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

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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
APOLLO ED GROUP INC CL A 037604105 4,397 573,295 SH   DFND 1 573,295 0 0
CA INC COM 12673P105 12,732 445,783 SH   DFND 1 445,783 0 0
CALPINE CORP COM NEW 131347304 16,367 1,131,110 SH   DFND 1 1,131,110 0 0
CHIPMOS TECH BERMUDA LTD SHS G2110R114 1,195 60,370 SH   DFND 1 60,370 0 0
DISH NETWORK CORP CL A 25470M109 13,452 235,264 SH   DFND 1 235,264 0 0
DYNEGY INC NEW DEL COM 26817R108 7,631 569,499 SH   DFND 1 569,499 0 0
ECHOSTAR CORP CL A 278768106 24,998 639,170 SH   DFND 1 639,170 0 0
GENERAL MTRS CO COM 37045V100 3,867 113,689 SH   DFND 1 113,689 0 0
KRATON PERFORMANCE POLYMERS COM 50077C106 16,911 1,018,123 SH   DFND 1 1,018,123 0 0
NEWS CORP NEW CL A 65249B109 14,637 1,095,562 SH   DFND 1 1,095,562 0 0
NEWS CORP NEW CL B 65249B208 9,451 677,037 SH   DFND 1 677,037 0 0
SONIC AUTOMOTIVE INC CL A 83545G102 4,138 181,831 SH   DFND 1 181,831 0 0
WESTMORELAND COAL CO COM 960878106 907 154,190 SH   DFND 1 154,190 0 0