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
ADCARE HEALTH SYSTEMS INC COM 00650W300 25 10,000 SH   SOLE   10,000 0 0
ADOBE SYSTEMS INC COM COM 00724F101 939 10,000 SH   SOLE   10,000 0 0
ADT CORPORATION COM COM 00101J106 989 30,000 SH   SOLE   30,000 0 0
AGL RES INC COM COM 001204106 2,713 42,515 SH   SOLE   42,515 0 0
AIRGAS INC COM COM 009363102 22,406 161,988 SH   SOLE   161,988 0 0
AKAMAI TECHNOLOGIES INC COM COM 00971T101 789 15,000 SH   SOLE   15,000 0 0
AKORN INC COM 009728106 261 7,000 SH   SOLE   7,000 0 0
ALAMOS GOLD INC NEW COM CL A COM 011532108 74 22,582 SH   SOLE   22,582 0 0
ALCATEL LUCENT ADR SPONS 1/5SH COM 013904305 6,411 1,674,006 SH   SOLE   1,674,006 0 0
ALERE INC COM 01449J105 313 8,000 SH   SOLE   8,000 0 0
ALLERGAN PLC SHS COM G0177J108 4,031 12,900 SH   SOLE   12,900 0 0
ALLIANCE BERNSTEIN HLDGS LP UN COM 01881G106 262 11,000 SH   SOLE   11,000 0 0
AMC NETWORKS INC CL A COM 00164V103 2,801 37,500 SH   SOLE   37,500 0 0
AMERICAN EXPRESS CO COM 025816109 313 4,500 SH   SOLE   4,500 0 0
ARCP 3 3/4 12/15/20 CONVERTIBLE BOND 02917TAB0 229 250,000 PRN   SOLE   250,000 0 0
ASTRAZENECA PLC ADR SPONSORED COM 046353108 669 19,700 SH   SOLE   19,700 0 0
ATMEL CORP COM COM 049513104 6,363 739,018 SH   SOLE   739,018 0 0
AVISTA CORP COM COM 05379B107 707 20,000 SH   SOLE   20,000 0 0
AVOLON HLDGS LTD COM COM G52237107 1,747 56,415 SH   SOLE   56,415 0 0
BIOTA HOLDINGS LTD COM 090694100 423 218,177 SH   SOLE   218,177 0 0
B2GOLD CORP COM COM 11777Q209 47 45,663 SH   SOLE   45,663 0 0
BAKER HUGHES INC COM 057224107 9,457 204,916 SH   SOLE   204,916 0 0
BANCROFT FUND LTD COM MUTUAL FUNDS 059695106 1,008 55,400 SH   SOLE   55,400 0 0
BANK OF AMERICA COM 060505104 1,830 108,729 SH   SOLE   108,729 0 0
BANK OF NEW YORK MELLON CORP COM 064058100 866 21,000 SH   SOLE   21,000 0 0
BGC 4 1/2 11/15/29 CONVERTIBLE BOND 369300AL2 295 500,000 PRN   SOLE   500,000 0 0
BIOMED REALTY TRUST INC COM COM 09063H107 1,645 69,430 SH   SOLE   69,430 0 0
BIOSCRIP INC COM 09069N108 269 153,701 SH   SOLE   153,701 0 0
BLOUNT INTL INC NEW COM COM 095180105 4,258 434,096 SH   SOLE   434,096 0 0
BOSTON PRIVATE FINL HLDGS INCO COM 101119105 170 15,000 SH   SOLE   15,000 0 0
BOULDER BRANDS INC COM COM 101405108 2,142 195,095 SH   SOLE   195,095 0 0
BREEZE EASTERN CORP COM COM 106764103 237 11,987 SH   SOLE   11,987 0 0
BROADCOM CORP COM COM 111320107 28,046 485,057 SH   SOLE   485,057 0 0
BTO CN 3 1/4 10/1/18 CONVERTIBLE BOND 11777QAB6 533 650,000 PRN   SOLE   650,000 0 0
CABLEVISION SYS NY GROUP A COM 12686C109 19,300 605,002 SH   SOLE   605,002 0 0
CABLEVISION SYS NY GROUP A COM 12686C959 180 100 SH Put SOLE   0 0 0
