13F-HR 1 march.txt MARCH 13F 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, 2008 ? Check here if Amendment [ ] ? This Amendment (check only one.): [ ] is a restatement [ ] adds new holdings entries Institutional Investment Manager Filing this Report: Name: Del Mar Asset Management, LP Address: 711 Fifth Avenue, 5th Floor ? New York, NY 10022 ? ? ? ? Form 13F File Number: 028-11567 The institutional investment manager filing this report and the person by whom it is signed hereby request 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: Marc Simons ? ? Title: Chief Operating Officer ? Phone: 212-328-7140 ? ? Signature, Place and Date of Signing: ? ? New York, NY? ?2/19/08 [Signature] [City, State] [Date] Report Type (Check only one.): [ X ] 13F HOLDINGS REPORT. (Check here if all holdings of this report manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) FORM 13F SUMMARY PAGE Number of Other Included Managers: ? 0 Form 13F Information Table Entry Total: ? 152 Form 13F Information Table Value Total: ? $1,598,375 (thousands) List of Other Included Managers: NONE FORM 13F INFORMATION TABLE 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 MANAGERS SOLE SHARED NONE ABB LTD-SPON ADR SPONSORED ADR 000375204 807.6000 30,000 SH SOLE X AHG 3.375% 01 SEP 2033 NOTE 3.75% 9/0 037933AB4 5,617.1544 5,577,000 PRN SOLE X AKAM 1% 15 DEC 2033 NOTE 1% 12/12/2033 00971TAE1 51,166.2000 26,500,000 PRN SOLE X ALTERNATIVE ASSET MANAGEMENT COM 02149U101 2,367.5000 250,000 SH SOLE X AMIE 3.75% 15 APR 2027-144A NOTE 3.75% 4/1 023178AB2 2,004.1875 3,150,000 PRN SOLE X AMZN 4.75% 01 FEB 2009 NOTE 4.75% 2/1/2009 023135AF3 52,239.8250 49,500,000 PRN SOLE X APEX BIOVENTURES ACQUIS-CW11 06/07/11 WRT @ 6.0 *W EXP 06/07/201 03753Q113 99.0000 300,000 SH SOLE X APEX BIOVENTURES ACQUISITION COM 03753Q105 2,208.0000 300,000 SH SOLE X ASA LTD COM G3156P103 2,282.6580 27,800 SH SOLE X ASIA SPECIAL SITUATION ACQ SHS ADDED G0538M105 679.5000 75,000 SH SOLE X ATLAS ACQUISITION HOLDI-CW12 *W EXP 01/23/201 ADDED 049162118 52.5000 150,000 SH SOLE X ATLAS ACQUISTION HOLDINGS(ASE) COM ADDED 049162100 1,357.5000 150,000 SH SOLE X BANK OF AMERICA CORP P @ 30.0 MAY 08 PUT 60505954 337.3990 89 SH PUT SOLE X BANK OF AMERICA CORP P @ 32.5 MAY 08 PUT 60505954 5,686.5000 1,500 SH PUT SOLE X BEAR STEARNS COMPANIES INC C @ 12.500 APR 08 CALL 60505904 157.3500 150 SH CALL SOLE X BEAR STEARNS COMPANIES INC C @ 7.500 OCT 08 CALL 60505904 125.8800 120 SH CALL SOLE X BLK 2.625% 15 FEB 2035 DBCV 2.625% 2/15/2035 09247XAB7 12,915.3556 6,256,000 PRN SOLE X BOISE INC (NYS) COM ADDED 09746Y105 4,886.3744 763,496 SH SOLE X BOULDER GROWTH & INCOME FUND COM 101507101 454.8500 