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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

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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
ARCH COAL INC CL A 039380407 111,932 1,226,385 SH   DFND   1,226,385 0 0
CAESARS ENTMT CORP COM 127686103 9,125 1,050,000 SH   DFND   1,050,000 0 0
CIMAREX ENERGY CO COM 171798101 25,730 368,092 SH   DFND   368,092 0 0
EP ENERGY CORP CL A 268785102 224 859,800 SH   DFND   859,800 0 0
ISHARES TR IBOXX HI YD ETF 464288513 376,274 4,351,500 SH Put DFND   4,351,500 0 0
OI S A SPONSORED ADR NE 670851500 8,535 4,540,113 SH   DFND   4,540,113 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 871,592 3,085,500 SH Put DFND   3,085,500 0 0
WEATHERFORD INTL LTD NOTE 5.875% 7/0 947075AH0 2,430 3,000,000 PRN   DFND   3,000,000 0 0
SCORPIO TANKERS INC SHS Y7542C130 15,578 785,169 SH   DFND   785,169 0 0