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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United States Steel Corp</name>
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        <name>FRONTIER COMMUNICATIONS</name>
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      <invstOrSec>
        <name>BEACON ROOFING SUPPLY IN</name>
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        <title>Beacon Roofing Supply Inc</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ALTENERGY ACQUISITION CORP-A</name>
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          <isin value="US02157M1163"/>
          <ticker value="AEAEW"/>
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        <valUSD>17.76000000</valUSD>
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        <fairValLevel>1</fairValLevel>
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            <unrealizedAppr>-70.46000000</unrealizedAppr>
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      <invstOrSec>
        <name>H&amp;E EQUIPMENT SERVICES</name>
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        <name>Tavia Acquisition Corp</name>
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        <title>Tavia Acquisition Corp</title>
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        <name>Spark I Acquisition Corp</name>
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        <name>Vine Hill Capital Investment C</name>
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        <name>RMG ACQUISITION CORP III -A</name>
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        <name>J.P. MORGAN SECURITIES LLC</name>
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        <name>IB Acquisition Corp</name>
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        <name>Haymaker Acquisition Corp 4</name>
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          <other otherDesc="SEDOL" value="BQHN6V6"/>
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        <name>CASTLELAKE AVIATION FIN</name>
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        <name>ClimateRock</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Mountain Lake Acquisition Corp</name>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Stellar V Capital Corp</name>
        <lei>N/A</lei>
        <title>Stellar V Capital Corp</title>
        <cusip>000000000</cusip>
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          <isin value="KYG8475V1297"/>
          <ticker value="SVCCU"/>
          <other otherDesc="SEDOL" value="BP94289"/>
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        <balance>1727.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17477.24000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Bayview Acquisition Corp</name>
        <lei>N/A</lei>
        <title>Bayview Acquisition Corp</title>
        <cusip>07323B118</cusip>
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          <isin value="KY07323B1189"/>
          <ticker value="BAYAR"/>
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        <balance>2923.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>548.06000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Black Spade Acquisition II Co</name>
        <lei>N/A</lei>
        <title>Black Spade Acquisition II Co</title>
        <cusip>000000000</cusip>
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          <isin value="KYG1153L1095"/>
          <ticker value="BSII"/>
          <other otherDesc="SEDOL" value="BTCLCK7"/>
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        <balance>2511.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25486.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>IRON HORSE ACQUISITIONS CORP</name>
        <lei>5493000JDZP9ZR3A1A41</lei>
        <title>Iron Horse Acquisitions Corp</title>
        <cusip>462837113</cusip>
        <identifiers>
          <isin value="US4628371134"/>
          <ticker value="IROHW"/>
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        <balance>2326.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>65.36000000</valUSD>
        <pctVal>0.000268657703</pctVal>
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        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>IRON HORSE ACQUISITIONS CORP</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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                <issuerName>Iron Horse Acquisitions Corp</issuerName>
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                  <cusip value="462837105"/>
                  <isin value="US4628371050"/>
                  <ticker value="IROH"/>
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            </descRefInstrmnt>
            <shareNo>1.00000000</shareNo>
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            <expDt>2029-02-16</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-4.98000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bukit Jalil Global Acquisition</name>
        <lei>N/A</lei>
        <title>Bukit Jalil Global Acquisition 1 Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="KYG1676M1217"/>
          <ticker value="BUJAR"/>
          <other otherDesc="SEDOL" value="BPG46F7"/>
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        <balance>1480.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>384.65000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>H&amp;E Equipment Services Inc</name>
        <lei>254900KVLRCDMQRYY541</lei>
        <title>H&amp;E Equipment Services Inc</title>
        <cusip>404030108</cusip>
        <identifiers>
          <isin value="US4040301081"/>
          <ticker value="HEES"/>
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        <balance>3192.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>302569.68000000</valUSD>
        <pctVal>1.243691485210</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Black Hawk Acquisition Corp</name>
        <lei>N/A</lei>
        <title>Black Hawk Acquisition Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG1148A1013"/>
          <ticker value="BKHA"/>
          <other otherDesc="SEDOL" value="BM8HRL6"/>
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        <balance>609.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6418.86000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TARGET GLOBAL ACQUISITION -A</name>
        <lei>N/A</lei>
        <title>Target Global Acquisition I Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG8675N1253"/>
          <ticker value="TGAWF"/>
          <other otherDesc="SEDOL" value="BN71K06"/>
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        <balance>1600.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>32.16000000</valUSD>
        <pctVal>0.000132191428</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>TARGET GLOBAL ACQUISITION -A</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Target Global Acquisition I Corp</issuerName>
                <issueTitle>TARGET GLOBAL ACQUISITION -A</issueTitle>
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                  <cusip value="000000000"/>
                  <isin value="KYG8675N1097"/>
                  <ticker value="TGAAF"/>
                  <other otherDesc="SEDOL" value="BN6M475"/>
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            <shareNo>1.00000000</shareNo>
            <exercisePrice>11.50000000</exercisePrice>
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            <expDt>2027-12-31</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-884.64000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Graf Global Corp</name>
        <lei>N/A</lei>
        <title>Graf Global Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG4036C1069"/>
