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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
Royal Bk Scotlnd Grp Plc Royal Bk Scotlnd Grp Plc FRN 12/31/2049 USD 780097BB6 53,730 54,000,000 PRN   SOLE   54,000,000 0 0
Williams Partners LP Williams Partners LP Equity 96949L105 51,277 1,431,544 SH   SOLE   1,431,544 0 0
SPDR S&P 500 ETF Trust Put Option SPDR S&P 500 ETF Trust 208 11/18/2016 9EDNSK664 7,875 45,000 SH Put SOLE   45,000 0 0
Western Copper and Gold Corp Western Copper and Gold Corp Equity 95805V108 2,735 3,671,000 SH   SOLE   3,671,000 0 0