Pacific Alternative Asset Management 13F-HR Quarterly holdings report by institutional manager

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
Expires:	Oct 31, 2018
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
21VIANET GROUP INC	SPONSORED ADR	90138A103	2,341	130,050	SH		DFND		0	130,050	0
ABBOTT LABS	COM	002824100	815	19,593	SH		DFND		0	19,593	0
ABBVIE INC	COM	00287Y109	4,424	76,598	SH		DFND		0	76,598	0
ABENGOA YIELD PLC	ORD SHS	G00349103	4,688	131,773	SH		DFND		0	131,773	0
ACTAVIS PLC	SHS	G0083B108	29,697	123,079	SH		DFND	1	0	123,079	0
AFFYMETRIX INC	COM	00826T108	165	20,668	SH		DFND		0	20,668	0
AGILENT TECHNOLOGIES INC	COM	00846U101	3,665	64,317	SH		DFND		0	64,317	0
AIR METHODS CORP	COM PAR $.06	009128307	204	3,670	SH		DFND		0	3,670	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	2,888	32,500	SH		DFND		0	32,500	0
ALLERGAN INC	COM	018490102	47,823	268,380	SH		DFND	1,2	0	268,380	0
ALLSCRIPTS HEALTHCARE SOLUTN	COM	01988P108	274	20,448	SH		DFND		0	20,448	0
AMERICAN EAGLE OUTFITTERS NE	COM	02553E106	3,505	241,357	SH		DFND		0	241,357	0
AMERICAN INTL GROUP INC	COM NEW	026874784	7,184	132,993	SH		DFND		0	132,993	0
AMERISOURCEBERGEN CORP	COM	03073E105	1,212	15,685	SH		DFND	3	0	15,685	0
AMPHASTAR PHARMACEUTICALS IN	COM	03209R103	863	74,048	SH		DFND		0	74,048	0
AMPIO PHARMACEUTICALS INC	COM	03209T109	140	39,629	SH		DFND		0	39,629	0
ANADARKO PETE CORP	COM	032511107	7,892	77,800	SH	Call	DFND		0	77,800	0
APPLE INC	COM	037833100	4,524	44,900	SH		DFND		0	44,900	0
ARIAD PHARMACEUTICALS INC	COM	04033A100	1,578	292,300	SH	Call	DFND		0	292,300	0
ASHLAND INC NEW	COM	044209104	6,638	63,761	SH		DFND		0	63,761	0
AUSPEX PHARMACEUTICALS INC	COM	05211J102	881	34,316	SH		DFND		0	34,316	0
AUTOLIV INC	COM	052800109	10,277	111,808	SH		DFND		0	111,808	0
AVX CORP NEW	COM	002444107	581	43,745	SH		DFND		0	43,745	0
BAIDU INC	SPON ADR REP A	056752108	4,692	21,500	SH		DFND		0	21,500	0
BAKER HUGHES INC	COM	057224107	1,752	26,927	SH		DFND		0	26,927	0
BANCOLOMBIA S A	SPON ADR PREF	05968L102	1,643	28,959	SH		DFND		0	28,959	0
BARD C R INC	COM	067383109	4,186	29,332	SH		DFND	3	0	29,332	0
BAXTER INTL INC	COM	071813109	781	10,881	SH		DFND		0	10,881	0
BECTON DICKINSON & CO	COM	075887109	1,799	15,809	SH		DFND	3	0	15,809	0
BIOGEN IDEC INC	COM	09062X103	2,969	8,974	SH		DFND		0	8,974	0
BOSTON SCIENTIFIC CORP	COM	101137107	724	61,288	SH		DFND		0	61,288	0
