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
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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
AG MTG INVT TR INC COM 001228105 7,004 400,000 SH   SOLE   400,000 0 0
AIRTRAN HLDGS INC NOTE 5.250%11/0 00949PAD0 7,534 3,881,000 PRN   SOLE   3,881,000 0 0
AK STL CORP NOTE 5.000%11/1 001546AP5 17,404 11,450,000 PRN   SOLE   11,450,000 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 52,595 1,437,010 SH   SOLE   1,437,010 0 0
AMERICAN AIRLS GROUP INC PFD A MAND CV 02376R409 9,175 332,421 SH   SOLE   332,421 0 0
AMERICAN CAP MTG INVT CORP COM 02504A104 3,716 198,000 SH   SOLE   198,000 0 0
ARCELORMITTAL SA LUXEMBOURG MAND CV NT 16 L0302D178 15,090 630,000 PRN   SOLE   630,000 0 0
AUTONAVI HLDGS LTD SPONSORED ADR 05330F106 21,543 1,075,000 SH   SOLE   1,075,000 0 0
BIOMARIN PHARMACEUTICAL INC NOTE 1.875% 4/2 09061GAD3 23,390 6,947,000 PRN   SOLE   6,947,000 0 0
BLACKSTONE MTG TR INC NOTE 5.250%12/0 09257WAA8 4,101 3,670,000 PRN   SOLE   3,670,000 0 0
CALLAWAY GOLF CO NOTE 3.750% 8/1 131193AC8 5,693 4,000,000 PRN   SOLE   4,000,000 0 0
CEMEX SAB DE CV NOTE 3.750% 3/1 151290BC6 63,663 44,500,000 PRN   SOLE   44,500,000 0 0
CEMEX SAB DE CV NOTE 3.250% 3/1 151290BB8 4,119 3,000,000 PRN   SOLE   3,000,000 0 0
CINEDIGM CORP COM 172406100 3,527 1,377,613 SH   SOLE   1,377,613 0 0
CONSUMER PORTFOLIO SVCS INC COM 210502100 1,227 179,389 SH Call SOLE   179,389 0 0
CROWN CASTLE INTL CORP CNV PFD STK SR A 228227500 17,092 168,500 SH   SOLE   168,500 0 0
CUBIST PHARMACEUTICALS INC COM 229678107 14,008 191,500 SH   SOLE   191,500 0 0
DOMINION RES INC VA NEW UNIT 04/01/2013 25746U703 4,334 75,000 SH   SOLE   75,000 0 0
DOMINION RES INC VA NEW UNIT 07/01/2016 25746U885 13,057 225,000 SH   SOLE   225,000 0 0
ENERSYS NOTE 3.375% 6/0 29275YAA0 20,394 11,750,000 PRN   SOLE   11,750,000 0 0
FAIRPOINT COMMUNICATIONS INC COM NEW 305560302 69,745 5,128,325 SH   SOLE   5,128,325 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 18,249 1,169,800 SH   SOLE   1,169,800 0 0
FOREST LABS INC COM 345838106 3,691 40,000 SH Call SOLE   40,000 0 0
GENERAL CABLE CORP DEL NEW FRNT 5.000%11/1 369300AL2 2,506 2,500,000 PRN   SOLE   2,500,000 0 0
GENERAL MTRS CO *W EXP 12/31/201 37045V134 20,652 600,000 SH   SOLE   600,000 0 0
HERBALIFE LTD COM USD SHS G4412G101 3,436 60,000 SH   SOLE   60,000 0 0
HUDSON CITY BANCORP COM 443683107 21,626 2,200,000 SH   SOLE   2,200,000 0 0
INTEL CORP COM 458140100 14,701 569,500 SH   SOLE   569,500 0 0
KB HOME COM 48666K109 807 47,500 SH   SOLE   47,500 0 0
LAM RESEARCH CORP COM 512807108 6,512 118,400 SH   SOLE   118,400 0 0
LEVEL 3 COMMUNICATIONS INC NOTE 7.000% 3/1 52729NBP4 13,838 9,000,000 PRN   SOLE   9,000,000 0 0
