UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 2008
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: GLG Partners, Inc.
Address: 390 Park Avenue, 20th Floor
New York, NY 10022
13F File Number: 028-13068
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Alejandro San Miguel
Title: General Counsel and Corporate Secretary
Phone: 212-224-7200
Signature, Place, and Date of Signing:
/s/ Alejandro San Miguel New York, NY February 09, 2009
* GLG INC. ACTS AS A SUB-ADVISOR TO GLG PARTNERS LP IN RESPECT OF CERTAIN
SECURITIES LISTED IN THE INFORMATION TABLE.
** CERTAIN SECTION 13(F) SECURITIES HAVE BEEN OMITTED FROM THIS REPORT BECAUSE
THOSE SECURITIES ARE PART OF THE LEHMAN BANKRUPTCY AND THEREFORE THE
INSTITUTIONAL INVESTMENT MANAGER FILING THIS FORM 13F ("GLG") DOES NOT HAVE
INVESTMENT DISCRETION OVER THOSE SECURITIES.
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 2
Form13F Information Table Entry Total: 331
Form13F Information Table Value Total: $1,949,660 (thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional managers with respect to which this report is filed, other
than the manager filing this report.
No. 13F File Number Name
01 28-10979 GLG Partners LP
02 28-13070 GLG Inc.
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
ABB LTD SPONSORED ADR 000375204 6478 431572 SH DEFINED 01 431572 0 0
ABBOTT LABS COM 002824100 9075 170042 SH DEFINED 01 170042 0 0
ACACIA RESH CORP ACACIA TCH COM 003881307 427 140329 SH DEFINED 01 140329 0 0
ACCENTURE LTD BERMUDA CL A G1150G111 1469 44800 SH DEFINED 01 44800 0 0
ACE LTD SHS H0023R105 1923 36330 SH DEFINED 01 36330 0 0
AFFORDABLE RESIDENTIAL CMNTY NOTE 7.500% 8/1 00828UAB9 13050 14500000 PRN DEFINED 01 14500000 0 0
AFLAC INC COM 001055102 2364 51571 SH DEFINED 01 51571 0 0
AIR PRODS & CHEMS INC COM 009158106 3072 61112 SH DEFINED 01 61112 0 0
AKAMAI TECHNOLOGIES INC COM 00971T101 2521 167059 SH DEFINED 01 167059 0 0
ALCOA INC COM 013817101 282 25000 SH DEFINED 01 25000 0 0
ALCON INC COM SHS H01301102 52885 380000 SH DEFINED 01 380000 0 0
ALLEGHENY ENERGY INC COM 017361106 3470 102481 SH DEFINED 01 102481 0 0
ALLERGAN INC COM 018490102 1398 34685 SH DEFINED 01 34685 0 0
ALLERGAN INC NOTE 1.500% 4/0 018490AL6 5555 5500000 PRN DEFINED 01 5500000 0 0
ALLIANCE DATA SYSTEMS CORP COM 018581108 867 18639 SH DEFINED 01 18639 0 0
ALLSTATE CORP COM 020002101 1818 55490 SH DEFINED 01 55490 0 0
ALTRIA GROUP INC COM 02209S103 8557 568170 SH DEFINED 01 568170 0 0
AMAZON COM INC COM 023135106 960 18717 SH DEFINED 01 18717 0 0
AMDOCS LTD ORD G02602103 2103 115000 SH CALL DEFINED 01 115000 0 0
AMDOCS LTD ORD G02602103 1097 60000 SH DEFINED 01 60000 0 0
AMERICAN ELEC PWR INC COM 025537101 1231 37000 SH DEFINED 01 37000 0 0
AMERICAN TOWER CORP CL A 029912201 4004 136556 SH DEFINED 01 136556 0 0
AMERICREDIT CORP COM 03060R101 902 118100 SH PUT DEFINED 01 118100 0 0
AMERICREDIT CORP NOTE 2.125% 9/1 03060RAR2 4150 10000000 PRN DEFINED 01 10000000 0 0
AMGEN INC COM 031162100 25221 436730 SH DEFINED 01 436730 0 0
AMGEN INC NOTE 0.375% 2/0 031162AQ3 10014 10500000 PRN DEFINED 01 10500000 0 0
ANADARKO PETE CORP COM 032511107 6526 169296 SH DEFINED 01 169296 0 0
