UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                                    Form 13F

                              Form 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: March 31, 2009

Check here if Amendment [ X]; Amendment Number: 1
This Amendment (Check only one.): [ X] 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     June 09, 2009

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:     389

Form13F Information Table Value Total:     $2,474,268 (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    15093  1082680 SH       DEFINED 01            1082680        0        0
ABBOTT LABS                    COM              002824100    13101   274651 SH       DEFINED 01             274651        0        0
ACCENTURE LTD BERMUDA          CL A             G1150G111     2324    84545 SH       DEFINED 01              84545        0        0
ACE LTD                        SHS              H0023R105     1893    46867 SH       DEFINED 01              46867        0        0
ACORDA THERAPEUTICS INC        COM              00484M106     1981   100000 SH       DEFINED 01             100000        0        0
AERCAP HOLDINGS NV             SHS              N00985106      423   130000 SH       DEFINED 01             130000        0        0
AFFORDABLE RESIDENTIAL CMNTY   NOTE 7.500% 8/1  00828UAB9    14283 14500000 PRN      DEFINED 01           14500000        0        0
AIR PRODS & CHEMS INC          COM              009158106     3965    70485 SH       DEFINED 01              70485        0        0
AKAMAI TECHNOLOGIES INC        COM              00971T101      466    24020 SH       DEFINED 01              24020        0        0
ALCON INC                      COM SHS          H01301102    32121   380000 SH       DEFINED 01             380000        0        0
ALLEGHENY ENERGY INC           COM              017361106     3396   146548 SH       DEFINED 01             146548        0        0
ALLERGAN INC                   COM              018490102     4163    87174 SH       DEFINED 01              87174        0        0
ALLERGAN INC                   NOTE 1.500% 4/0  018490AL6     5951  5750000 PRN      DEFINED 01            5750000        0        0
ALLSTATE CORP                  COM              020002101     1361    71045 SH       DEFINED 01              71045        0        0
ALTRIA GROUP INC               COM              02209S103     4424   276163 SH       DEFINED 01             276163        0        0
AMAZON COM INC                 COM              023135106     1375    18717 SH       DEFINED 01              18717        0        0
AMDOCS LTD                     ORD              G02602103     1015    60000 SH       DEFINED 01              60000        0        0
AMERICAN ELEC PWR INC          COM              025537101     5305   210000 SH       DEFINED 01             210000        0        0
AMERICAN TOWER CORP            CL A             029912201     2948    96889 SH       DEFINED 01              96889        0        0
AMERICREDIT CORP               COM              03060R101      692   118100 SH  PUT  DEFINED 01             118100        0        0
AMERICREDIT CORP               NOTE 2.125% 9/1  03060RAR2     3913 10000000 PRN      DEFINED 01           10000000        0        0
AMGEN INC                      COM              031162100    27376   552825 SH       DEFINED 01             552825        0        0
AMGEN INC                      NOTE 0.375% 2/0  031162AQ3     9392 10250000 PRN      DEFINED 01           10250000        0        0
ANADARKO PETE CORP             COM              032511107     1435    36894 SH       DEFINED 01              36894        0        0
ANNALY CAP MGMT INC            COM              035710409     1884   135865 SH       DEFINED 01             135865        0        0
ANWORTH MORTGAGE ASSET CP      COM              037347101     1226   200000 SH       DEFINED 01             200000        0        0
APACHE CORP                    COM              037411105     5251    81926 SH       DEFINED 01              81926        0        0
APOLLO GROUP INC               CL A             037604105     1175    15000 SH       DEFINED 01              15000        0        0
APPLE INC                      COM              037833100    34686   329963 SH       DEFINED 01             329963        0        0
APPLIED MATLS INC              COM              038222105     4236   394080 SH       DEFINED 01             394080        0        0
ARCELORMITTAL SA LUXEMBOURG    NY REGISTRY SH   03938L104     1703    85000 SH       DEFINED 01              85000        0        0
ARCHER DANIELS MIDLAND CO      UNIT 99/99/9999  039483201     6979   190000 SH       DEFINED 01             190000        0        0
ARVINMERITOR INC               NOTE 4.625% 3/0  043353AF8     2325 10000000 PRN      DEFINED 01           10000000        0        0
AT&T INC                       COM              00206R102    13101   519865 SH       DEFINED 01             519865        0        0
AU OPTRONICS CORP              SPONSORED ADR    002255107     4111   490000 SH       DEFINED 01             490000        0        0
AUTOLIV INC                    COM              052800109     2043   110000 SH       DEFINED 01             110000        0        0
AUTOZONE INC                   COM              053332102     6749    41501 SH       DEFINED 01              41501        0        0
AVIS BUDGET GROUP              COM              053774105     9098   320000 SH       DEFINED 01             320000        0        0
AVISTA CORP                    COM              05379B107      422    30633 SH       DEFINED 01              30633        0        0
BAKER HUGHES INC               COM              057224107      267     9366 SH       DEFINED 01               9366        0        0
BANCORPSOUTH INC               COM              059692103     2158   103541 SH       DEFINED 01             103541        0        0
BANK OF AMERICA CORPORATION    COM              060505104     3204   469757 SH       DEFINED 01             469757        0        0
BANK OF NEW YORK MELLON CORP   COM              064058100     4407   155990 SH       DEFINED 01             155990        0        0
BARRICK GOLD CORP              COM              067901108      421    13000 SH       DEFINED 01              13000        0        0
BAXTER INTL INC                COM              071813109     5602   109371 SH       DEFINED 01             109371        0        0
