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
APPLE INC COM 037833100 376 100 SH Call SOLE 0 100 0 0
ACCELRYS INC COM 00430U103 8,835 709,079 SH   SOLE 0 709,079 0 0
AGCO CORP COM 001084102 827 15,000 SH   SOLE 0 15,000 0 0
ALLEGHENY TECHNOLOGIES INC NOTE 4.250% 6/0 01741RAD4 4,082 4,000,000 PRN   SOLE 0 4,000,000 0 0
ALLIANT TECHSYSTEMS INC COM 018804104 355 2,500 SH   SOLE 0 2,500 0 0
AMCOL INTL CORP COM 02341W103 6,737 147,155 SH   SOLE 0 147,155 0 0
AMERICAN RLTY CAP PPTYS INC NOTE 3.750%12/1 02917TAB0 6,525 6,000,000 PRN   SOLE 0 6,000,000 0 0
ANADARKO PETE CORP COM 032511107 254 3,000 SH   SOLE 0 3,000 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 868 20,000 SH   SOLE 0 20,000 0 0
ARTHROCARE CORP COM 043136100 12,390 257,107 SH   SOLE 0 257,107 0 0
AUTOLIV INC COM 052800109 1,088 10,951 SH   SOLE 0 10,951 0 0
BANK OF AMERICA CORPORATION COM 060505104 172 10,000 SH   SOLE 0 10,000 0 0
BARRICK GOLD CORP COM 067901108 713 40,000 SH   SOLE 0 40,000 0 0
BEAM INC COM 073730103 8,293 99,561 SH   SOLE 0 99,561 0 0
BIOMARIN PHARMACEUTICAL INC NOTE 1.875% 4/2 09061GAD3 186 1,000,000 PRN   SOLE 0 1,000,000 0 0
BROOKDALE SR LIVING INC COM 112463104 503 15,000 SH   SOLE 0 15,000 0 0
CAMERON INTERNATIONAL CORP COM 13342B105 1,612 26,100 SH   SOLE 0 26,100 0 0
CITIGROUP INC COM NEW 172967424 1,276 26,800 SH   SOLE 0 26,800 0 0
COMTECH TELECOMMUNICATIONS C NOTE 3.000% 5/0 205826AF7 2,050 2,000,000 PRN   SOLE 0 2,000,000 0 0
CUMMINS INC COM 231021106 521 3,500 SH   SOLE 0 3,500 0 0
DARLING INTL INC COM 237266101 1,001 50,000 SH   SOLE 0 50,000 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 2,045 59,010 SH   SOLE 0 59,010 0 0
DRESSER-RAND GROUP INC COM 261608103 870 14,900 SH   SOLE 0 14,900 0 0
FURIEX PHARMACEUTICALS INC COM 36106P101 522 6,000 SH   SOLE 0 6,000 0 0
GENERAL MTRS CO COM 37045V100 516 15,000 SH   SOLE 0 15,000 0 0
GOOGLE INC CL A 38259P508 323 290 SH   SOLE 0 290 0 0
GREEN PLAINS RENEWABLE ENERG COM 393222104 449 15,000 SH   SOLE 0 15,000 0 0
HALLIBURTON CO COM 406216101 1,031 17,500 SH   SOLE 0 17,500 0 0
HOUGHTON MIFFLIN HARCOURT CO COM 44157R109 2,831 139,231 SH   SOLE 0 139,231 0 0
INFINITY PHARMACEUTICALS INC COM 45665G303 1,427 120,000 SH   SOLE 0 120,000 0 0
ISHARES MSCI EMG MKT ETF 464287234 2,710 66,085 SH   SOLE 0 66,085 0 0
JOY GLOBAL INC COM 481165108 435 7,500 SH   SOLE 0 7,500 0 0
JPMORGAN CHASE & CO COM 46625H100 1,153 19,000 SH   SOLE 0 19,000 0 0
KBR INC COM 48242W106 934 35,000 SH   SOLE 0 35,000 0 0
KINDER MORGAN INC DEL COM 49456B101 4,061 125,000 SH   SOLE 0 125,000 0 0
KINDER MORGAN INC DEL *W EXP 05/25/201 49456B119 326 185,000 SH   SOLE 0 185,000 0 0
LIFEPOINT HOSPITALS INC NOTE 3.500% 5/1 53219LAH2 81 5,000,000 PRN   SOLE 0 5,000,000 0 0
MACYS INC COM 55616P104 1,669 28,150 SH   SOLE 0 28,150 0 0
MARATHON PETE CORP COM 56585A102 218 2,500 SH   SOLE 0 2,500 0 0
MARKET VECTORS ETF TR JR GOLD MINERS E 57061R544 3,260 90,000 SH   SOLE 0 90,000 0 0
MARKET VECTORS ETF TR VIETNAM ETF 57060U761 672 31,000 SH   SOLE 0 31,000 0 0
MGM RESORTS INTERNATIONAL NOTE 4.250% 4/1 55303QAE0 237 5,000,000 PRN   SOLE 0 5,000,000 0 0
MONSANTO CO NEW COM 61166W101 341 3,000 SH   SOLE 0 3,000 0 0
MORGAN STANLEY COM NEW 617446448 486 15,600 SH   SOLE 0 15,600 0 0
MOSAIC CO NEW COM 61945C103 625 12,500 SH   SOLE 0 12,500 0 0
NATIONAL OILWELL VARCO INC COM 637071101 1,168 15,000 SH   SOLE 0 15,000 0 0
NU SKIN ENTERPRISES INC CL A 67018T105 4,225 51,000 SH   SOLE 0 51,000 0 0
OCWEN FINL CORP COM NEW 675746309 3,134 80,000 SH   SOLE 0 80,000 0 0
OSHKOSH CORP COM 688239201 1,089 18,499 SH   SOLE 0 18,499 0 0
PAIN THERAPEUTICS INC COM 69562K100 575 104,587 SH   SOLE 0 104,587 0 0
ROCKWOOD HLDGS INC COM 774415103 930 12,500 SH   SOLE 0 12,500 0 0
SEQUENOM INC NOTE 5.000%10/0 817337AB4 584 650,000 PRN   SOLE 0 650,000 0 0
SOLAZYME INC COM 83415T101 355 30,569 SH   SOLE 0 30,569 0 0
SOUFUN HLDGS LTD ADR 836034108 3,113 45,500 SH   SOLE 0 45,500 0 0
SUNPOWER CORP COM 867652406 403 12,500 SH   SOLE 0 12,500 0 0
TAKE-TWO INTERACTIVE SOFTWAR NOTE 1.750%12/0 874054AC3 1,976 1,500,000 PRN   SOLE 0 1,500,000 0 0
TESORO CORP COM 881609101 253 5,000 SH   SOLE 0 5,000 0 0
TRINITY INDS INC COM 896522109 577 8,000 SH   SOLE 0 8,000 0 0
VECTOR GROUP LTD FRNT 1/1 92240MAY4 1 3,000,000 SH   SOLE 0 3,000,000 0 0