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
ALLEGHENY TECHNOLOGIES INC COM 01741R102 785 25,000 SH   OTR 1 2 3 4 25,000 0 0
AMERICAN AXLE & MFG HLDGS IN COM 024061103 404 30,000 SH   OTR 1 2 3 4 30,000 0 0
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 84,255 848,322 SH   OTR 1 2 3 4 848,322 0 0
APPLE INC COM 037833100 5,147 12,000 SH   OTR 1 2 3 4 12,000 0 0
APPLIED MATLS INC COM 038222105 2,872 215,000 SH   OTR 1 2 3 4 215,000 0 0
APPROACH RESOURCES INC COM 03834A103 613 25,000 SH   OTR 1 2 3 4 25,000 0 0
ARCH COAL INC COM 039380100 257 50,000 SH   OTR 1 2 3 4 50,000 0 0
AVON PRODS INC COM 054303102 9,326 458,230 SH   OTR 1 2 3 4 458,230 0 0
BANCO BRADESCO S A SP ADR PFD NEW 059460303 10,532 625,020 SH   OTR 1 2 3 4 625,020 0 0
BARCLAYS BK PLC IPATH S&P500 VIX 06740C188 1,778 87,500 SH   OTR 1 2 3 4 87,500 0 0
BARNES & NOBLE INC COM 067774109 1,636 100,000 SH   OTR 1 2 3 4 100,000 0 0
BLACKROCK INC COM 09247X101 1,088 4,300 SH   OTR 1 2 3 4 4,300 0 0
BP PLC SPONSORED ADR 055622104 12,183 290,000 SH   OTR 1 2 3 4 290,000 0 0
BRF-BRASIL FOODS S A SPONSORED ADR 10552T107 22,745 1,019,037 SH   OTR 1 2 3 4 1,019,037 0 0
BROADCOM CORP CL A 111320107 4,449 130,000 SH   OTR 1 2 3 4 130,000 0 0
BROCADE COMMUNICATIONS SYS I COM NEW 111621306 849 150,000 SH   OTR 1 2 3 4 150,000 0 0
CALIX INC COM 13100M509 608 75,000 SH   OTR 1 2 3 4 75,000 0 0
CARNIVAL CORP PAIRED CTF 143658300 3,494 102,889 SH   OTR 1 2 3 4 102,889 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889 7,716 630,941 SH   OTR 1 2 3 4 630,941 0 0
CIENA CORP COM NEW 171779309 1,988 125,000 SH   OTR 1 2 3 4 125,000 0 0
CINCINNATI BELL INC NEW COM 171871106 1,604 502,800 SH   OTR 1 2 3 4 502,800 0 0
CIRRUS LOGIC INC COM 172755100 1,323 60,000 SH   OTR 1 2 3 4 60,000 0 0
CISCO SYS INC COM 17275R102 1,041 50,000 SH   OTR 1 2 3 4 50,000 0 0
CITRIX SYS INC COM 177376100 5,000 70,000 SH   OTR 1 2 3 4 70,000 0 0
CLOUD PEAK ENERGY INC COM 18911Q102 1,563 85,000 SH   OTR 1 2 3 4 85,000 0 0
COACH INC COM 189754104 3,749 75,000 SH   OTR 1 2 3 4 75,000 0 0
COBALT INTL ENERGY INC NOTE 2.625%12/0 19075FAA4 7,330 6,500 PRN   OTR 1 2 3 4 6,500 0 0
COMSTOCK MNG INC COM 205750102 597 300,000 SH   OTR 1 2 3 4 300,000 0 0
COMSTOCK RES INC COM NEW 205768203 473 30,000 SH   OTR 1 2 3 4 30,000 0 0
COMTECH TELECOMMUNICATIONS C NOTE 3.000% 5/0 205826AF7 7,780 7,500 PRN   OTR 1 2 3 4 7,500 0 0