APACHE CORP COM 037411105 9477 127158 SH DEFINED 01 127158 0 0
APEX SILVER MINES LTD NOTE 4.000% 9/1 03760XAD3 218 2500000 PRN DEFINED 01 2500000 0 0
APEX SILVER MINES LTD NOTE 2.875% 3/1 03760XAB7 544 6500000 PRN DEFINED 01 6500000 0 0
APOLLO GROUP INC CL A 037604105 9992 130415 SH DEFINED 01 130415 0 0
APPLE INC COM 037833100 7892 92463 SH DEFINED 01 92463 0 0
APPLIED MATLS INC COM 038222105 4233 417848 SH DEFINED 01 417848 0 0
ARCHER DANIELS MIDLAND CO UNIT 99/99/9999 039483201 10759 290000 SH DEFINED 01 290000 0 0
ARVINMERITOR INC NOTE 4.625% 3/0 043353AF8 2685 10000000 PRN DEFINED 01 10000000 0 0
AT&T INC COM 00206R102 29718 1042733 SH DEFINED 01 1042733 0 0
AVIS BUDGET GROUP COM 053774105 9098 320000 SH DEFINED 01 320000 0 0
BALL CORP COM 058498106 1563 37577 SH DEFINED 01 37577 0 0
BANK OF AMERICA CORPORATION COM 060505104 309 21924 SH PUT DEFINED 01 21924 0 0
BANK OF NEW YORK MELLON CORP COM 064058100 6860 242157 SH DEFINED 01 242157 0 0
BARRICK GOLD CORP COM 067901108 1434 39000 SH DEFINED 01 39000 0 0
BARRICK GOLD CORP COM 067901108 7354 200000 SH CALL DEFINED 01 200000 0 0
BAXTER INTL INC COM 071813109 4559 85068 SH DEFINED 01 85068 0 0
BECTON DICKINSON & CO COM 075887109 1783 26065 SH DEFINED 01 26065 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 3478 36 SH DEFINED 01 36 0 0
BERRY PETE CO CL A 085789105 756 100000 SH DEFINED 01 100000 0 0
BIOGEN IDEC INC COM 09062X103 2447 51384 SH DEFINED 01 51384 0 0
BIOMIMETIC THERAPEUTICS INC COM 09064X101 13476 1461560 SH DEFINED 01 1461560 0 0
BLOCK H & R INC COM 093671105 12163 535344 SH DEFINED 01 535344 0 0
BMC SOFTWARE INC COM 055921100 873 32426 SH DEFINED 01 32426 0 0
BOEING CO COM 097023105 2516 58965 SH DEFINED 01 58965 0 0
BOSTON PPTYS LTD PARTNERSHIP NOTE 2.875% 2/1 10112RAK0 17917 22500000 PRN DEFINED 01 22500000 0 0
BOSTON PRIVATE FINL HLDGS IN NOTE 3.000% 7/1 101119AB1 473 500000 PRN DEFINED 01 500000 0 0
BOSTON PROPERTIES INC COM 101121101 231 4200 SH DEFINED 01 4200 0 0
BOSTON SCIENTIFIC CORP COM 101137107 1113 143824 SH DEFINED 01 143824 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 6056 260494 SH DEFINED 01 260494 0 0
BROADCOM CORP CL A 111320107 4227 249066 SH DEFINED 01 249066 0 0
BURLINGTON NORTHN SANTA FE C COM 12189T104 2610 34480 SH DEFINED 01 34480 0 0
C H ROBINSON WORLDWIDE INC COM NEW 12541W209 877 15935 SH DEFINED 01 15935 0 0
CA INC COM 12673P105 7045 380198 SH DEFINED 01 380198 0 0
CABLEVISION SYS CORP CL A NY CABLVS 12686C109 898 53341 SH DEFINED 01 53341 0 0
CALPINE CORP COM NEW 131347304 779 107000 SH DEFINED 01 107000 0 0
CAMERON INTERNATIONAL CORP COM 13342B105 410 20000 SH DEFINED 01 20000 0 0
CAREER EDUCATION CORP COM 141665109 12547 699365 SH DEFINED 01 699365 0 0
CAREER EDUCATION CORP COM 141665109 2691 150000 SH CALL DEFINED 01 150000 0 0
CATERPILLAR INC DEL COM 149123101 4090 91568 SH DEFINED 01 91568 0 0
CELGENE CORP COM 151020104 11935 215899 SH DEFINED 01 215899 0 0
CENTERPOINT ENERGY INC COM 15189T107 5109 404840 SH DEFINED 01 404840 0 0
CHENIERE ENERGY INC COM NEW 16411R208 35 10500 SH DEFINED 01 10500 0 0
CHENIERE ENERGY INC NOTE 2.250% 8/0 16411RAE9 1500 10000000 PRN DEFINED 01 10000000 0 0