BECKMAN COULTER INC            COM              075811109      413     8088 SH       DEFINED 01               8088        0        0
BECTON DICKINSON & CO          COM              075887109     2251    33473 SH       DEFINED 01              33473        0        0
BERKSHIRE HATHAWAY INC DEL     CL A             084670108     2081       24 SH       DEFINED 01                 24        0        0
BEST BUY INC                   COM              086516101     1781    46912 SH       DEFINED 01              46912        0        0
BHP BILLITON LTD               SPONSORED ADR    088606108     2522    56550 SH       DEFINED 01              56550        0        0
BIOGEN IDEC INC                COM              09062X103     3204    61119 SH       DEFINED 01              61119        0        0
BIOMIMETIC THERAPEUTICS INC    COM              09064X101     9412  1325682 SH       DEFINED 01            1325682        0        0
BMC SOFTWARE INC               COM              055921100     1375    41660 SH       DEFINED 01              41660        0        0
BOEING CO                      COM              097023105     5554   156090 SH       DEFINED 01             156090        0        0
BOSTON PPTYS LTD PARTNERSHIP   NOTE 2.875% 2/1  10112RAK0    17183 21750000 PRN      DEFINED 01           21750000        0        0
BOSTON SCIENTIFIC CORP         COM              101137107     1472   185139 SH       DEFINED 01             185139        0        0
BRISTOL MYERS SQUIBB CO        COM              110122108      631    28803 SH       DEFINED 01              28803        0        0
BROADCOM CORP                  CL A             111320107     1471    73603 SH       DEFINED 01              73603        0        0
BURLINGTON NORTHN SANTA FE C   COM              12189T104     2637    43843 SH       DEFINED 01              43843        0        0
C H ROBINSON WORLDWIDE INC     COM NEW          12541W209      947    20759 SH       DEFINED 01              20759        0        0
CA INC                         COM              12673P105     1136    64490 SH       DEFINED 01              64490        0        0
CABLEVISION SYS CORP           CL A NY CABLVS   12686C109      745    57573 SH       DEFINED 01              57573        0        0
CADENCE PHARMACEUTICALS INC    COM              12738T100      393    41893 SH       DEFINED 01              41893        0        0
CAMERON INTERNATIONAL CORP     COM              13342B105      571    26055 SH       DEFINED 01              26055        0        0
CARDINAL HEALTH INC            COM              14149Y108     2953    93816 SH       DEFINED 01              93816        0        0
CAREER EDUCATION CORP          COM              141665109    30223  1261379 SH       DEFINED 01            1261379        0        0
CAREER EDUCATION CORP          COM              141665109     8146   340000 SH  PUT  DEFINED 01             340000        0        0
CARRIZO OIL & CO INC           COM              144577103      222    25000 SH       DEFINED 01              25000        0        0
CATERPILLAR INC DEL            COM              149123101     1647    58899 SH       DEFINED 01              58899        0        0
CB RICHARD ELLIS GROUP INC     CL A             12497T101     5944  1475000 SH       DEFINED 01            1475000        0        0
CELGENE CORP                   COM              151020104     3805    85702 SH       DEFINED 01              85702        0        0
CF INDS HLDGS INC              COM              125269100    18914   265901 SH       DEFINED 01             265901        0        0
CHENIERE ENERGY INC            NOTE 2.250% 8/0  16411RAE9     2512 10000000 PRN      DEFINED 01           10000000        0        0
CHESAPEAKE ENERGY CORP         COM              165167107    12176   713744 SH       DEFINED 01             713744        0        0
CHEVRON CORP NEW               COM              166764100    28699   426814 SH       DEFINED 01             426814        0        0
CHINA MED TECHNOLOGIES INC     NOTE 3.500%11/1  169483AB0     6200 10000000 PRN      DEFINED 01           10000000        0        0
CHUBB CORP                     COM              171232101     1990    47031 SH       DEFINED 01              47031        0        0
CHURCH & DWIGHT INC            COM              171340102    11809   226090 SH       DEFINED 01             226090        0        0
CIENA CORP                     COM NEW          171779309     2223   285745 SH       DEFINED 01             285745        0        0
CISCO SYS INC                  COM              17275R102    38921  2320851 SH       DEFINED 01            2320851        0        0
CIT GROUP INC                  COM              125581108     6237  2188568 SH       DEFINED 01            2188568        0        0
CITIGROUP INC                  COM              172967101     1012   400000 SH  CALL DEFINED 01             400000        0        0
CITIGROUP INC                  COM              172967101      194    76500 SH  PUT  DEFINED 01              76500        0        0
CLOROX CO DEL                  COM              189054109     2927    56860 SH       DEFINED 01              56860        0        0
CMS ENERGY CORP                COM              125896100     2142   180927 SH       DEFINED 01             180927        0        0
COCA COLA CO                   COM              191216100    19306   439278 SH       DEFINED 01             439278        0        0
COEUR D ALENE MINES CORP IDA   NOTE 1.250% 1/1  192108AQ1     3075  5000000 PRN      DEFINED 01            5000000        0        0
COEUR D ALENE MINES CORP IDA   NOTE 3.250% 3/1  192108AR9     2008  4500000 PRN      DEFINED 01            4500000        0        0
COMCAST CORP NEW               CL A             20030N101     4679   343054 SH       DEFINED 01             343054        0        0
COMERICA INC                   COM              200340107    12423   678509 SH       DEFINED 01             678509        0        0
COMPANHIA DE BEBIDAS DAS AME   SPON ADR PFD     20441W203     2712    56788 SH       DEFINED 01              56788        0        0
COMPANHIA VALE DO RIO DOCE     SPON ADR PFD     204412100     3368   298600 SH       DEFINED 01             298600        0        0
COMPANHIA VALE DO RIO DOCE     SPONSORED ADR    204412209     1971   148222 SH       DEFINED 01             148222        0        0
CONOCOPHILLIPS                 COM              20825C104     6987   178421 SH       DEFINED 01             178421        0        0
