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
ARCHER DANIELS MIDLAND Com 039483102 6,377 150,007 SH   DFND 1 6,377 0 0
ARCHER DANIELS MIDLAND Com 039483102 5,313 124,993 SH   DFND 2 5,313 0 0
ARCHER DANIELS MIDLAND Com 039483102 7,439 175,000 SH   DFND 3 7,439 0 0
ASTRAZENECA PLC-SPONS ADR Com 046353108 13,891 410,000 SH   DFND 1 13,891 0 0
ASTRAZENECA PLC-SPONS ADR Com 046353108 3,049 90,000 SH   DFND 2 3,049 0 0
BP PLC - SPONS ADR Com 055622104 4,227 110,000 SH   DFND 1 4,227 0 0
BP PLC - SPONS ADR Com 055622104 11,145 290,000 SH   DFND 2 11,145 0 0
COMMUNITY HEALTH SYSTEMS Com 203668116 7 600,000 SH   DFND 1 7 0 0
COMMUNITY HEALTH SYSTEMS Com 203668116 1 100,000 SH   DFND 0 1 0 0
COMMUNITY HEALTH SYSTEMS Com 203668116 8 700,000 SH   DFND 2 8 0 0
COMMUNITY HEALTH SYSTEMS Com 203668116 7 600,000 SH   DFND 3 7 0 0
EGAIN CORP Com 28225C806 58 21,355 SH   DFND 3 58 0 0
ERICSSON LM TEL Com 294821608 3,082 536,000 SH   DFND 1 3,082 0 0
ERICSSON LM TEL Com 294821608 3,243 564,000 SH   DFND 2 3,243 0 0
ERICSSON LM TEL Com 294821608 2,300 400,000 SH   DFND 3 2,300 0 0
GLAXOSMITHKLINE PLC-SPON Com 37733W105 11,409 281,000 SH   DFND 1 11,409 0 0
GLAXOSMITHKLINE PLC-SPON Com 37733W105 4,831 119,000 SH   DFND 2 4,831 0 0
JP MORGAN CHASE & CO Com 46625H100 10,850 113,600 SH   DFND 1 10,850 0 0
JP MORGAN CHASE & CO Com 46625H100 3,820 40,000 SH   DFND 2 3,820 0 0
JP MORGAN CHASE & CO Com 46625H100 4,432 46,400 SH   DFND 3 4,432 0 0
MERCK & CO INC Com 58933Y105 6,403 100,000 SH   DFND 1 6,403 0 0
MERCK & CO INC Com 58933Y105 12,806 200,000 SH   DFND 2 12,806 0 0
MORGAN STANLEY Com 617446448 10,116 210,000 SH   DFND 1 10,116 0 0
MORGAN STANLEY Com 617446448 9,152 190,000 SH   DFND 2 9,152 0 0
MORGAN STANLEY Com 617446448 4,358 90,472 SH   DFND 3 4,358 0 0
NEWSTAR FINANCIAL INC Com 65251F105 572 48,679 SH   DFND 0 571 0 0
NEWSTAR FINANCIAL INC Com 65251F105 362 30,872 SH   DFND 3 362 0 0
NEWTEK BUSINESS SERVICES INC Com 652526203 275 15,452 SH   DFND 1 275 0 0
NEWTEK BUSINESS SERVICES INC Com 652526203 6 179 SH   DFND 0 3 0 0
NEWTEK BUSINESS SERVICES INC Com 652526203 2 126 SH   DFND 3 2 0 0
PFIZER INC Com 717081103 13,449 376,725 SH   DFND 1 13,449 0 0
PFIZER INC Com 717081103 703 19,700 SH   DFND 0 703 0 0
PFIZER INC Com 717081103 128 3,575 SH   DFND 2 128 0 0
QUORUM HEALTH CORP Com 74909E106 572 110,413 SH   DFND 1 572 0 0
QUORUM HEALTH CORP Com 74909E106 9 1,735 SH   DFND 0 9 0 0
QUORUM HEALTH CORP Com 74909E106 322 62,148 SH   DFND 2 322 0 0
QUORUM HEALTH CORP Com 74909E106 54 10,413 SH   DFND 3 54 0 0
ROYAL DUTCH SHELL PLC-ADR A Com 780259206 6,058 100,000 SH   DFND 1 6,058 0 0
ROYAL DUTCH SHELL PLC-ADR A Com 780259206 6,058 100,000 SH   DFND 3 6,058 0 0
SANOFI-AVENTIS Com 80105N105 14,937 300,000 SH   DFND 1 14,937 0 0
SANOFI-AVENTIS Com 80105N105 7,469 150,000 SH   DFND 2 7,469 0 0
STAGE STORES INC Com 85254C305 0 2 SH   DFND 0 0 0 0
STAGE STORES INC Com 85254C305 30 16,489 SH   DFND 3 30 0 0
TOTAL SA-SOPN ADR Com 89151E109 10,704 200,000 SH   DFND 1 10,704 0 0
TOTAL SA-SOPN ADR Com 89151E109 5,352 100,000 SH   DFND 2 5,352 0 0
WESTERN UNION CO THE Com 959802109 3,840 200,000 SH   DFND 1 3,840 0 0
WESTERN UNION CO THE Com 959802109 9,600 500,000 SH   DFND 2 9,600 0 0
WILLIAMS COMPANIES INC Com 969457100 10,504 350,000 SH   DFND 2 10,504 0 0