The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AEGERION PHARMACEUTICALS INC NOTE 00767EAB8 657 1,134,000 PRN   SOLE 0 1,134,000 0 0
CENTRAL FUND OF CANADA LTD CL A 153501101 7,840 564,040 SH   SOLE 0 564,040 0 0
CTRIP.COM INTERNATIONAL LTD NOTE 22943FAD2 277,160 226,369,000 PRN   SOLE 0 226,369,000 0 0
CTRIP.COM INTERNATIONAL LTD NOTE 22943FAF7 2,643 2,500,000 PRN   SOLE 0 2,500,000 0 0
FIAT CHRYSLER AUTOMOBILES NV SHS N31738102 1,884 308,000 SH   SOLE 0 308,000 0 0
ISHARES SILVER TRUST CALL 46428Q109 17,865 1,000,000 SH   SOLE 0 1,000,000 0 0
ISHARES SILVER TRUST PUT 46428Q109 8,039 450,000 SH   SOLE 0 450,000 0 0
LIBERTY GLOBAL INC SHS CL A G5480U104 7,555 260,000 SH   SOLE 0 260,000 0 0
MARKET VECTORS GOLD MINERS ETF CALL 92189F106 56,805 2,050,000 SH   SOLE 0 2,050,000 0 0
MARKET VECTORS GOLD MINERS ETF PUT 92189F106 4,156 150,000 SH   SOLE 0 150,000 0 0
MGIC INVESTMENT CORP NOTE 552848AE3 3,345 3,000,000 PRN   SOLE 0 3,000,000 0 0
PROSPECT CAPITAL CORP PUT 74348T102 2,346 300,000 SH   SOLE 0 300,000 0 0
SPDR GOLD SHARES CALL 78463V107 822,055 6,500,000 SH   SOLE 0 6,500,000 0 0
SPDR S&P 500 ETF TRUST PUT 78462F103 513,213 2,450,000 SH   SOLE 0 2,450,000 0 0
SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 3,294 300,000 SH   SOLE 0 300,000 0 0
STANDARD PACIFIC CORP NOTE 85375CBC4 1,080 1,000,000 PRN   SOLE 0 1,000,000 0 0