CORNING INC                    COM              219350105    13965  1052362 SH       DEFINED 01            1052362        0        0
COVIDIEN LTD                   COM              G2552X108     4481   134797 SH       DEFINED 01             134797        0        0
CROWN HOLDINGS INC             COM              228368106     3370   148275 SH       DEFINED 01             148275        0        0
CSX CORP                       COM              126408103    13874   536698 SH       DEFINED 01             536698        0        0
CURAGEN CORP                   COM              23126R101      560   132000 SH       DEFINED 01             132000        0        0
CV THERAPEUTICS INC            COM              126667104      298    15000 SH       DEFINED 01              15000        0        0
CVS CAREMARK CORPORATION       COM              126650100    21099   767529 SH       DEFINED 01             767529        0        0
DEERE & CO                     COM              244199105     2437    74140 SH       DEFINED 01              74140        0        0
DELL INC                       COM              24702R101     6564   692400 SH       DEFINED 01             692400        0        0
DEVELOPERS DIVERSIFIED RLTY    NOTE 3.000% 3/1  251591AS2     2375  5000000 PRN      DEFINED 01            5000000        0        0
DEVON ENERGY CORP NEW          COM              25179M103     6141   137422 SH       DEFINED 01             137422        0        0
DEVRY INC DEL                  COM              251893103      771    16000 SH       DEFINED 01              16000        0        0
DIAMOND OFFSHORE DRILLING IN   COM              25271C102      331     5266 SH       DEFINED 01               5266        0        0
DIRECTV GROUP INC              COM              25459L106     3205   140641 SH       DEFINED 01             140641        0        0
DISCOVER FINL SVCS             COM              254709108    15896  2519209 SH       DEFINED 01            2519209        0        0
DISNEY WALT CO                 COM DISNEY       254687106     2646   145693 SH       DEFINED 01             145693        0        0
DOLAN MEDIA CO                 COM              25659P402     2840   360827 SH       DEFINED 01             360827        0        0
DU PONT E I DE NEMOURS & CO    COM              263534109     2020    90453 SH       DEFINED 01              90453        0        0
DUKE ENERGY CORP NEW           COM              26441C105     3682   257102 SH       DEFINED 01             257102        0        0
E M C CORP MASS                COM              268648102     3927   344510 SH       DEFINED 01             344510        0        0
E M C CORP MASS                NOTE 1.750%12/0  268648AM4    11471 11750000 PRN      DEFINED 01           11750000        0        0
EDGE PETE CORP DEL             PFD CONV A       279862205       48    50000 SH       DEFINED 01              50000        0        0
EDISON INTL                    COM              281020107     1145    39758 SH       DEFINED 01              39758        0        0
ELIXIR GAMING TECHNOLOGIES I   COM              28661G105      179  1625000 SH       DEFINED 01            1625000        0        0
ENDEAVOR INTL CORP INC         NOTE 6.000% 1/1  29257MAB6     2494  4000000 PRN      DEFINED 01            4000000        0        0
ENSCO INTL INC                 COM              26874Q100      539    20403 SH       DEFINED 01              20403        0        0
ENTERGY CORP NEW               COM              29364G103     2657    39022 SH       DEFINED 01              39022        0        0
ENZON PHARMACEUTICALS INC      NOTE 4.000% 6/0  293904AE8     8050 10000000 PRN      DEFINED 01           10000000        0        0
EOG RES INC                    COM              26875P101     8417   153709 SH       DEFINED 01             153709        0        0
EQT CORP                       COM              26884L109      709    22640 SH       DEFINED 01              22640        0        0
EQUINIX INC                    COM NEW          29444U502     1082    19264 SH       DEFINED 01              19264        0        0
EQUITY RESIDENTIAL             SH BEN INT       29476L107      198    10800 SH       DEFINED 01              10800        0        0
EXELON CORP                    COM              30161N101     1951    42989 SH       DEFINED 01              42989        0        0
EXPEDIA INC DEL                COM              30212P105      908   100000 SH       DEFINED 01             100000        0        0
EXPEDIA INC DEL                COM              30212P105      908   100000 SH  PUT  DEFINED 01             100000        0        0
EXPEDITORS INTL WASH INC       COM              302130109      726    25656 SH       DEFINED 01              25656        0        0
EXXON MOBIL CORP               COM              30231G102    15000   220270 SH       DEFINED 01             220270        0        0
FIFTH THIRD BANCORP            COM              316773100      879   301025 SH       DEFINED 01             301025        0        0
FIRST SOLAR INC                COM              336433107     1520    11456 SH       DEFINED 01              11456        0        0
FLOTEK INDS INC DEL            NOTE 5.250% 2/1  343389AA0     1040  4000000 PRN      DEFINED 01            4000000        0        0
FMC TECHNOLOGIES INC           COM              30249U101     1277    40695 SH       DEFINED 01              40695        0        0
FORD MTR CO DEL                NOTE 4.250%12/1  345370CF5    10751 30000000 PRN      DEFINED 01           30000000        0        0
FORD MTR CO DEL                PUT              345370950      885   336500 SH  PUT  DEFINED 01             336500        0        0
FOREST OIL CORP                COM PAR $0.01    346091705     1175    89390 SH       DEFINED 01              89390        0        0
FOSTER WHEELER AG              COM              H27178104    13189   754965 SH       DEFINED 01             754965        0        0
FREEPORT-MCMORAN COPPER & GO   PFD CONV         35671D782     3434    53500 SH       DEFINED 01              53500        0        0
FRESENIUS KABI PHARMACEUTHLD   RIGHT 06/30/2011 35802M115      148   400000 SH       DEFINED 01             400000        0        0
GENERAL DYNAMICS CORP          COM              369550108     1040    25000 SH       DEFINED 01              25000        0        0
GENERAL ELECTRIC CO            COM              369604103     3940   389673 SH       DEFINED 01             389673        0        0