55,000 SH SOLE X CA 1.625% 15 DEC 2009 NOTE 1.625% 12/12/2009 204912AQ2 6,159.0000 5,000,000 PRN SOLE X CCL 0% 24 OCT 2021 NOTE 10/2 143658AP7 7,287.8300 10,000,000 PRN SOLE X CDN 0% 15 AUG 2023 NOTE 8/15/2023 127387AB4 2,968.2000 3,000,000 PRN SOLE X CEPH 0% 15 JUN 2033 A* NOTE 6/15/2033 156708AK5 3,413.3292 2,991,000 PRN SOLE X CEPH 0% 15 JUN 2033 SER B NOTE 6/15/2033 156708AL3 12,281.0000 10,000,000 PRN SOLE X CF INDUSTRIES HOLDINGS INC COM 125269100 414.4800 4,000 SH SOLE X CF INDUSTRIES HOLDINGS INC C @ 110.000 MAY 08 CALL 125269900 5,181.0000 500 SH CALL SOLE X CF INDUSTRIES HOLDINGS INC P @ 110.0 MAY 08 PUT 125269950 5,181.0000 500 SH PUT SOLE X CHARLOTTE RUSSE HOLDING INC COM 161048103 5,280.0300 304,500 SH SOLE X CITIGROUP INC C @ 20.0 JUN 08 CALL 172967901 10,710.0000 5,000 SH CALL SOLE X CITIGROUP INC P @ 10.0 JUN 08 PUT 172967951 2,045.6100 955 SH PUT SOLE X CITIGROUP INC P @ 20.0 JUN 08 PUT 172967951 10,710.0000 5,000 SH PUT SOLE X CMS 2.875% 01 DEC 2024 NOTE 2.875% 12/01/2024 125896AW0 5,656.0000 5,000,000 PRN SOLE X COLUMBUS ACQUISITION CORP (ASE) COM 198851107 2,256.0000 300,000 SH SOLE X COUNTRYWIDE FINANCIAL CORP COM 222372104 1,130.8000 205,600 SH SOLE X COUNTRYWIDE FINANCIAL CORP C @ 10.0 APR 08 CALL 222372904 6,050.0000 11,000 SH CALL SOLE X COUNTRYWIDE FINANCIAL CORP C @ 12.500 APR 08 CALL 222372904 3,711.4000 6,748 SH CALL SOLE X COUNTRYWIDE FINANCIAL CORP C @ 15.0 APR 08 CALL 222372904 385.0000 700 SH CALL SOLE X COUNTRYWIDE FINANCIAL CORP C @ 5.0 JUL 08 CALL 222372904 26.4000 48 SH CALL SOLE X COUNTRYWIDE FINANCIAL CORP C @ 7.5 APR 08 CALL 222372904 249.7000 454 SH CALL SOLE X COUNTRYWIDE FINANCIAL CORP P @ 10.0 APR 08 PUT 222372954 330.0000 600 SH PUT SOLE X COUNTRYWIDE FINANCIAL CORP P @ 12.5 APR 08 PUT 222372954 55.0000 100 SH PUT SOLE X COUNTRYWIDE FINANCIAL CORP P @ 2.5 APR 08 PUT 222372954 55.0000 100 SH PUT SOLE X COUNTRYWIDE FINANCIAL CORP P @ 5.000 APR 08 PUT 222372954 55.0000 100 SH PUT SOLE X COUNTRYWIDE FINANCIAL CORP P @ 7.5 APR 08 PUT 222372954 330.0000 600 SH PUT SOLE X CTV 1% 15 MAR 2024 SDCV 1% 3/15/2024 203372AD9 31,477.3000 19,000,000 PRN SOLE X CY 1.0% 15 SEP 2009 NOTE 1.000% 9/1 232806AK5 5,948.5000 5,000,000 PRN SOLE X ENERGY PARTNERS LTD COM 29270U105 236.7500 25,000 SH SOLE X ENTERPRISE ACQUISITION CORP COM ADDED 29365R108 1,840.0000 200,000 SH SOLE X ENTERPRISE ACQUISITION-CW11 11/07/11 WRT @ 7.5 *W EXP 11/07/201 ADDED 29365R116 100.0000 200,000 SH SOLE X FINANCIAL SELECT SECTOR SPDR SBI INT-FINL 81369Y605 3,506.6700 141,000 SH SOLE X FINANCIAL SELECT SECTOR SPDR P @ 20.0 JUN 08 PUT 81369Y955 7,456.0260 2,998 SH PUT SOLE X FINANCIAL SELECT SECTOR SPDR P @ 21.000 JUN 08 PUT 