          <ticker value="GRAF"/>
          <other otherDesc="SEDOL" value="BLFK5J5"/>
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        <balance>2405.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24603.15000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INTERCONTINENTAL EXCHANGE, INC.</name>
        <lei>5493000F4ZO33MV32P92</lei>
        <title>AMCOR PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="AMCR 4 C12"/>
          <other otherDesc="ID_BB_GLOBAL" value="BBG01P8CRMG3"/>
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        <balance>29.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>217.50000000</valUSD>
        <pctVal>0.000894018521</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>INTERCONTINENTAL EXCHANGE, INC.</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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                <issuerName>Amcor PLC</issuerName>
                <issueTitle>Amcor PLC</issueTitle>
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            <shareNo>100.00000000</shareNo>
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            <unrealizedAppr>-653.06000000</unrealizedAppr>
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      <invstOrSec>
        <name>GOLDMAN SACHS &amp; CO. LLC</name>
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        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="N/A"/>
          <other otherDesc="INTERNAL" value="AUUL66M1HJGROAWNL8DYAAAIA"/>
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        <balance>1.00000000</balance>
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        <valUSD>245.74000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>GOLDMAN SACHS &amp; CO. LLC</counterpartyName>
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            <settlementDt>2025-04-17</settlementDt>
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      <invstOrSec>
        <name>Frontier Communications Parent</name>
        <lei>N/A</lei>
        <title>Frontier Communications Parent Inc</title>
        <cusip>35909D109</cusip>
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          <isin value="US35909D1090"/>
          <ticker value="FYBR"/>
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        <balance>13796.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>494724.56000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Gamehaus Holdings Inc</name>
        <lei>N/A</lei>
        <title>Gamehaus Holdings Inc</title>
        <cusip>000000000</cusip>
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          <isin value="KYG3731B1086"/>
          <ticker value="GMHS"/>
          <other otherDesc="SEDOL" value="BNTGHP3"/>
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        <balance>292.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>528.52000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PERSHING TONTINE SPAR</name>
        <lei>N/A</lei>
        <title>PERSHING TONTINE SPAR</title>
        <cusip>000000000</cusip>
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          <other otherDesc="INTERNAL" value="714920113"/>
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        <balance>1848.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>831.60000000</valUSD>
        <pctVal>0.003418233575</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ECARX HOLDINGS INC-CL A</name>
        <lei>N/A</lei>
        <title>ECARX Holdings Inc</title>
        <cusip>000000000</cusip>
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          <isin value="KYG292011114"/>
          <ticker value="ECXWW"/>
          <other otherDesc="SEDOL" value="BMC8K05"/>
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        <balance>1150.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>52.44000000</valUSD>
        <pctVal>0.000215550948</pctVal>
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        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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                <issuerName>Fact II Acquisition Corp</issuerName>
                <issueTitle>FACT II ACQUISITION CORP</issueTitle>
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                  <isin value="KYG329011038"/>
                  <ticker value="ECX"/>
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            <shareNo>1.00000000</shareNo>
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            <unrealizedAppr>-17.02000000</unrealizedAppr>
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      <invstOrSec>
        <name>Syniverse Holdings Inc.</name>
        <lei>549300CYZBHMZC8VLL59</lei>
        <title>Syniverse Holdings LLC/DE</title>
        <cusip>87168TAB7</cusip>
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          <isin value="US87168TAB70"/>
          <other otherDesc="INTERNAL" value="BL3907625"/>
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        <balance>68250.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>66848.15000000</valUSD>
        <pctVal>0.274774640198</pctVal>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-13</maturityDt>
          <couponKind>Floating</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Aifeex Nexus Acquisition Corp</name>
        <lei>N/A</lei>
        <title>Aifeex Nexus Acquisition Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG8089R1267"/>
          <ticker value="AIFEU"/>
          <other otherDesc="SEDOL" value="BP0RCQ5"/>
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        <balance>5037.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>51478.14000000</valUSD>
        <pctVal>0.211597290225</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INHIBRX INC</name>
        <lei>N/A</lei>
        <title>INHIBRX INC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="INBX"/>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Altaba Inc Escrow</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>GOLDMAN SACHS &amp; CO. LLC</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>NEWBURY STREET ACQUISITION C</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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            <putOrCall>Call</putOrCall>
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      <invstOrSec>
        <name>PYROPHYTE ACQUISITION CORP-A</name>
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        <balance>1066.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DYE &amp; DURHAM LIMITED</name>
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          <isin value="CA267488AA22"/>
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        <balance>732000.00000000</balance>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>Dye &amp; Durham Ltd</name>
              <title>DYE &amp; DURHAM LTD</title>
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            <currencyInfo convRatio="13.65650000" curCd="CAD"/>
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          <delta>XXXX</delta>
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      <invstOrSec>
        <name>ALCHEMY INVESTMENTS ACQUISIT</name>
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          <isin value="KYG0232F1330"/>
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          <other otherDesc="SEDOL" value="BRT74V9"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ALLURION TECHNOLOGIES INC</name>
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        <title>Allurion Technologies Inc</title>
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        <name>MOVELLA HOLDINGS INC</name>
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        <title>Movella Holdings Inc</title>