GENERAL ELECTRIC CO            COM              369604103     3943   390000 SH  PUT  DEFINED 01             390000        0        0
GENERAL MLS INC                COM              370334104     2359    47286 SH       DEFINED 01              47286        0        0
GENERAL MTRS CORP              DEB SR CV C 33   370442717     1124   400000 SH       DEFINED 01             400000        0        0
GENZYME CORP                   COM              372917104     4857    81776 SH       DEFINED 01              81776        0        0
GILEAD SCIENCES INC            COM              375558103     7713   166515 SH       DEFINED 01             166515        0        0
GILEAD SCIENCES INC            NOTE 0.500% 5/0  375558AG8     3776  3000000 PRN      DEFINED 01            3000000        0        0
GLG PARTNERS INC               UNIT 12/28/2011  37929X206      253    90200 SH       DEFINED 01              90200        0        0
GLOBAL CROSSING LTD            NOTE 5.000% 5/1  37932JAA1     5100 10000000 PRN      DEFINED 01           10000000        0        0
GOLDEN POND HEALTHCARE INC     *W EXP 11/06/201 38116J117       23   450000 SH       DEFINED 01             450000        0        0
GOLDEN POND HEALTHCARE INC     COM              38116J109     2155   284300 SH       DEFINED 01             284300        0        0
GOLDMAN SACHS GROUP INC        COM              38141G104     8482    80008 SH       DEFINED 01              80008        0        0
GOODRICH CORP                  COM              382388106    11866   313181 SH       DEFINED 01             313181        0        0
GOODRICH PETE CORP             COM NEW          382410405     6568   339254 SH       DEFINED 01             339254        0        0
GOOGLE INC                     CL A             38259P508    12321    35399 SH       DEFINED 01              35399        0        0
HALLIBURTON CO                 COM              406216101     1055    68197 SH       DEFINED 01              68197        0        0
HCP INC                        COM              40414L109      182    10200 SH       DEFINED 01              10200        0        0
HECKMANN CORP                  *W EXP 11/09/201 422680116      695   869150 SH       DEFINED 01             869150        0        0
HEINZ H J CO                   COM              423074103     3299    99800 SH       DEFINED 01              99800        0        0
HEINZ H J CO                   COM              423074103     6612   200000 SH  CALL DEFINED 01             200000        0        0
HESS CORP                      COM              42809H107     1322    24386 SH       DEFINED 01              24386        0        0
HEWLETT PACKARD CO             COM              428236103    29235   911897 SH       DEFINED 01             911897        0        0
HONEYWELL INTL INC             COM              438516106     2583    92715 SH       DEFINED 01              92715        0        0
HOST HOTELS & RESORTS INC      COM              44107P104       82    21000 SH       DEFINED 01              21000        0        0
HUNTINGTON BANCSHARES INC      COM              446150104      500   301025 SH       DEFINED 01             301025        0        0
IAMGOLD CORP                   COM              450913108     1667   195000 SH       DEFINED 01             195000        0        0
INCYTE CORP                    COM              45337C102      683   292027 SH       DEFINED 01             292027        0        0
INTEL CORP                     COM              458140100    27920  1855149 SH       DEFINED 01            1855149        0        0
INTEL CORP                     SDCV 2.950%12/1  458140AD2     4377  5250000 PRN      DEFINED 01            5250000        0        0
INTERNATIONAL BUSINESS MACHS   COM              459200101      716     7389 SH       DEFINED 01               7389        0        0
INTERNATIONAL COAL GRP INC N   NOTE 9.000% 8/0  45928HAD8     3156  5500000 PRN      DEFINED 01            5500000        0        0
INTUIT                         COM              461202103     1189    44035 SH       DEFINED 01              44035        0        0
IPC HLDGS LTD                  ORD              G4933P101     1878    69465 SH       DEFINED 01              69465        0        0
ISHARES INC                    MSCI BRAZIL      464286400     6598   175000 SH       DEFINED 01             175000        0        0
ISHARES INC                    MSCI BRAZIL      464286400     9757   258800 SH  CALL DEFINED 01             258800        0        0
ISHARES INC                    MSCI S KOREA     464286772    10405   365600 SH  CALL DEFINED 01             365600        0        0
ISHARES INC                    MSCI TAIWAN      464286731      190    23522 SH       DEFINED 01              23522        0        0
ISHARES TR                     MSCI EMERG MKT   464287234    17204   693444 SH       DEFINED 01             693444        0        0
ISHARES TR                     FTSE XNHUA IDX   464287184     7898   276820 SH       DEFINED 01             276820        0        0
ISHARES TR                     FTSE XNHUA IDX   464287184    10545   369600 SH  CALL DEFINED 01             369600        0        0
ISHARES TR                     MSCI EMERG MKT   464287234    10208   411430 SH  CALL DEFINED 01             411430        0        0
JETBLUE AIRWAYS CORP           COM              477143101     4110  1126126 SH       DEFINED 01            1126126        0        0
JOHNSON & JOHNSON              COM              478160104    20237   384727 SH       DEFINED 01             384727        0        0
JPMORGAN CHASE & CO            COM              46625H100    42224  1588580 SH       DEFINED 01            1588580        0        0
KELLOGG CO                     COM              487836108     2386    65149 SH       DEFINED 01              65149        0        0
KEYCORP NEW                    COM              493267108     6974   886169 SH       DEFINED 01             886169        0        0
KOHLS CORP                     COM              500255104     4958   117155 SH       DEFINED 01             117155        0        0
KRAFT FOODS INC                CL A             50075N104     4363   195758 SH       DEFINED 01             195758        0        0
KROGER CO                      COM              501044101     4046   190657 SH       DEFINED 01             190657        0        0
LIBERTY ACQUISITION HLDGS CO   UNIT 99/99/9999  53015Y206     3499   388800 SH       DEFINED 01             388800        0        0