CAMERON INTERNATIONAL CORP COM 13342B105 35,495 561,626 SH   SOLE   561,626 0 0
CARBONITE INC COM 141337105 409 41,739 SH   SOLE   41,739 0 0
CBS CORP CLASS A COM 124857103 438 8,400 SH   SOLE   8,400 0 0
CHEMTURA CORP COM NEW COM 163893209 273 10,000 SH   SOLE   10,000 0 0
CHEVRON CORP COM 166764100 990 11,000 SH   SOLE   11,000 0 0
CHIPOTLE MEXICAN GRILL INC CL COM 169656105 3,119 6,500 SH   SOLE   6,500 0 0
CHUBB CORP COM 171232101 33,896 255,551 SH   SOLE   255,551 0 0
CIGNA CORP COM 125509109 293 2,000 SH   SOLE   2,000 0 0
CITIGROUP INC COM 172967424 414 8,000 SH   SOLE   8,000 0 0
CLEAR CHANNEL OUTDOOR HLDGS CL COM 18451C109 95 17,000 SH   SOLE   17,000 0 0
CLECO CORP NEW COM COM 12561W105 21,128 404,680 SH   SOLE   404,680 0 0
COHEN & STEERS INC COM COM 19247A100 518 17,000 SH   SOLE   17,000 0 0
COMMUNITY HEALTH SYSTEMS-CVR WARRANT AND RIGH 203668116 4 471,530 SH   SOLE   471,530 0 0
CONSTANT CONTACT INC COM 210313102 3,424 117,088 SH   SOLE   117,088 0 0
CORCEPT THERAPEUTICS INC OC-CO COM 218352102 479 96,200 SH   SOLE   96,200 0 0
CURTISS WRIGHT CORP COM 231561101 343 5,000 SH   SOLE   5,000 0 0
CVS HEALTH CORP COM 126650100 293 3,000 SH   SOLE   3,000 0 0
DAVITA INC COM 23918K108 244 3,500 SH   SOLE   3,500 0 0
DIAMOND FOODS INC COM COM 252603105 1,500 38,914 SH   SOLE   38,914 0 0
DISH NETWORK CORPORATION COM 25470M109 286 5,000 SH   SOLE   5,000 0 0
DYAX CORP COM COM 26746E103 12,385 329,209 SH   SOLE   329,209 0 0
E M C CORP MASS COM COM 268648102 5,698 221,900 SH   SOLE   221,900 0 0
EATON CORP PLC SHS COM G29183103 411 7,900 SH   SOLE   7,900 0 0
ECHOSTAR CORP-A COM 278768106 684 17,500 SH   SOLE   17,500 0 0
ENERGY XXI (BERMUDA) LTD COM G10082140 30 30,075 SH   SOLE   30,075 0 0
EZCHIP SEMICONDUCTOR LIMITEDOR COM M4146Y108 15,094 610,587 SH   SOLE   610,587 0 0
FAIRCHILD SEMICONDUCTOR INTLCL COM 303726103 10,987 530,522 SH   SOLE   530,522 0 0
FEDERAL MOGUL CORP CL A COM 313549404 357 52,122 SH   SOLE   52,122 0 0
FERRO CORP COM 315405100 111 10,000 SH   SOLE   10,000 0 0
FIRST NIAGARA FINL GP INC COM COM 33582V108 468 43,100 SH   SOLE   43,100 0 0
FRONTLINE LTD ORD COM G3682E127 968 323,834 SH   SOLE   323,834 0 0
GABELLI DIV&INC TR COM MUTUAL FUNDS 36242H104 9,309 504,300 SH   SOLE   504,300 0 0
GABELLI GLB SML & MD CP VAL CO MUTUAL FUNDS 36249W104 543 52,190 SH   SOLE   52,190 0 0
GABELLI GLOBAL UTIL & INCOMECO MUTUAL FUNDS 36242L105 3,800 228,655 SH   SOLE   228,655 0 0
GABELLI MULTIMEDIA TRST INC MUTUAL FUNDS 36239Q109 614 81,838 SH   SOLE   81,838 0 0
GAMCO INVESTORS INC COM 361438104 136,360 4,393,055 SH   SOLE   4,393,055 0 0
GDL FUND MUTUAL FUNDS 361570104 13,464 1,345,082 SH   SOLE   1,345,082 0 0