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      <invstOrSec>
        <name>Cayson Acquisition Corp</name>
        <lei>N/A</lei>
        <title>Cayson Acquisition Corp</title>
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      <invstOrSec>
        <name>GCI LIBERTY INC</name>
        <lei>N/A</lei>
        <title>GCI LIBERTY INC ESCROW SHARE</title>
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          <ticker value="GLIBA"/>
          <other otherDesc="INTERNAL" value="361ESC049"/>
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        <balance>1015.00000000</balance>
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        <fairValLevel>3</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>BRISTOL-MYERS SQUIBB CO</name>
        <lei>N/A</lei>
        <title>BRISTOL-MYERS SQUIBB CO</title>
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          <other otherDesc="INTERNAL" value="110122157CLAIM"/>
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        <balance>6945.00000000</balance>
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        <fairValLevel>3</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>ILEARNINGENGINES INC</name>
        <lei>N/A</lei>
        <title>iLearningEngines Holdings Inc</title>
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          <isin value="US45175Q1141"/>
          <ticker value="AILWQ"/>
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        <balance>5381.00000000</balance>
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        <valUSD>1.08000000</valUSD>
        <pctVal>0.000004439264</pctVal>
        <payoffProfile>N/A</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
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        <name>Discover Financial Services</name>
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        <name>Enfusion Inc</name>
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      <invstOrSec>
        <name>PERMIAN RESOURC OPTG LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Willow Lane Acquisition Corp</name>
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          <isin value="KYG9675P1028"/>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>NewHold Investment Corp III</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GOLDMAN SACHS &amp; CO. LLC</name>
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        <name>BUZZFEED INC</name>
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        <name>Cantor Equity Partners I Inc</name>
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      <invstOrSec>
        <name>ISRAEL ACQUISITIONS CORP-A</name>
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        <name>Comcast Corp</name>
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      <invstOrSec>
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        <fairValLevel>1</fairValLevel>
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        <name>Kellanova</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Juniper Networks Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>GOLDMAN SACHS &amp; CO. LLC</counterpartyName>
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        <name>Andretti Acquisition Corp II</name>
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          <isin value="KYG267451022"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Berry Global Group Inc</name>
        <lei>549300G6KKUMMXM8NH73</lei>
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          <ticker value="BERY"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CARTESIAN GROWTH CORP II- A</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ACROPOLIS INFRASTRUCTURE CVR</name>
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          <other otherDesc="INTERNAL" value="005ESC017"/>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>ZEO ENERGY CORP</name>
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        <title>Zeo Energy Corp</title>
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        <fairValLevel>1</fairValLevel>
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        <name>CI Financial Corp</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Omnicom Group Inc</name>
        <lei>HKUPACFHSSASQK8HLS17</lei>
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        <name>WILLOW LANE ACQUISITION-CL A</name>
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        <name>GOLDMAN SACHS &amp; CO. LLC</name>
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        <fairValLevel>2</fairValLevel>
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        </derivativeInfo>
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      <invstOrSec>
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        <fairValLevel>1</fairValLevel>
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            <putOrCall>Call</putOrCall>
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      <invstOrSec>
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        <fairValLevel>1</fairValLevel>
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        <name>Interpublic Group of Cos Inc/T</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
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      <invstOrSec>
        <name>BIG RIVER STEEL/BRS FIN</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Centurion Acquisition Corp</name>
        <lei>N/A</lei>
        <title>Centurion Acquisition Corp</title>
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          <isin value="KYG203151009"/>
          <ticker value="ALF"/>
          <other otherDesc="SEDOL" value="BRQQ215"/>
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        <balance>5541.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>57072.30000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AZEK Co Inc/The</name>
        <lei>5493002LDDDU1RX46815</lei>
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        <cusip>05478C105</cusip>
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          <isin value="US05478C1053"/>
          <ticker value="AZEK"/>
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        <balance>7197.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ABIOMED Inc</name>
        <lei>N/A</lei>
        <title>ABIOMED Inc</title>
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          <ticker value="2223637D"/>
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        <balance>814.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1465.20000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FREIGHTOS LTD</name>
        <lei>N/A</lei>
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          <ticker value="CRGOW"/>
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        <assetCat>DE</assetCat>
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        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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            <putOrCall>Call</putOrCall>
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                <issuerName>Freightos Ltd</issuerName>
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            <unrealizedAppr>-258.36000000</unrealizedAppr>
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      <invstOrSec>
        <name>KEEN VISION ACQUISITION CORP</name>
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      <invstOrSec>
        <name>GOLDMAN SACHS &amp; CO. LLC</name>
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      <invstOrSec>
        <name>ANDRETTI ACQUISITION CORP -A</name>
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      <invstOrSec>
        <name>Sandy Spring Bancorp Inc</name>
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      <invstOrSec>