CHESAPEAKE ENERGY CORP COM 165167107 4278 264571 SH DEFINED 01 264571 0 0
CHEVRON CORP NEW COM 166764100 35588 481114 SH DEFINED 01 481114 0 0
CHINA LIFE INS CO LTD SPON ADR REP H 16939P106 487 10500 SH DEFINED 01 10500 0 0
CHINA MED TECHNOLOGIES INC NOTE 3.500%11/1 169483AB0 7080 10000000 PRN DEFINED 01 10000000 0 0
CHUBB CORP COM 171232101 1873 36734 SH DEFINED 01 36734 0 0
CISCO SYS INC COM 17275R102 14910 914750 SH DEFINED 01 914750 0 0
CIT GROUP INC COM 125581108 1135 250000 SH DEFINED 01 250000 0 0
CITIGROUP INC COM 172967101 513 76500 SH PUT DEFINED 01 76500 0 0
CITRIX SYS INC COM 177376100 736 31229 SH DEFINED 01 31229 0 0
CMS ENERGY CORP COM 125896100 4405 435716 SH DEFINED 01 435716 0 0
COACH INC COM 189754104 2983 143638 SH DEFINED 01 143638 0 0
COCA COLA CO COM 191216100 15397 340110 SH DEFINED 01 340110 0 0
COEUR D ALENE MINES CORP IDA NOTE 3.250% 3/1 192108AR9 510 2000000 PRN DEFINED 01 2000000 0 0
COEUR D ALENE MINES CORP IDA NOTE 1.250% 1/1 192108AQ1 1519 5000000 PRN DEFINED 01 5000000 0 0
COMCAST CORP NEW CL A 20030N101 8281 490573 SH DEFINED 01 490573 0 0
COMPANHIA DE BEBIDAS DAS AME SPON ADR PFD 20441W203 2706 61063 SH DEFINED 01 61063 0 0
CONOCOPHILLIPS COM 20825C104 4866 93939 SH DEFINED 01 93939 0 0
CONSOLIDATED EDISON INC COM 209115104 1058 27166 SH DEFINED 01 27166 0 0
CORNING INC COM 219350105 4224 443180 SH DEFINED 01 443180 0 0
COVIDIEN LTD COM G2552X108 7169 197829 SH DEFINED 01 197829 0 0
CROWN HOLDINGS INC COM 228368106 2233 116320 SH DEFINED 01 116320 0 0
CSX CORP COM 126408103 20714 637944 SH DEFINED 01 637944 0 0
CURAGEN CORP COM 23126R101 560 132000 SH DEFINED 01 132000 0 0
CVS CAREMARK CORPORATION COM 126650100 18114 630256 SH DEFINED 01 630256 0 0
DEERE & CO COM 244199105 2211 57705 SH DEFINED 01 57705 0 0
DELL INC COM 24702R101 4669 456000 SH DEFINED 01 456000 0 0
DENBURY RES INC COM NEW 247916208 2184 200000 SH DEFINED 01 200000 0 0
DEVELOPERS DIVERSIFIED RLTY NOTE 3.000% 3/1 251591AS2 2142 5000000 PRN DEFINED 01 5000000 0 0
DEVON ENERGY CORP NEW COM 25179M103 3480 52964 SH DEFINED 01 52964 0 0
DEVRY INC DEL COM 251893103 7898 137574 SH DEFINED 01 137574 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C102 589 10000 SH DEFINED 01 10000 0 0
DIRECTV GROUP INC COM 25459L106 1485 64840 SH DEFINED 01 64840 0 0
DISCOVER FINL SVCS COM 254709108 26220 2751283 SH DEFINED 01 2751283 0 0
DISCOVERY COMMUNICATNS NEW COM SER A 25470F104 147 10409 SH DEFINED 01 10409 0 0
DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 175 13049 SH DEFINED 01 13049 0 0
DISNEY WALT CO COM DISNEY 254687106 1945 85741 SH DEFINED 01 85741 0 0
DOLAN MEDIA CO COM 25659P402 2423 367683 SH DEFINED 01 367683 0 0
DOW CHEM CO COM 260543103 423 28000 SH DEFINED 01 28000 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 2472 97727 SH DEFINED 01 97727 0 0
DUKE ENERGY CORP NEW COM 26441C105 6290 419074 SH DEFINED 01 419074 0 0
E M C CORP MASS NOTE 1.750%12/0 268648AM4 12139 13000000 PRN DEFINED 01 13000000 0 0
E M C CORP MASS COM 268648102 2160 206341 SH DEFINED 01 206341 0 0
EAGLE MATERIALS INC COM 26969P108 1197 65010 SH DEFINED 01 65010 0 0
EDGE PETE CORP DEL PFD CONV A 279862205 100 50000 SH DEFINED 01 50000 0 0
