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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
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
NOBLE CORP NEW SHS G6610J209 828 33,493 SH   SOLE   33,493 0 0
UNITED STS OIL FD LP UNITS 91232N207 74,820 1,500,000 SH Put SOLE   1,500,000 0 0
ISHARES TR IBOXX HI YD ETF 464288513 169,477 1,925,000 SH Put SOLE   1,925,000 0 0
ISHARES TR JPMORGAN USD EMG 464288281 308,140 2,740,000 SH Put SOLE   2,740,000 0 0