        <name>Dt Cloud Acquisition Corp</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Spirit Aerosystems Inc</name>
        <lei>ZD2NBKV6GCC3UMGBM518</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SLAM CORP-A</name>
        <lei>N/A</lei>
        <title>Slam Corp</title>
        <cusip>000000000</cusip>
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        <balance>709.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>99.33000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>SLAM CORP-A</counterpartyName>
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            <putOrCall>Call</putOrCall>
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                <issuerName>Slam Corp</issuerName>
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            <shareNo>1.00000000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>-7.02000000</unrealizedAppr>
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        </derivativeInfo>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Live Oak Acquisition Corp V</name>
        <lei>N/A</lei>
        <title>Live Oak Acquisition Corp V</title>
        <cusip>000000000</cusip>
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          <isin value="KYG5509P1283"/>
          <ticker value="LOKVU"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>WHOLE EARTH BRANDS INC</name>
        <lei>254900OFCJ8P8RM9SL35</lei>
        <title>Whole Earth Brands Inc</title>
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          <isin value="US96684W1264"/>
          <ticker value="FREEW"/>
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        <balance>1756.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="WAR">
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              <counterpartyName>WHOLE EARTH BRANDS INC</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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                <issuerName>Whole Earth Brands Inc</issuerName>
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                  <ticker value="FREE"/>
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            <delta>XXXX</delta>
            <unrealizedAppr>-2370.60000000</unrealizedAppr>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CERO THERAPEUTICS HOLDINGS I</name>
        <lei>N/A</lei>
        <title>CERo Therapeutics Holdings Inc</title>
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          <isin value="US71902K1135"/>
          <ticker value="CEROW"/>
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        <balance>859.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>CERO THERAPEUTICS HOLDINGS I</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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              <otherRefInst>
                <issuerName>Phoenix Biotech Acquisition Corp</issuerName>
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                  <cusip value="71902K105"/>
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                  <ticker value="PBAX"/>
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            <shareNo>1.00000000</shareNo>
            <exercisePrice>1150.00000000</exercisePrice>
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            <expDt>2029-02-14</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-35.46000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Bukit Jalil Global Acquisition</name>
        <lei>N/A</lei>
        <title>Bukit Jalil Global Acquisition 1 Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="KYG1676M1050"/>
          <ticker value="BUJA"/>
          <other otherDesc="SEDOL" value="BPG7CC5"/>
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        <balance>2764.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UY Scuti Acquisition Corp</name>
        <lei>N/A</lei>
        <title>UY Scuti Acquisition Corp</title>
        <cusip>000000000</cusip>
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          <isin value="KYG93Y0A1201"/>
          <ticker value="UYSCU"/>
          <other otherDesc="SEDOL" value="BS9GFF4"/>
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        <balance>865.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8697.58000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS &amp; CO. LLC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
        <title>USD/EUR FORWARD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="N/A"/>
          <other otherDesc="INTERNAL" value="AUUWXHTGOMATY64B7KL874YJQ"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-3595.44000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>GOLDMAN SACHS &amp; CO. LLC</counterpartyName>
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            <amtCurSold>-131378.00000000</amtCurSold>
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            <amtCurPur>138647.46000000</amtCurPur>
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            <settlementDt>2025-04-24</settlementDt>
            <unrealizedAppr>-3595.44000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALUMET SPECIALTY PROD</name>
        <lei>N/A</lei>
        <title>Calumet Specialty Products Partners LP / Calumet Finance Corp</title>
        <cusip>131477AY7</cusip>
        <identifiers>
          <isin value="US131477AY72"/>
          <other otherDesc="SEDOL" value="BM9FM69"/>
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        <balance>633000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>634509.07000000</valUSD>
        <pctVal>2.608105107055</pctVal>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Berkshire Hills Bancorp Inc</name>
        <lei>549300AS2OC6UMMBNO37</lei>
        <title>Berkshire Hills Bancorp Inc</title>
        <cusip>084680107</cusip>
        <identifiers>
          <isin value="US0846801076"/>
          <ticker value="BHLB"/>
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        <balance>-612.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-15967.08000000</valUSD>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MONEYLION INC</name>
        <lei>N/A</lei>
        <title>MONEYLION INC</title>
        <cusip>60938K304</cusip>
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          <isin value="US60938K3041"/>
          <ticker value="ML"/>
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        <balance>2322.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>200876.22000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LAUNCH TWO ACQUISITION- CL A</name>
        <lei>N/A</lei>
        <title>Launch Two Acquisition Corp</title>
        <cusip>000000000</cusip>
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          <isin value="KYG5S87A1131"/>
          <ticker value="LPBBW"/>
          <other otherDesc="SEDOL" value="BP0RCN2"/>
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        <balance>1573.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>330.49000000</valUSD>
        <pctVal>0.001358456005</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>LAUNCH TWO ACQUISITION- CL A</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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                <issuerName>Launch Two Acquisition Corp</issuerName>
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            <shareNo>1.00000000</shareNo>
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            <delta>XXXX</delta>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nokia Oyj</name>
        <lei>549300A0JPRWG1KI7U06</lei>
        <title>Nokia Oyj</title>
        <cusip>654902204</cusip>
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          <isin value="US6549022043"/>
          <ticker value="NOK"/>
