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
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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
ALTISOURCE RESIDENTIAL CORP CL B 02153W100 1,308 120,000 SH   SOLE N/A 120,000 0 0
AMERICAN CAP LTD COM 02503Y103 1,860 110,000 SH   SOLE N/A 110,000 0 0
ASSURED GUARANTY LTD COM G0585R106 624 22,500 SH   SOLE N/A 22,500 0 0
BOISE CASCADE CO DEL COM 09739D100 203 8,000 SH   SOLE N/A 8,000 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 4,172 106,000 SH   SOLE N/A 106,000 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 1,574 40,000 SH Call SOLE N/A 40,000 0 0
ENLINK MIDSTREAM PARTNERS LP COM UNIT REP LTD 29336U107 620 35,000 SH   SOLE N/A 35,000 0 0
ENVISION HEALTHCARE HLDGS IN COM 29413U103 490 22,000 SH   SOLE N/A 22,000 0 0
HORIZON PHARMA PLC SHS G4617B105 761 42,000 SH   SOLE N/A 42,000 0 0
HORNBECK OFFSHORE SVCS INC N NOTE 1.500% 9/0 440543AN6 1,002 1,750,000 PRN   SOLE N/A 1,750,000 0 0
ISHARES TR NASDQ BIOTEC ETF 464287556 3,908 13,500 SH   SOLE N/A 13,500 0 0
MACQUARIE INFRASTRUCTURE COR COM 55608B105 1,082 13,000 SH   SOLE N/A 13,000 0 0
MORGANS HOTEL GROUP CO COM 61748W108 91 44,941 SH   SOLE N/A 44,941 0 0
NEUROCRINE BIOSCIENCES INC COM 64125C109 1,307 25,800 SH   SOLE N/A 25,800 0 0
NEW YORK REIT INC COM 64976L109 982 107,300 SH   SOLE N/A 107,300 0 0
NORTHSTAR ASSET MGMT GROUP I COM 66705Y104 2,184 168,914 SH   SOLE N/A 168,914 0 0
PANDORA MEDIA INC COM 698354107 516 36,000 SH   SOLE N/A 36,000 0 0
PATRIOT NATL INC COM 70338T102 1,179 130,890 SH   SOLE N/A 130,890 0 0
PENNTEX MIDSTREAM PARTNERS L COM UNIT LTD 709311104 534 30,738 SH   SOLE N/A 30,738 0 0
PINNACLE ENTMT INC NEW COM 72348Y105 2,122 172,000 SH   SOLE N/A 172,000 0 0
POWERSHS DB US DOLLAR INDEX DOLL INDX BULL 73936D107 1,728 70,000 SH   SOLE N/A 70,000 0 0
SERVICE CORP INTL COM 817565104 504 19,000 SH   SOLE N/A 19,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 20,873 96,500 SH Put SOLE N/A 96,500 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 10,815 50,000 SH   SOLE N/A 50,000 0 0
SPECTRUM PHARMACEUTICALS INC NOTE 2.750%12/1 84763AAB4 2,017 2,250,000 PRN   SOLE N/A 2,250,000 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 2,259 92,000 SH Call SOLE N/A 92,000 0 0
WESTERN REFNG LOGISTICS LP COM UNIT REP LTP 95931Q205 1,791 77,250 SH   SOLE N/A 77,250 0 0
WPX ENERGY INC COM 98212B103 264 20,000 SH   SOLE N/A 20,000 0 0
ZOGENIX INC COM NEW 98978L204 305 26,654 SH   SOLE N/A 26,654 0 0