ELIXIR GAMING TECHNOLOGIES I COM 28661G105 211 1625000 SH DEFINED 01 1625000 0 0
ENDEAVOR INTL CORP INC NOTE 6.000% 1/1 29257MAB6 2402 4000000 PRN DEFINED 01 4000000 0 0
ENZON PHARMACEUTICALS INC NOTE 4.000% 6/0 293904AE8 7143 10000000 PRN DEFINED 01 10000000 0 0
EOG RES INC COM 26875P101 2463 36996 SH DEFINED 01 36996 0 0
EQUINIX INC COM NEW 29444U502 798 15000 SH DEFINED 01 15000 0 0
EQUITABLE RES INC COM 294549100 2323 69246 SH DEFINED 01 69246 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 292 9800 SH DEFINED 01 9800 0 0
EXELON CORP COM 30161N101 7111 127868 SH DEFINED 01 127868 0 0
EXPEDITORS INTL WASH INC COM 302130109 655 19694 SH DEFINED 01 19694 0 0
EXXON MOBIL CORP COM 30231G102 44024 551467 SH DEFINED 01 551467 0 0
FEDEX CORP COM 31428X106 2878 44863 SH DEFINED 01 44863 0 0
FIRSTENERGY CORP COM 337932107 2190 45075 SH DEFINED 01 45075 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 771 336500 SH PUT DEFINED 01 336500 0 0
FORD MTR CO DEL NOTE 4.250%12/1 345370CF5 7881 30000000 PRN DEFINED 01 30000000 0 0
FOSTER WHEELER LTD SHS NEW G36535139 5785 247446 SH DEFINED 01 247446 0 0
FPL GROUP INC COM 302571104 1258 25000 SH DEFINED 01 25000 0 0
FREEPORT-MCMORAN COPPER & GO PFD CONV 35671D782 2679 58500 SH DEFINED 01 58500 0 0
FRESENIUS KABI PHARMACEUTHLD RIGHT 06/30/2011 35802M115 140 400000 SH DEFINED 01 400000 0 0
GENENTECH INC COM NEW 368710406 4472 53933 SH DEFINED 01 53933 0 0
GENERAL DYNAMICS CORP COM 369550108 2279 39568 SH DEFINED 01 39568 0 0
GENERAL ELECTRIC CO COM 369604103 18262 1127260 SH DEFINED 01 1127260 0 0
GENERAL MLS INC COM 370334104 2251 37048 SH DEFINED 01 37048 0 0
GENERAL MTRS CORP DEB SR CV C 33 370442717 798 250000 SH DEFINED 01 250000 0 0
GENZYME CORP COM 372917104 6464 97394 SH DEFINED 01 97394 0 0
GERDAU AMERISTEEL CORP COM 37373P105 1061 175000 SH DEFINED 01 175000 0 0
GILEAD SCIENCES INC COM 375558103 20352 397966 SH DEFINED 01 397966 0 0
GILEAD SCIENCES INC NOTE 0.500% 5/0 375558AG8 4073 3000000 PRN DEFINED 01 3000000 0 0
GLG PARTNERS INC UNIT 12/28/2011 37929X206 214 98300 SH DEFINED 01 98300 0 0
GLOBAL CROSSING LTD NOTE 5.000% 5/1 37932JAA1 5150 10000000 PRN DEFINED 01 10000000 0 0
GOLDCORP INC NEW COM 380956409 1230 39000 SH DEFINED 01 39000 0 0
GOLDEN POND HEALTHCARE INC COM 38116J109 2437 337000 SH DEFINED 01 337000 0 0
GOLDEN POND HEALTHCARE INC *W EXP 11/06/201 38116J117 14 450000 SH DEFINED 01 450000 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 14647 173563 SH DEFINED 01 173563 0 0
GOODRICH CORP COM 382388106 6308 170395 SH DEFINED 01 170395 0 0
GOOGLE INC CL A 38259P508 8604 27967 SH DEFINED 01 27967 0 0
GREY WOLF INC FRNT 4/0 397888AF5 7920 8000000 PRN DEFINED 01 8000000 0 0
HALLIBURTON CO COM 406216101 1724 94842 SH DEFINED 01 94842 0 0
HARMONY GOLD MNG LTD SPONSORED ADR 413216300 10970 1000000 SH PUT DEFINED 01 1000000 0 0
HCP INC COM 40414L109 253 9100 SH DEFINED 01 9100 0 0
HECKMANN CORP *W EXP 11/09/201 422680116 1000 869150 SH DEFINED 01 869150 0 0
HESS CORP COM 42809H107 5344 99633 SH DEFINED 01 99633 0 0
HEWLETT PACKARD CO COM 428236103 8499 234209 SH DEFINED 01 234209 0 0
HONEYWELL INTL INC COM 438516106 2380 72493 SH DEFINED 01 72493 0 0