81369Y955 1,243.5000 500 SH PUT SOLE X FINANCIAL SELECT SECTOR SPDR P @ 22.0 JUN 08 PUT 81369Y955 2,487.0000 1,000 SH PUT SOLE X FINANCIAL SELECT SECTOR SPDR P @ 22.000 APR 08 PUT 81369Y955 6,217.5000 2,500 SH PUT SOLE X FINANCIAL SELECT SECTOR SPDR P @ 25.0 APR 08 PUT 81369Y955 2,487.0000 1,000 SH PUT SOLE X GARDNER DENVER OTC P @ 5.000 MAY 13 PUT 81369Y955 21,147.0000 5,700 SH PUT SOLE X GEMSTAR-TV GUIDE INTL INC COM 36866W106 8,225.0000 1,750,000 SH SOLE X GENEVA ACQUISITION CORP COM 37185Y104 281.5000 50,000 SH SOLE X GLOBAL BPO SERVICES COR-CW11 10/17/11 WRT @ 6.0 *W EXP 10/17/201 ADDED 378981112 49.5900 261,000 SH SOLE X GLOBAL BPO SERVICES CORP COM ADDED 378981104 2,190.0000 300,000 SH SOLE X GLOBAL CONSUMAR ACQUISIT-CW12 11/27/12 WRT @ 7.5 *W EXP 11/27/201 ADDED 378983118 35.7500 50,000 SH SOLE X GLOBAL CONSUMER ACQUISTION (ASE) COM ADDED 378983100 2,724.0000 300,000 SH SOLE X GOLDEN POND HEALTHCARE INC COM 38116J109 1,837.5000 250,000 SH SOLE X GSC ACQUISITION CO COM 40053G106 1,850.0000 200,000 SH SOLE X GSC ACQUISITION CO-CW11 *W EXP 06/25/201 40053G114 115.0000 250,000 SH SOLE X HICKS ACQUISITION CO I INC COM ADDED 429086309 2,754.0000 300,000 SH SOLE X HOOPER HOLMES INC COM 439104100 12.3097 18,938 SH SOLE X IDEATION ACQUISITION CO-CW11 11/19/11 WRT @ 6.0 *W EXP 11/19/201 ADDED 451665111 27.0940 67,735 SH SOLE X IDEATION ACQUISITION CORP (ASE) COM ADDED 451665103 484.3053 67,735 SH SOLE X JNPR 0% 15 JUN 2008 NOTE 6/15/2033 48203RAC8 6,355.0000 5,000,000 PRN SOLE X JPMORGAN CHASE & CO EQUITY OPTIO C @ 40.000 APR 08 CALL 46625H900 10,737.5000 2,500 SH CALL SOLE X JPMORGAN CHASE & CO P @ 40.0 APR 08 PUT 46625H950 10,737.5000 2,500 SH PUT SOLE X KBL HEALTHCARE ACQUISITION(ASE) COM 48241N107 720.0000 100,000 SH SOLE X LEHMAN BORTHERS HOLDINGS INC C @ 55.0 APR 08 CALL 524908900 376.4000 100 SH CALL SOLE X LEHMAN BORTHERS HOLDINGS INC P @ 10.0 APR 08 PUT 524908950 60.2240 16 SH PUT SOLE X LEHMAN BORTHERS HOLDINGS INC P @ 15.000 APR 08 PUT 524908950 941.0000 250 SH PUT SOLE X LEHMAN BORTHERS HOLDINGS INC P @ 20.000 APR 08 PUT 524908950 1,761.5520 468 SH PUT SOLE X LEHMAN BORTHERS HOLDINGS INC P @ 22.5 APR 08 PUT 524908950 820.5520 218 SH PUT SOLE X LEHMAN BORTHERS HOLDINGS INC P @ 25.0 APR 08 PUT 524908950 3,764.0000 1,000 SH PUT SOLE X LINN ENERGY LLC-UNITS P @ 40.0 APR 08 PUT 524908950 222.3000 117 SH PUT SOLE X LOW 0.861% 19 OCT 2021 NOTE 0.861% 10/19/2021 548661CG0 4,629.0000 5,000,000 PRN SOLE X MASTERCARD INC-CLASS A CL A 57636Q104 2,229.9000 10,000 SH SOLE X MBF HEALTHCARE ACQUISITION COM 552650103 1,540.0000 200,000 SH SOLE X MCG CAPITAL CORP COM 58047P107 2,272.5000 250,000 SH SOLE X MEDIA & ENTERTAINMENT HOLDIN COM 