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 |
ABERDEEN ASIA PACIFIC INCOM | COM | 003009107 | 322 | 64,175 | SH | | DFND | | 0 | 64,175 | 0 |
ACADIA HEALTHCARE COMPANY IN | COM | 00404A109 | 1,014 | 18,300 | SH | | DFND | | 0 | 18,300 | 0 |
ACCELERON PHARMA INC | COM | 00434H108 | 941 | 27,700 | SH | | DFND | | 0 | 27,700 | 0 |
ADEPTUS HEALTH INC | CL A | 006855100 | 2,015 | 39,000 | SH | | DFND | | 0 | 39,000 | 0 |
ADVANCED MICRO DEVICES INC | COM | 007903107 | 73 | 647,900 | SH | Put | DFND | | 0 | 647,900 | 0 |
ADVENT CLAY CONV SEC INC FD | COM | 007639107 | 600 | 108,706 | SH | | DFND | | 0 | 108,706 | 0 |
ADVENT CLAYMORE CV SECS & IN | COM | 00764C109 | 3,425 | 245,541 | SH | | DFND | | 0 | 245,541 | 0 |
ADVENT CLAYMORE ENH GRW & IN | COM | 00765E104 | 4,882 | 596,036 | SH | | DFND | | 0 | 596,036 | 0 |
AETNA INC NEW | COM | 00817Y108 | 2,076 | 17,000 | SH | | DFND | | 0 | 17,000 | 0 |
AGILENT TECHNOLOGIES INC | COM | 00846U101 | 994 | 22,400 | SH | | DFND | | 0 | 22,400 | 0 |
ALEXION PHARMACEUTICALS INC | COM | 015351109 | 6,305 | 54,000 | SH | | DFND | | 0 | 54,000 | 0 |
ALKERMES PLC | SHS | G01767105 | 1,102 | 25,500 | SH | | DFND | | 0 | 25,500 | 0 |
ALLERGAN PLC | SHS | G0177J108 | 4,899 | 21,200 | SH | | DFND | | 0 | 21,200 | 0 |
ALPS ETF TR | ALERIAN MLP | 00162Q866 | 5 | 100,000 | SH | Put | DFND | | 0 | 100,000 | 0 |
AMERICAN CAP SR FLOATING LTD | COM | 02504D108 | 208 | 20,283 | SH | | DFND | | 0 | 20,283 | 0 |
AMSURG CORP | COM | 03232P405 | 543 | 7,000 | SH | | DFND | | 0 | 7,000 | 0 |
ANTERO RES CORP | COM | 03674X106 | 2,167 | 83,400 | SH | | DFND | | 0 | 83,400 | 0 |
APOLLO RESIDENTIAL MTG INC | COM | 03763V102 | 72 | 56,100 | SH | Call | DFND | | 0 | 56,100 | 0 |
APOLLO SR FLOATING RATE FD I | COM | 037636107 | 5,610 | 355,087 | SH | | DFND | | 0 | 355,087 | 0 |
APOLLO TACTICAL INCOME FD IN | COM | 037638103 | 1,330 | 92,200 | SH | | DFND | | 0 | 92,200 | 0 |
ARBUTUS BIOPHARMA CORP | COM | 03879J100 | 313 | 89,800 | SH | | DFND | | 0 | 89,800 | 0 |
ARES DYNAMIC CR ALLOCATION F | COM | 04014F102 | 5,727 | 416,513 | SH | | DFND | | 0 | 416,513 | 0 |
ARIAD PHARMACEUTICALS INC | COM | 04033A100 | 1,249 | 169,000 | SH | | DFND | | 0 | 169,000 | 0 |
ASSURED GUARANTY LTD | COM | G0585R106 | 35 | 100,000 | SH | Put | DFND | | 0 | 100,000 | 0 |
ASTRAZENECA PLC | SPONSORED ADR | 046353108 | 32 | 134,500 | SH | Put | DFND | | 0 | 134,500 | 0 |
ASTRAZENECA PLC | SPONSORED ADR | 046353108 | 770 | 25,500 | SH | | DFND | | 0 | 25,500 | 0 |
AVENUE INCOME CR STRATEGIES | COM | 05358E106 | 1,209 | 100,907 | SH | | DFND | | 0 | 100,907 | 0 |
BARCLAYS BK PLC | IPATH S&P500 VIX | 06742E711 | 270 | 450,500 | SH | Put | DFND | | 0 | 450,500 | 0 |
