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
AK STL CORP NOTE 5.000%11/1 001546AP5 16,186 14,136,000 PRN   SOLE   14,136,000 0 0
ARVINMERITOR INC FRNT 4.000% 2/1 043353AH4 4,722 4,500,000 PRN   SOLE   4,500,000 0 0
AVIS BUDGET GROUP COM 053774105 1,003 30,860 SH   SOLE   30,860 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 1,394 60,000 SH   SOLE   60,000 0 0
BROOKDALE SR LIVING INC COM 112463104 391 43,060 SH   SOLE   43,060 0 0
CANADIAN SOLAR INC NOTE 4.250% 2/1 136635AE9 10,360 10,660,000 PRN   SOLE   10,660,000 0 0
CARDTRONICS INC NOTE 1.000%12/0 14161HAG3 2,356 2,528,000 PRN   SOLE   2,528,000 0 0
CEMEX SAB DE CV NOTE 3.720% 3/1 151290BR3 6,524 6,500,000 PRN   SOLE   6,500,000 0 0
CEMEX SAB DE CV NOTE 3.720% 3/1 151290BT9 3,251 3,231,000 PRN   SOLE   3,231,000 0 0
CENTURYLINK INC COM 156700106 677 36,300 SH   SOLE   36,300 0 0
COMMUNITY HEALTH SYS INC NEW COM 203668108 869 261,844 SH   SOLE   261,844 0 0
DHT HOLDINGS INC DEBT 4.500%10/0 23335SAB2 2,190 2,140,000 PRN   SOLE   2,140,000 0 0
FREEPORT-MCMORAN INC CL B 35671D857 863 50,000 SH   SOLE   50,000 0 0
FRONTIER COMMUNICATIONS CORP COM NEW 35906A306 273 51,000 SH   SOLE   51,000 0 0
GNC HLDGS INC COM CL A 36191G107 4,106 1,166,394 SH   SOLE   1,166,394 0 0
GNC HLDGS INC NOTE 1.500% 8/1 36191GAB3 7,985 11,819,000 PRN   SOLE   11,819,000 0 0
GAMESTOP CORP NEW CL A 36467W109 4,442 304,886 SH   SOLE   304,886 0 0
GOGO INC COM 38046C109 243 50,000 SH   SOLE   50,000 0 0
GOGO INC NOTE 3.750% 3/0 38046CAB5 7,352 8,378,000 PRN   SOLE   8,378,000 0 0
HERBALIFE LTD NOTE 2.000% 8/1 42703MAB9 25,918 20,000,000 PRN   SOLE   20,000,000 0 0
HERTZ GLOBAL HLDGS INC COM 42806J106 651 42,429 SH   SOLE   42,429 0 0
NAVISTAR INTL CORP NEW NOTE 4.750% 4/1 63934EAS7 21,178 20,500,000 PRN   SOLE   20,500,000 0 0
PANDORA MEDIA INC NOTE 1.750%12/0 698354AB3 7,214 7,500,000 PRN   SOLE   7,500,000 0 0
PENNEY J C INC COM 708160106 244 104,358 SH   SOLE   104,358 0 0
PROSPECT CAPITAL CORPORATION COM 74348T102 271 40,340 SH   SOLE   40,340 0 0
PROSPECT CAPITAL CORPORATION NOTE 4.750% 4/1 74348TAQ5 5,630 5,624,000 PRN   SOLE   5,624,000 0 0
RENT A CTR INC NEW COM 76009N100 1,206 81,934 SH   SOLE   81,934 0 0
RITE AID CORP COM 767754104 130 75,000 SH   SOLE   75,000 0 0
SANOFI RIGHT 12/31/2020 80105N113 683 1,366,585 SH   SOLE   1,366,585 0 0
SOLARCITY CORP NOTE 2.750%11/0 83416TAA8 5,459 5,500,000 PRN   SOLE   5,500,000 0 0
TESLA INC NOTE 0.250% 3/0 88160RAB7 9,115 8,262,000 PRN   SOLE   8,262,000 0 0
TESLA INC NOTE 1.250% 3/0 88160RAC5 20,440 18,099,000 PRN   SOLE   18,099,000 0 0
TWITTER INC NOTE 0.250% 9/1 90184LAB8 12,638 13,000,000 PRN   SOLE   13,000,000 0 0
WEATHERFORD INTL LTD NOTE 5.875% 7/0 947075AH0 7,893 8,000,000 PRN   SOLE   8,000,000 0 0
WHITING PETE CORP NEW COM NEW 966387409 1,083 20,550 SH   SOLE   20,550 0 0
WHITING PETE CORP NEW NOTE 1.250% 4/0 966387AL6 2,569 2,685,000 PRN   SOLE   2,685,000 0 0
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 543 40,000 SH   SOLE   40,000 0 0
YANDEX NV NOTE 1.125%12/1 98474TAB3 15,155 15,264,000 PRN   SOLE   15,264,000 0 0
WEATHERFORD INTL PLC ORD SHS G48833100 659 200,221 SH   SOLE   200,221 0 0