GENERAL ELEC CO COM 369604103 779 25,000 SH   SOLE   25,000 0 0
GILEAD SCIENCES INC COM COM 375558103 304 3,000 SH   SOLE   3,000 0 0
GLOBAL SOURCES LTD COM COM G39300101 194 24,835 SH   SOLE   24,835 0 0
GRIFOLS SA SP ADR REP B NVT COM 398438408 6,101 188,292 SH   SOLE   188,292 0 0
GRUPO TELEVISA SA DE CV ADR (B COM 40049J206 408 15,000 SH   SOLE   15,000 0 0
GULF COAST ULTRA DEEP RTY TR R UNITS 40222T104 227 1,510,674 SH   SOLE   1,510,674 0 0
GYRODYNE LLC COM COM 403829104 971 37,990 SH   SOLE   37,990 0 0
HARVEST NAT RES INC COM COM 41754V103 61 144,600 SH   SOLE   144,600 0 0
HAWAIIAN ELEC INDS INC COM COM 419870100 2,500 86,353 SH   SOLE   86,353 0 0
HC2 HLDGS INC COM COM 404139107 196 37,100 SH   SOLE   37,100 0 0
HCA HOLDINGS INC COM COM 40412C101 237 3,500 SH   SOLE   3,500 0 0
HEALTH NET INC COM COM 42222G108 11,683 170,650 SH   SOLE   170,650 0 0
HEARTLAND PMT SYS INC COM COM 42235N108 3,954 41,695 SH   SOLE   41,695 0 0
HERTZ GLOBAL HOLDINGS INC COM COM 42805T105 1,460 102,611 SH   SOLE   102,611 0 0
HUMANA INC COM COM 444859102 2,276 12,750 SH   SOLE   12,750 0 0
INTEL CORP 3.25% 8/1/39 144A CONVERTIBLE BOND 458140AF7 291 175,000 PRN   SOLE   175,000 0 0
INTERACTIVE BROKERS COM 45841N107 1,482 34,000 SH   SOLE   34,000 0 0
INTERNAP NETWORK SVCS CORP COM COM 45885A300 977 152,638 SH   SOLE   152,638 0 0
INTERNATIONAL GAME TECH PLC SH COM G4863A108 1,443 89,187 SH   SOLE   89,187 0 0
INTERPUBLIC GROUP COS INC COM 460690100 321 13,800 SH   SOLE   13,800 0 0
INTERXION HOLDING N.V SHS COM N47279109 1,634 54,200 SH   SOLE   54,200 0 0
JARDEN CORPORATION COM 471109108 3,716 65,049 SH   SOLE   65,049 0 0
JIAYUAN COM INTL LTD SPONSORED COM 477374102 487 65,359 SH   SOLE   65,359 0 0
JOURNAL MEDIA GROUP INC COM COM 48114A109 803 66,774 SH   SOLE   66,774 0 0
KEURIG GREEN MTN INC COM COM 49271M100 28,524 317,004 SH   SOLE   317,004 0 0
KIMBALL ELECTRONICS INC COM COM 49428J109 584 53,169 SH   SOLE   53,169 0 0
KIMBALL INTL INC CL B COM 494274103 660 67,559 SH   SOLE   67,559 0 0
KINDER MORGAN INC WT EXP 05/25 WARRANT AND RIGH 49456B119 14 232,081 SH   SOLE   232,081 0 0
KING DIGITAL ENTMT PLC ORD SHS COM G5258J109 15,655 875,569 SH   SOLE   875,569 0 0
KKR & CO. L.P COM 48248M102 1,877 120,410 SH   SOLE   120,410 0 0
KLA TENCOR CORP COM 482480100 11,651 168,000 SH   SOLE   168,000 0 0
LENNAR B SHARES COM 526057302 7,755 193,018 SH   SOLE   193,018 0 0
LIBERATOR MEDICAL HLDGS INC CO COM 53012L108 1,321 395,447 SH   SOLE   395,447 0 0
LIBERTY TRIPADVISOR HLDG-A COM 531465102 556 18,338 SH   SOLE   18,338 0 0
LIBERTY VENTURES SER A COM 53071M880 859 19,048 SH   SOLE   19,048 0 0