LINEAR TECHNOLOGY CORP NOTE 3.000% 5/0 535678AC0 17,916 15,000,000 PRN   SOLE   15,000,000 0 0
MENS WEARHOUSE INC COM 587118100 9,796 200,000 SH   SOLE   200,000 0 0
MICRON TECHNOLOGY INC NOTE 1.625% 2/1 595112AU7 7,991 3,625,000 PRN   SOLE   3,625,000 0 0
MICRON TECHNOLOGY INC COM 595112103 12,048 509,200 SH   SOLE   509,200 0 0
MICROCHIP TECHNOLOGY INC SDCV 2.125%12/1 595017AB0 46,375 25,000,000 PRN   SOLE   25,000,000 0 0
MYLAN INC NOTE 3.750% 9/1 628530AJ6 38,594 10,500,000 PRN   SOLE   10,500,000 0 0
NEWMONT MINING CORP COM 651639106 5,269 224,800 SH   SOLE   224,800 0 0
NMI HLDGS INC CL A 629209305 293 25,000 SH   SOLE   25,000 0 0
PHH CORP NOTE 4.000% 9/0 693320AN3 18,328 17,000,000 PRN   SOLE   17,000,000 0 0
PPL CORP UNIT 99/99/9999S 69351T114 2,737 50,000 SH   SOLE   50,000 0 0
PRICELINE COM INC DEBT 1.000% 3/1 741503AQ9 3,539 2,500,000 PRN   SOLE   2,500,000 0 0
PROLOGIS INC COM 74340W103 8,725 213,700 SH   SOLE   213,700 0 0
QUAD / GRAPHICS INC COM CL A 747301109 49,304 2,102,522 SH   SOLE   2,102,522 0 0
RIVERBED TECHNOLOGY INC COM 768573107 15,768 800,000 SH   SOLE   800,000 0 0
RLJ ENTMT INC COM 74965F104 357 80,000 SH   SOLE   80,000 0 0
RPM INTL INC COM 749685103 4,276 102,200 SH   SOLE   102,200 0 0
SIRIUS XM HLDGS INC COM 82968B103 53,520 16,725,000 SH   SOLE   16,725,000 0 0
SIRIUS XM HLDGS INC COM 82968B103 320 100,000 SH Put SOLE   100,000 0 0
SOLARFUN POWER HOLDINGS CO L NOTE 3.500% 1/1 83415UAB4 4,563 5,000,000 PRN   SOLE   5,000,000 0 0
SOLAZYME INC NOTE 6.000% 2/0 83415TAB7 4,605 3,000,000 PRN   SOLE   3,000,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 65,454 350,000 SH Put SOLE   350,000 0 0
STARWOOD PPTY TR INC NOTE 4.000% 1/1 85571BAB1 17,175 15,000,000 PRN   SOLE   15,000,000 0 0
STEEL DYNAMICS INC NOTE 5.125% 6/1 858119AP5 5,406 5,000,000 PRN   SOLE   5,000,000 0 0
THERAVANCE INC NOTE 2.125% 1/1 88338TAB0 17,398 13,500,000 PRN   SOLE   13,500,000 0 0
THOMPSON CREEK METALS CO INC UNIT 99/99/9999 884768300 5,720 450,000 SH   SOLE   450,000 0 0
TIME WARNER CABLE INC COM 88732J207 15,166 110,552 SH   SOLE   110,552 0 0
TIME WARNER CABLE INC COM 88732J207 33,993 247,800 SH Call SOLE   247,800 0 0
TRW AUTOMOTIVE INC NOTE 3.500%12/0 87264MAH2 31,891 11,500,000 PRN   SOLE   11,500,000 0 0
CONTINENTAL AIRLS INC NOTE 4.500% 1/1 210795PU8 25,664 10,800,000 PRN   SOLE   10,800,000 0 0
UNITED TECHNOLOGIES CORP COM 913017109 4,674 40,000 SH   SOLE   40,000 0 0
VANTAGE DRILLING COMPANY NOTE 7.875% 9/0 G93205AA3 3,890 3,495,000 PRN   SOLE   3,495,000 0 0
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W308 36,810 1,000,000 SH   SOLE   1,000,000 0 0
WESCO INTL INC DBCV 6.000% 9/1 95082PAH8 68,956 23,237,000 PRN   SOLE   23,237,000 0 0