUTOMATION TECHNOLO | SHS | G45667105 | 576 | 23,500 | SH | DFND | 1 | 23,500 | 0 | 0 | |
| INTEL CORP | COM | 458140100 | 1,885 | 61,000 | SH | DFND | 1 | 61,000 | 0 | 0 | |
| INVESCO MUN OPPORTUNITY TR | COM | 46132C107 | 6,250 | 496,000 | SH | DFND | 1 | 496,000 | 0 | 0 | |
| INVESCO MUN TR | COM | 46131J103 | 6,310 | 504,000 | SH | DFND | 1 | 504,000 | 0 | 0 | |
| INVESCO TR INVT GRADE MUNS | COM | 46131M106 | 3,909 | 300,000 | SH | DFND | 1 | 300,000 | 0 | 0 | |
| ISHARES | IBOXX HI YD ETF | 464288513 | 3,765 | 39,550 | SH | DFND | 1 | 39,550 | 0 | 0 | |
| LAZARD LTD | SHS A | G54050102 | 1,031 | 20,000 | SH | DFND | 1 | 20,000 | 0 | 0 | |
| LEAR CORP | COM NEW | 521865204 | 2,233 | 25,000 | SH | DFND | 1 | 25,000 | 0 | 0 | |
| LUXOTTICA GROUP S P A | SPONSORED ADR | 55068R202 | 1,020 | 17,600 | SH | DFND | 1 | 17,600 | 0 | 0 | |
| MASTERCARD INC | CL A | 57636Q104 | 478 | 6,500 | SH | DFND | 1 | 6,500 | 0 | 0 | |
| MEADOWBROOK INS GROUP INC | COM | 58319P108 | 288 | 40,000 | SH | DFND | 1 | 40,000 | 0 | 0 | |
| NAVIGATORS GROUP INC | COM | 638904102 | 1,341 | 20,000 | SH | DFND | 1 | 20,000 | 0 | 0 | |
| PLATINUM UNDERWRITER HLDGS L | COM | G7127P100 | 1,297 | 20,000 | SH | DFND | 1 | 20,000 | 0 | 0 | |
| PRECISION CASTPARTS CORP | COM | 740189105 | 5,629 | 22,300 | SH | DFND | 1 | 22,300 | 0 | 0 | |
| ROCKWELL AUTOMATION INC | COM | 773903109 | 5,467 | 43,680 | SH | DFND | 1 | 43,680 | 0 | 0 | |
| SUNCOR ENERGY INC NEW | COM | 867224107 | 5,235 | 122,800 | SH | DFND | 1 | 122,800 | 0 | 0 | |
| UNION PAC CORP | COM | 907818108 | 519 | 5,200 | SH | DFND | 1 | 5,200 | 0 | 0 | |
| UNITED CONTL HLDGS INC | COM | 910047109 | 7,719 | 187,950 | SH | DFND | 1 | 187,950 | 0 | 0 | |
| WABASH NATL CORP | COM | 929566107 | 3,477 | 244,000 | SH | DFND | 1 | 244,000 | 0 | 0 | |
| WAL-MART STORES INC | COM | 931142103 | 3,063 | 40,800 | SH | DFND | 1 | 40,800 | 0 | 0 | |
| WELLS FARGO & CO NEW | COM | 949746101 | 1,051 | 20,000 | SH | DFND | 1 | 20,000 | 0 | 0 | |