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
1ST CENTURY BANCSHARES INC COM 31943X102 829 73,883 SH   SOLE   829 0 0
A H BELO CORP COM CL A 001282102 180 35,942 SH   SOLE   180 0 0
ADVENT CLAYMORE ENH GRW & IN COM 00765E104 127 15,555 SH   SOLE   127 0 0
AGL RES INC COM 001204106 792 12,000 SH   SOLE   792 0 0
ALLERGAN PLC SHS G0177J108 3,952 17,100 SH   SOLE   3,952 0 0
AMERICAN CAP LTD COM 02503Y103 8,997 568,349 SH   SOLE   8,997 0 0
ANDINA ACQUISITION CORP II UNIT 99/99/9999 G0441P112 1,903 187,500 SH   SOLE   1,903 0 0
AR CAP ACQUISITION CORP UNIT 10/06/2019 00191R208 2,839 285,000 SH   SOLE   2,839 0 0
AR CAP ACQUISITION CORP COM 00191R109 2,532 255,000 SH   SOLE   2,532 0 0
ARALEZ PHARMACEUTICALS INC COM 03852X100 41 12,463 SH   SOLE   41 0 0
ATLANTIC ALLIANCE PARTNER CO SHS G04897107 3,709 357,000 SH   SOLE   3,709 0 0
AVENUE INCOME CR STRATEGIES COM 05358E106 341 28,482 SH   SOLE   341 0 0
BARINGTON HILCO ACQUISITION COM 06759V101 246 24,740 SH   SOLE   246 0 0
BOULEVARD ACQUISITION UNIT 99/99/9999 10157Q201 5,138 519,500 SH   SOLE   5,138 0 0
BOULEVARD ACQUISITION CL A 10157Q102 374 38,319 SH   SOLE   374 0 0
BROADCOM LTD SHS Y09827109 3,730 24,000 SH Put SOLE   3,730 0 0
BROADCOM LTD SHS Y09827109 62 400 SH   SOLE   62 0 0
BROOKFIELD GLOBL LISTED INFR COM SHS 11273Q109 216 16,416 SH   SOLE   216 0 0
C1 FINL INC COM 12591N109 5,300 227,165 SH   SOLE   5,300 0 0
COMMUNITYONE BANCORP COM 20416Q108 1,793 141,886 SH   SOLE   1,793 0 0
COMTECH TELECOMMUNICATIONS C COM NEW 205826209 270 21,000 SH   SOLE   270 0 0
CORNERSTONE STRATEGIC VALUE COM 21924B302 2,059 125,725 SH   SOLE   2,059 0 0
CORNERSTONE TOTAL RTRN FD IN COM 21924U300 1,469 89,963 SH   SOLE   1,469 0 0
COVISINT CORP COM 22357R103 40 18,549 SH   SOLE   40 0 0
CROSSROADS CAP INC COM 227656105 284 137,695 SH   SOLE   284 0 0
DELAWARE INVTS DIV & INCOME COM 245915103 136 13,662 SH   SOLE   136 0 0
DISCOVERY COMMUNICATNS NEW COM SER A 25470F104 1,177 46,638 SH   SOLE   1,177 0 0
DIVIDEND & INCOME FUND COM NEW 25538A204 338 31,021 SH   SOLE   338 0 0
DOUBLE EAGLE ACQUISITION COR UNIT 99/99/9999 G28195108 4,456 444,000 SH   SOLE   4,456 0 0
E M C CORP MASS COM 268648102 18,639 686,000 SH   SOLE   18,639 0 0
ELECTRUM SPL ACQUISITION COR SHS G3105C104 1,264 129,645 SH   SOLE   1,264 0 0
ENDOCYTE INC COM 29269A102 46 14,200 SH   SOLE   46 0 0
EXAMWORKS GROUP INC COM 30066A105 1,803 51,742 SH   SOLE   1,803 0 0
