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
BARCLAYS PLC ADR 06738E204 889 61,000 SH   DFND 1 61,000 0 0
CHESAPEAKE ENERGY CORP NOTE 2.750%11/1 165167BW6 1,001 1,000,000 PRN   DFND 1 1,000,000 0 0
CITIGROUP INC COM NEW 172967424 63,763 1,237,619 SH   DFND 1 1,237,619 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 18,158 1,125,000 SH   DFND 1 1,125,000 0 0
GENERAL MTRS CO COM 37045V100 5,637 150,312 SH   DFND 1 150,312 0 0
H & E EQUIPMENT SERVICES INC COM 404030108 1,053 42,100 SH   DFND 1 42,100 0 0
ISHARES IBOXX HI YD ETF 464288513 31,913 352,192 SH   DFND 1 0 0 352,192
JPMORGAN CHASE & CO COM 46625H100 19,386 320,000 SH   DFND 1 320,000 0 0
LIBERTY MEDIA CORP DEB 4.000%11/1 530715AG6 1,166 1,868,710 PRN   DFND 1 1,868,710 0 0
LIBERTY MEDIA CORP DEB 3.750% 2/1 530715AL5 4,918 7,838,140 PRN   DFND 1 7,838,140 0 0
MANULIFE FINL CORP COM 56501R106 2,782 163,500 SH   DFND 1 163,500 0 0
PEABODY ENERGY CORP SDCV 4.750%12/1 704549AG9 356 1,000,000 PRN   DFND 1 1,000,000 0 0
QUAD / GRAPHICS INC COM CL A 747301109 3 106 SH   DFND 1 106 0 0
RESOLUTE FST PRODS INC COM 76117W109 443 25,628 SH   DFND 1 25,628 0 0
SEMGROUP CORP CL A 81663A105 2,029 24,938 SH   DFND 1 24,938 0 0
WISDOMTREE TR EQTY INC FD 97717W208 203 3,345 SH   DFND 1 0 0 3,345
WISDOMTREE TR EMERG MKTS ETF 97717W315 22 500 SH   DFND 1 0 0 500
WISDOMTREE TR GLB NAT RES FD 97717W711 118 7,500 SH   DFND 1 0 0 7,500