BIOGEN INC | COM | 09062X103 | 1,858 | 7,682 | SH | | DFND | | 0 | 7,682 | 0 |
BIOMARIN PHARMACEUTICAL INC | COM | 09061G101 | 5,981 | 76,872 | SH | | DFND | | 0 | 76,872 | 0 |
BLACKROCK FLOAT RATE OME STR | COM | 09255X100 | 2,823 | 214,675 | SH | | DFND | | 0 | 214,675 | 0 |
BLACKROCK MULTI-SECTOR INC T | COM | 09258A107 | 288 | 17,417 | SH | | DFND | | 0 | 17,417 | 0 |
BLACKROCK MUNI INTER DR FD I | COM | 09253X102 | 393 | 25,787 | SH | | DFND | | 0 | 25,787 | 0 |
BLACKSTONE GSO LNG SHRT CR I | COM SHS BN INT | 09257D102 | 5,123 | 354,512 | SH | | DFND | | 0 | 354,512 | 0 |
BLACKSTONE GSO STRATEGIC CR | COM SHS BEN IN | 09257R101 | 7,596 | 527,854 | SH | | DFND | | 0 | 527,854 | 0 |
BLUEBIRD BIO INC | COM | 09609G100 | 913 | 21,100 | SH | | DFND | | 0 | 21,100 | 0 |
BOULDER GROWTH & INCOME FD I | COM | 101507101 | 10,314 | 1,268,583 | SH | | DFND | | 0 | 1,268,583 | 0 |
BUCKEYE PARTNERS L P | UNIT LTD PARTN | 118230101 | 1,393 | 19,800 | SH | | DFND | | 0 | 19,800 | 0 |
CALAMOS CONV & HIGH INCOME F | COM SHS | 12811P108 | 304 | 28,669 | SH | | DFND | | 0 | 28,669 | 0 |
CALAMOS CONV OPP AND INC FD | SH BEN INT | 128117108 | 1,077 | 109,600 | SH | | DFND | | 0 | 109,600 | 0 |
CALAMOS GBL DYN INCOME FUND | COM | 12811L107 | 2,876 | 409,670 | SH | | DFND | | 0 | 409,670 | 0 |
CALAMOS GLOBAL TOTAL RETURN | COM SH BEN INT | 128118106 | 1,246 | 114,443 | SH | | DFND | | 0 | 114,443 | 0 |
CELGENE CORP | COM | 151020104 | 5,967 | 60,500 | SH | | DFND | | 0 | 60,500 | 0 |
CLEAR CHANNEL OUTDOOR HLDGS | CL A | 18451C109 | 892 | 143,430 | SH | | DFND | | 0 | 143,430 | 0 |
CLOUGH GLOBAL EQUITY FD | COM | 18914C100 | 408 | 38,119 | SH | | DFND | | 0 | 38,119 | 0 |
CLOUGH GLOBAL OPPORTUNITIES | SH BEN INT | 18914E106 | 1,909 | 204,629 | SH | | DFND | | 0 | 204,629 | 0 |
COMSTOCK RES INC | COM NEW | 205768203 | 237 | 282,492 | SH | | DFND | | 0 | 282,492 | 0 |
CROSSROADS CAP INC | COM | 227656105 | 112 | 54,278 | SH | | DFND | | 0 | 54,278 | 0 |
DEUTSCHE HIGH INCOME OPPORT | COM | 25158Y102 | 1,698 | 124,823 | SH | | DFND | | 0 | 124,823 | 0 |
DEUTSCHE MULTI-MKT INCOME TR | SHS | 25160E102 | 1,834 | 225,000 | SH | | DFND | | 0 | 225,000 | 0 |
DEUTSCHE STRATEGIC INCOME TR | SHS | 25160F109 | 454 | 39,526 | SH | | DFND | | 0 | 39,526 | 0 |
DIAGEO P L C | SPON ADR NEW | 25243Q205 | 9 | 55,000 | SH | Put | DFND | | 0 | 55,000 | 0 |
DOUBLELINE INCOME SOLUTIONS | COM | 258622109 | 225 | 12,259 | SH | | DFND | | 0 | 12,259 | 0 |
EATON VANCE FLTG RATE INCOM | COM SHS BEN INT | 278284104 | 1,885 | 125,815 | SH | | DFND | | 0 | 125,815 | 0 |
EATON VANCE FLTING RATE INC | COM | 278279104 | 423 | 31,505 | SH | | DFND | | 0 | 31,505 | 0 |
EATON VANCE LTD DUR INCOME F | COM | 27828H105 | 328 | 24,410 | SH | | DFND | | 0 | 24,410 | 0 |
