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
BERRY CORP COM 08579X101 1 310 SH   SOLE   310 0 0
CITY OFFICE REIT INC COM 178587101 1,006 100,000 SH   SOLE   100,000 0 0
CORPORACION AMER ARPTS S A COM L1995B107 590 270,587 SH   SOLE   270,587 0 0
ISHARES TR IBOXX HI YD ETF 464288513 246,668 3,022,150 SH   SOLE   3,022,150 0 0
ISHARES TR JPMORGAN USD EMG 464288281 12,361 113,172 SH   SOLE   113,172 0 0
LADDER CAP CORP CL A 505743104 2,371 292,740 SH   SOLE   292,740 0 0
LOMA NEGRA CORP SPONSORED ADS 54150E104 229 53,800 SH   SOLE   53,800 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,547,800 5,000,000 SH Put SOLE   5,000,000 0 0