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        <balance>1755.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9248.85000000</valUSD>
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        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Gesher Acquisition Corp II</name>
        <lei>N/A</lei>
        <title>Gesher Acquisition Corp II</title>
        <cusip>000000000</cusip>
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          <isin value="KYG3852D1236"/>
          <ticker value="GSHRU"/>
          <other otherDesc="SEDOL" value="BQLQWK2"/>
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        <balance>2082.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20882.46000000</valUSD>
        <pctVal>0.085835889743</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BEACON ROOFING SUPPLY IN</name>
        <lei>549300HDXQWWCBOYXP31</lei>
        <title>Beacon Roofing Supply Inc</title>
        <cusip>073685AK5</cusip>
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          <isin value="US073685AK54"/>
          <other otherDesc="SEDOL" value="BR1W887"/>
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        <balance>41000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>43130.03000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>ChampionX Corp</name>
        <lei>549300EP2909K6DYYP38</lei>
        <title>ChampionX Corp</title>
        <cusip>15872M104</cusip>
        <identifiers>
          <isin value="US15872M1045"/>
          <ticker value="CHX"/>
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        <balance>39614.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1180497.20000000</valUSD>
        <pctVal>4.852351088038</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nabors Energy Transition Corp</name>
        <lei>N/A</lei>
        <title>Nabors Energy Transition Corp II</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG6363K1067"/>
          <ticker value="NETD"/>
          <other otherDesc="SEDOL" value="BMTYXX0"/>
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        <balance>9086.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>99491.70000000</valUSD>
        <pctVal>0.408953666934</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CENTURION ACQUISITION CORP</name>
        <lei>N/A</lei>
        <title>Centurion Acquisition Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG203151181"/>
          <ticker value="ALFUW"/>
          <other otherDesc="SEDOL" value="BRRCZM4"/>
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        <balance>626.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>93.90000000</valUSD>
        <pctVal>0.000385969375</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>CENTURION ACQUISITION CORP</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
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                <issuerName>Centurion Acquisition Corp</issuerName>
                <issueTitle>CENTURION ACQUISITION CORP</issueTitle>
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                  <isin value="KYG203151009"/>
                  <ticker value="ALF"/>
                  <other otherDesc="SEDOL" value="BRQQ215"/>
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            <shareNo>1.00000000</shareNo>
            <exercisePrice>11.50000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2029-08-01</expDt>
            <delta>XXXX</delta>
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        <name>GOLDMAN SACHS &amp; CO. LLC</name>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>GOLDMAN SACHS &amp; CO. LLC</counterpartyName>
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      <invstOrSec>
        <name>Ai Transportation Acquisition</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Quetta Acquisition Corp</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Voyager Acquisition Corp</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BRIDGER AEROSPACE GROUP HOLD</name>
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        <fairValLevel>1</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="WAR">
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            <putOrCall>Call</putOrCall>
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      <invstOrSec>
        <name>Newbury Street II Acquisition</name>
        <lei>N/A</lei>
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          <isin value="KYG6439S1093"/>
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          <other otherDesc="SEDOL" value="BL0NXY0"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>A SPAC III Acquisition Corp</name>
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          <isin value="VGG0544A1030"/>
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        <invCountry>HK</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Agriculture &amp; Natural Solution</name>
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          <isin value="KYG0131Y1008"/>
          <ticker value="ANSC"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SK Growth Opportunities Corp</name>
        <lei>N/A</lei>
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          <isin value="KYG8192N1034"/>
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          <other otherDesc="SEDOL" value="BNG9CR2"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Launch Two Acquisition Corp</name>
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          <isin value="KYG5S87A1057"/>
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          <other otherDesc="SEDOL" value="BP0RCM1"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>CORNER GROWTH ACQUISITION-A</name>
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          <isin value="KYG2425N1135"/>
          <ticker value="COOLW"/>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>GOLDMAN SACHS &amp; CO. LLC</name>
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        <name>SIM Acquisition Corp I</name>
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          <isin value="KYG8431T1013"/>
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        <name>Black Hawk Acquisition Corp</name>
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        <title>Black Hawk Acquisition Corp</title>
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      <invstOrSec>
        <name>Gen Digital Inc</name>
        <lei>YF6ZV0M6AU4FY94MK914</lei>
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      <invstOrSec>
        <name>Roman DBDR Acquisition Corp II</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Pyrophyte Acquisition Corp</name>
        <lei>N/A</lei>
        <title>Pyrophyte Acquisition Corp</title>
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          <other otherDesc="SEDOL" value="BPQGBC5"/>
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        <balance>4981.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ZALATORIS ACQUISITION CORP</name>
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        <title>ZALATORIS ACQUISITION CORP</title>
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          <other otherDesc="INTERNAL" value="893ESC012"/>
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        <balance>3001.00000000</balance>
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        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GETAROUND INC</name>
        <lei>N/A</lei>
        <title>Getaround Inc</title>
        <cusip>37427G119</cusip>
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          <isin value="US37427G1195"/>
          <ticker value="GETRW"/>
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        <balance>179.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>N/A</payoffProfile>