EATON VANCE SR FLTNG RTE TR | COM | 27828Q105 | 1,040 | 79,541 | SH | | DFND | | 0 | 79,541 | 0 |
EATON VANCE SR INCOME TR | SH BEN INT | 27826S103 | 4,989 | 830,039 | SH | | DFND | | 0 | 830,039 | 0 |
ENBRIDGE ENERGY PARTNERS L P | COM | 29250R106 | 1,431 | 61,700 | SH | | DFND | | 0 | 61,700 | 0 |
ENTERPRISE PRODS PARTNERS L | COM | 293792107 | 7,605 | 259,900 | SH | | DFND | | 0 | 259,900 | 0 |
ENVISION HEALTHCARE HLDGS IN | COM | 29413U103 | 926 | 36,500 | SH | | DFND | | 0 | 36,500 | 0 |
EQT MIDSTREAM PARTNERS LP | UNIT LTD PARTN | 26885B100 | 7,323 | 91,190 | SH | | DFND | | 0 | 91,190 | 0 |
EVERI HLDGS INC | COM | 30034T103 | 338 | 294,313 | SH | | DFND | | 0 | 294,313 | 0 |
FIDUCIARY CLAYMORE MLP OPP F | COM | 31647Q106 | 1,434 | 103,891 | SH | | DFND | | 0 | 103,891 | 0 |
FIFTH STR SR FLOATNG RATE CO | COM | 31679F101 | 2,038 | 255,986 | SH | | DFND | | 0 | 255,986 | 0 |
FIFTH STREET FINANCE CORP | COM | 31678A103 | 1,940 | 400,000 | SH | | DFND | | 0 | 400,000 | 0 |
FIRST TR STRATEGIC HIGH INC | COM SHS NEW | 337353304 | 1,131 | 94,542 | SH | | DFND | | 0 | 94,542 | 0 |
GILEAD SCIENCES INC | COM | 375558103 | 5,347 | 64,100 | SH | | DFND | | 0 | 64,100 | 0 |
GLAXOSMITHKLINE PLC | SPONSORED ADR | 37733W105 | 16 | 112,500 | SH | Put | DFND | | 0 | 112,500 | 0 |
GLOBAL PARTNERS LP | COM UNITS | 37946R109 | 4 | 20,000 | SH | Call | DFND | | 0 | 20,000 | 0 |
HALCON RES CORP | COM PAR | 40537Q506 | 9 | 20,000 | SH | | DFND | | 0 | 20,000 | 0 |
HCA HOLDINGS INC | COM | 40412C101 | 3,581 | 46,500 | SH | | DFND | | 0 | 46,500 | 0 |
INCYTE CORP | COM | 45337C102 | 3,543 | 44,300 | SH | | DFND | | 0 | 44,300 | 0 |
INVESCO DYNAMIC CR OPP FD | COM | 46132R104 | 12,919 | 1,172,288 | SH | | DFND | | 0 | 1,172,288 | 0 |
INVESCO SR INCOME TR | COM | 46131H107 | 3,446 | 824,372 | SH | | DFND | | 0 | 824,372 | 0 |
IRONWOOD PHARMACEUTICALS INC | COM CL A | 46333X108 | 503 | 38,500 | SH | | DFND | | 0 | 38,500 | 0 |
ISHARES | MSCI GERMANY ETF | 464286806 | 1 | 20,000 | SH | Put | DFND | | 0 | 20,000 | 0 |
ISHARES | MSCI GERMANY ETF | 464286806 | 202 | 8,400 | SH | | DFND | | 0 | 8,400 | 0 |
ISHARES TR | NASDQ BIOTEC ETF | 464287556 | 721 | 2,800 | SH | | DFND | | 0 | 2,800 | 0 |
ISHARES TR | NASDQ BIOTEC ETF | 464287556 | 1,508 | 123,400 | SH | Put | DFND | | 0 | 123,400 | 0 |
ISHARES TR | RUSSELL 2000 ETF | 464287655 | 10 | 25,000 | SH | Put | DFND | | 0 | 25,000 | 0 |
ISHARES TR | IBOXX HI YD ETF | 464288513 | 40 | 72,400 | SH | Call | DFND | | 0 | 72,400 | 0 |
ISHARES TR | IBOXX HI YD ETF | 464288513 | 1 | 20,000 | SH | Put | DFND | | 0 | 20,000 | 0 |
JAZZ PHARMACEUTICALS PLC | SHS USD | G50871105 | 4,013 | 28,400 | SH | | DFND | | 0 | 28,400 | 0 |
