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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
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L104 1,985 433,493 SH   SOLE   433,493 0 0
CONSOL ENERGY INC COM 20854P109 1,637 145,000 SH   SOLE   145,000 0 0
GLOBALSTAR INC COM 378973408 47,888 32,576,923 SH   SOLE   32,576,923 0 0
GOLDMAN SACHS BDC INC SHS 38147U107 1,733 88,400 SH   SOLE   88,400 0 0
LEVEL 3 COMMUNICATIONS INC COM NEW 52729N308 15,445 292,236 SH   SOLE   292,236 0 0
MERCER INTL INC COM 588056101 95 10,000 SH   SOLE   10,000 0 0
MICRON TECHNOLOGY INC COM 595112103 2,403 229,500 SH   SOLE   229,500 0 0
MOSAIC CO NEW COM 61945C103 4,185 155,000 SH   SOLE   155,000 0 0
PENDRELL CORP COM 70686R104 262 493,800 SH   SOLE   493,800 0 0
PHOTRONICS INC COM 719405102 1,004 96,431 SH   SOLE   96,431 0 0
RESOLUTE FST PRODS INC COM 76117W109 33,033 5,995,028 SH   SOLE   5,995,028 0 0
SKULLCANDY INC COM 83083J104 203 57,000 SH   SOLE   57,000 0 0
TPG SPECIALTY LENDING INC COM 87265K102 400 24,774 SH   SOLE   24,774 0 0
WYNN RESORTS LTD COM 983134107 1,007 10,779 SH   SOLE   10,779 0 0
ALASKA COMMUNICATIONS SYS GR NOTE 6.250% 5/0 01167PAE1 22,800 24,000,000 PRN   SOLE   24,000,000 0 0
AMERICAN RLTY CAP PPTYS INC NOTE 3.000% 8/0 02917TAA2 55,510 56,933,000 PRN   SOLE   56,933,000 0 0
ARES CAP CORP NOTE 5.125% 6/0 04010LAD5 4,020 4,000,000 PRN   SOLE   4,000,000 0 0
ARES CAP CORP NOTE 4.875% 3/1 04010LAG8 30,572 30,009,000 PRN   SOLE   30,009,000 0 0
ARES CAP CORP NOTE 4.750% 1/1 04010LAJ2 7,398 7,262,000 PRN   SOLE   7,262,000 0 0
ARES CAP CORP NOTE 4.375% 1/1 04010LAM5 17,095 16,863,000 PRN   SOLE   16,863,000 0 0
BLACKROCK CAPITAL INVESTMENT NOTE 5.500% 2/1 092533AB4 3,090 3,000,000 PRN   SOLE   3,000,000 0 0
BLUCORA INC NOTE 4.250% 4/0 095229AB6 7,963 10,600,000 PRN   SOLE   10,600,000 0 0
FIFTH STR FIN CORP NOTE 5.375% 4/0 31679BAC4 25,056 25,056,000 PRN   SOLE   25,056,000 0 0
FINISAR CORP NOTE 0.500%12/1 31787AAM3 38,727 39,517,000 PRN   SOLE   39,517,000 0 0
INFINERA CORPORATION DBCV 1.750% 6/0 45667GAB9 63,496 44,750,000 PRN   SOLE   44,750,000 0 0
INTERDIGITAL INC NOTE 1.500% 3/0 458660AD9 28,461 27,666,000 PRN   SOLE   27,666,000 0 0
JDS UNIPHASE CORP DBCV 0.625% 8/1 46612JAF8 26,342 27,000,000 PRN   SOLE   27,000,000 0 0
LINKEDIN CORP NOTE 0.500%11/0 53578AAB4 54,791 60,500,000 PRN   SOLE   60,500,000 0 0
MEDIDATA SOLUTIONS INC NOTE 1.000% 8/0 58471AAB1 7,613 7,500,000 PRN   SOLE   7,500,000 0 0