LIBERTY MEDIA CORP             DEB 3.500% 1/1   530715AN1     8289 27000000 PRN      DEFINED 01           27000000        0        0
LIBERTY MEDIA CORP NEW         ENT COM SER A    53071M500     3799   190438 SH       DEFINED 01             190438        0        0
LILLY ELI & CO                 COM              532457108     2319    69417 SH       DEFINED 01              69417        0        0
LINEAR TECHNOLOGY CORP         NOTE 3.000% 5/0  535678AC0     1668  2000000 PRN      DEFINED 01            2000000        0        0
LOCKHEED MARTIN CORP           COM              539830109     1221    17689 SH       DEFINED 01              17689        0        0
LOWES COS INC                  COM              548661107     3449   188961 SH       DEFINED 01             188961        0        0
LUCENT TECHNOLOGIES INC        DBCV 2.750% 6/1  549463AG2     4580  5175000 PRN      DEFINED 01            5175000        0        0
MARATHON OIL CORP              COM              565849106     1772    67398 SH       DEFINED 01              67398        0        0
MARKET VECTORS ETF TR          GOLD MINER ETF   57060U100    11064   300000 SH  CALL DEFINED 01             300000        0        0
MARKET VECTORS ETF TR          GOLD MINER ETF   57060U100    36106   979000 SH  PUT  DEFINED 01             979000        0        0
MASIMO CORP                    COM              574795100      725    25000 SH       DEFINED 01              25000        0        0
MASTERCARD INC                 CL A             57636Q104     2014    12024 SH       DEFINED 01              12024        0        0
MATTEL INC                     COM              577081102      782    67800 SH       DEFINED 01              67800        0        0
MCAFEE INC                     COM              579064106     1542    46020 SH       DEFINED 01              46020        0        0
MCGRAW HILL COS INC            COM              580645109      435    19039 SH       DEFINED 01              19039        0        0
MECHEL OAO                     SPONSORED ADR    583840103     1592   381818 SH       DEFINED 01             381818        0        0
MEDTRONIC INC                  COM              585055106     4984   169137 SH       DEFINED 01             169137        0        0
MEDTRONIC INC                  NOTE 1.625% 4/1  585055AM8    20438 22900000 PRN      DEFINED 01           22900000        0        0
MEMC ELECTR MATLS INC          COM              552715104      706    42799 SH       DEFINED 01              42799        0        0
MERCK & CO INC                 COM              589331107     7656   286199 SH       DEFINED 01             286199        0        0
METLIFE INC                    COM              59156R108     1973    86656 SH       DEFINED 01              86656        0        0
MFA FINANCIAL INC              COM              55272X102     1029   175000 SH       DEFINED 01             175000        0        0
MICRON TECHNOLOGY INC          COM              595112103     2371   583993 SH       DEFINED 01             583993        0        0
MICROSOFT CORP                 COM              594918104    17153   933769 SH       DEFINED 01             933769        0        0
MICROVISION INC DEL            COM              594960106      488   156000 SH       DEFINED 01             156000        0        0
MINDRAY MEDICAL INTL LTD       SPON ADR         602675100      337    18196 SH       DEFINED 01              18196        0        0
MONRO MUFFLER BRAKE INC        COM              610236101     1367    50000 SH       DEFINED 01              50000        0        0
MORGAN STANLEY                 COM NEW          617446448     1861    81717 SH       DEFINED 01              81717        0        0
MOSAIC CO                      COM              61945A107    21833   520070 SH       DEFINED 01             520070        0        0
MOSAIC CO                      COM              61945A107    41980  1000000 SH  CALL DEFINED 01            1000000        0        0
MOSAIC CO                      COM              61945A107    25188   600000 SH  PUT  DEFINED 01             600000        0        0
MURPHY OIL CORP                COM              626717102     1166    26055 SH       DEFINED 01              26055        0        0
MYLAN INC                      PFD CONV         628530206     5748     6650 SH       DEFINED 01               6650        0        0
NABORS INDS INC                NOTE 0.940% 5/1  629568AP1    19936 22400000 PRN      DEFINED 01           22400000        0        0
NABORS INDUSTRIES LTD          SHS              G6359F103      409    40968 SH       DEFINED 01              40968        0        0
NATIONAL CITY CORP             NOTE 4.000% 2/0  635405AW3    17317 18900000 PRN      DEFINED 01           18900000        0        0
NETAPP INC                     COM              64110D104      816    55000 SH       DEFINED 01              55000        0        0
NETFLIX INC                    COM              64110L106     7446   173476 SH       DEFINED 01             173476        0        0
NEWMONT MINING CORP            COM              651639106    11190   250000 SH  CALL DEFINED 01             250000        0        0
NEWMONT MINING CORP            NOTE 1.250% 7/1  651639AJ5     4139  3500000 PRN      DEFINED 01            3500000        0        0
NEWMONT MINING CORP            COM              651639106     1564    34935 SH       DEFINED 01              34935        0        0
NII HLDGS INC                  NOTE 3.125% 6/1  62913FAJ1     5600  8000000 PRN      DEFINED 01            8000000        0        0
NIKE INC                       CL B             654106103      394     8400 SH       DEFINED 01               8400        0        0
NOBLE CORPORATION              SHS              G65422100     4056   168350 SH       DEFINED 01             168350        0        0
NOBLE ENERGY INC               COM              655044105     1268    23543 SH       DEFINED 01              23543        0        0
NORDSTROM INC                  COM              655664100     3350   200000 SH  PUT  DEFINED 01             200000        0        0
NORFOLK SOUTHERN CORP          COM              655844108     1684    49897 SH       DEFINED 01              49897        0        0
NORTHEAST UTILS                COM              664397106     6353   294239 SH       DEFINED 01             294239        0        0
NORTHERN TR CORP               COM              665859104     1619    27065 SH       DEFINED 01              27065        0        0
