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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
ALGOMA STL GROUP INC COM 015658107 2,064 229,648 SH   SOLE   229,648 0 0
FREEPORT-MCMORAN INC CL B 35671D857 665 22,731 SH   SOLE   22,731 0 0
ISHARES TR IBOXX INV CP ETF 464287242 10,689 97,150 SH   SOLE   97,150 0 0
ISHARES TR IBOXX HI YD ETF 464288513 21,548 8,600,000 SH Put SOLE   8,600,000 0 0