FAIRCHILD SEMICONDUCTOR INTL COM 303726103 349 17,600 SH   SOLE   349 0 0
FIDELITY & GTY LIFE COM 315785105 1,229 53,000 SH   SOLE   1,229 0 0
FIDELITY NATIONAL FINANCIAL FNFV GROUP COM 31620R402 201 17,563 SH   SOLE   201 0 0
FIRST NIAGARA FINL GP INC COM 33582V108 777 79,788 SH   SOLE   777 0 0
FIRSTHAND TECH VALUE FD INC COM 33766Y100 157 21,139 SH   SOLE   157 0 0
FIRSTMERIT CORP COM 337915102 6,208 306,277 SH   SOLE   6,208 0 0
GABELLI EQUITY TR INC COM 362397101 1,918 349,324 SH   SOLE   1,918 0 0
GAIAM INC CL A 36268Q103 116 15,000 SH   SOLE   116 0 0
GP INVTS ACQUISITION COR SHS G40357124 701 72,301 SH   SOLE   701 0 0
HARMONY MERGER CORP UNIT 99/99/9999 413247206 765 75,000 SH   SOLE   765 0 0
HARMONY MERGER CORP COM 413247107 898 90,000 SH   SOLE   898 0 0
HARVEST NATURAL RESOURCES IN COM 41754V103 172 205,807 SH   SOLE   172 0 0
HATTERAS FINL CORP COM 41902R103 4,195 255,775 SH   SOLE   4,195 0 0
HENNESSY CAP ACQUISITION COR COM 42588J100 1,176 120,000 SH   SOLE   1,176 0 0
HYDRA INDS ACQUISITION CORP COM 448740100 1,724 174,349 SH   SOLE   1,724 0 0
INGRAM MICRO INC CL A 457153104 7,604 218,643 SH   SOLE   7,604 0 0
ITC HLDGS CORP COM 465685105 6,489 138,593 SH   SOLE   6,489 0 0
KLA-TENCOR CORP COM 482480100 19,495 266,149 SH   SOLE   19,495 0 0
KOPIN CORP COM 500600101 53 23,746 SH   SOLE   53 0 0
LAPORTE BANCORP INC MD COM 516651106 1,149 70,390 SH   SOLE   1,149 0 0
LEXMARK INTL INC CL A 529771107 2,178 57,698 SH   SOLE   2,178 0 0
LIBERTY ALL STAR EQUITY FD SH BEN INT 530158104 465 92,538 SH   SOLE   465 0 0
LIBERTY GLOBAL PLC LILAC SHS CL A G5480U138 300 9,300 SH   SOLE   300 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 5,768 198,472 SH   SOLE   5,768 0 0
LINKEDIN CORP COM CL A 53578A108 6,813 36,000 SH   SOLE   6,813 0 0
LUNA INNOVATIONS COM 550351100 43 34,483 SH   SOLE   43 0 0
MEDIA GEN INC NEW COM 58441K100 3,006 174,893 SH   SOLE   3,006 0 0
MEDIVATION INC COM 58501N101 678 11,250 SH   SOLE   678 0 0
MEMORIAL RESOURCE DEV CORP COM 58605Q109 3,123 196,643 SH   SOLE   3,123 0 0
MODUSLINK GLOBAL SOLUTIONS I COM NEW 60786L206 86 69,804 SH   SOLE   86 0 0
MORGANS HOTEL GROUP CO COM 61748W108 41 19,100 SH   SOLE   41 0 0
NEUBERGER BERMAN RE ES SEC F COM 64190A103 2,964 521,790 SH   SOLE   2,964 0 0
NEW MTN FIN CORP COM 647551100 493 38,224 SH   SOLE   493 0 0
NUVEEN DIVERSIFIED COMMODTY COM UT BEN INT 67074P104 1,359 138,390 SH   SOLE   1,359 0 0
NUVEEN GLOBAL HIGH INCOME FD SHS 67075G103 353 24,500 SH   SOLE   353 0 0