INCYTE CORP COM 45337C102 758 200000 SH DEFINED 01 200000 0 0
INCYTE CORP COM 45337C102 1213 320000 SH CALL DEFINED 01 320000 0 0
INTEL CORP COM 458140100 10382 708159 SH DEFINED 01 708159 0 0
INTEL CORP COM 458140100 18208 1242000 SH CALL DEFINED 01 1242000 0 0
INTEL CORP SDCV 2.950%12/1 458140AD2 2144 2500000 PRN DEFINED 01 2500000 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 15601 185378 SH DEFINED 01 185378 0 0
INTERNATIONAL COAL GRP INC N NOTE 9.000% 8/0 45928HAD8 3039 5500000 PRN DEFINED 01 5500000 0 0
INTL PAPER CO COM 460146103 153 13000 SH DEFINED 01 13000 0 0
INTREPID POTASH INC COM 46121Y102 216 10400 SH DEFINED 01 10400 0 0
INTUIT COM 461202103 815 34277 SH DEFINED 01 34277 0 0
IPC HLDGS LTD ORD G4933P101 1672 55917 SH DEFINED 01 55917 0 0
ISHARES INC MSCI TAIWAN 464286731 271 35767 SH DEFINED 01 35767 0 0
ISHARES TR DJ OIL&GAS EXP 464288851 1924 50000 SH DEFINED 01 50000 0 0
ISHARES TR FTSE XNHUA IDX 464287184 1342 46116 SH DEFINED 01 46116 0 0
ISHARES TR MSCI EMERG MKT 464287234 2886 115592 SH DEFINED 01 115592 0 0
JETBLUE AIRWAYS CORP DBCV 5.500%10/1 477143AE1 8621 5000000 PRN DEFINED 01 5000000 0 0
JOHNSON & JOHNSON COM 478160104 39201 655208 SH DEFINED 01 655208 0 0
JPMORGAN & CHASE & CO COM 46625H100 31531 1000043 SH DEFINED 01 1000043 0 0
JUNIPER NETWORKS INC COM 48203R104 4392 250852 SH DEFINED 01 250852 0 0
KELLOGG CO COM 487836108 5319 121295 SH DEFINED 01 121295 0 0
KEYCORP NEW COM 493267108 14373 1686924 SH DEFINED 01 1686924 0 0
KINROSS GOLD CORP COM NO PAR 496902404 1676 91000 SH DEFINED 01 91000 0 0
KOHLS CORP COM 500255104 8418 232535 SH DEFINED 01 232535 0 0
KROGER CO COM 501044101 11557 437613 SH DEFINED 01 437613 0 0
LIBERTY ACQUISITION HLDGS CO UNIT 99/99/9999 53015Y206 3270 388800 SH DEFINED 01 388800 0 0
LIBERTY MEDIA CORP DEB 3.500% 1/1 530715AN1 7641 27000000 PRN DEFINED 01 27000000 0 0
LIBERTY MEDIA CORP NEW ENT COM SER A 53071M500 882 50471 SH DEFINED 01 50471 0 0
LILLY ELI & CO COM 532457108 2182 54179 SH DEFINED 01 54179 0 0
LOCKHEED MARTIN CORP COM 539830109 1142 13578 SH DEFINED 01 13578 0 0
MACYS INC COM 55616P104 8800 850232 SH DEFINED 01 850232 0 0
MARATHON OIL CORP COM 565849106 1368 50000 SH DEFINED 01 50000 0 0
MARTIN MARIETTA MATLS INC COM 573284106 1456 15000 SH DEFINED 01 15000 0 0
MATTEL INC COM 577081102 1062 66400 SH DEFINED 01 66400 0 0
MCGRAW HILL COS INC COM 580645109 691 29800 SH DEFINED 01 29800 0 0
MEDTRONIC INC COM 585055106 12597 400931 SH DEFINED 01 400931 0 0
MEDTRONIC INC NOTE 1.625% 4/1 585055AM8 21780 24750000 PRN DEFINED 01 24750000 0 0
MERCK & CO INC COM 589331107 10573 347809 SH DEFINED 01 347809 0 0
METLIFE INC COM 59156R108 2888 82858 SH DEFINED 01 82858 0 0
MICROSOFT CORP COM 594918104 31508 1620758 SH DEFINED 01 1620758 0 0
MICROVISION INC DEL COM 594960106 488 156000 SH DEFINED 01 156000 0 0
MINDRAY MEDICAL INTL LTD SPON ADR 602675100 242 13470 SH DEFINED 01 13470 0 0
MOBILE TELESYSTEMS OJSC SPONSORED ADR 607409109 5991 224543 SH DEFINED 01 224543 0 0
MOLSON COORS BREWING CO CL B 60871R209 8884 181608 SH DEFINED 01 181608 0 0
MONSANTO CO NEW COM 61166W101 4495 63890 SH DEFINED 01 63890 0 0
MURPHY OIL CORP COM 626717102 887 20000 SH DEFINED 01 20000 0 0