LILLY, ELI AND COMPANY COM 532457108 1,095 13,000 SH   SOLE   13,000 0 0
LORAL SPACE & COMMUNICATNS ICO COM 543881106 1,535 37,704 SH   SOLE   37,704 0 0
MALLINCKRODT PUB LTD CO SHS COM G5785G107 336 4,500 SH   SOLE   4,500 0 0
MEAD JOHNSON COM 582839106 790 10,000 SH   SOLE   10,000 0 0
MEDASSETS INC COM 584045108 5,125 165,643 SH   SOLE   165,643 0 0
MEDIA GEN INC NEW COM COM 58441K100 4,195 259,734 SH   SOLE   259,734 0 0
MEREDITH CORP COM 589433101 955 22,076 SH   SOLE   22,076 0 0
MIC 2.875% 07/15/19 CORPORATE BONDS 55608BAA3 365 325,000 PRN   SOLE   325,000 0 0
MICROSOFT CORP COM 594918104 555 10,000 SH   SOLE   10,000 0 0
MINDRAY MEDICAL INTL LTD SPON COM 602675100 271 10,000 SH   SOLE   10,000 0 0
MONDELEZ INTERNATIONAL COM 609207105 583 13,000 SH   SOLE   13,000 0 0
MORGANS HOTEL GROUP CO COM COM 61748W108 1,349 400,372 SH   SOLE   400,372 0 0
MYLAN N V ORD SHARES COM N59465109 2,665 49,296 SH   SOLE   49,296 0 0
NATIONAL FUEL GAS CO N J COM COM 636180101 363 8,500 SH   SOLE   8,500 0 0
NATIONAL INTERSTATE CORP COM COM 63654U100 1,952 73,121 SH   SOLE   73,121 0 0
NATIONAL PENN BANCSHARES INCCO COM 637138108 2,420 196,282 SH   SOLE   196,282 0 0
NAVISTAR INTL CORP COM COM 63934E108 121 13,700 SH   SOLE   13,700 0 0
NEOGENOMICS INC COM NEW COM 64049M209 157 20,000 SH   SOLE   20,000 0 0
NEWMONT MINING CORP HOLDING CO COM 651639106 180 10,000 SH   SOLE   10,000 0 0
NTELOS HLDGS CORP COM NEW COM 67020Q305 1,363 149,103 SH   SOLE   149,103 0 0
OCATA THERAPEUTICS INC COM COM 67457L100 2,190 260,106 SH   SOLE   260,106 0 0
OFFICE DEPOT INC COM 676220106 3,796 673,109 SH   SOLE   673,109 0 0
OPKO HEALTH INC COM COM 68375N103 101 10,000 SH   SOLE   10,000 0 0
PARTNERRE LTD COM COM G6852T105 33,282 238,173 SH   SOLE   238,173 0 0
PEP BOYS MANNY MOE & JACK COM 713278109 2,584 140,357 SH   SOLE   140,357 0 0
PEPCO HLDGS INC COM COM 713291102 10,594 407,302 SH   SOLE   407,302 0 0
PEPSICO INC COM 713448108 999 10,000 SH   SOLE   10,000 0 0
PIEDMONT NAT GAS INC COM COM 720186105 3,983 69,850 SH   SOLE   69,850 0 0
PINNACLE ENTMT INC COM COM 723456109 2,356 75,698 SH   SOLE   75,698 0 0
PMC-SIERRA INC COM COM 69344F106 15,300 1,316,674 SH   SOLE   1,316,674 0 0
PNC FINANCIAL CORP COM 693475105 381 4,000 SH   SOLE   4,000 0 0
POST HOLDINGS INC COM 737446104 926 15,000 SH   SOLE   15,000 0 0
PRECISION CASTPARTS CORP COM 740189105 43,335 186,779 SH   SOLE   186,779 0 0
REALD INC COM 75604L105 1,543 146,234 SH   SOLE   146,234 0 0
RITE AID CORP COM COM 767754104 8,169 1,041,930 SH   SOLE   1,041,930 0 0
RYMAN HOSPITALITY PPTYS INC CO COM 78377T107 945 18,295 SH   SOLE   18,295 0 0
SANDISK CORP COM COM 80004C101 2,127 27,990 SH   SOLE   27,990 0 0