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        <fairValLevel>1</fairValLevel>
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            <putOrCall>Call</putOrCall>
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        <name>Goldman Sachs Financial Square Government Fund</name>
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        <fairValLevel>1</fairValLevel>
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        <name>GOL FINANCE SA</name>
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        <name>Goldman Sachs Financial Square Funds - Treasury Instruments Fund</name>
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        <fairValLevel>1</fairValLevel>
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        <name>DT Cloud Star Acquisition Corp</name>
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        <name>Spring Valley Acquisition Corp</name>
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        <name>Iron Horse Acquisitions Corp</name>
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        <name>J.P. MORGAN SECURITIES LLC</name>
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        <name>BUKIT JALIL GLOBAL ACQUISITI</name>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>ASSUREDPARTNERS INC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Intra-Cellular Therapies Inc</name>
        <lei>5299002U2KGF193IJA20</lei>
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          <ticker value="ITCI"/>
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        <balance>4302.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Aimei Health Technology Co Ltd</name>
        <lei>N/A</lei>
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          <isin value="KYG013411338"/>
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        <balance>3362.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PERSHING SQUARE ESCROW</name>
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          <other otherDesc="INTERNAL" value="715ESC018"/>
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        <balance>7392.00000000</balance>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>ZAPP ELECTRIC VEHICLES GROUP</name>
        <lei>N/A</lei>
        <title>Zapp Electric Vehicles Group Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="KYG9889X1152"/>
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          <other otherDesc="SEDOL" value="BQD1T71"/>
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        <curCd>USD</curCd>
        <valUSD>19.27000000</valUSD>
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        <invCountry>KY</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="WAR">
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              <counterpartyName>ZAPP ELECTRIC VEHICLES GROUP</counterpartyName>
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            <putOrCall>Call</putOrCall>
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                <issuerName>Zapp Electric Vehicles Group Ltd</issuerName>
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            <shareNo>1.00000000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>-128.41000000</unrealizedAppr>
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      <invstOrSec>
        <name>EQV Ventures Acquisition Corp</name>
        <lei>N/A</lei>
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          <isin value="KYG3106N1097"/>
          <ticker value="EQV"/>
          <other otherDesc="SEDOL" value="BRXD5L0"/>
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        <balance>3020.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GROVE COLLABORATIVE HOLDINGS</name>
        <lei>N/A</lei>
        <title>Grove Collaborative Holdings</title>
        <cusip>39957D110</cusip>
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          <isin value="US39957D1101"/>
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        <balance>1063.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>9.67000000</valUSD>
        <pctVal>0.000039747857</pctVal>
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        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>GROVE COLLABORATIVE HOLDINGS</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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                <issuerName>Grove Collaborative Holdings</issuerName>
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            <shareNo>1.00000000</shareNo>
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            <unrealizedAppr>-1100.40000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Direct Selling Acquisition Cor</name>
        <lei>N/A</lei>
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        <cusip>25460L103</cusip>
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          <isin value="US25460L1035"/>
          <ticker value="DSAQ"/>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GOLDMAN SACHS &amp; CO. LLC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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                <issuerName>Hargreaves Lansdown PLC</issuerName>
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                <identifiers>
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            <swapFlag>Y</swapFlag>
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      <invstOrSec>
        <name>Newbury Street II Acquisition Corp</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>26 CAPITAL ACQUISITION COR-A</name>
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      <invstOrSec>
        <name>TEVOGEN BIO HOLDINGS INC</name>
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        <title>Tevogen Bio Holdings Inc</title>
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      <invstOrSec>
        <name>Amedisys Inc</name>
        <lei>5299001RBS9GK9STN379</lei>
        <title>Amedisys Inc</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bausch &amp; Lomb Corporation</name>
        <lei>549300NY6OZM39SO6475</lei>
        <title>Bausch + Lomb Corp</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>INFINERA CORP</name>
        <lei>549300ZOF66WPV3H0H17</lei>
        <title>Infinera Corp</title>
        <cusip>45667GAG8</cusip>
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          <isin value="US45667GAG82"/>
          <other otherDesc="SEDOL" value="BQ1PCG5"/>
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        <balance>152000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>193876.00000000</valUSD>
        <pctVal>0.796913723763</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>N</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>Nokia Oyj</name>
              <title>NOKIA OYJ</title>
              <curCd>USD</curCd>
              <identifiers>
                <cusip value="654902204"/>
                <isin value="US6549022043"/>
                <ticker value="NOK"/>
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            </dbtSecRefInstrument>
          </dbtSecRefInstruments>
          <currencyInfos>
            <currencyInfo convRatio="78.78180000" curCd="USD"/>
          </currencyInfos>
          <delta>XXXX</delta>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Legato Merger Corp III</name>
        <lei>N/A</lei>
        <title>Legato Merger Corp III</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG5451A1031"/>
          <ticker value="LEGT"/>
          <other otherDesc="SEDOL" value="BRBZFX0"/>
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        <balance>4424.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>46407.76000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GSR III Acquisition Corp</name>
