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
AG MTG INVT TR INC COM 001228105 6,648 400,000 SH   SOLE   400,000 0 0
AIRTRAN HLDGS INC NOTE 5.250%11/0 00949PAD0 5,580 3,756,000 PRN   SOLE   3,756,000 0 0
AK STL CORP NOTE 5.000%11/1 001546AP5 9,843 10,450,000 PRN   SOLE   10,450,000 0 0
ALCOA INC NOTE 5.250% 3/1 013817AT8 16,746 13,000,000 PRN   SOLE   13,000,000 0 0
ALLIANCE DATA SYSTEMS CORP NOTE 4.750% 5/1 018581AC2 101,882 22,927,000 PRN   SOLE   22,927,000 0 0
AMERICAN CAP MTG INVT CORP COM 02504A104 4,112 208,000 SH   SOLE   208,000 0 0
AMERICAN RLTY CAP PPTYS INC NOTE 3.000% 8/0 02917TAA2 4,255 4,500,000 PRN   SOLE   4,500,000 0 0
ARCELORMITTAL SA LUXEMBOURG MAND CV NT 16 L0302D178 22,161 1,030,000 PRN   SOLE   1,030,000 0 0
CALLAWAY GOLF CO COM 131193104 2,509 352,330 SH   SOLE   352,330 0 0
CEMEX SAB DE CV NOTE 3.750% 3/1 151290BC6 74,750 57,500,000 PRN   SOLE   57,500,000 0 0
CENTRAL EUROPEAN MEDIA NOTE 5.000%11/1 153443AH9 29,500 30,850,000 PRN   SOLE   30,850,000 0 0
COBALT INTL ENERGY INC COM 19075F106 2,837 114,100 SH   SOLE   114,100 0 0
CONSUMER PORTFOLIO SVCS INC COM 210502100 2,461 415,000 SH Call SOLE   415,000 0 0
COOPER TIRE & RUBR CO COM 216831107 30,800 1,000,000 SH   SOLE   1,000,000 0 0
COOPER TIRE & RUBR CO COM 216831107 9,240 300,000 SH Call SOLE   300,000 0 0
CUBIST PHARMACEUTICALS INC COM 229678107 5,402 85,000 SH   SOLE   85,000 0 0
DELL INC COM 24702R101 42,007 3,054,800 SH   SOLE   3,054,800 0 0
DOMINION RES INC VA NEW UNIT 04/01/2013 25746U703 5,354 100,000 SH   SOLE   100,000 0 0
DOMINION RES INC VA NEW UNIT 07/01/2016 25746U885 12,053 225,000 SH   SOLE   225,000 0 0
ELAN PLC ADR 284131208 10,906 700,000 SH   SOLE   700,000 0 0
FAIRPOINT COMMUNICATIONS INC COM NEW 305560302 48,976 5,128,325 SH   SOLE   5,128,325 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 11,956 708,700 SH   SOLE   708,700 0 0
GENERAL MTRS CO COM 37045V100 5,396 150,000 SH Call SOLE   150,000 0 0
GENERAL MTRS CO JR PFD CNV SRB 37045V209 54,195 1,081,200 SH   SOLE   1,081,200 0 0
GILEAD SCIENCES INC NOTE 1.000% 5/0 375558AN3 179,592 64,500,000 PRN   SOLE   64,500,000 0 0
GROUP 1 AUTOMOTIVE INC FRNT 2.250% 6/1 398905AE9 9,249 7,000,000 PRN   SOLE   7,000,000 0 0
HESS CORP COM 42809H107 7,734 100,000 SH   SOLE   100,000 0 0
HUDSON CITY BANCORP COM 443683107 18,082 2,000,000 SH   SOLE   2,000,000 0 0
INCYTE CORP COM 45337C102 313 8,199 PRN   SOLE   8,199 0 0
INTEL CORP SDCV 3.250% 8/0 458140AF7 7,379 5,960,000 PRN   SOLE   5,960,000 0 0
INTEL CORP COM 458140100 5,710 249,100 SH   SOLE   249,100 0 0
INTERNATIONAL GAME TECHNOLOG COM 459902102 3,042 160,700 SH   SOLE   160,700 0 0
JINKOSOLAR HOLDING CO LTD NOTE 4.000% 5/1 47759TAA8 7,317 7,500,000 PRN   SOLE   7,500,000 0 0
KB HOME COM 48666K109 878 48,700 SH   SOLE   48,700 0 0