MYLAN INC PFD CONV 628530206 4653 7250 SH DEFINED 01 7250 0 0
NABORS INDS INC NOTE 0.940% 5/1 629568AP1 19594 23750000 PRN DEFINED 01 23750000 0 0
NATIONAL CITY CORP NOTE 4.000% 2/0 635405AW3 5818 6500000 PRN DEFINED 01 6500000 0 0
NEWFIELD EXPL CO COM 651290108 494 25000 SH DEFINED 01 25000 0 0
NEWMONT MINING CORP NOTE 1.250% 7/1 651639AJ5 6615 6000000 PRN DEFINED 01 6000000 0 0
NEWMONT MINING CORP COM 651639106 3704 91000 SH DEFINED 01 91000 0 0
NEWS CORP CL A 65248E104 700 77000 SH DEFINED 01 77000 0 0
NII HLDGS INC NOTE 3.125% 6/1 62913FAJ1 4800 8000000 PRN DEFINED 01 8000000 0 0
NIKE INC CL B 654106103 326 6400 SH DEFINED 01 6400 0 0
NOBLE ENERGY INC COM 655044105 1201 24400 SH DEFINED 01 24400 0 0
NORFOLK SOUTHERN CORP COM 655844108 1836 39016 SH DEFINED 01 39016 0 0
NOVA BIOSOURCE FUELS INC NOTE 10.000% 9/3 65488WAC7 613 3500000 PRN DEFINED 01 3500000 0 0
NPS PHARMACEUTICALS INC COM 62936P103 19366 3118563 SH DEFINED 01 3118563 0 0
NV ENERGY INC COM 67073Y106 2165 218901 SH DEFINED 01 218901 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 6322 105378 SH DEFINED 01 105378 0 0
ODYSSEY MARINE EXPLORATION I COM 676118102 9847 3058100 SH DEFINED 01 3058100 0 0
OMNICARE INC DBCV 3.250%12/1 681904AL2 3458 6000000 PRN DEFINED 01 6000000 0 0
ORACLE CORP COM 68389X105 22809 1286436 SH DEFINED 01 1286436 0 0
ORMAT TECHNOLOGIES INC COM 686688102 829 26000 SH DEFINED 01 26000 0 0
OSCIENT PHARMACEUTICALS CORP COM NEW 68812R303 155 859539 SH DEFINED 01 859539 0 0
PACKAGING CORP AMER COM 695156109 3720 276405 SH DEFINED 01 276405 0 0
PEABODY ENERGY CORP COM 704549104 776 34130 SH DEFINED 01 34130 0 0
PEPSI BOTTLING GROUP INC COM 713409100 3356 149068 SH DEFINED 01 149068 0 0
PEPSICO INC COM 713448108 8556 156222 SH DEFINED 01 156222 0 0
PETROHAWK ENERGY CORP COM 716495106 1658 106058 SH DEFINED 01 106058 0 0
PFIZER INC COM 717081103 32576 1839398 SH DEFINED 01 1839398 0 0
PG&E CORP COM 69331C108 2245 58000 SH DEFINED 01 58000 0 0
PHILIP MORRIS INTL INC COM 718172109 4311 99086 SH DEFINED 01 99086 0 0
PIONEER NAT RES CO COM 723787107 2168 40000 SH DEFINED 01 40000 0 0
PLAINS EXPL& PRODTN CO COM 726505100 3595 154672 SH DEFINED 01 154672 0 0
PLUM CREEK TIMBER CO INC COM 729251108 219 6300 SH DEFINED 01 6300 0 0
POTASH CORP SASK INC COM 73755L107 11852 161868 SH DEFINED 01 161868 0 0
POTASH CORP SASK INC COM 73755L107 10983 150000 SH CALL DEFINED 01 150000 0 0
PPG INDS INC COM 693506107 1091 25719 SH DEFINED 01 25719 0 0
PPL CORP COM 69351T106 1043 34000 SH DEFINED 01 34000 0 0
PRAXAIR INC COM 74005P104 594 10000 SH DEFINED 01 10000 0 0
PRECISION CASTPARTS CORP COM 740189105 4495 75578 SH DEFINED 01 75578 0 0
PRICE T ROWE GROUP INC COM 74144T108 361 10200 SH DEFINED 01 10200 0 0
PROCTER & GAMBLE CO COM 742718109 22322 361078 SH DEFINED 01 361078 0 0
PROLOGIS NOTE 1.875%11/1 743410AR3 4238 10000000 PRN DEFINED 01 10000000 0 0
PROLOGIS NOTE 2.250% 4/0 743410AQ5 9919 21500000 PRN DEFINED 01 21500000 0 0
PUBLIC STORAGE COM 74460D109 334 4200 SH DEFINED 01 4200 0 0
QUALCOMM INC COM 747525103 6204 173159 SH DEFINED 01 173159 0 0
RELIANCE STEEL & ALUMINUM CO COM 759509102 1755 88000 SH DEFINED 01 88000 0 0
