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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
Ally Financial Inc Common 02005N100 59,813 3,504,000 SH   SOLE SOLE 3,504,000 0 0
Cheniere Energy Inc Common 16411R208 57,940 1,543,000 SH   SOLE SOLE 1,543,000 0 0
Cresud SACIF y A Common 226406106 6,863 485,711 SH   SOLE SOLE 485,711 0 0
IRSA Inversiones y Representaciones SA Common 450047204 19,281 1,146,996 SH   SOLE SOLE 1,146,996 0 0
YPF SA Common 984245100 62,889 3,275,494 SH   SOLE SOLE 3,275,494 0 0