BROOKDALE SR LIVING INC	COM	112463104	7,310	226,889	SH		DFND	4	0	226,889	0
BRUKER CORP	COM	116794108	202	10,935	SH		DFND		0	10,935	0
C D I CORP	COM	125071100	598	41,179	SH		DFND	3	0	41,179	0
CABOT CORP	COM	127055101	2,517	49,580	SH		DFND	3	0	49,580	0
CALIX INC	COM	13100M509	3,775	394,494	SH		DFND		0	394,494	0
CARDINAL HEALTH INC	COM	14149Y108	1,428	19,057	SH		DFND	3	0	19,057	0
CAREFUSION CORP	COM	14170T101	798	17,627	SH		DFND		0	17,627	0
CELGENE CORP	COM	151020104	1,351	14,253	SH		DFND		0	14,253	0
CHARLES RIV LABS INTL INC	COM	159864107	749	12,546	SH		DFND		0	12,546	0
CHICOS FAS INC	COM	168615102	5,751	389,377	SH		DFND	3	0	389,377	0
CHINA DIGITAL TV HLDG CO LTD	SPONSORED ADR	16938G107	81	19,803	SH		DFND		0	19,803	0
CHINA LODGING GROUP LTD	SPONSORED ADR	16949N109	4,034	156,533	SH		DFND		0	156,533	0
CIGNA CORPORATION	COM	125509109	12,797	141,106	SH		DFND	2	0	141,106	0
CITIGROUP INC	COM NEW	172967424	6,110	117,899	SH		DFND	3	0	117,899	0
CIVITAS SOLUTIONS INC	COM	17887R102	331	21,195	SH		DFND		0	21,195	0
CLEAR CHANNEL OUTDOOR HLDGS	CL A	18451C109	627	93,079	SH		DFND		0	93,079	0
COMMUNITY HEALTH SYS INC NEW	COM	203668108	14,965	273,142	SH		DFND	2	0	273,142	0
COOPER TIRE & RUBR CO	COM	216831107	21,183	738,100	SH	Put	DFND		0	738,100	0
COOPER TIRE & RUBR CO	COM	216831107	18,313	638,100	SH	Call	DFND		0	638,100	0
COOPER TIRE & RUBR CO	COM	216831107	4,563	158,991	SH		DFND		0	158,991	0
COVIDIEN PLC	SHS	G2554F113	31,531	364,479	SH		DFND	1	0	364,479	0
CREDICORP LTD	COM	G2519Y108	3,221	21,000	SH		DFND		0	21,000	0
CROWN MEDIA HLDGS INC	CL A	228411104	2,448	764,963	SH		DFND		0	764,963	0
CTRIP COM INTL LTD	AMERICAN DEP SHS	22943F100	2,339	41,208	SH		DFND		0	41,208	0
CVS HEALTH CORP	COM	126650100	1,624	20,409	SH		DFND		0	20,409	0
DAVITA HEALTHCARE PARTNERS I	COM	23918K108	2,140	29,263	SH		DFND		0	29,263	0
DEL FRISCOS RESTAURANT GROUP	COM	245077102	963	50,332	SH		DFND	3	0	50,332	0
DEPOMED INC	COM	249908104	741	48,767	SH		DFND		0	48,767	0
DIGIRAD CORP	COM	253827109	202	51,461	SH		DFND		0	51,461	0
DIGITAL RIV INC	COM	25388B104	1,667	114,817	SH		DFND	3	0	114,817	0
DINEEQUITY INC	COM	254423106	2,514	30,813	SH		DFND	3	0	30,813	0
DISCOVER FINL SVCS	COM	254709108	9,102	141,363	SH		DFND	3	0	141,363	0
DOLBY LABORATORIES INC	COM	25659T107	2,817	67,417	SH		DFND	3	0	67,417	0
DTS INC	COM	23335C101	1,074	42,539	SH		DFND	3	0	42,539	0
EMULEX CORP	COM NEW	292475209	306	62,028	SH		DFND	3	0	62,028	0