MALLINCKRODT PUB LTD CO SHS G5785G107 4,503 241,297 SH   SOLE   241,297 0 0
AVON PRODS INC COM 054303102 1,026 633,600 SH Call SOLE   633,600 0 0
FRONTIER COMMUNICATIONS CORP COM NEW 35906A306 900 168,000 SH Call SOLE   168,000 0 0
GNC HLDGS INC COM CL A 36191G107 330 93,800 SH Call SOLE   93,800 0 0
MADISON SQUARE GARDEN CO NEW CL A 55825T103 5,739 18,500 SH Call SOLE   18,500 0 0
PENNEY J C INC COM 708160106 702 300,000 SH Call SOLE   300,000 0 0
RITE AID CORP COM 767754104 692 400,000 SH Call SOLE   400,000 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 40,902 1,760,000 SH Put SOLE   1,760,000 0 0
BROOKDALE SR LIVING INC COM 112463104 1,957 215,300 SH Put SOLE   215,300 0 0
CALIFORNIA RES CORP COM NEW 13057Q206 15,413 339,200 SH Put SOLE   339,200 0 0
CANADIAN SOLAR INC COM 136635109 14,899 1,217,200 SH Put SOLE   1,217,200 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889 16,041 2,445,200 SH Put SOLE   2,445,200 0 0
CENTURYLINK INC COM 156700106 16,856 904,300 SH Put SOLE   904,300 0 0
COMMUNITY HEALTH SYS INC NEW COM 203668108 2,030 611,500 SH Put SOLE   611,500 0 0
DISH NETWORK CORP CL A 25470M109 8,302 247,000 SH Put SOLE   247,000 0 0
ENERGEN CORP COM 29265N108 306 4,200 SH Put SOLE   4,200 0 0
GNC HLDGS INC COM CL A 36191G107 13,751 3,906,600 SH Put SOLE   3,906,600 0 0
GAMESTOP CORP NEW CL A 36467W109 10,333 709,200 SH Put SOLE   709,200 0 0
GOGO INC COM 38046C109 7,919 1,629,500 SH Put SOLE   1,629,500 0 0
MATTEL INC COM 577081102 739 45,000 SH Put SOLE   45,000 0 0
NAVISTAR INTL CORP NEW COM 63934E108 39,763 976,500 SH Put SOLE   976,500 0 0
OCWEN FINL CORP COM NEW 675746309 586 148,000 SH Put SOLE   148,000 0 0
PANDORA MEDIA INC COM 698354107 13,226 1,678,400 SH Put SOLE   1,678,400 0 0
PROSPECT CAPITAL CORPORATION COM 74348T102 12,279 1,829,900 SH Put SOLE   1,829,900 0 0
RH COM 74967X103 142,843 1,022,500 SH Put SOLE   1,022,500 0 0
RENT A CTR INC NEW COM 76009N100 8,505 577,800 SH Put SOLE   577,800 0 0
SUNPOWER CORP COM 867652406 252 32,800 SH Put SOLE   32,800 0 0
TANGER FACTORY OUTLET CTRS I COM 875465106 2,997 127,600 SH Put SOLE   127,600 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 7,647 227,800 SH Put SOLE   227,800 0 0
TESLA INC COM 88160R101 78,714 229,520 SH Put SOLE   229,520 0 0
TWITTER INC COM 90184L102 32,753 750,000 SH Put SOLE   750,000 0 0
UNITED STATES STL CORP NEW COM 912909108 893 25,700 SH Put SOLE   25,700 0 0
UNITI GROUP INC COM 91325V108 14,520 724,900 SH Put SOLE   724,900 0 0
WEB COM GROUP INC COM 94733A104 5,170 200,000 SH Put SOLE   200,000 0 0
WEIGHT WATCHERS INTL INC NEW COM 948626106 113,192 1,119,600 SH Put SOLE   1,119,600 0 0
WHITING PETE CORP NEW COM NEW 966387409 9,838 186,600 SH Put SOLE   186,600 0 0
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 9,710 715,000 SH Put SOLE   715,000 0 0
HERBALIFE LTD COM USD SHS G4412G101 109,293 2,034,500 SH Put SOLE   2,034,500 0 0
MALLINCKRODT PUB LTD CO SHS G5785G107 15,490 830,100 SH Put SOLE   830,100 0 0
YANDEX N V SHS CLASS A N97284108 27,823 775,000 SH Put SOLE   775,000 0 0
TEEKAY CORPORATION COM Y8564W103 553 71,400 SH Put SOLE   71,400 0 0