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
AAR Corp CONV 000361AM7 1,397 1,351,000 PRN   SOLE   1,351,000 0 0
ACORDA THERAPEUTICS INC CONV 00484MAA4 1,725 1,500,000 PRN   SOLE   1,000,000 0 0
AFFYMETRIX INC CONV 00826TAH1 5,602 3,145,000 PRN   SOLE   3,145,000 0 0
AK STEEL HOLDING CORP CONV 001546AP5 2,877 2,150,000 PRN   SOLE   2,150,000 0 0
AK Steel Holding Corp CONV 001546AP5 1,137 850,000 PRN   OTR 1 0 850,000 0
ANI PHARMACEUTICALS INC CONV 00182CAA1 3,675 3,500,000 PRN   SOLE   3,500,000 0 0
BLUCORA INC CONV 095229AB6 3,881 4,100,000 PRN   SOLE   4,100,000 0 0
CB PHARMA ACQUISITION-UNIT UNIT G2029P100 150 14,900 SH   SOLE   14,900 0 0
CBIZ INC CONV 124805AC6 3,331 2,750,000 PRN   SOLE   2,750,000 0 0
COBALT INTERNATIONAL ENERGY CONV 19075FAA4 806 1,300,000 PRN   SOLE   1,300,000 0 0
COBALT INTERNATIONAL ENERGY CONV 19075FAB2 1,688 2,500,000 PRN   SOLE   2,500,000 0 0
DENDREON CORP CONV 24823QAC1 844 1,350,000 PRN   SOLE   1,350,000 0 0
ENCORE CAPITAL GROUP INC CONV 292554AD4 295 200,000 PRN   SOLE   200,000 0 0
ENCORE CAPITAL GROUP INC CONV 292554AF9 1,703 1,500,000 PRN   SOLE   1,500,000 0 0
Fibrocell Science Inc COM 315721209 26 10,100 SH   SOLE   10,100 0 0
FIBROCELL WARRANTS 2.5 Strike WTS 00FCSCWTS 537 456,670 SH   SOLE   456,670 0 0
FIBROCELL WARRANTS 6.25 Strike WTS 00FCSCWS2 8 32,000 SH   SOLE   32,000 0 0
FIBROCELL WARRANTS 18.75 Strike WTS 00FIBROWS 0 15,274 SH   SOLE   15,274 0 0
FREDDIE MAC 7.875% Preferred 313400624 158 40,000 SH   SOLE   40,000 0 0
FRONTERA RESOURCES CORP COM G36813106 1 4,964 SH   SOLE   4,964 0 0
FRONTERA RESOURCES CORP RSTD G36813106 1 5,851 SH   SOLE   5,851 0 0
GALENA BIOPHARMA WTS 363256116 11 30,000 SH   SOLE   30,000 0 0
GARNERO GROUP ACQUISITION CO SHS G5866L108 2,158 226,000 SH   SOLE   226,000 0 0
GARNERO GROUP ACQUISITION CO WTS G5866L116 23,736 197,800 SH   SOLE   197,800 0 0
GARNERO GROUP ACQUISITION CO Right G5866L132 63 211,600 SH   SOLE   211,600 0 0
GREEN PLAINS INC CONV 393222AD6 1,757 1,300,000 PRN   SOLE   1,300,000 0 0
HF2 FINANCIAL MANAGEMENT INC COM 40421A104 1,643 157,822 SH   SOLE   157,822 0 0
HORSEHEAD HOLDING CORP CONV 440694AB3 1,824 1,500,000 PRN   SOLE   1,500,000 0 0
JAKKS PACIFIC INC CONV 47012EAE6 2,477 2,574,000 PRN   SOLE   2,574,000 0 0
JAKKS PACIFIC INC CONV 47012EAG1 765 875,000 PRN   SOLE   875,000 0 0
KINDER MORGAN INC/DELAWARE-P WTS 0000KMIWS 42 10,000 SH   SOLE   10,000 0 0
NEXPOINT CR STRATEGIES FD COM 65340G106 251 22,357 SH   SOLE   22,357 0 0
QUIDEL CORP CONV 74838JAA9 1,964 1,750,000 PRN   SOLE   1,750,000 0 0
SEQUENOM INC CONV 817337405 4,142 4,000,000 PRN   SOLE   4,000,000 0 0
SPDR DOW JONES INDL AVERAGE ETF TR UNIT COM 78467X109 1,245 7,000 SH   SOLE   7,000 0 0
TECHNOLOGY INVSTMT CAP CORP CONV 87244TAB5 2,323 2,220,000 PRN   SOLE   2,220,000 0 0
TESLA MOTORS INC CONV 88160RAB7 1,483 1,600,000 PRN   SOLE   1,600,000 0 0
TESLA MOTORS INC CONV 88160RAC5 1,533 1,700,000 PRN   SOLE   1,700,000 0 0
VECTOR GROUP LTD CONV 92240MBC1 3,186 3,000,000 PRN   SOLE   3,000,000 0 0
WTS GREEN HUNTER RESOURCES INC @$2.25 EX WRNT 000GHRWTS 22 38,889 SH   SOLE   38,889 0 0