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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
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
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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
AAR CORP CONV 000361105 1,000 1,000,000 PRN   SOLE   1,000,000 0 0
AAR Corp Bond 000361AM7 363 351,000 SH   SOLE   351,000 0 0
ACORDA THERAPEUTICS INC CONV 00484M106 1,000 1,000,000 PRN   SOLE   1,000,000 0 0
AFFYMETRIX INC CONV 00826T108 2,245 2,245,000 PRN   SOLE   2,245,000 0 0
Affymetrix Inc Bond 00826TAH1 1,606 900,000 SH   SOLE   900,000 0 0
AK STEEL HOLDING CORP CONV 001547108 1,300 1,300,000 PRN   SOLE   1,300,000 0 0
AK Steel Holding Corp Bond 001546AP5 1,145 850,000 SH   OTR 1 0 850,000 0
AK Steel Holding Corp Bond 001546AP5 1,145 850,000 SH   SOLE   850,000 0 0
ANI PHARMACEUTICALS INC CONV 00182C103 2,400 2,400,000 PRN   SOLE   2,400,000 0 0
BLUCORA INC CONV 095229100 2,900 2,900,000 PRN   SOLE   2,900,000 0 0
CB PHARMA ACQUISITION-UNIT UNIT G2029P100 150 14,900 SH   SOLE   14,900 0 0
CBIZ INC CONV 124805102 1,000 1,000,000 PRN   SOLE   1,000,000 0 0
COBALT INTERNATIONAL ENERGY CONV 19075F106 1,250 1,250,000 PRN   SOLE   1,250,000 0 0
Cobalt International Energy Inc Bond 19075FAA4 181 300,000 SH   SOLE   300,000 0 0
DENDREON CORP CONV 24823Q107 950 950,000 PRN   SOLE   950,000 0 0
Dendreon Corp Bond 24823QAC1 249 400,000 SH   SOLE   400,000 0 0
ENCORE CAPITAL GROUP INC CONV 292554102 200 200,000 PRN   SOLE   200,000 0 0
EXIDE CORP COMM 3020519F6 0 4,000,000 SH   SOLE   4,000,000 0 0
Fibrocell Science Inc Equity 315721209 26 10,100 SH   SOLE   10,100 0 0
FIBROCELL WARRANTS WRNT 00FIBROWS 0 15,274 SH   SOLE   15,274 0 0
FREDDIE MAC 7.875% PREF 313400624 119 30,000 SH   SOLE   30,000 0 0
FRONTERA RESOURCES CORP COMM G36813106 1 4,964 SH   SOLE   4,964 0 0
FRONTERA RESOURCES CORP RSTD G36813106 1 5,851 SH   SOLE   5,851 0 0
GALENA BIOPHARMA WRNT 363256108 45 30,000 SH   SOLE   30,000 0 0
GARNERO GROUP ACQUISITION CO COMM 00000GGAC 1,624 170,000 SH   SOLE   170,000 0 0
GARNERO GROUP ACQUISITION CO WRNT 0000GGACW 1,889 197,800 SH   SOLE   197,800 0 0
GREEN PLAINS INC CONV 393222104 1,300 1,300,000 PRN   SOLE   1,300,000 0 0
HF2 FINANCIAL MANAGEMENT INC COMM 40421A104 1,643 157,822 SH   SOLE   157,822 0 0
HORSEHEAD HOLDING CORP CONV 440694305 1,100 1,100,000 PRN   SOLE   1,100,000 0 0
Horsehead Holding Corp Bond 440694AB3 486 400,000 SH   SOLE   400,000 0 0
JAKKS PACIFIC INC CONV 47012E106 1,300 1,300,000 PRN   SOLE   1,300,000 0 0
KINDER MORGAN INC/DELAWARE-P WRNT 0000KMIWS 0 10,000 SH   SOLE   10,000 0 0
NEXPOINT CR STRATEGIES FD FUND 65340G106 251 22,357 SH   SOLE   22,357 0 0
QUIDEL CORP CONV 74838J101 1,200 1,200,000 PRN   SOLE   1,200,000 0 0
SEQUENOM INC COMM 817337405 70 18,800 SH   SOLE   18,800 0 0
SEQUENOM INC CONV 817337405 3,000 3,000,000 PRN   SOLE   3,000,000 0 0
SPDR DOW JONES INDL AVERAGE ETF TR UNIT ETF 78467X109 1,245 7,000 SH   SOLE   7,000 0 0
TECHNOLOGY INVSTMT CAP CORP CONV 87244T109 800 800,000 PRN   SOLE   800,000 0 0
TESLA MOTORS INC CONV 88160R101 2,300 2,300,000 PRN   SOLE   2,300,000 0 0
VECTOR GROUP LTD CONV 92240M108 2,100 2,100,000 PRN   SOLE   2,100,000 0 0
WTS FIBROCELL SCIENCE $0.10 06/01/2018 WRNT 00FCSCWTS 0 465,670 SH   SOLE   465,670 0 0
WTS FIBROCELL SCIENCE $0.25 12/31/2016 WRNT 00FCSCWS2 24 32,000 SH   SOLE   32,000 0 0
WTS GREEN HUNTER RESOURCES INC @$2.25 EX WRNT 000GHRWTS 0 38,889 SH   SOLE   38,889 0 0
WTS VERENIUM CORP$4.44 08/27/2013 WRNT 00VRNMWTS 0 523,134 SH   SOLE   523,134 0 0