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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ADVANCED MICRO DEVICES INC NOTE 6.000% 5/0 007903AL1   28,755 27,402,000 PRN   SOLE   27,402,000 0 0
AEGEAN MARINE PETE NETWORK I NOTE 4.000%11/0 Y0020QAA9   13,383 12,700,000 PRN   SOLE   12,700,000 0 0
ALPHA NATURAL RESOURCES INC COM 02076X102   3,512 7,550,000 SH Call SOLE   7,550,000 0 0
ALPHA NATURAL RESOURCES INC COM 02076X102   89,404 12,521,577 SH   SOLE   12,378,174 0 143,403
ALPHA NATURAL RESOURCES INC NOTE 3.750%12/1 02076XAE2   11,178 10,800,000 PRN   SOLE   10,800,000 0 0
ALPHA NATURAL RESOURCES INC NOTE 4.875%12/1 02076XAF9   9,692 9,000,000 PRN   SOLE   9,000,000 0 0
ALTRA INDL MOTION CORP NOTE 2.750% 3/0 02208RAE6   13,640 9,875,000 PRN   SOLE   9,875,000 0 0
AMERICAN RLTY CAP PPTYS INC NOTE 3.000% 8/0 02917TAA2   3,011 3,000,000 PRN   SOLE   3,000,000 0 0
APOLLO INVT CORP NOTE 5.750% 1/1 03761UAE6   33,259 31,229,000 PRN   SOLE   31,229,000 0 0
ARCH COAL INC COM 039380100   80 1,000,000 SH Call SOLE   1,000,000 0 0
ARES CAP CORP NOTE 4.875% 3/1 04010LAG8   10,473 9,807,000 PRN   SOLE   9,807,000 0 0
AT&T INC COM 00206R102   30 50,000 SH Put SOLE   50,000 0 0
BEAZER HOMES USA INC COM NEW 07556Q881   1 50,000 SH Put SOLE   50,000 0 0
BHP BILLITON LTD SPONSORED ADR 088606108   13 250,000 SH Put SOLE   250,000 0 0
BOTTOMLINE TECH DEL INC NOTE 1.500%12/0 101388AA4   12,592 9,310,000 PRN   SOLE   9,310,000 0 0
CALPINE CORP COM NEW 131347304   293 15,000 SH   SOLE   0 0 15,000
CATERPILLAR INC DEL COM 149123101   110 500,000 SH Put SOLE   500,000 0 0
CBEYOND INC COM 149847105   1,550 225,000 SH   SOLE   205,000 0 20,000
CHIQUITA BRANDS INTL INC NOTE 4.250% 8/1 170032AT3   22,112 22,549,000 PRN   SOLE   22,549,000 0 0
COGENT COMM GROUP INC NOTE 1.000% 6/1 19239VAB0   40,314 39,235,000 PRN   SOLE   39,235,000 0 0
CONSOL ENERGY INC COM 20854P109   346 9,100 SH   SOLE   0 0 9,100
DIGITAL RIV INC NOTE 1.250% 1/0 25388BAB0   3,000 3,000,000 PRN   SOLE   3,000,000 0 0
DIGITAL RIV INC NOTE 2.000%11/0 25388BAD6   4,572 4,624,000 PRN   SOLE   4,624,000 0 0
ENDEAVOUR INTL CORP COM NEW 29259G200   32,790 6,245,784 SH   SOLE   6,120,013 0 125,771
FASTENAL CO COM 311900104   150 100,000 SH Put SOLE   100,000 0 0
FIFTH STREET FINANCE CORP COM 31678A103   1,267 137,000 SH   SOLE   137,000 0 0
FINISAR CORP NOTE 5.000%10/1 31787AAK7   36,246 15,915,000 PRN   SOLE   15,915,000 0 0
FLOWSERVE CORP COM 34354P105   1 25,000 SH Put SOLE   25,000 0 0
GAMESTOP CORP NEW CL A 36467W109   1 70,000 SH Put SOLE   70,000 0 0
GENERAL MTRS CO COM 37045V100   335 8,200 SH   SOLE   0 0 8,200
GOGO INC COM 38046C109   1,710 200,000 SH Put SOLE   200,000 0 0
INLAND REAL ESTATE CORP NOTE 5.000%11/1 457461AC5   5,519 5,000,000 PRN   SOLE   5,000,000 0 0
INTERDIGITAL INC NOTE 2.500% 3/1 458660AB3   44,478 43,659,000 PRN   SOLE   43,659,000 0 0
ISHARES CHINA LG-CAP ETF 464287184   1 100,000 SH Put SOLE   100,000 0 0
ISHARES RUSSELL 2000 ETF 464287655   220 2,000,000 SH Put SOLE   2,000,000 0 0
ISIS PHARMACEUTICALS INC DEL NOTE 2.750%10/0 464337AG9   10,572 4,250,000 PRN   SOLE   4,250,000 0 0
JETBLUE AIRWAYS CORP COM 477143101   329 38,500 SH   SOLE   0 0 38,500
JETBLUE AIRWAYS CORP DBCV 5.500%10/1 477143AE1   5,255 2,626,000 PRN   SOLE   2,626,000 0 0