ENDOCYTE INC	COM	29269A102	61	10,048	SH		DFND		0	10,048	0
ENVISION HEALTHCARE HLDGS IN	COM	29413U103	13,511	389,577	SH		DFND	2	0	389,577	0
EXPRESS SCRIPTS HLDG CO	COM	30219G108	704	9,961	SH		DFND		0	9,961	0
EXTREME NETWORKS INC	COM	30226D106	7,112	1,484,719	SH		DFND		0	1,484,719	0
FAIRCHILD SEMICONDUCTOR INTL	COM	303726103	1,829	117,745	SH		DFND	3	0	117,745	0
GLOBALSTAR INC	COM	378973408	1,065	291,119	SH		DFND	3	0	291,119	0
GLOBALSTAR INC	COM	378973408	666	182,000	SH	Put	DFND		0	182,000	0
GLOBUS MED INC	CL A	379577208	649	32,988	SH		DFND	3	0	32,988	0
GRACE W R & CO DEL NEW	COM	38388F108	1,444	15,880	SH		DFND		0	15,880	0
GRAPHIC PACKAGING HLDG CO	COM	388689101	1,838	147,900	SH		DFND		0	147,900	0
GRUPO AVAL ACCIONES Y VALORE	SPONSORED ADS	40053W101	3,820	281,900	SH		DFND		0	281,900	0
GRUPO TELEVISA SA	SPON ADR REP ORD	40049J206	3,334	98,400	SH		DFND		0	98,400	0
HALLIBURTON CO	COM	406216101	6,358	98,551	SH		DFND		0	98,551	0
HANGER INC	COM NEW	41043F208	883	43,039	SH		DFND		0	43,039	0
HCA HOLDINGS INC	COM	40412C101	11,444	162,286	SH		DFND	2,3	0	162,286	0
HD SUPPLY HLDGS INC	COM	40416M105	1,182	43,376	SH		DFND	3	0	43,376	0
HEALTH NET INC	COM	42222G108	538	11,671	SH		DFND		0	11,671	0
HEALTHSOUTH CORP	COM NEW	421924309	7,143	193,577	SH		DFND		0	193,577	0
HOLLYSYS AUTOMATION TECHNOLO	SHS	G45667105	298	13,232	SH		DFND		0	13,232	0
HOLOGIC INC	COM	436440101	2,700	110,963	SH		DFND		0	110,963	0
HOME INNS & HOTELS MGMT INC	SPON ADR	43713W107	1,272	43,860	SH		DFND		0	43,860	0
HUMANA INC	COM	444859102	836	6,418	SH		DFND		0	6,418	0
ICON PLC	SHS	G4705A100	716	12,512	SH		DFND		0	12,512	0
ILLUMINA INC	COM	452327109	616	3,759	SH		DFND		0	3,759	0
INPHI CORP	COM	45772F107	203	14,104	SH		DFND		0	14,104	0
INTEGRATED DEVICE TECHNOLOGY	COM	458118106	3,443	215,862	SH		DFND	3	0	215,862	0
INTEL CORP	COM	458140100	3,144	90,300	SH		DFND		0	90,300	0
INTERNATIONAL RECTIFIER CORP	COM	460254105	14,452	368,300	SH	Call	DFND		0	368,300	0
INTERSIL CORP	CL A	46069S109	2,418	170,176	SH		DFND		0	170,176	0
INTUITIVE SURGICAL INC	COM NEW	46120E602	2,387	5,168	SH		DFND	3	0	5,168	0
INVESCO MORTGAGE CAPITAL INC	COM	46131B100	423	26,927	SH		DFND		0	26,927	0
IRON MTN INC	COM	462846106	3,691	113,054	SH		DFND		0	113,054	0
ISHARES SILVER TRUST	ISHARES	46428Q109	3,597	220,000	SH	Call	DFND		0	220,000	0
ISHARES TR	MSCI EMG MKT ETF	464287234	9,143	220,000	SH	Put	DFND		0	220,000	0