NOVA BIOSOURCE FUELS INC       NOTE 10.000% 9/3 65488WAC7      263  3500000 PRN      DEFINED 01            3500000        0        0
NOVA CHEMICALS CORP            COM              66977W109      462    80000 SH       DEFINED 01              80000        0        0
NOVELLUS SYS INC               COM              670008101     3043   183000 SH       DEFINED 01             183000        0        0
NPS PHARMACEUTICALS INC        COM              62936P103    13527  3220814 SH       DEFINED 01            3220814        0        0
NVIDIA CORP                    COM              67066G104     4122   418057 SH       DEFINED 01             418057        0        0
OCCIDENTAL PETE CORP DEL       COM              674599105     5267    94643 SH       DEFINED 01              94643        0        0
ODYSSEY MARINE EXPLORATION I   COM              676118102    10869  3206076 SH       DEFINED 01            3206076        0        0
OMNICARE INC                   DBCV 3.250%12/1  681904AL2     1976  3000000 PRN      DEFINED 01            3000000        0        0
OPTIMER PHARMACEUTICALS INC    COM              68401H104      198    15000 SH       DEFINED 01              15000        0        0
ORACLE CORP                    COM              68389X105     9015   498904 SH       DEFINED 01             498904        0        0
OSCIENT PHARMACEUTICALS CORP   COM NEW          68812R303      103   859539 SH       DEFINED 01             859539        0        0
PATTERSON UTI ENERGY INC       COM              703481101      211    23527 SH       DEFINED 01              23527        0        0
PEABODY ENERGY CORP            COM              704549104     1113    44463 SH       DEFINED 01              44463        0        0
PENN VA CORP                   COM              707882106     1098   100000 SH       DEFINED 01             100000        0        0
PENNEY J C INC                 COM              708160106     4014   200000 SH  PUT  DEFINED 01             200000        0        0
PEOPLES UNITED FINANCIAL INC   COM              712704105     2509   139618 SH       DEFINED 01             139618        0        0
PEPSI BOTTLING GROUP INC       COM              713409100     5807   262273 SH       DEFINED 01             262273        0        0
PEPSICO INC                    COM              713448108    10276   199607 SH       DEFINED 01             199607        0        0
PETROHAWK ENERGY CORP          COM              716495106     5619   292181 SH       DEFINED 01             292181        0        0
PETROLEO BRASILEIRO SA PETRO   SP ADR NON VTG   71654V101    16035   654500 SH       DEFINED 01             654500        0        0
PETROLEO BRASILEIRO SA PETRO   SPONSORED ADR    71654V408      229     7500 SH       DEFINED 01               7500        0        0
PFIZER INC                     COM              717081103    40964  3007622 SH       DEFINED 01            3007622        0        0
PG&E CORP                      COM              69331C108     3496    91469 SH       DEFINED 01              91469        0        0
PHILIP MORRIS INTL INC         COM              718172109     4505   126627 SH       DEFINED 01             126627        0        0
PIONEER NAT RES CO             COM              723787107     2168    40000 SH       DEFINED 01              40000        0        0
PLAINS EXPL& PRODTN CO         COM              726505100     9304   539984 SH       DEFINED 01             539984        0        0
POTASH CORP SASK INC           COM              73755L107    15324   189633 SH       DEFINED 01             189633        0        0
POTASH CORP SASK INC           COM              73755L107    99155  1227000 SH  CALL DEFINED 01            1227000        0        0
POTASH CORP SASK INC           COM              73755L107    34344   425000 SH  PUT  DEFINED 01             425000        0        0
PPL CORP                       COM              69351T106     2525    87943 SH       DEFINED 01              87943        0        0
PRECISION CASTPARTS CORP       COM              740189105    10697   178581 SH       DEFINED 01             178581        0        0
PRICE T ROWE GROUP INC         COM              74144T108      294    10200 SH       DEFINED 01              10200        0        0
PRICELINE COM INC              COM NEW          741503403     1970    25000 SH       DEFINED 01              25000        0        0
PROCTER & GAMBLE CO            COM              742718109    11061   234883 SH       DEFINED 01             234883        0        0
PROGRESS ENERGY INC            COM              743263105     2813    77586 SH       DEFINED 01              77586        0        0
PROLOGIS                       NOTE 1.875%11/1  743410AR3     6359 12500000 PRN      DEFINED 01           12500000        0        0
PROLOGIS                       NOTE 2.250% 4/0  743410AQ5     8232 15000000 PRN      DEFINED 01           15000000        0        0
PROSHARES TR                   PSHS ULTSHT FINL 74347R628     1472    15000 SH  CALL DEFINED 01              15000        0        0
PUBLIC STORAGE                 COM              74460D109      265     4800 SH       DEFINED 01               4800        0        0
PUBLIC SVC ENTERPRISE GROUP    COM              744573106     9996   339197 SH       DEFINED 01             339197        0        0
QUALCOMM INC                   COM              747525103    25501   655381 SH       DEFINED 01             655381        0        0
QUICKSILVER RESOURCES INC      COM              74837R104     2062   372173 SH       DEFINED 01             372173        0        0
QWEST COMMUNICATIONS INTL IN   COM              749121109     3928  1148402 SH       DEFINED 01            1148402        0        0
RANGE RES CORP                 COM              75281A109      832    20220 SH       DEFINED 01              20220        0        0
REGAL ENTMT GROUP              CL A             758766109     1472   109804 SH       DEFINED 01             109804        0        0
RENAISSANCERE HOLDINGS LTD     COM              G7496G103     2862    57888 SH       DEFINED 01              57888        0        0
RESEARCH IN MOTION LTD         COM              760975102     7649   177600 SH       DEFINED 01             177600        0        0
RF MICRODEVICES INC            NOTE 1.000% 4/1  749941AJ9     1631  3000000 PRN      DEFINED 01            3000000        0        0
ROHM & HAAS CO                 COM              775371107      788    10000 SH       DEFINED 01              10000        0        0