        <lei>N/A</lei>
        <title>GSR III Acquisition Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG4R1031312"/>
          <ticker value="GSRTR"/>
          <other otherDesc="SEDOL" value="BS600L0"/>
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        <balance>462.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>679.14000000</valUSD>
        <pctVal>0.002791557419</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jackson Acquisition Co II</name>
        <lei>N/A</lei>
        <title>Jackson Acquisition Co II</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG4992A2012"/>
          <ticker value="JACS/U"/>
          <other otherDesc="SEDOL" value="BPG4F61"/>
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        <balance>10834.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>111481.86000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Brookline Bancorp Inc</name>
        <lei>N/A</lei>
        <title>Brookline Bancorp Inc</title>
        <cusip>11373M107</cusip>
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          <isin value="US11373M1071"/>
          <ticker value="BRKL"/>
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        <balance>1458.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15892.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JPMORGAN CHASE BANK, NATIONAL ASSOCIATION</name>
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        <cusip>000000000</cusip>
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          <other otherDesc="INTERNAL" value="VL_B1VZ0M2 UK-TRS1_29"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1495.76000000</valUSD>
        <pctVal>0.006148216754</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>JPMORGAN CHASE BANK, NATIONAL ASSOCIATION</counterpartyName>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Hargreaves Lansdown PLC</issuerName>
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                <identifiers>
                  <cusip value="000000000"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="N/A" curCd="USD" fixedOrFloating="Fixed" fixedRt="5.08000000"/>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="OVERNIGHT BANK FUNDING RATE" floatingRtSpread="0.00000000" pmntAmt="-39800.69000000">
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                <rtResetTenor rateTenor="Month" rateTenorUnit="3" resetDt="Day" resetDtUnit="1"/>
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            <terminationDt>2025-12-22</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>39800.69000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>1495.76000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Liberty Broadband Corp</name>
        <lei>549300MIX43II8JLN536</lei>
        <title>Liberty Broadband Corp</title>
        <cusip>530307107</cusip>
        <identifiers>
          <isin value="US5303071071"/>
          <ticker value="LBRDA"/>
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        <balance>2051.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>174335.00000000</valUSD>
        <pctVal>0.716591811427</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EVE MOBILITY ACQUISITION C-A</name>
        <lei>N/A</lei>
        <title>EVe Mobility Acquisition Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG3218G1174"/>
          <ticker value="EVE/WS"/>
          <other otherDesc="SEDOL" value="BLD56D3"/>
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        <balance>934.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>EVE MOBILITY ACQUISITION C-A</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>EVe Mobility Acquisition Corp</issuerName>
                <issueTitle>EVE MOBILITY ACQUISITION C-A</issueTitle>
                <identifiers>
                  <cusip value="000000000"/>
                  <isin value="KYG3218G1091"/>
                  <ticker value="EVE"/>
                  <other otherDesc="SEDOL" value="BNHS2D4"/>
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            </descRefInstrmnt>
            <shareNo>1.00000000</shareNo>
            <exercisePrice>11.50000000</exercisePrice>
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            <expDt>2028-12-31</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-65.38000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AKOUOS INC</name>
        <lei>N/A</lei>
        <title>AKOUOS INC</title>
        <cusip>000000000</cusip>
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          <other otherDesc="INTERNAL" value="009CVR036"/>
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        <balance>4144.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3108.00000000</valUSD>
        <pctVal>0.012775216393</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASSUREDPARTNERS INC</name>
        <lei>549300HNDSDQWQ3L2P80</lei>
        <title>AssuredPartners Inc</title>
        <cusip>04624VAB5</cusip>
        <identifiers>
          <isin value="US04624VAB53"/>
          <other otherDesc="SEDOL" value="BM8KSR8"/>
        </identifiers>
        <balance>255000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>254466.08000000</valUSD>
        <pctVal>1.045965005386</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Horizon Space Acquisition I Co</name>
        <lei>N/A</lei>
        <title>Horizon Space Acquisition I Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG4619M1096"/>
          <ticker value="HSPO"/>
          <other otherDesc="SEDOL" value="BP9N0M6"/>
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        <balance>8221.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>98076.53000000</valUSD>
        <pctVal>0.403136709732</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VOYAGER ACQUISITION CORP</name>
        <lei>N/A</lei>
        <title>Voyager Acquisition Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG93A7H1124"/>
          <ticker value="VACHW"/>
          <other otherDesc="SEDOL" value="BRT7YL9"/>
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        <balance>2430.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>383.94000000</valUSD>
        <pctVal>0.001578158488</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>VOYAGER ACQUISITION CORP</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Voyager Acquisition Corp</issuerName>
                <issueTitle>VOYAGER ACQUISITION CORP</issueTitle>
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                  <cusip value="000000000"/>
                  <isin value="KYG93A7H1041"/>
                  <ticker value="VACH"/>
                  <other otherDesc="SEDOL" value="BRT7YJ7"/>
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            <shareNo>1.00000000</shareNo>
            <exercisePrice>11.50000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2031-05-16</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>94.77000000</unrealizedAppr>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SIM ACQUISITION CORP I-A</name>
        <lei>N/A</lei>
        <title>SIM Acquisition Corp I</title>
        <cusip>000000000</cusip>
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          <isin value="KYG8431T1195"/>
          <ticker value="SIMAW"/>
          <other otherDesc="SEDOL" value="BPLQDF7"/>
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        <balance>1902.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>247.45000000</valUSD>
        <pctVal>0.001017125899</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>SIM ACQUISITION CORP I-A</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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                <issuerName>SIM Acquisition Corp I</issuerName>
                <issueTitle>SIM ACQUISITION CORP I-A</issueTitle>