ISHARES TR	20+ YR TR BD ETF	464287432	12,790	110,000	SH	Put	DFND		0	110,000	0
ISHARES TR	RUSSELL 2000 ETF	464287655	7,655	70,000	SH	Put	DFND		0	70,000	0
JOHNSON & JOHNSON	COM	478160104	2,307	21,645	SH		DFND		0	21,645	0
KORN FERRY INTL	COM NEW	500643200	5,184	208,187	SH		DFND		0	208,187	0
KULICKE & SOFFA INDS INC	COM	501242101	790	55,511	SH		DFND		0	55,511	0
LABORATORY CORP AMER HLDGS	COM NEW	50540R409	2,561	25,167	SH		DFND		0	25,167	0
LADDER CAP CORP	CL A	505743104	5,174	273,748	SH		DFND		0	273,748	0
LATTICE SEMICONDUCTOR CORP	COM	518415104	230	30,621	SH		DFND	3	0	30,621	0
LDR HLDG CORP	COM	50185U105	598	19,200	SH		DFND	3	0	19,200	0
LIBERTY GLOBAL PLC	SHS CL A	G5480U104	1,821	42,800	SH		DFND		0	42,800	0
LIFE TIME FITNESS INC	COM	53217R207	2,878	57,051	SH		DFND		0	57,051	0
LIQUIDITY SERVICES INC	COM	53635B107	5,668	412,200	SH	Put	DFND		0	412,200	0
MAGELLAN HEALTH INC	COM NEW	559079207	8,986	164,180	SH		DFND	3	0	164,180	0
MALLINCKRODT PUB LTD CO	SHS	G5785G107	2,359	26,171	SH		DFND		0	26,171	0
MARKET VECTORS ETF TR	OIL SVCS ETF	57060U191	918	18,500	SH		DFND		0	18,500	0
MCKESSON CORP	COM	58155Q103	4,801	24,663	SH		DFND	1,3	0	24,663	0
MEDIA GEN INC	COM	584404107	15,218	1,160,763	SH		DFND	2	0	1,160,763	0
MEDTRONIC INC	COM	585055106	4,342	70,082	SH		DFND	1	0	70,082	0
MEI PHARMA INC	COM NEW	55279B202	283	40,983	SH		DFND		0	40,983	0
MERCK & CO INC NEW	COM	58933Y105	2,755	46,469	SH		DFND		0	46,469	0
MICROSOFT CORP	COM	594918104	6,942	149,738	SH		DFND		0	149,738	0
NANOSTRING TECHNOLOGIES INC	COM	63009R109	412	37,674	SH		DFND		0	37,674	0
NATIONAL GEN HLDGS CORP	COM	636220303	802	47,501	SH		DFND	3	0	47,501	0
NORTEK INC	COM NEW	656559309	1,734	23,281	SH		DFND	3	0	23,281	0
NORTHSTAR RLTY FIN CORP	COM NEW	66704R704	2,525	142,875	SH		DFND		0	142,875	0
NOVA MEASURING INSTRUMENTS L	COM	M7516K103	1,734	160,561	SH		DFND	5	0	160,561	0
NOVARTIS A G	SPONSORED ADR	66987V109	3,276	34,802	SH		DFND		0	34,802	0
NUVASIVE INC	COM	670704105	1,409	40,410	SH		DFND		0	40,410	0
NXSTAGE MEDICAL INC	COM	67072V103	994	75,676	SH		DFND		0	75,676	0
OCERA THERAPEUTICS INC	COM	67552A108	1,095	223,520	SH		DFND		0	223,520	0
OFFICE DEPOT INC	COM	676220106	5,181	1,008,001	SH		DFND		0	1,008,001	0
OMNICARE INC	COM	681904108	859	13,792	SH		DFND	3	0	13,792	0
ON ASSIGNMENT INC	COM	682159108	2,217	82,554	SH		DFND		0	82,554	0
ORBOTECH LTD	ORD	M75253100	1,010	64,807	SH		DFND	3	0	64,807	0
