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
AFFILIATED MANAGERS GROUP COM 008252108 2,434 17,800 SH   SOLE   17,800 0 0
ALLY FINL INC COM 02005N100 3,224 121,893 SH   SOLE   121,893 0 0
AMERICAN EQTY INVT LIFE HLD COM 025676206 2,652 75,000 SH Put SOLE   0 0 0
APOLLO GLOBAL MGMT LLC CL A SHS 037612306 32,510 940,955 SH   SOLE   940,955 0 0
ARES MGMT LP COM SHS REG INT 04014Y101 3,659 157,708 SH   SOLE   157,708 0 0
AXA EQUITABLE HLDGS INC COM 054561105 8,556 398,860 SH   SOLE   398,860 0 0
BANCO BRADESCO S A SP ADR PFD NEW 059460303 940 132,750 SH   SOLE   132,750 0 0
BANK MONTREAL QUE COM 063671101 6,604 80,000 SH Put SOLE   0 0 0
BANKUNITED INC COM 06652K103 1,251 35,350 SH   SOLE   35,350 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 41,551 1,091,151 SH   SOLE   1,091,151 0 0
BRIGHTHOUSE FINL INC COM 10922N103 3,825 86,462 SH   SOLE   86,462 0 0
CARLYLE GROUP L P COM UTS LTD PTN 14309L102 26,307 1,166,618 SH   SOLE   1,166,618 0 0
CHESAPEAKE ENERGY CORP NOTE 5.500% 9/1 165167CY1 7,908 8,000,000 PRN   SOLE   8,000,000 0 0
CITIGROUP INC COM NEW 172967424 24,493 341,419 SH   SOLE   341,419 0 0
CITIZENS FINL GROUP INC COM 174610105 11,828 306,654 SH   SOLE   306,654 0 0
COMERICA INC COM 200340107 26,171 290,139 SH   SOLE   290,139 0 0
COMERICA INC COM 200340107 45,100 500,000 SH Call SOLE   0 0 0
E TRADE FINANCIAL CORP COM NEW 269246401 18,177 346,948 SH   SOLE   346,948 0 0
E TRADE FINANCIAL CORP COM NEW 269246401 23,576 450,000 SH Call SOLE   0 0 0
ENCORE CAP GROUP INC NOTE 2.875% 3/1 292554AH5 1,333 1,416,000 PRN   SOLE   1,416,000 0 0
FIRST HORIZON NATL CORP COM 320517105 2,142 124,076 SH   SOLE   124,076 0 0
HUNTINGTON BANCSHARES INC COM 446150104 8,607 576,900 SH   SOLE   576,900 0 0
ICICI BK LTD ADR 45104G104 7,630 898,660 SH   SOLE   898,660 0 0
INVESTORS BANCORP INC NEW COM 46146L101 9,647 786,243 SH   SOLE   786,243 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 11,803 275,000 SH Call SOLE   0 0 0
ISHARES TR U.S. REAL ES ETF 464287739 6,002 75,000 SH Put SOLE   0 0 0
JPMORGAN CHASE & CO COM 46625H100 9,027 80,000 SH Put SOLE   0 0 0
KEYCORP NEW COM 493267108 1,037 52,150 SH   SOLE   52,150 0 0
LEGG MASON INC COM 524901105 16,268 520,899 SH   SOLE   520,899 0 0
LINCOLN NATL CORP IND COM 534187109 23,867 352,749 SH   SOLE   352,749 0 0
OCH ZIFF CAP MGMT GROUP CL A 67551U105 3,532 2,386,500 SH   SOLE   2,386,500 0 0
PACWEST BANCORP DEL COM 695263103 5,490 115,207 SH   SOLE   115,207 0 0
PENNYMAC CORP NOTE 5.375% 5/0 70932AAB9 36,593 36,757,000 PRN   SOLE   36,757,000 0 0
PRUDENTIAL FINL INC COM 744320102 56,889 561,481 SH   SOLE   561,481 0 0
SPDR SERIES TRUST S&P REGL BKG 78464A698 17,826 300,000 SH Call SOLE   0 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 9,387 81,741 SH   SOLE   81,741 0 0
STERLING BANCORP DEL COM 85917A100 1,561 70,950 SH   SOLE   70,950 0 0
TESLA INC COM 88160R101 2,648 10,000 SH Put SOLE   0 0 0
WELLS FARGO CO NEW COM 949746101 26,195 498,383 SH   SOLE   498,383 0 0
WELLS FARGO CO NEW COM 949746101 7,884 150,000 SH Call SOLE   0 0 0
WELLS FARGO CO NEW *W EXP 10/28/201 949746804 53,657 41,566 SH   SOLE   41,566 0 0
ATHENE HLDG LTD CL A G0684D107 18,512 358,345 SH   SOLE   358,345 0 0
INVESCO LTD SHS G491BT108 23,062 1,007,944 SH   SOLE   1,007,944 0 0
INVESCO LTD SHS G491BT108 12,584 550,000 SH Call SOLE   0 0 0
LAZARD LTD SHS A G54050102 5,554 115,400 SH   SOLE   115,400 0 0