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
AMBAC FINL GROUP INC COM NEW 023139884 2,150 127,571 SH   SOLE   127,571 0 0
ATLANTICA YIELD PLC SHS G0751N103 3,401 150,000 SH   SOLE   150,000 0 0
AVON PRODS INC COM 054303102 6,054 1,560,304 SH   SOLE   1,560,304 0 0
CLOVIS ONCOLOGY INC COM 189464100 7,435 500,000 SH Call SOLE   500,000 0 0
CLOVIS ONCOLOGY INC NOTE 2.500% 9/1 189464AB6 23,587 26,445,000 PRN   SOLE   26,445,000 0 0
HIGHLAND INCOME FUND HIGHLAND INCOME 43010E404 2,768 200,000 SH   SOLE   200,000 0 0
ISHARES TR IBOXX HI YD ETF 464288513 122,052 1,400,000 SH Put SOLE   1,400,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 54,425 350,000 SH Put SOLE   350,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 27,213 175,000 SH Call SOLE   175,000 0 0
PG&E CORP COM 69331C108 4,584 200,000 SH   SOLE   200,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 161,150 550,000 SH Put SOLE   550,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 43,950 150,000 SH Call SOLE   150,000 0 0
SPDR SERIES TRUST S&P RETAIL ETF 78464A714 39,836 940,200 SH Put SOLE   940,200 0 0
SPRINT CORPORATION COM 85207U105 13,140 2,000,000 SH Put SOLE   2,000,000 0 0
UNITI GROUP INC COM 91325V108 3,325 350,000 SH   SOLE   350,000 0 0