PANDORA MEDIA INC	COM	698354107	9,401	389,100	SH	Call	DFND		0	389,100	0
PANDORA MEDIA INC	COM	698354107	4,624	191,400	SH	Put	DFND		0	191,400	0
PARNELL PHARMACEUT HLDGS LTD	SHS	Q73622104	646	112,343	SH		DFND		0	112,343	0
PENN VA CORP	COM	707882106	5,027	395,500	SH	Call	DFND		0	395,500	0
PERFECT WORLD CO LTD	SPON ADR REP B	71372U104	1,356	68,843	SH		DFND		0	68,843	0
PERRIGO CO PLC	SHS	G97822103	1,735	11,550	SH		DFND		0	11,550	0
PFIZER INC	COM	717081103	14,152	478,600	SH	Put	DFND		0	478,600	0
PHOTRONICS INC	COM	719405102	86	10,629	SH		DFND		0	10,629	0
PLEXUS CORP	COM	729132100	974	26,369	SH		DFND		0	26,369	0
PRECISION DRILLING CORP	COM 2010	74022D308	3,258	301,936	SH		DFND		0	301,936	0
PROSHARES TR	PSHS ULTSH 20YRS	74347B201	1,544	27,410	SH		DFND		0	27,410	0
PUMA BIOTECHNOLOGY INC	COM	74587V107	2,839	11,900	SH	Call	DFND		0	11,900	0
QIHOO 360 TECHNOLOGY CO LTD	ADS	74734M109	1,363	20,200	SH		DFND		0	20,200	0
QUALITY SYS INC	COM	747582104	549	39,862	SH		DFND	3	0	39,862	0
QUEST DIAGNOSTICS INC	COM	74834L100	1,492	24,581	SH		DFND		0	24,581	0
RACKSPACE HOSTING INC	COM	750086100	9,612	295,301	SH		DFND		0	295,301	0
REALOGY HLDGS CORP	COM	75605Y106	2,102	56,500	SH		DFND		0	56,500	0
RENEWABLE ENERGY GROUP INC	COM NEW	75972A301	875	86,200	SH	Call	DFND		0	86,200	0
RENTECH INC	COM	760112102	2,134	1,248,093	SH		DFND		0	1,248,093	0
REPROS THERAPEUTICS INC	COM NEW	76028H209	1,244	125,700	SH	Call	DFND		0	125,700	0
RITE AID CORP	COM	767754104	1,369	282,754	SH		DFND	3	0	282,754	0
SANCHEZ ENERGY CORP	COM	79970Y105	5,751	218,987	SH		DFND		0	218,987	0
SANGAMO BIOSCIENCES INC	COM	800677106	284	26,289	SH		DFND		0	26,289	0
SCICLONE PHARMACEUTICALS INC	COM	80862K104	1,284	186,310	SH		DFND	3	0	186,310	0
SEAGATE TECHNOLOGY PLC	SHS	G7945M107	3,196	55,800	SH		DFND		0	55,800	0
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	927	40,000	SH	Call	DFND		0	40,000	0
SIGMA DESIGNS INC	COM	826565103	251	58,273	SH		DFND	3	0	58,273	0
SILICON MOTION TECHNOLOGY CO	SPONSORED ADR	82706C108	2,336	86,721	SH		DFND		0	86,721	0
SIRONA DENTAL SYSTEMS INC	COM	82966C103	2,900	37,813	SH		DFND		0	37,813	0
SORRENTO THERAPEUTICS INC	COM NEW	83587F202	514	113,821	SH		DFND		0	113,821	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	99,988	507,500	SH	Put	DFND	1	0	507,500	0
SPECTRANETICS CORP	COM	84760C107	1,426	53,668	SH		DFND		0	53,668	0
