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
C&J ENERGY SVCS LTD SHS G3164Q101 602 1,000,000 SH   SOLE None 1,000,000 0 0
DHT HOLDINGS INC DEBT 4.500%10/0 23335SAB2 18,888 20,000,000 PRN   SOLE None 20,000,000 0 0
GENWORTH FINL INC COM CL A 37247D106 38,700 15,000,000 SH   SOLE None 15,000,000 0 0
GLOBALSTAR INC COM 378973408 5,445 4,500,000 SH   SOLE None 4,500,000 0 0
GOLAR LNG LTD BERMUDA SHS G9456A900 15,500 1,000,000 SH Call SOLE None 1,000,000 0 0
INTELSAT S A COM L5140P101 5,160 2,000,000 SH   SOLE None 2,000,000 0 0
ISHARES TR IBOXX HI YD ETF 464288513 84,690 1,000,000 SH   SOLE None 1,000,000 0 0
LORAL SPACE & COMMUNICATNS I COM 543881106 75,262 2,133,891 SH   SOLE None 2,133,891 0 0
TRAVELPORT WORLDWIDE LTD SHS G9019D104 70,375 5,459,652 SH   SOLE None 5,459,652 0 0
VISTEON CORP COM NEW 92839U206 85,553 1,300,000 SH   SOLE None 1,300,000 0 0
CREDIT SUISSE NASSAU BRH INVRS VIX STERM 22542D795 49,980 2,000,000 SH   SOLE None 2,000,000 0 0
WCI CMNTYS INC COM PAR $0.01 92923C807 10 583 SH   SOLE None 583 0 0