NUVEEN LG/SHT COMMODITY TOTR COM UT BEN INT 670731108 2,034 137,073 SH   SOLE   2,034 0 0
PENNANTPARK FLOATING RATE CA COM 70806A106 1,057 85,210 SH   SOLE   1,057 0 0
POLYCOM INC COM 73172K104 3,694 328,341 SH   SOLE   3,694 0 0
PRISM TECHNOLOGIES GROUP INC COM 74273Y100 35 132,586 SH   SOLE   35 0 0
QIHOO 360 TECHNOLOGY CO LTD ADS 74734M109 2,144 29,350 SH   SOLE   2,144 0 0
QLIK TECHNOLOGIES INC COM 74733T105 769 26,000 SH   SOLE   769 0 0
QLT INC COM 746927102 300 211,114 SH   SOLE   300 0 0
QUINPARIO ACQUISITION CORP 2 COM 74874U101 2,412 243,850 SH   SOLE   2,412 0 0
REALNETWORKS INC COM NEW 75605L708 141 32,740 SH   SOLE   141 0 0
REAVES UTIL INCOME FD COM SH BEN INT 756158101 4,326 133,223 SH   SOLE   4,326 0 0
RENTECH INC COM NEW 760112201 421 175,485 SH   SOLE   421 0 0
RITE AID CORP COM 767754104 3,841 512,772 SH   SOLE   3,841 0 0
SAFEGUARD SCIENTIFICS INC COM NEW 786449207 6,134 491,143 SH   SOLE   6,134 0 0
SAMSON OIL & GAS LTD SPON ADR NEW 796043206 10 14,119 SH   SOLE   10 0 0
SANOFI RIGHT 12/31/2020 80105N113 37 155,177 SH   SOLE   37 0 0
SCHOLASTIC CORP COM 807066105 1,497 37,785 SH   SOLE   1,497 0 0
ST JUDE MED INC COM 790849103 11,232 144,000 SH   SOLE   11,232 0 0
STARWOOD HOTELS&RESORTS WRLD COM 85590A401 26,274 355,290 SH   SOLE   26,274 0 0
SUFFOLK BANCORP COM 864739107 1,211 38,676 SH   SOLE   1,211 0 0
TALEN ENERGY CORP COM 87422J105 819 60,475 SH   SOLE   819 0 0
TALMER BANCORP INC COM 87482X101 1,725 90,000 SH   SOLE   1,725 0 0
TELEPHONE & DATA SYS INC COM NEW 879433829 382 12,891 SH   SOLE   382 0 0
TIVO INC COM 888706108 2,236 225,879 SH   SOLE   2,236 0 0
TRANS WORLD ENTMT CORP COM 89336Q100 39 10,400 SH   SOLE   39 0 0
TYCO INTL PLC SHS G91442106 11,064 259,722 SH   SOLE   11,064 0 0
UNITED ONLINE INC COM NEW 911268209 355 32,296 SH   SOLE   355 0 0
VIACOM INC NEW CL B 92553P201 2,754 66,418 SH   SOLE   2,754 0 0
VIDEOCON D2H LTD ADR 92657J101 636 74,981 SH   SOLE   636 0 0
WESTAR ENERGY INC COM 95709T100 4,414 78,700 SH   SOLE   4,414 0 0
WILSHIRE BANCORP INC COM 97186T108 2,010 192,913 SH   SOLE   2,010 0 0
WINTHROP RLTY TR SH BEN INT NEW 976391300 2,549 290,009 SH   SOLE   2,549 0 0
WRIGHT MED GROUP N V RIGHT 03/01/2019 N96617126 48 38,308 SH   SOLE   48 0 0
XURA INC COM 98420V107 1,071 43,822 SH   SOLE   1,071 0 0
YAHOO INC COM 984332106 8,336 221,925 SH   SOLE   8,336 0 0
ZYNGA INC CL A 98986T108 113 45,500 SH   SOLE   113 0 0