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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
NMI HLDGS INC CL A 629209305 1,816 238,309 SH   SOLE   238,309 0 0
TORONTO DOMINION BK ONT NOTE 3.625% 9/1 891160MJ9 15,068 15,000,000 PRN   SOLE   0 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 1,462 59,572 SH   SOLE   59,572 0 0
WOORI BK GLBL MEDIUM TERM SU PRFD 4.500%12/3 98105HAE0 11,000 11,000,000 PRN   SOLE   0 0 0