JETBLUE AIRWAYS CORP DBCV 6.750%10/1 477143AG6   43,378 22,778,000 PRN   SOLE   22,778,000 0 0
JOY GLOBAL INC COM 481165108   22 200,000 SH Put SOLE   200,000 0 0
L-3 COMMUNICATIONS CORP DEBT 3.000% 8/0 502413AW7   53,669 44,469,000 PRN   SOLE   44,469,000 0 0
LEAP WIRELESS INTL INC NOTE 4.500% 7/1 521863AL4   31,506 30,869,000 PRN   SOLE   30,869,000 0 0
LEVEL 3 COMMUNICATIONS INC COM 52729N308   4,075 500,000 SH Call SOLE   500,000 0 0
LEVEL 3 COMMUNICATIONS INC COM NEW 52729N308   90,093 2,716,086 SH   SOLE   2,698,334 0 17,752
LOUISIANA PAC CORP COM 546347105   39 25,000 SH Put SOLE   25,000 0 0
MASSEY ENERGY CO NOTE 3.250% 8/0 576203AJ2   402 400,000 PRN   SOLE   400,000 0 0
MICRON TECHNOLOGY INC COM 595112103   3,020 650,000 SH Call SOLE   650,000 0 0
MICRON TECHNOLOGY INC COM 595112103   4,943 227,275 SH   SOLE   210,000 0 17,275
MICROSOFT CORP COM 594918104   185 4,950 SH   SOLE   0 0 4,950
NORTHERN DYNASTY MINERALS LT COM NEW 66510M204   1,946 1,520,000 SH   SOLE   1,469,000 0 51,000
NUVASIVE INC NOTE 2.750% 7/0 670704AC9   11,963 11,000,000 PRN   SOLE   11,000,000 0 0
OREXIGEN THERAPEUTICS INC NOTE 2.750%12/0 686164AA2   980 1,000,000 PRN   SOLE   1,000,000 0 0
PAN AMERICAN SILVER CORP COM 697900108   212 18,125 SH   SOLE   0 0 18,125
PARAGON SHIPPING INC CL A NEW 69913R408   60 8,100 SH   SOLE   0 0 8,100
PEABODY ENERGY CORP COM 704549104   84 200,000 SH Call SOLE   200,000 0 0
PEABODY ENERGY CORP COM 704549104   165 8,467 SH   SOLE   0 0 8,467
PENDRELL CORP COM 70686R104   3,070 1,527,448 SH   SOLE   1,461,448 0 66,000
PHOTRONICS INC NOTE 3.250% 4/0 719405AH5   30,758 27,355,000 PRN   SOLE   27,355,000 0 0
PHOTRONICS INC NOTE 5.500%10/0 719405AF9   15,513 8,500,000 PRN   SOLE   8,500,000 0 0
PROVIDENCE SVC CORP NOTE 6.500% 5/1 743815AB8   32,399 31,590,000 PRN   SOLE   31,590,000 0 0
RAMBUS INC DEL NOTE 5.000% 6/1 750917AC0   23,974 23,620,000 PRN   SOLE   23,620,000 0 0
RESOLUTE FST PRODS INC COM 76117W109   205,553 12,831,041 SH   SOLE   12,793,311 0 37,730
ROVI CORP NOTE 2.625% 2/1 779376AB8   14,270 14,094,000 PRN   SOLE   14,094,000 0 0
ROYAL BK CDA MONTREAL QUE COM 780087102   40 400,000 SH Put SOLE   400,000 0 0
SANDRIDGE ENERGY INC COM 80007P307   251 41,400 SH   SOLE   0 0 41,400
SIRIUS XM HLDGS INC COM 82968B103   7 1,450,000 SH Put SOLE   1,450,000 0 0
SONDE RES CORP COM 835426107   1,507 2,290,163 SH   SOLE   2,248,163 0 42,000
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109   36 550,000 SH Put SOLE   550,000 0 0
SPDR SERIES TRUST S&P HOMEBUILD 78464A888   1 50,000 SH Put SOLE   50,000 0 0
STURM RUGER & CO INC COM 864159108   27 100,000 SH Put SOLE   100,000 0 0
TEEKAY CORPORATION COM Y8564W103   346 7,200 SH   SOLE   0 0 7,200
TRANSOCEAN LTD REG SHS H8817H100   247 5,000 SH   SOLE   0 0 5,000
VOLCANO CORPORATION NOTE 2.875% 9/0 928645AA8   6,392 6,059,000 PRN   SOLE   6,059,000 0 0
WALTER ENERGY INC COM 93317Q105   704 950,000 SH Call SOLE   950,000 0 0
WALTER ENERGY INC COM 93317Q105   142 8,520 SH   SOLE   0 0 8,520
WEBMD HEALTH CORP NOTE 2.500% 1/3 94770VAF9   33,575 34,043,000 PRN   SOLE   34,043,000 0 0
WEBMD HEALTH CORP NOTE 2.250% 3/3 94770VAH5   17,437 17,350,000 PRN   SOLE   17,350,000 0 0
WRIGHT MED GROUP INC NOTE 2.625%12/0 98235TAA5   531 519,000 PRN   SOLE   519,000 0 0