RENAISSANCERE HOLDINGS LTD COM G7496G103 1938 37590 SH DEFINED 01 37590 0 0
RESEARCH IN MOTION LTD COM 760975102 8481 209000 SH DEFINED 01 209000 0 0
RF MICRODEVICES INC NOTE 1.000% 4/1 749941AJ9 950 3000000 PRN DEFINED 01 3000000 0 0
ROHM & HAAS CO COM 775371107 247 4000 SH DEFINED 01 4000 0 0
SCHLUMBERGER LTD COM 806857108 4464 105455 SH DEFINED 01 105455 0 0
SCHLUMBERGER LTD DBCV 2.125% 6/0 806857AD0 6294 5000000 PRN DEFINED 01 5000000 0 0
SCRIPPS NETWORKS INTERACT IN CL A COM 811065101 548 24900 SH DEFINED 01 24900 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 31613 2525000 SH DEFINED 01 2525000 0 0
SEMICONDUCTOR HLDRS TR DEP RCPT 816636203 13208 750000 SH DEFINED 01 750000 0 0
SEPRACOR INC NOTE 10/1 817315AW4 5828 6250000 PRN DEFINED 01 6250000 0 0
SESI L L C NOTE 1.500%12/1 78412FAH7 5034 7250000 PRN DEFINED 01 7250000 0 0
SIMON PPTY GROUP INC NEW COM 828806109 409 7700 SH DEFINED 01 7700 0 0
SINCLAIR BROADCAST GROUP INC NOTE 3.000% 5/1 829226AW9 8613 16250000 PRN DEFINED 01 16250000 0 0
SOLARFUN POWER HOLDINGS CO L SPONSORED ADR 83415U108 544 108500 SH DEFINED 01 108500 0 0
SOUTHERN CO COM 842587107 9604 259556 SH DEFINED 01 259556 0 0
SOUTHWESTERN ENERGY CO COM 845467109 1358 46876 SH DEFINED 01 46876 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 9661 111665 SH DEFINED 01 111665 0 0
SPDR SERIES TRUST S&P HOMEBUILD 78464A888 3787 316137 SH DEFINED 01 316137 0 0
SPDR SERIES TRUST S&P METALS MNG 78464A755 971 35000 SH DEFINED 01 35000 0 0
SPDR SERIES TRUST S&P RETAIL ETF 78464A714 17494 859016 SH DEFINED 01 859016 0 0
SPDR TR UNIT SER 1 78462F103 12082 133888 SH DEFINED 01 133888 0 0
SPECTRA ENERGY CORP COM 847560109 1295 82276 SH DEFINED 01 82276 0 0
SPX CORP COM 784635104 10064 248189 SH DEFINED 01 248189 0 0
ST JUDE MED INC COM 790849103 3629 110094 SH DEFINED 01 110094 0 0
STAPLES INC COM 855030102 2436 135926 SH DEFINED 01 135926 0 0
STATE STR CORP COM 857477103 17464 444045 SH DEFINED 01 444045 0 0
STEEL DYNAMICS INC COM 858119100 14451 1292551 SH DEFINED 01 1292551 0 0
STONELEIGH PARTNERS ACQUS CO *W EXP 05/31/201 861923126 34 1120000 SH DEFINED 01 1120000 0 0
STREAM GLOBAL SVCS INC *W EXP 10/17/201 86323M118 45 300000 SH DEFINED 01 300000 0 0
SUNPOWER CORP DBCV 0.750% 8/0 867652AB5 5237 7000000 PRN DEFINED 01 7000000 0 0
SUNTECH PWR HLDGS CO LTD NOTE 0.250% 2/1 86800CAC8 3569 5000000 PRN DEFINED 01 5000000 0 0
SYMANTEC CORP NOTE 0.750% 6/1 871503AD0 9400 10000000 PRN DEFINED 01 10000000 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 948 120000 SH DEFINED 01 120000 0 0
TD AMERITRADE HLDG CORP COM 87236Y108 1781 125000 SH DEFINED 01 125000 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 9280 218000 SH CALL DEFINED 01 218000 0 0
TEXAS INSTRS INC COM 882508104 4330 278996 SH DEFINED 01 278996 0 0
TIME WARNER CABLE INC CL A 88732J108 220 10251 SH DEFINED 01 10251 0 0
TIME WARNER INC COM 887317105 11841 1176990 SH DEFINED 01 1176990 0 0
TM ENTMT & MEDIA INC *W EXP 10/17/201 87260T116 13 425000 SH DEFINED 01 425000 0 0
TRANSOCEAN INC NEW SHS G90073100 9777 206920 SH DEFINED 01 206920 0 0
TREX INC NOTE 6.000% 7/0 89531PAA3 2020 2500000 PRN DEFINED 01 2500000 0 0
