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
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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
3M CO COM 88579Y101 83,587 700,000 SH Put SOLE   700,000 0 0
AMERICAN CAPITAL AGENCY CORP COM 02503X105 36,112 1,600,000 SH   SOLE   1,600,000 0 0
ANNALY CAP MGMT INC COM 035710409 2,895 250,000 SH   SOLE   250,000 0 0
APPLIED MATLS INC COM 038222105 17,531 1,000,000 SH   SOLE   1,000,000 0 0
BARNES GROUP INC NOTE 3.375% 3/1 067806AD1 20,299 16,244,000 PRN   SOLE   0 0 0
BARRICK GOLD CORP COM 067901108 51,205 2,750,000 SH   SOLE   2,750,000 0 0
BARRICK GOLD CORP COM 067901108 209,475 11,250,000 SH Call SOLE   11,250,000 0 0
BARRICK GOLD CORP COM 067901108 41,895 2,250,000 SH Put SOLE   2,250,000 0 0
BOSTON PRIVATE FINL HLDGS IN *W EXP 11/21/201 101119113 1,180 267,039 SH   SOLE   267,039 0 0
BROOKFIELD OFFICE PPTYS INC COM 112900105 22,884 1,200,000 SH   SOLE   1,200,000 0 0
COBALT INTL ENERGY INC NOTE 2.625%12/0 19075FAA4 16,931 16,000,000 PRN   SOLE   0 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 139,604 1,700,000 SH   SOLE   1,700,000 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 86,226 1,050,000 SH Call SOLE   1,050,000 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 86,226 1,050,000 SH Put SOLE   1,050,000 0 0
COMMONWEALTH REIT COM SH BEN INT 203233101 26,292 1,200,000 SH   SOLE   1,200,000 0 0
CONSTELLATION BRANDS INC CL A 21036P108 45,920 800,000 SH   SOLE   800,000 0 0
DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 28,482 364,598 SH   SOLE   364,598 0 0
ENERSYS NOTE 3.375% 6/0 29275YAA0 28,106 18,206,000 PRN   SOLE   0 0 0
EXELON CORP COM 30161N101 118,560 4,000,000 SH Call SOLE   4,000,000 0 0
FOREST CITY ENTERPRISES INC NOTE 4.250% 8/1 345550AP2 21,452 19,283,000 PRN   SOLE   0 0 0
GENCORP INC SDCV 4.062%12/3 368682AN0 29,640 16,400,000 PRN   SOLE   0 0 0
GENERAL ELECTRIC CO COM 369604103 5,973 250,000 SH   SOLE   250,000 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V126 1,378 73,355 SH   SOLE   73,355 0 0
GENERAL MTRS CO COM 37045V100 82,994 2,307,300 SH Put SOLE   2,307,300 0 0
HCA HOLDINGS INC COM 40412C101 85,500 2,000,000 SH Put SOLE   2,000,000 0 0
HESS CORP COM 42809H107 175,964 2,275,200 SH   SOLE   2,275,200 0 0
INTEL CORP COM 458140100 240,671 10,500,000 SH Put SOLE   10,500,000 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 10,450 500,000 SH Call SOLE   500,000 0 0
JARDEN CORP COM 471109108 58,080 1,200,000 SH   SOLE   1,200,000 0 0
LAMAR ADVERTISING CO CL A 512815101 42,327 900,000 SH   SOLE   900,000 0 0
LIBERTY MEDIA CORP DELAWARE CL A 531229102 73,575 500,000 SH   SOLE   500,000 0 0
MERRIMACK PHARMACEUTICALS IN COM 590328100 152 40,000 SH   SOLE   40,000 0 0
MGIC INVT CORP WIS NOTE 5.000% 5/0 552848AD5 2,714 2,500,000 PRN   SOLE   0 0 0
MICRON TECHNOLOGY INC NOTE 2.375% 5/0 595112AW3 78,376 41,000,000 PRN   SOLE   0 0 0
MOSAIC CO COM 61945C103 21,510 500,000 SH Call SOLE   500,000 0 0
NEWPARK RES INC NOTE 4.000%10/0 651718AC2 20,568 14,832,000 PRN   SOLE   0 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 170,711 1,825,000 SH   SOLE   1,825,000 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 140,310 1,500,000 SH Call SOLE   1,500,000 0 0
PENN NATL GAMING INC COM 707569109 53,976 975,000 SH   SOLE   975,000 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 78,880 1,000,000 SH Put SOLE   1,000,000 0 0
QUICKSILVER RESOURCES INC COM 74837R104 5,910 3,000,000 SH   SOLE   3,000,000 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 228,000 2,750,000 SH Put SOLE   2,750,000 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 46,405 1,000,000 SH Put SOLE   1,000,000 0 0
SILVER EAGLE ACQUISITION COR UNIT 99/99/9999 827694209 9,101 896,609 SH   SOLE   896,609 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 83,317 650,000 SH Call SOLE   650,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 520,831 3,100,000 SH Call SOLE   3,100,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 319,219 1,900,000 SH Put SOLE   1,900,000 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 79,020 1,200,000 SH Put SOLE   1,200,000 0 0
STILLWATER MNG CO NOTE 1.750%10/1 86074QAL6 30,357 28,931,000 PRN   SOLE   0 0 0
SUNEDISON INC COM 86732Y109 10,361 1,300,000 SH   SOLE   1,300,000 0 0
SUNPOWER CORP DBCV 4.500% 3/1 867652AE9 26,601 20,215,000 PRN   SOLE   0 0 0
SUNPOWER CORP DBCV 4.750% 4/1 867652AC3 4,929 4,325,000 PRN   SOLE   0 0 0
TESLA MTRS INC NOTE 1.500% 6/0 88160RAA9 25,407 15,000,000 PRN   SOLE   0 0 0
TFS FINL CORP COM 87240R107 71,820 6,000,000 SH   SOLE   6,000,000 0 0
TOWER GROUP INTL LTD COM G8988C105 15,371 2,195,900 SH   SOLE   2,195,900 0 0
TYCO INTERNATIONAL LTD SHS H89128104 139,920 4,000,000 SH   SOLE   4,000,000 0 0
UNITED TECHNOLOGIES CORP COM 913017109 86,256 800,000 SH Put SOLE   800,000 0 0
WELLPOINT INC COM 94973V107 41,805 500,000 SH Put SOLE   500,000 0 0
YAHOO INC COM 984332106 69,657 2,100,000 SH   SOLE   2,100,000 0 0