ST JUDE MED INC	COM	790849103	1,589	26,425	SH		DFND		0	26,425	0
STARWOOD PPTY TR INC	COM	85571B105	948	43,161	SH		DFND		0	43,161	0
SUNESIS PHARMACEUTICALS INC	COM NEW	867328601	1,047	146,600	SH	Call	DFND		0	146,600	0
SYMANTEC CORP	COM	871503108	3,838	163,264	SH		DFND	3	0	163,264	0
SYMMETRY MED INC	COM	871546206	1,437	142,386	SH		DFND		0	142,386	0
SYSCO CORP	COM	871829107	5,963	157,129	SH		DFND	3	0	157,129	0
SYSCO CORP	COM	871829107	19,157	504,800	SH	Put	DFND		0	504,800	0
TARENA INTL INC	ADR	876108101	2,193	169,598	SH		DFND		0	169,598	0
TELEFONICA BRASIL SA	SPONSORED ADR	87936R106	1,506	76,500	SH		DFND		0	76,500	0
TEVA PHARMACEUTICAL INDS LTD	ADR	881624209	2,153	40,065	SH		DFND	3	0	40,065	0
TEXAS INSTRS INC	COM	882508104	3,170	66,479	SH		DFND		0	66,479	0
TG THERAPEUTICS INC	COM	88322Q108	952	89,223	SH		DFND		0	89,223	0
TG THERAPEUTICS INC	COM	88322Q108	4,620	433,000	SH	Call	DFND		0	433,000	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	8,050	66,150	SH		DFND		0	66,150	0
TORNIER N V	SHS	N87237108	278	11,639	SH		DFND		0	11,639	0
TOWN SPORTS INTL HLDGS INC	COM	89214A102	2,119	316,224	SH		DFND	3	0	316,224	0
TRONOX LTD	SHS CL A	Q9235V101	1,047	40,180	SH		DFND		0	40,180	0
ULTA SALON COSMETCS & FRAG I	COM	90384S303	6,333	53,592	SH		DFND		0	53,592	0
ULTA SALON COSMETCS & FRAG I	COM	90384S303	11,309	95,700	SH	Put	DFND		0	95,700	0
UNITEDHEALTH GROUP INC	COM	91324P102	1,721	19,959	SH		DFND		0	19,959	0
UNIVERSAL HLTH SVCS INC	CL B	913903100	2,058	19,698	SH		DFND		0	19,698	0
VALEANT PHARMACEUTICALS INTL	COM	91911K102	29,398	224,069	SH		DFND	1,2	0	224,069	0
VCA INC	COM	918194101	201	5,108	SH		DFND		0	5,108	0
VERTEX PHARMACEUTICALS INC	COM	92532F100	1,202	10,699	SH		DFND		0	10,699	0
VISHAY INTERTECHNOLOGY INC	COM	928298108	215	15,035	SH		DFND	3	0	15,035	0
VITAMIN SHOPPE INC	COM	92849E101	2,988	67,319	SH		DFND		0	67,319	0
WALGREEN CO	COM	931422109	246	4,145	SH		DFND		0	4,145	0
WATERS CORP	COM	941848103	944	9,524	SH		DFND		0	9,524	0
WELLCARE HEALTH PLANS INC	COM	94946T106	2,301	38,129	SH		DFND	3	0	38,129	0
WELLPOINT INC	COM	94973V107	8,260	69,054	SH		DFND	2	0	69,054	0
WESTERN DIGITAL CORP	COM	958102105	3,217	33,054	SH		DFND		0	33,054	0
WUXI PHARMATECH CAYMAN INC	SPONS ADR SHS	929352102	3,035	86,677	SH		DFND		0	86,677	0
YRC WORLDWIDE INC	COM PAR $.01	984249607	3,128	153,933	SH		DFND		0	153,933	0
YY INC	ADS REPCOM CLA	98426T106	1,973	26,345	SH		DFND		0	26,345	0