CONSOL ENERGY INC COM 20854P109 326 10,000 SH   OTR 1 2 3 4 10,000 0 0
COVENTRY HEALTH CARE INC COM 222862104 29,272 615,989 SH   OTR 1 2 3 4 615,989 0 0
CROCS INC COM 227046109 1,481 100,000 SH   OTR 1 2 3 4 100,000 0 0
CROWN CASTLE INTL CORP COM 228227104 698 10,000 SH   OTR 1 2 3 4 10,000 0 0
CUI GLOBAL INC COM NEW 126576206 881 181,111 SH   OTR 1 2 3 4 181,111 0 0
DEVON ENERGY CORP NEW COM 25179M103 722 13,000 SH   OTR 1 2 3 4 13,000 0 0
DIGITALGLOBE INC COM NEW 25389M877 4,506 158,492 SH   OTR 1 2 3 4 158,492 0 0
DIREXION SHS ETF TR DRX S&P500BEAR 25459W151 931 75,000 SH   OTR 1 2 3 4 75,000 0 0
DISNEY WALT CO COM DISNEY 254687106 743 13,100 SH   OTR 1 2 3 4 13,100 0 0
EPL OIL & GAS INC COM 26883D108 1,343 50,000 SH   OTR 1 2 3 4 50,000 0 0
EQUINIX INC NOTE 3.000%10/1 29444UAG1 19,744 10,000 PRN   OTR 1 2 3 4 10,000 0 0
FACTSET RESH SYS INC COM 303075105 5,776 63,000 SH   OTR 1 2 3 4 63,000 0 0
FAIRCHILD SEMICONDUCTOR INTL COM 303726103 1,500 110,000 SH   OTR 1 2 3 4 110,000 0 0
FAIRPOINT COMMUNICATIONS INC COM NEW 305560302 724 100,000 SH   OTR 1 2 3 4 100,000 0 0
FOCUS MEDIA HLDG LTD SPONSORED ADR 34415V109 5,186 193,900 SH   OTR 1 2 3 4 193,900 0 0
FOREST OIL CORP COM PAR $0.01 346091705 10,229 2,049,850 SH   OTR 1 2 3 4 2,049,850 0 0
FOSSIL INC COM 349882100 3,284 35,000 SH   OTR 1 2 3 4 35,000 0 0
FREESCALE SEMICONDUCTOR LTD SHS G3727Q101 4,236 295,000 SH   OTR 1 2 3 4 295,000 0 0
GARDNER DENVER INC COM 365558105 11,263 150,000 SH   OTR 1 2 3 4 150,000 0 0
GENERAL ELECTRIC CO COM 369604103 466 20,190 SH   OTR 1 2 3 4 20,190 0 0
HALCON RES CORP COM NEW 40537Q209 383 50,000 SH   OTR 1 2 3 4 50,000 0 0
HERCULES OFFSHORE INC COM 427093109 1,446 200,000 SH   OTR 1 2 3 4 200,000 0 0
HEWLETT PACKARD CO COM 428236103 2,526 108,400 SH   OTR 1 2 3 4 108,400 0 0
IMPERVA INC COM 45321L100 1,521 40,000 SH   OTR 1 2 3 4 40,000 0 0
INTEL CORP COM 458140100 375 17,500 SH   OTR 1 2 3 4 17,500 0 0
KIMBERLY CLARK CORP COM 494368103 1,724 17,600 SH   OTR 1 2 3 4 17,600 0 0
LAM RESEARCH CORP COM 512807108 5,304 130,000 SH   OTR 1 2 3 4 130,000 0 0
LEAP WIRELESS INTL INC COM NEW 521863308 2,033 350,000 SH   OTR 1 2 3 4 350,000 0 0
MARRIOTT INTL INC NEW CL A 571903202 1,873 45,000 SH   OTR 1 2 3 4 45,000 0 0
MBIA INC COM 55262C100 1,268 125,000 SH   OTR 1 2 3 4 125,000 0 0
MERCER INTL INC COM 588056101 274 40,768 SH   OTR 1 2 3 4 40,768 0 0