JPMORGAN CHINA REGION FD INC | COM | 48126T104 | 735 | 48,364 | SH | | DFND | | 0 | 48,364 | 0 |
JUNO THERAPEUTICS INC | COM | 48205A109 | 680 | 17,700 | SH | | DFND | | 0 | 17,700 | 0 |
KINDER MORGAN INC DEL | COM | 49456B101 | 562 | 30,000 | SH | | DFND | | 0 | 30,000 | 0 |
KITE PHARMA INC | COM | 49803L109 | 465 | 9,300 | SH | | DFND | | 0 | 9,300 | 0 |
LIBERTY ALL STAR EQUITY FD | SH BEN INT | 530158104 | 2,368 | 471,748 | SH | | DFND | | 0 | 471,748 | 0 |
LMP CAP & INCOME FD INC | COM | 50208A102 | 1,200 | 91,388 | SH | | DFND | | 0 | 91,388 | 0 |
MAGELLAN MIDSTREAM PRTNRS LP | COM UNIT RP LP | 559080106 | 7,535 | 99,140 | SH | | DFND | | 0 | 99,140 | 0 |
MASIMO CORP | COM | 574795100 | 1,696 | 32,300 | SH | | DFND | | 0 | 32,300 | 0 |
MEDIVATION INC | COM | 58501N101 | 5,566 | 92,300 | SH | | DFND | | 0 | 92,300 | 0 |
MERRIMACK PHARMACEUTICALS IN | COM | 590328100 | 340 | 63,090 | SH | | DFND | | 0 | 63,090 | 0 |
MPLX LP | COM UNIT REP LTD | 55336V100 | 1,423 | 42,300 | SH | | DFND | | 0 | 42,300 | 0 |
NATERA INC | COM | 632307104 | 601 | 49,800 | SH | | DFND | | 0 | 49,800 | 0 |
NEUBERGER BERMAN RE ES SEC F | COM | 64190A103 | 6,332 | 1,114,804 | SH | | DFND | | 0 | 1,114,804 | 0 |
NEVRO CORP | COM | 64157F103 | 954 | 12,935 | SH | | DFND | | 0 | 12,935 | 0 |
NORTHSTAR ASSET MGMT GROUP I | COM | 66705Y104 | 1,123 | 110,000 | SH | | DFND | | 0 | 110,000 | 0 |
NORTHSTAR RLTY FIN CORP | COM | 66704R803 | 1,143 | 100,000 | SH | | DFND | | 0 | 100,000 | 0 |
NOVAVAX INC | COM | 670002104 | 154 | 21,200 | SH | | DFND | | 0 | 21,200 | 0 |
NUVEEN CR STRATEGIES INCM FD | COM SHS | 67073D102 | 13,678 | 1,692,794 | SH | | DFND | | 0 | 1,692,794 | 0 |
NUVEEN DIVERSIFIED COMMODTY | COM UT BEN INT | 67074P104 | 886 | 90,246 | SH | | DFND | | 0 | 90,246 | 0 |
NUVEEN FLOATING RATE INCOME | COM | 67072T108 | 1,607 | 155,373 | SH | | DFND | | 0 | 155,373 | 0 |
NUVEEN LG/SHT COMMODITY TOTR | COM UT BEN INT | 670731108 | 4,270 | 287,709 | SH | | DFND | | 0 | 287,709 | 0 |
NUVEEN SHT DUR CR OPP FD | COM | 67074X107 | 5,260 | 334,609 | SH | | DFND | | 0 | 334,609 | 0 |
NUVEEN SR INCOME FD | COM | 67067Y104 | 6,844 | 1,133,120 | SH | | DFND | | 0 | 1,133,120 | 0 |
ONEOK PARTNERS LP | UNIT LTD PARTN | 68268N103 | 1,406 | 35,100 | SH | | DFND | | 0 | 35,100 | 0 |
PFIZER INC | COM | 717081103 | 52 | 60,000 | SH | Call | DFND | | 0 | 60,000 | 0 |
PIMCO DYNAMIC CR INCOME FD | COM SHS | 72202D106 | 340 | 17,755 | SH | | DFND | | 0 | 17,755 | 0 |
PIONEER FLOATING RATE TR | COM | 72369J102 | 3,630 | 322,069 | SH | | DFND | | 0 | 322,069 | 0 |
PLAINS ALL AMERN PIPELINE L | UNIT LTD PARTN | 726503105 | 1,421 | 51,700 | SH | | DFND | | 0 | 51,700 | 0 |
PROTHENA CORP PLC | SHS | G72800108 | 1,157 | 33,104 | SH | | DFND | | 0 | 33,104 | 0 |