SMITH & NEPHEW P L C ADR SPONS COM 83175M205 570 16,000 SH   SOLE   16,000 0 0
SNYDERS LANCE INC COM COM 833551104 703 20,500 SH   SOLE   20,500 0 0
SOLARWINDS INC COM COM 83416B109 14,260 242,111 SH   SOLE   242,111 0 0
SOLERA HOLDINGS INC COM COM 83421A104 23,116 421,591 SH   SOLE   421,591 0 0
SONY CORP-ADR (B:SNE US) COM 835699307 664 27,000 SH   SOLE   27,000 0 0
STANCORP FINL GROUP INC COM COM 852891100 9,030 79,295 SH   SOLE   79,295 0 0
STARWOOD HOTELS & RESORTS WRLD COM 85590A401 939 13,550 SH   SOLE   13,550 0 0
SYMETRA FINL CORP COM COM 87151Q106 5,960 187,608 SH   SOLE   187,608 0 0
SYNCHRONOSS TECHNOLOGIES INCCO COM 87157B103 628 17,814 SH   SOLE   17,814 0 0
TECO ENERGY INC COM COM 872375100 4,702 176,423 SH   SOLE   176,423 0 0
TELECOMMUNICATION SYS INC CL A COM 87929J103 1,000 201,119 SH   SOLE   201,119 0 0
TELEPHONE & DATA SYS COM 879433829 406 15,700 SH   SOLE   15,700 0 0
TESLA MOTORS 1.250% 03/1/21 CONVERTIBLE BOND 88160RAC5 460 500,000 PRN   SOLE   500,000 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 284 2,000 SH   SOLE   2,000 0 0
TIME WARNER CABLE INC COM COM 88732J207 37,239 200,650 SH   SOLE   200,650 0 0
TWENTY FIRST CENTY FOX B COM 90130A200 362 13,300 SH   SOLE   13,300 0 0
T-MOBILE US INC COM 872590104 3,875 99,049 SH   SOLE   99,049 0 0
UNITED STATES CELLULAR CORP COM 911684108 347 8,500 SH   SOLE   8,500 0 0
UNIVERSAL AMERICAN CORP COM 91338E101 356 50,845 SH   SOLE   50,845 0 0
UTI WORLDWIDE INC ORD COM G87210103 3,787 538,750 SH   SOLE   538,750 0 0
VERIZON COMMUNICATIONS COM 92343V104 835 18,068 SH   SOLE   18,068 0 0
VIACOM INC NEW CL A COM 92553P102 453 10,300 SH   SOLE   10,300 0 0
VIMPELCOM LTD-SPON ADR-W/I COM 92719A106 39 12,000 SH   SOLE   12,000 0 0
VIVINT SOLAR INC COM COM 92854Q106 226 23,667 SH   SOLE   23,667 0 0
WAUSAU PAPER CORP COM 943315101 2,043 199,741 SH   SOLE   199,741 0 0
WEATHERFORD INTERNATIONAL PLC COM G48833100 143 17,000 SH   SOLE   17,000 0 0
WEATHERFORD INTERNATIONAL PLC COM G48833950 160 200 SH Put SOLE   0 0 0
WELLS FARGO CV PFD L 7.500% CONVERTIBLE PREF 949746804 203 175 SH   SOLE   175 0 0
WELLS FARGO & CO NEW COM 949746101 4,444 81,743 SH   SOLE   81,743 0 0
WESCO AIRCRAFT HLDGS INC COM COM 950814103 502 41,960 SH   SOLE   41,960 0 0
WESTAR ENERGY INC COM 95709T100 254 6,000 SH   SOLE   6,000 0 0
WESTROCK CO COM COM 96145D105 903 19,800 SH   SOLE   19,800 0 0
WRIGHT MEDICAL GROUP INC-CVR 3 WARRANT AND RIGH 98235T115 0 23,569 SH   SOLE   23,569 0 0
YAHOO INC. COM 984332106 7,934 238,544 SH   SOLE   238,544 0 0
YELP INC CL A COM 985817105 774 26,892 SH   SOLE   26,892 0 0
YOUKU COM INC SPONSORED ADR COM 98742U100 6,032 222,325 SH   SOLE   222,325 0 0