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
FORTRESS TRANS INFRST INVS L COM REP LTD LIAB 34960P101 21,706 1,360,906 SH   SOLE   1,360,906 0 0
GLOBALSTAR INC NOTE 8.000% 4/0 378973AD3 1,046 856,980 PRN   SOLE   856,980 0 0
GLOBALSTAR INC COM 378973408 5,269 7,663,979 SH   SOLE   7,663,979 0 0
HORNBECK OFFSHORE SVCS INC N COM 440543106 3,480 1,195,974 SH   SOLE   1,195,974 0 0
NOBLE CORP PLC SHS USD G65431101 3,710 1,000,000 SH   SOLE   1,000,000 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 9,557 394,100 SH   SOLE   394,100 0 0