SANDISK CORP                   COM              80004C101     2152   170144 SH       DEFINED 01             170144        0        0
SANDISK CORP                   NOTE 1.000% 5/1  80004CAC5     1528  2500000 PRN      DEFINED 01            2500000        0        0
SCANA CORP NEW                 COM              80589M102      464    15006 SH       DEFINED 01              15006        0        0
SCHERING PLOUGH CORP           COM              806605101     5125   217642 SH       DEFINED 01             217642        0        0
SCHLUMBERGER LTD               COM              806857108     4428   109018 SH       DEFINED 01             109018        0        0
SCHLUMBERGER LTD               DBCV 2.125% 6/0  806857AD0     4995  4000000 PRN      DEFINED 01            4000000        0        0
SCHWAB CHARLES CORP NEW        COM              808513105    13902   896932 SH       DEFINED 01             896932        0        0
SELECT SECTOR SPDR TR          SBI INT-ENERGY   81369Y506     4671   110000 SH       DEFINED 01             110000        0        0
SELECT SECTOR SPDR TR          SBI INT-FINL     81369Y605    64702  7344195 SH       DEFINED 01            7344195        0        0
SELECT SECTOR SPDR TR          SBI INT-FINL     81369Y605    13215  1500000 SH  CALL DEFINED 01            1500000        0        0
SELECT SECTOR SPDR TR          SBI MATERIALS    81369Y100    29984  1350000 SH  CALL DEFINED 01            1350000        0        0
SELECT SECTOR SPDR TR          SBI MATERIALS    81369Y100    18879   850000 SH  PUT  DEFINED 01             850000        0        0
SEMICONDUCTOR HLDRS TR         DEP RCPT         816636203    24497  1310000 SH       DEFINED 01            1310000        0        0
SESI L L C                     NOTE 1.500%12/1  78412FAH7     4570  6250000 PRN      DEFINED 01            6250000        0        0
SIMON PPTY GROUP INC NEW       COM              828806109      313     9028 SH       DEFINED 01               9028        0        0
SINCLAIR BROADCAST GROUP INC   NOTE 3.000% 5/1  829226AW9     5400 10000000 PRN      DEFINED 01           10000000        0        0
SMITH INTL INC                 COM              832110100     7517   349945 SH       DEFINED 01             349945        0        0
SOLARFUN POWER HOLDINGS CO L   SPONSORED ADR    83415U108      455   108500 SH       DEFINED 01             108500        0        0
SOUTHERN CO                    COM              842587107     3053    99717 SH       DEFINED 01              99717        0        0
SOUTHWESTERN ENERGY CO         COM              845467109     4861   163721 SH       DEFINED 01             163721        0        0
SPDR GOLD TRUST                GOLD SHS         78463V107     4877    54021 SH       DEFINED 01              54021        0        0
SPDR GOLD TRUST                GOLD SHS         78463V107     2257    25000 SH  CALL DEFINED 01              25000        0        0
SPDR SERIES TRUST              S&P HOMEBUILD    78464A888     1593   150000 SH       DEFINED 01             150000        0        0
SPDR SERIES TRUST              S&P RETAIL ETF   78464A714    47037  2053140 SH       DEFINED 01            2053140        0        0
SPECTRA ENERGY CORP            COM              847560109     1495   105726 SH       DEFINED 01             105726        0        0
SPRINT NEXTEL CORP             COM SER 1        852061100     3575  1001274 SH       DEFINED 01            1001274        0        0
SPX CORP                       COM              784635104    24135   513395 SH       DEFINED 01             513395        0        0
ST JUDE MED INC                COM              790849103     2564    70565 SH       DEFINED 01              70565        0        0
STATE STR CORP                 COM              857477103     2227    72337 SH       DEFINED 01              72337        0        0
STEEL DYNAMICS INC             COM              858119100    12038  1366390 SH       DEFINED 01            1366390        0        0
STONELEIGH PARTNERS ACQUS CO   *W EXP 05/31/201 861923126        0  1120000 SH       DEFINED 01            1120000        0        0
STREAM GLOBAL SVCS INC         *W EXP 10/17/201 86323M118       30   300000 SH       DEFINED 01             300000        0        0
STRYKER CORP                   COM              863667101      671    19726 SH       DEFINED 01              19726        0        0
SUN MICROSYSTEMS INC           COM NEW          866810203      726    99220 SH       DEFINED 01              99220        0        0
SUNPOWER CORP                  COM CL B         867652307      372    18798 SH       DEFINED 01              18798        0        0
SUNPOWER CORP                  DBCV 0.750% 8/0  867652AB5     7470  9000000 PRN      DEFINED 01            9000000        0        0
SUNPOWER CORP                  COM CL A         867652109      354    14877 SH       DEFINED 01              14877        0        0
SUNTECH PWR HLDGS CO LTD       NOTE 0.250% 2/1  86800CAC8     4563  5000000 PRN      DEFINED 01            5000000        0        0
SUNTRUST BKS INC               COM              867914103     2054   174955 SH       DEFINED 01             174955        0        0
SYMANTEC CORP                  COM              871503108     3074   205754 SH       DEFINED 01             205754        0        0
SYMANTEC CORP                  NOTE 0.750% 6/1  871503AD0    14584 14750000 PRN      DEFINED 01           14750000        0        0
SYNOVUS FINL CORP              COM              87161C105      521   160236 SH       DEFINED 01             160236        0        0
TAIWAN SEMICONDUCTOR MFG LTD   SPONSORED ADR    874039100     1074   120000 SH       DEFINED 01             120000        0        0
TARGET CORP                    COM              87612e106     3439   100000 SH  PUT  DEFINED 01             100000        0        0
TD AMERITRADE HLDG CORP        COM              87236Y108     1381   100000 SH       DEFINED 01             100000        0        0
TERRA INDS INC                 COM              880915103    18320   652194 SH       DEFINED 01             652194        0        0
TEVA PHARMACEUTICAL INDS LTD   ADR              881624209     9821   218000 SH  CALL DEFINED 01             218000        0        0
TEXAS INSTRS INC               COM              882508104     5264   318832 SH       DEFINED 01             318832        0        0
TIME WARNER CABLE INC          COM              88732J207      527    21255 SH       DEFINED 01              21255        0        0