MERCADOLIBRE INC NOTE 2.250% 7/0 58733RAB8 18,060 16,000,000 PRN   SOLE   16,000,000 0 0
NETSUITE INC NOTE 0.250% 6/0 64118QAB3 30,804 32,129,000 PRN   SOLE   32,129,000 0 0
NEW MTN FIN CORP NOTE 5.000% 6/1 647551AB6 10,508 10,750,000 PRN   SOLE   10,750,000 0 0
PALO ALTO NETWORKS INC NOTE 7/0 697435AB1 56,537 36,300,000 PRN   SOLE   36,300,000 0 0
PHOTRONICS INC NOTE 3.250% 4/0 719405AK8 7,858 6,603,000 PRN   SOLE   6,603,000 0 0
QUIDEL CORP NOTE 3.250%12/1 74838JAA9 9,873 11,000,000 PRN   SOLE   11,000,000 0 0
RAMBUS INC DEL NOTE 1.125% 8/1 750917AE6 32,473 25,544,000 PRN   SOLE   25,544,000 0 0
ROYAL GOLD INC NOTE 2.875% 6/1 780287AA6 1,940 2,000,000 PRN   SOLE   2,000,000 0 0
RUDOLPH TECHNOLOGIES INC NOTE 3.750% 7/1 781268AB3 6,515 5,950,000 PRN   SOLE   5,950,000 0 0
SERVICENOW INC NOTE 11/0 81762PAB8 39,747 36,591,000 PRN   SOLE   36,591,000 0 0
SERVICESOURCE INTL INC NOTE 1.500% 8/0 81763UAB6 6,445 7,957,000 PRN   SOLE   7,957,000 0 0
SHUTTERFLY INC NOTE 0.250% 5/1 82568PAB2 18,747 18,747,000 PRN   SOLE   18,747,000 0 0
SPIRIT RLTY CAP INC NEW NOTE 2.875% 5/1 84860WAA0 22,192 22,192,000 PRN   SOLE   22,192,000 0 0
STARWOOD WAYPOINT RESIDENTL NOTE 3.000% 7/0 85571WAB5 4,455 4,500,000 PRN   SOLE   4,500,000 0 0
STARWOOD WAYPOINT RESIDENTL NOTE 4.500%10/1 85571WAD1 24,219 23,500,000 PRN   SOLE   23,500,000 0 0
STILLWATER MNG CO NOTE 1.750%10/1 86074QAL6 5,378 5,000,000 PRN   SOLE   5,000,000 0 0
TCP CAP CORP NOTE 5.250%12/1 87238QAB9 29,271 29,529,000 PRN   SOLE   29,529,000 0 0
TPG SPECIALTY LENDING INC NOTE 4.500%12/1 87265KAB8 19,323 19,580,000 PRN   SOLE   19,580,000 0 0
TAKE-TWO INTERACTIVE SOFTWAR NOTE 1.000% 7/0 874054AD1 11,632 6,530,000 PRN   SOLE   6,530,000 0 0
TRULIA INC NOTE 2.750%12/1 897888AB9 11,571 9,900,000 PRN   SOLE   9,900,000 0 0
TWITTER INC NOTE 0.250% 9/1 90184LAB8 44,928 51,200,000 PRN   SOLE   51,200,000 0 0
WEBMD HEALTH CORP NOTE 2.500% 1/3 94770VAF9 21,516 18,812,000 PRN   SOLE   18,812,000 0 0
WEBMD HEALTH CORP NOTE 1.500%12/0 94770VAK8 35,828 26,900,000 PRN   SOLE   26,900,000 0 0
WORKDAY INC NOTE 0.750% 7/1 98138HAC5 35,246 31,088,000 PRN   SOLE   31,088,000 0 0
WORKDAY INC NOTE 1.500% 7/1 98138HAD3 14,744 12,500,000 PRN   SOLE   12,500,000 0 0
ROYAL BK CDA MONTREAL QUE COM 780087102 83 50,000 SH Put SOLE   50,000 0 0
SMUCKER J M CO COM NEW 832696405 16 40,000 SH Put SOLE   40,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 63 50,000 SH Put SOLE   50,000 0 0