LAM RESEARCH CORP COM 512807108 2,627 51,300 SH   SOLE   51,300 0 0
LENDER PROCESSING SVCS INC COM 52602E102 26,616 800,000 SH   SOLE   800,000 0 0
LIFE TECHNOLOGIES CORP COM 53217V109 112,245 1,500,000 SH Call SOLE   1,500,000 0 0
MICRON TECHNOLOGY INC NOTE 1.500% 8/0 595112AQ6 9,238 5,000,000 PRN   SOLE   5,000,000 0 0
MYLAN INC NOTE 3.750% 9/1 628530AJ6 30,430 10,500,000 PRN   SOLE   10,500,000 0 0
NEWMONT MINING CORP COM 651639106 5,805 206,600 SH   SOLE   206,600 0 0
NUANCE COMMUNICATIONS INC COM 67020Y100 1,360 72,800 SH   SOLE   72,800 0 0
OFFICEMAX INC DEL COM 67622P101 1,599 125,000 SH   SOLE   125,000 0 0
OFFICEMAX INC DEL COM 67622P101 734 57,400 SH Call SOLE   57,400 0 0
ONYX PHARMACEUTICALS INC NOTE 4.000% 8/1 683399AB5 36,843 11,500,000 PRN   SOLE   11,500,000 0 0
ONYX PHARMACEUTICALS INC COM 683399109 34,293 275,000 SH   SOLE   275,000 0 0
PRICELINE COM INC NOTE 1.250% 3/1 741503AN6 45,450 13,700,000 PRN   SOLE   13,700,000 0 0
PRICELINE COM INC COM NEW 741503403 6,976 6,900 SH   SOLE   6,900 0 0
PROLOGIS INC COM 74340W103 8,039 213,700 SH   SOLE   213,700 0 0
PULSE ELECTRONICS CORP NOTE 7.000%12/1 74586WAA4 3,700 5,000,000 PRN   SOLE   5,000,000 0 0
QUAD / GRAPHICS INC COM CL A 747301109 63,833 2,102,522 SH   SOLE   2,102,522 0 0
RLJ ENTMT INC COM 74965F104 1,075 197,233 SH   SOLE   197,233 0 0
SANOFI RIGHT 12/31/2020 80105N113 6,984 3,457,600 SH   SOLE   3,457,600 0 0
SOLARFUN POWER HOLDINGS CO L NOTE 3.500% 1/1 83415UAB4 4,584 5,000,000 PRN   SOLE   5,000,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 117,607 700,000 SH Put SOLE   700,000 0 0
SPRINT CORP COM SER 1 85207U105 11,194 1,800,000 SH   SOLE   1,800,000 0 0
STARWOOD PPTY TR INC NOTE 4.000% 1/1 85571BAB1 10,868 10,500,000 PRN   SOLE   10,500,000 0 0
T-MOBILE US INC COM 872590104 5,324 205,000 SH   SOLE   205,000 0 0
THERAVANCE INC NOTE 2.125% 1/1 88338TAB0 34,151 21,000,000 PRN   SOLE   21,000,000 0 0
THOMPSON CREEK METALS CO INC UNIT 99/99/9999 884768300 8,325 450,000 SH   SOLE   450,000 0 0
TRINITY INDS INC COM 896522109 8,875 195,700 SH   SOLE   195,700 0 0
TRW AUTOMOTIVE INC NOTE 3.500%12/0 87264MAH2 28,074 11,500,000 PRN   SOLE   11,500,000 0 0
VANTAGE DRILLING COMPANY NOTE 7.875% 9/0 G93205AA3 4,006 3,495,000 PRN   SOLE   3,495,000 0 0
VERISIGN INC SDCV 3.250% 8/1 92343EAD4 33,648 21,500,000 PRN   SOLE   21,500,000 0 0
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 54,529 1,550,000 SH   SOLE   1,550,000 0 0
WESCO INTL INC DBCV 6.000% 9/1 95082PAH8 37,699 13,737,000 PRN   SOLE   13,737,000 0 0
XILINX INC SDCV 3.125% 3/1 983919AD3 19,410 12,000,000 PRN   SOLE   12,000,000 0 0
XILINX INC COM 983919101 9,965 212,700 SH   SOLE   212,700 0 0
ZAIS FINL CORP COM 98886K108 299 17,214 SH   SOLE   17,214 0 0