MOLINA HEALTHCARE INC COM 60855R100 701 22,800 SH   OTR 1 2 3 4 22,800 0 0
NEW YORK TIMES CO CL A 650111107 1,859 195,909 SH   OTR 1 2 3 4 195,909 0 0
NORTHERN OIL & GAS INC NEV COM 665531109 353 25,000 SH   OTR 1 2 3 4 25,000 0 0
NUCOR CORP COM 670346105 1,580 35,000 SH   OTR 1 2 3 4 35,000 0 0
NYSE EURONEXT COM 629491101 4,744 123,800 SH   OTR 1 2 3 4 123,800 0 0
OFFICE DEPOT INC COM 676220106 956 250,000 SH   OTR 1 2 3 4 250,000 0 0
OMNICOM GROUP INC NOTE 7/3 681919AV8 11,250 10,000 PRN   OTR 1 2 3 4 10,000 0 0
ORACLE CORP COM 68389X105 11,534 355,880 SH   OTR 1 2 3 4 355,880 0 0
PEABODY ENERGY CORP COM 704549104 3,900 190,000 SH   OTR 1 2 3 4 190,000 0 0
PROSHARES TR PSHS ULTSHRT QQQ 74347X237 1,313 50,000 SH   OTR 1 2 3 4 50,000 0 0
QUICKSILVER RESOURCES INC COM 74837R104 130 50,000 SH   OTR 1 2 3 4 50,000 0 0
RESEARCH IN MOTION LTD COM 760975102 2,176 144,000 SH   OTR 1 2 3 4 144,000 0 0
ROWAN COMPANIES PLC SHS CL A G7665A101 2,254 65,000 SH   OTR 1 2 3 4 65,000 0 0
RYANAIR HLDGS PLC SPONSORED ADR 783513104 762 18,358 SH   OTR 1 2 3 4 18,358 0 0
SAKS INC COM 79377W108 1,849 162,500 SH   OTR 1 2 3 4 162,500 0 0
SOUTHERN COPPER CORP COM 84265V105 2,072 55,692 SH   OTR 1 2 3 4 55,692 0 0
STARBUCKS CORP COM 855244109 5,118 90,000 SH   OTR 1 2 3 4 90,000 0 0
STEEL DYNAMICS INC COM 858119100 1,697 110,000 SH   OTR 1 2 3 4 110,000 0 0
STILLWATER MNG CO COM 86074Q102 815 64,200 SH   OTR 1 2 3 4 64,200 0 0
STILLWATER MNG CO NOTE 1.750%10/1 86074QAL6 11,842 10,000 PRN   OTR 1 2 3 4 10,000 0 0
TAKE-TWO INTERACTIVE SOFTWAR NOTE 4.375% 6/0 874054AA7 15,481 10,000 PRN   OTR 1 2 3 4 10,000 0 0
TERADYNE INC COM 880770102 4,356 275,000 SH   OTR 1 2 3 4 275,000 0 0
TIM PARTICIPACOES S A SPONSORED ADR 88706P205 2,724 125,000 SH   OTR 1 2 3 4 125,000 0 0
TIME WARNER INC COM NEW 887317303 1,441 25,000 SH   OTR 1 2 3 4 25,000 0 0
TW TELECOM INC COM 87311L104 6,260 250,100 SH   OTR 1 2 3 4 250,100 0 0
VARIAN MED SYS INC COM 92220P105 7,836 109,000 SH   OTR 1 2 3 4 109,000 0 0
VIRGIN MEDIA INC COM 92769L101 68,862 1,398,500 SH   OTR 1 2 3 4 1,398,500 0 0
VIVUS INC COM 928551100 2,884 270,000 SH   OTR 1 2 3 4 270,000 0 0
WALTER ENERGY INC COM 93317Q105 394 15,000 SH   OTR 1 2 3 4 15,000 0 0
WESTERN UN CO COM 959802109 2,199 150,000 SH   OTR 1 2 3 4 150,000 0 0
YOUKU TUDOU INC SPONSORED ADR 98742U100 1,717 105,000 SH   OTR 1 2 3 4 105,000 0 0