58439W108 748.0000 100,000 SH SOLE X MERRILL LYNCH & CO INC P @ 15.0 APR 08 PUT 590188958 3,377.3460 829 SH PUT SOLE X MERRILL LYNCH & CO INC P @ 25.0 APR 08 PUT 590188958 4,562.8800 1,120 SH PUT SOLE X MERRILL LYNCH & CO INC P @ 45.0 APR 08 PUT 590188958 1,572.5640 386 SH PUT SOLE X META FINANCIAL GROUP INC COM 59100U108 17.3400 1,000 SH SOLE X METHANEX CORP P @ 25.000 JUL 08 PUT 59151K958 6,945.0000 2,500 SH PUT SOLE X MGM MIRAGE COM 552953101 0.2351 4 SH SOLE X MIRANT CORP-W/I-CW11 (NYS) *W EXP 01/03/201 60467R118 8,345.0250 526,500 SH SOLE X MRX 2.5% 06 JUN 2032 NOTE 2.5% 6/06/2032 58470KAA2 11,386.2500 12,500,000 PRN SOLE X NBR 0% 15 JUN 2023-B NOTE 6/1 DELETED 629568AL0 5,254.0000 5,000,000 PRN SOLE X NT 2.125% 15 APR 2014 144A NOTE 2.125% 4/1 ADDED 656568AE2 4,674.7500 7,500,000 PRN SOLE X OCEANAUT INC(ASE) COM 675227102 545.6700 70,500 SH SOLE X OM GROUP INC COM 670872100 1,090.8000 20,000 SH SOLE X OVERSEAS SHIPPING GROUP C @ 65.000 APR 08 CALL 690368905 2,150.2280 307 SH CALL SOLE X OVERSEAS SHIPPING GROUP C @ 70.000 APR 08 CALL 690368905 2,311.3200 330 SH CALL SOLE X OVERTURE ACQUISITION CO-CW13 *W EXP 01/30/201 ADDED G6830P118 135.0000 300,000 SH SOLE X OVERTURE ACQUISTION CORP (ASE) SHS ADDED G6830P100 2,766.0000 300,000 SH SOLE X POLARIS ACQUISITION CORP COM ADDED 73104R102 2,745.0000 300,000 SH SOLE X POLARIS ACQUISITION-CW12 01/10/12 WRT @ 7.0 *W EXP 1/10/201 ADDED 73104R110 135.0000 300,000 SH SOLE X POTASH CORP OF SASKATCHEWAN C @ 150.000 JUN 08 CALL 73755L907 7,760.5000 500 SH CALL SOLE X POTASH CORP OF SASKATCHEWAN P @ 150.000 JUN 08 PUT 73755L957 7,760.5000 500 SH PUT SOLE X PRU FRN 12 DEC 2036 FRNT 12/1 744320AG7 4,854.0000 5,000,000 PRN SOLE X PRU FRN 15 DEC 2037 144A FRNT 12/1 744320AH5 14,200.0050 15,000,000 PRN SOLE X QUS 3.5% 15 NOV 2025 NOTE 3.5% 12/15/2025 749121BY4 23,023.9350 22,500,000 PRN SOLE X RIG 1.5% 15 DEC 2037 B NOTE 1.500%12/1 893830AV1 10,924.0000 10,000,000 PRN SOLE X RIG 1.625% 15 DEC 2037 A NOTE 1.625%12/1 893830AU3 10,917.5000 10,000,000 PRN SOLE X ROP 1.4813% 15 JAN 2034 NOTE 1.481% 1/15/2034 776696AA4 9,010.8000 12,000,000 PRN SOLE X SANTA MONICA MEDIA CORP COM 802501106 951.2500 125,000 SH SOLE X SANTA MONICA MEDIA CORP-CW11 *W EXP 03/27/201 802501114 18.7500 75,000 SH SOLE X SBA COMMUNICATIONS CORP-CL A COM 78388J106 894.9000 30,000 SH SOLE X SEANERGY MARITIME CORP (ASE) SHS ADDED Y73760103 701.2500 75,000 SH SOLE X SHENANDOAH TELECOMMUN CO COM 82312B106 227.7940 15,350 SH SOLE X SP ACQUISITION HOLDINGS INC(ASE) COM ADDED 78470A104 2,191.9880 239,300 SH SOLE X SPDR TRUST SERIES 1 COM 78462F103 121,122.0660 917,800 SH SOLE X SPDR TRUST SERIES 1 C @ 138.0 APR 08 CALL 78462F903 