TIME WARNER INC                COM              887317105     4983   258161 SH       DEFINED 01             258161        0        0
TM ENTMT & MEDIA INC           *W EXP 10/17/201 87260T116       43   425000 SH       DEFINED 01             425000        0        0
TRANSOCEAN INC                 NOTE 1.500%12/1  893830AW9    23310 28000000 PRN      DEFINED 01           28000000        0        0
TRANSOCEAN LTD                 REG SHS          H8817H100     2399    40777 SH       DEFINED 01              40777        0        0
TRAVELERS COMPANIES INC        COM              89417E109     1012    24891 SH       DEFINED 01              24891        0        0
TREX INC                       NOTE 6.000% 7/0  89531PAA3     1313  2500000 PRN      DEFINED 01            2500000        0        0
TRIAN ACQUISITION I CORP       *W EXP 01/23/201 89582E116      400  2000000 SH       DEFINED 01            2000000        0        0
TRIAN ACQUISITION I CORP       UNIT 99/99/9999  89582E207     3654   387500 SH       DEFINED 01             387500        0        0
TYCO INTL LTD BERMUDA          SHS              G9143X208     3179   162500 SH       DEFINED 01             162500        0        0
U S G CORP                     COM NEW          903293405      571    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     2381  6000000 PRN      DEFINED 01            6000000        0        0
ULTRA PETROLEUM CORP           COM              903914109     4294   119637 SH       DEFINED 01             119637        0        0
UNION PAC CORP                 COM              907818108     4526   110083 SH       DEFINED 01             110083        0        0
UNITED STATES NATL GAS FUND    UNIT             912318102      760    50000 SH       DEFINED 01              50000        0        0
UNITED STATES OIL FUND LP      UNITS            91232N108     2905   100000 SH       DEFINED 01             100000        0        0
UNITED STATES STL CORP NEW     COM              912909108      845    40000 SH       DEFINED 01              40000        0        0
UNITED TECHNOLOGIES CORP       COM              913017109     3475    80852 SH       DEFINED 01              80852        0        0
UNITEDHEALTH GROUP INC         COM              91324P102     5409   258443 SH       DEFINED 01             258443        0        0
USEC INC                       NOTE 3.000%10/0  90333EAC2     7253 13000000 PRN      DEFINED 01           13000000        0        0
UTSTARCOM INC                  COM              918076100      104    40000 SH       DEFINED 01              40000        0        0
VALIDUS HOLDINGS LTD           COM SHS          G9319H102     2704   114200 SH       DEFINED 01             114200        0        0
VALUECLICK INC                 COM              92046N102      638    75000 SH       DEFINED 01              75000        0        0
VANTAGE DRILLING COMPANY       *W EXP 05/24/201 G93205121       55   550000 SH       DEFINED 01             550000        0        0
VERIZON COMMUNICATIONS INC     COM              92343V104    11616   384635 SH       DEFINED 01             384635        0        0
VIRGIN MEDIA INC               COM              92769L101    10599  2208038 SH       DEFINED 01            2208038        0        0
VISA INC                       COM CL A         92826C839     3299    59328 SH       DEFINED 01              59328        0        0
VORNADO RLTY L P               DEB 3.875% 4/1   929043AC1     1585  2000000 PRN      DEFINED 01            2000000        0        0
VORNADO RLTY TR                DBCV 2.850% 4/0  929042AC3     6661  8750000 PRN      DEFINED 01            8750000        0        0
VULCAN MATLS CO                COM              929160109     2879    65000 SH       DEFINED 01              65000        0        0
WAL MART STORES INC            COM              931142103    16679   320125 SH       DEFINED 01             320125        0        0
WALTER INDS INC                COM              93317Q105      435    19000 SH       DEFINED 01              19000        0        0
WEATHERFORD INTERNATIONAL LT   REG              H27013103     2196   198360 SH       DEFINED 01             198360        0        0
WEBMD CORP                     NOTE 1.750% 6/1  94769MAE5     4719  5000000 PRN      DEFINED 01            5000000        0        0
WEBMD CORP                     NOTE 3.125% 9/0  94769MAG0     5561  6600000 PRN      DEFINED 01            6600000        0        0
WELLPOINT INC                  COM              94973V107    13144   346180 SH       DEFINED 01             346180        0        0
WELLS FARGO & CO NEW           COM              949746101     4352   305607 SH       DEFINED 01             305607        0        0
WELLS FARGO & CO NEW           PERP PFD CNV A   949746804     7653    15978 SH       DEFINED 01              15978        0        0
WESCO INTL INC                 COM              95082P105     1180    65138 SH       DEFINED 01              65138        0        0
WESCO INTL INC                 NOTE 1.750%11/1  95082PAG0     4934  6900000 PRN      DEFINED 01            6900000        0        0
WESTAR ENERGY INC              COM              95709T100     2467   140756 SH       DEFINED 01             140756        0        0
WILLIAMS COS INC DEL           COM              969457100      644    56625 SH       DEFINED 01              56625        0        0
WINDSTREAM CORP                COM              97381W104    10298  1277653 SH       DEFINED 01            1277653        0        0
WISCONSIN ENERGY CORP          COM              976657106     1441    35000 SH       DEFINED 01              35000        0        0
WYETH                          COM              983024100    41884   973211 SH       DEFINED 01             973211        0        0
XCEL ENERGY INC                COM              98389B100     2769   148616 SH       DEFINED 01             148616        0        0
XTO ENERGY INC                 COM              98385X106    13091   427516 SH       DEFINED 01             427516        0        0
YAHOO INC                      COM              984332106     2147   167573 SH       DEFINED 01             167573        0        0
ZBB ENERGY CORPORATION         COM              98876R204     1278  1503340 SH       DEFINED 01            1503340        0        0
ZIMMER HLDGS INC               COM              98956P102     1160    31777 SH       DEFINED 01              31777        0        0