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
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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
GT ADVANCED TECHNOLOGIES INC NOTE 3.000%12/1 36191UAB2 1,213 750,000 SH   SOLE   0 0 750,000
RAIT FINANCIAL TRUST NOTE 4.000%10/0 749227AB0 975 1,000,000 SH   SOLE   0 0 1,000,000
HOME INNS & HOTELS MGMT INC NOTE 2.000%12/1 43713WAB3 967 1,000,000 SH   SOLE   0 0 1,000,000
SALIX PHARMACEUTICALS INC NOTE 1.500% 3/1 795435AE6 845 500,000 SH   SOLE   0 0 500,000
AMERICAN RLTY CAP PPTYS INC NOTE 3.750%12/1 02917TAB0 816 750,000 SH   SOLE   0 0 750,000
AMERICAN RLTY CAP PPTYS INC NOTE 3.000% 8/0 02917TAA2 532 500,000 SH   SOLE   0 0 500,000
ENDOLOGIX INC NOTE 2.250%12/1 29266SAA4 475 500,000 SH   SOLE   0 0 500,000
POWERSHARES QQQ TRUST PUT 73935A954 2,193 25,000 SH Put SOLE   0 0 25,000
SPDR S&P 500 ETF TR PUT 78462F953 1,882 10,000 SH Put SOLE   0 0 10,000
SPDR S&P 500 ETF TR PUT 78462F953 2,822 15,000 SH Put SOLE   0 0 15,000
SPDR S&P 500 ETF TR PUT 78462F953 1,882 10,000 SH Put SOLE   0 0 10,000
WEB COM GROUP INC NOTE 1.000% 8/1 94733AAA2 1,177 1,000,000 SH   SOLE   0 0 1,000,000
ALERE INC NOTE 3.000% 5/1 01449JAA3 1,099 1,000,000 SH   SOLE   0 0 1,000,000
CIENA CORP NOTE 0.875% 6/1 171779AE1 890 875,000 SH   SOLE   0 0 875,000