13,197.0000 1,000 SH CALL SOLE X SPDR TRUST SERIES 1 C @ 139.0 APR 08 CALL 78462F903 13,197.0000 1,000 SH CALL SOLE X SPDR TRUST SERIES 1 C @ 140.0 APR 08 CALL 78462F903 13,197.0000 1,000 SH CALL SOLE X SPDR TRUST SERIES 1 C @ 141.0 APR 08 CALL 78462F903 39,591.0000 3,000 SH CALL SOLE X SPDR TRUST SERIES 1 P @ 123.000 APR 08 PUT 78462F953 131,970.0000 10,000 SH PUT SOLE X SPDR TRUST SERIES 1 P @ 125.0 JUN 08 PUT 78462F953 131,970.0000 10,000 SH PUT SOLE X SPDR TRUST SERIES 1 P @ 128.0 APR 08 PUT 78462F953 263,940.0000 20,000 SH PUT SOLE X SPDR TRUST SERIES 1 P @ 130.0 JUN 08 PUT 78462F953 131,970.0000 10,000 SH PUT SOLE X SPDR TRUST SERIES 1 P @ 132.0 APR 08 PUT 78462F953 65,985.0000 5,000 SH PUT SOLE X SPORTS PROPERTIES ACQUI-CW12 *W EXP 01/17/201 ADDED 84920F115 135.0000 300,000 SH SOLE X SPORTS PROPERTIES ACQUISITIO(ASE COM ADDED 84920F107 2,727.0000 300,000 SH SOLE X STAR BULK CARRIERS CORP 12/15/09 WRT @ 8.0 *W EXP 12/16/200 Y8162K113 200.7000 45,000 SH SOLE X STAR BULK CARRIERS CORP(NMS) COM ADDED Y8162K105 2,278.0000 200,000 SH SOLE X STAR BULK CARRIERS CORP(NMS) COM ADDED Y8162K105 4,765.2457 418,371 SH SOLE X STEVEN MADDEN LTD COM 556269108 1,518.4032 88,640 SH SOLE X STJ 1.22% 15 DEC 2008-144A DBCV 1.22%12/1 790849AC7 5,080.0000 5,000,000 PRN SOLE X STONELEIGH PARTNERS ACQUISIT(ASE COM 861923100 2,265.0000 300,000 SH SOLE X SUN HEALTHCARE GROUP INC COM NEW 8669334PW 208.3070 75,748 SH SOLE X SYBASE INC [NYS] COM 871130100 9,047.2000 344,000 SH SOLE X SYMC 1.0% 15 JUN 2013 NOTE 1.000% 6/1 871503AF5 5,375.5000 5,000,000 PRN SOLE X TAILWIND FINANCIAL INC COM 874023104 1,518.6600 198,000 SH SOLE X TESORO CORP C @ 40.0 MAY 08 CALL 881609901 15,000.0000 5,000 SH CALL SOLE X TEVA 4.5% 15 MAY 2008 NOTE 4.500% 5/1 465823AG7 13,770.7652 13,168,000 PRN SOLE X TRIPLECROWN ACQUISITION CORP COM ADDED 89677G109 684.0000 75,000 SH SOLE X TRIPLECROWN ACQUISITION-CW12 10/22/12 WRT @ 7.5 *W EXP 10/22/201 ADDED 89677G117 40.5000 75,000 SH SOLE X ULTRASHOT REAL ESTATE PROSH REAL EST PRO 74347R552 993.4000 10,000 SH SOLE X UNIONBANCAL CORPORATION P @ 40.000 JUN 08 PUT 908906950 2,454.0000 500 SH PUT SOLE X UNITED REFINING ENERGY CORP (ASE COM ADDED 911360105 4,525.0000 500,000 SH SOLE X UNITED REFINING ENERGY-CW11 *W EXP 12/11/201 ADDED 911360113 275.0000 500,000 SH SOLE X VANTAGE ENERGY SERVICES INC COM 92209F102 2,793.7500 375,000 SH SOLE X VSH 3.625% 01 AUG 2023 NOTE 3.625% 8/0 928298AF5 12,458.7500 12,500,000 PRN SOLE X WELLS FARGO & COMPANY P @ 20.0 MAY 08 PUT 949746951 4,365.0000 1,500 SH PUT SOLE X WESTMORELAND COAL CO COM 960878106 135.8000 10,000 SH SOLE X YHOO 0% 01 APR 2008 FRNT 4/1/2008 984332AB2 38,153.7000 27,000,000 PRN SOLE X