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
SCORPIO TANKERS INC COM Y7542C106 27,960 3,049,051 SH   DFND   0 3,049,051 0
YPF SOCIEDAD ANONIMA COM 984245100 37,562 2,466,300 SH   DFND   0 2,466,300 0
STAR BULK CARRIERS CORP COM Y8162K121 23,546 11,486,004 SH   DFND   0 11,486,004 0
WCI COMMUNITIES INC COM 92923C807 53,671 2,371,685 SH   DFND   0 2,371,685 0
SCORPIO BULKERS INC COM Y7546A106 57,189 39,170,611 SH   DFND   0 39,170,611 0
GENER8 MARITIME INC COM Y26889108 59,001 5,388,203 SH   DFND   0 5,388,203 0
INDEPENDENCE REALTY TRUST, INC COM 45378A106 25,036 3,472,358 SH   DFND   0 3,472,358 0