RADIO ONE INC | CL D NON VTG | 75040P405 | 222 | 69,481 | SH | | DFND | | 0 | 69,481 | 0 |
REGENERON PHARMACEUTICALS | COM | 75886F107 | 5,744 | 16,448 | SH | | DFND | | 0 | 16,448 | 0 |
RMR REAL ESTATE INCOME FUND | COM | 76970B101 | 9,163 | 427,970 | SH | | DFND | | 0 | 427,970 | 0 |
ROYAL DUTCH SHELL PLC | SPONS ADR A | 780259206 | 18 | 131,300 | SH | Put | DFND | | 0 | 131,300 | 0 |
SHIRE PLC | SPONSORED ADR | 82481R106 | 6,506 | 35,343 | SH | | DFND | | 0 | 35,343 | 0 |
SPARK THERAPEUTICS INC | COM | 84652J103 | 1,030 | 20,150 | SH | | DFND | | 0 | 20,150 | 0 |
SPDR GOLD TRUST | GOLD SHS | 78463V107 | 7 | 20,000 | SH | Call | DFND | | 0 | 20,000 | 0 |
SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 40 | 25,000 | SH | Put | DFND | | 0 | 25,000 | 0 |
SPDR SERIES TRUST | BRC HGH YLD BD | 78464A417 | 60 | 200,000 | SH | Call | DFND | | 0 | 200,000 | 0 |
SPDR SERIES TRUST | S&P OILGAS EXP | 78464A730 | 12 | 11,000 | SH | Call | DFND | | 0 | 11,000 | 0 |
SPDR SERIES TRUST | S&P OILGAS EXP | 78464A730 | 14 | 10,000 | SH | Put | DFND | | 0 | 10,000 | 0 |
SPDR SERIES TRUST | S&P BIOTECH | 78464A870 | 992 | 378,500 | SH | Put | DFND | | 0 | 378,500 | 0 |
SPDR SERIES TRUST | S&P HOMEBUILD | 78464A888 | 305 | 9,100 | SH | | DFND | | 0 | 9,100 | 0 |
SPECTRA ENERGY PARTNERS LP | COM | 84756N109 | 7,053 | 149,500 | SH | | DFND | | 0 | 149,500 | 0 |
SURGERY PARTNERS INC | COM | 86881A100 | 612 | 34,200 | SH | | DFND | | 0 | 34,200 | 0 |
TC PIPELINES LP | UT COM LTD PRT | 87233Q108 | 1,391 | 24,300 | SH | | DFND | | 0 | 24,300 | 0 |
TENET HEALTHCARE CORP | COM NEW | 88033G407 | 2,197 | 79,500 | SH | | DFND | | 0 | 79,500 | 0 |
THL CR SR LN FD | COM | 87244R103 | 1,420 | 88,290 | SH | | DFND | | 0 | 88,290 | 0 |
VIRTUS TOTAL RETURN FD | COM | 92829A103 | 1,199 | 258,395 | SH | | DFND | | 0 | 258,395 | 0 |
VODAFONE GROUP PLC NEW | SPNSR ADR | 92857W308 | 1,421 | 46,000 | SH | | DFND | | 0 | 46,000 | 0 |
VODAFONE GROUP PLC NEW | SPNSR ADR | 92857W308 | 65 | 152,500 | SH | Put | DFND | | 0 | 152,500 | 0 |
VOYA PRIME RATE TR | SH BEN INT | 92913A100 | 1,556 | 303,885 | SH | | DFND | | 0 | 303,885 | 0 |
WESTERN ASSET CLYM INFL OPP | COM | 95766R104 | 1,475 | 132,785 | SH | | DFND | | 0 | 132,785 | 0 |
WESTERN ASSET CLYM INFL SEC | COM SH BEN INT | 95766Q106 | 1,693 | 147,462 | SH | | DFND | | 0 | 147,462 | 0 |
WESTERN ASSET CORPORATE LN F | COM | 95790J102 | 2,388 | 230,685 | SH | | DFND | | 0 | 230,685 | 0 |
WHITING PETE CORP NEW | COM | 966387102 | 12 | 20,000 | SH | Put | DFND | | 0 | 20,000 | 0 |
ZAIS FINL CORP | COM | 98886K108 | 2,913 | 212,500 | SH | | DFND | | 0 | 212,500 | 0 |
ZWEIG FD | COM NEW | 989834205 | 288 | 22,884 | SH | | DFND | | 0 | 22,884 | 0 |