TRIAN ACQUISITION I CORP UNIT 99/99/9999 89582E207 4575 500000 SH DEFINED 01 500000 0 0
TRIAN ACQUISITION I CORP *W EXP 01/23/201 89582E116 460 2000000 SH DEFINED 01 2000000 0 0
TYCO INTL LTD BERMUDA SHS G9143X208 777 37500 SH DEFINED 01 37500 0 0
U S AIRWAYS GROUP INC COM 90341W108 580 75000 SH DEFINED 01 75000 0 0
UAL CORP COM NEW 902549807 246 80000 SH DEFINED 01 80000 0 0
UAL CORP DBCV 5.000% 2/0 902549AE4 2933 6000000 PRN DEFINED 01 6000000 0 0
ULTRA PETROLEUM CORP COM 903914109 1950 56500 SH DEFINED 01 56500 0 0
UNION PAC CORP COM 907818108 3839 80307 SH DEFINED 01 80307 0 0
UNITED RENTALS NORTH AMER IN NOTE 1.875%10/1 911365AH7 3581 5000000 PRN DEFINED 01 5000000 0 0
UNITED STATES OIL FUND LP UNITS 91232N108 3310 100000 SH CALL DEFINED 01 100000 0 0
UNITED TECHNOLOGIES CORP COM 913017109 17793 331966 SH DEFINED 01 331966 0 0
UNITED THERAPEUTICS CORP DEL COM 91307C102 11974 191426 SH DEFINED 01 191426 0 0
UNITEDHEALTH GROUP INC COM 91324P102 5355 201314 SH DEFINED 01 201314 0 0
US BANCORP DEL COM NEW 902973304 20383 814987 SH DEFINED 01 814987 0 0
USEC INC NOTE 3.000%10/0 90333EAC2 5671 13000000 PRN DEFINED 01 13000000 0 0
UTSTARCOM INC COM 918076100 104 40000 SH DEFINED 01 40000 0 0
VALERO ENERGY CORP NEW COM 91913Y100 1082 50000 SH DEFINED 01 50000 0 0
VALIDUS HOLDINGS LTD COM SHS G9319H102 2315 88500 SH DEFINED 01 88500 0 0
VANTAGE DRILLING COMPANY *W EXP 05/24/201 G93205121 55 550000 SH DEFINED 01 550000 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 31345 924624 SH DEFINED 01 924624 0 0
VIRGIN MEDIA INC COM 92769L101 7811 1565390 SH DEFINED 01 1565390 0 0
VISA INC COM CL A 92826C839 2212 42174 SH DEFINED 01 42174 0 0
VORNADO RLTY TR DBCV 2.850% 4/0 929042AC3 8768 11750000 PRN DEFINED 01 11750000 0 0
VORNADO RLTY TR SH BEN INT 929042109 296 4900 SH DEFINED 01 4900 0 0
VULCAN MATLS CO COM 929160109 209 3000 SH DEFINED 01 3000 0 0
WACHOVIA CORP NEW CONV7.5%PFD CL A 929903219 13739 18250 SH DEFINED 01 18250 0 0
WAL MART STORES INC COM 931142103 35309 629845 SH DEFINED 01 629845 0 0
WEATHERFORD INTERNATIONAL LT COM G95089101 812 75000 SH DEFINED 01 75000 0 0
WEBMD CORP NOTE 1.750% 6/1 94769MAE5 10426 12000000 PRN DEFINED 01 12000000 0 0
WELLPOINT INC COM 94973V107 6161 146235 SH DEFINED 01 146235 0 0
WELLS FARGO & CO NEW COM 949746101 15546 527330 SH DEFINED 01 527330 0 0
WESCO INTL INC NOTE 1.750%11/1 95082PAG0 5702 10250000 PRN DEFINED 01 10250000 0 0
WESCO INTL INC COM 95082P105 996 51810 SH DEFINED 01 51810 0 0
WESTAR ENERGY INC COM 95709T100 2265 110412 SH DEFINED 01 110412 0 0
WHITING PETE CORP NEW COM 966387102 1171 35000 SH DEFINED 01 35000 0 0
WILLBROS GROUP INC COM 969199108 2307 272348 SH DEFINED 01 272348 0 0
WILLIAMS COS INC DEL COM 969457100 1004 69338 SH DEFINED 01 69338 0 0
WINDSTREAM CORP COM 97381W104 7392 803451 SH DEFINED 01 803451 0 0
WYETH COM 983024100 6410 170900 SH DEFINED 01 170900 0 0
WYETH COM 983024100 10308 274800 SH CALL DEFINED 01 274800 0 0
XTO ENERGY INC COM 98385X106 3717 105389 SH DEFINED 01 105389 0 0
YAHOO INC COM 984332106 1592 130485 SH DEFINED 01 130485 0 0
ZBB ENERGY CORPORATION COM 98876R204 2030 1503340 SH DEFINED 01 1503340 0 0
ZIMMER HLDGS INC COM 98956P102 425 10524 SH DEFINED 01 10524 0 0