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                  <isin value="KYG8431T1013"/>
                  <ticker value="SIMA"/>
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            <shareNo>1.00000000</shareNo>
            <exercisePrice>11.50000000</exercisePrice>
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            <expDt>2029-08-28</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>39.90000000</unrealizedAppr>
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      <invstOrSec>
        <name>Patterson Cos Inc</name>
        <lei>YM48Q2087CUE26GWEK09</lei>
        <title>Patterson Cos Inc</title>
        <cusip>703395103</cusip>
        <identifiers>
          <isin value="US7033951036"/>
          <ticker value="PDCO"/>
        </identifiers>
        <balance>163.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5092.12000000</valUSD>
        <pctVal>0.020930802735</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>James Hardie Industries PLC</name>
        <lei>635400NSGXKTVOO7JU45</lei>
        <title>James Hardie Industries PLC</title>
        <cusip>47030M106</cusip>
        <identifiers>
          <isin value="US47030M1062"/>
          <ticker value="JHX"/>
        </identifiers>
        <balance>-280.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-6596.80000000</valUSD>
        <pctVal>-0.02711568452</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PSYENCE BIOMEDICAL LTD</name>
        <lei>N/A</lei>
        <title>Psyence Biomedical Ltd</title>
        <cusip>74449F118</cusip>
        <identifiers>
          <isin value="CA74449F1181"/>
          <ticker value="PBMWW"/>
        </identifiers>
        <balance>1097.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>18.54000000</valUSD>
        <pctVal>0.000076207371</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>PSYENCE BIOMEDICAL LTD</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Psyence Biomedical Ltd</issuerName>
                <issueTitle>Psyence Biomedical Ltd</issueTitle>
                <identifiers>
                  <cusip value="74449F100"/>
                  <isin value="CA74449F1009"/>
                  <ticker value="PBM"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1.00000000</shareNo>
            <exercisePrice>862.50000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2029-01-25</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-23.69000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS &amp; CO. LLC</name>
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        <name>Churchill Capital Corp IX</name>
        <lei>N/A</lei>
        <title>Churchill Capital Corp IX</title>
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        <fairValLevel>1</fairValLevel>
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        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EQV VENTURES ACQUISITION C-A</name>
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          <isin value="KYG3106N1170"/>
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        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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            <writtenOrPur>Purchased</writtenOrPur>
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            <delta>XXXX</delta>
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      <invstOrSec>
        <name>ProAssurance Corp</name>
        <lei>54930015E5J57R675E89</lei>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>PACTIV EVERGREEN GROUP</name>
        <lei>N/A</lei>
        <title>Pactiv Evergreen Group Issuer LLC / Pactiv Evergreen Group Issuer Inc</title>
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          <isin value="US69527AAA43"/>
          <other otherDesc="SEDOL" value="BMV1ZP5"/>
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        <balance>204000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>208463.52000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>MCLAREN FINANCE PLC</name>
        <lei>213800BKPDWMWX3GSG36</lei>
        <title>Mclaren Finance PLC</title>
        <cusip>58175LAA8</cusip>
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          <isin value="US58175LAA89"/>
          <other otherDesc="SEDOL" value="BN75S59"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>198250.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>GOLDMAN SACHS &amp; CO. LLC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
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        <fairValLevel>2</fairValLevel>
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                <identifiers>
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      <invstOrSec>
        <name>GOLDMAN SACHS &amp; CO. LLC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
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        <name>GOLDMAN SACHS &amp; CO. LLC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
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                <identifiers>
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        <name>GOLDMAN SACHS &amp; CO. LLC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
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        <name>JPMORGAN CHASE BANK, NATIONAL ASSOCIATION</name>
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              </rtResetTenors>
            </floatingRecDesc>
            <fixedPmntDesc amount="N/A" curCd="USD" fixedOrFloating="Fixed" fixedRt="3.98000000"/>
            <terminationDt>2025-06-02</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>-179821.18000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>21273.03000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS &amp; CO. LLC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
        <title>TRS SPIRENT COMMUNICATIONS PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="VL_0472609 UK-TRS4_7"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>235.78000000</valUSD>
        <pctVal>0.000969157181</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>GOLDMAN SACHS &amp; CO. LLC</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Spirent Communications PLC</issuerName>
                <issueTitle>Spirent Communications PLC</issueTitle>
                <identifiers>
                  <cusip value="000000000"/>
                  <isin value="GB0004726096"/>
                  <ticker value="SPT"/>
                  <other otherDesc="SEDOL" value="0472609"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <fixedRecDesc amount="N/A" curCd="USD" fixedOrFloating="Fixed" fixedRt="4.94000000"/>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="OVERNIGHT BANK FUNDING RATE" floatingRtSpread="0.00000000" pmntAmt="-4201.79000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2025-09-24</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>4201.79000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>235.78000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS &amp; CO. LLC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
        <title>TRS SCHLUMBERGER NV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="VL_2779201-TRS4_20"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-2896.35000000</valUSD>
        <pctVal>-0.01190524388</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>GOLDMAN SACHS &amp; CO. LLC</counterpartyName>
              <counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Schlumberger NV</issuerName>
                <issueTitle>Schlumberger NV</issueTitle>
                <identifiers>
                  <cusip value="806857108"/>
                  <isin value="AN8068571086"/>
                  <ticker value="SLB"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="OVERNIGHT BANK FUNDING RATE" floatingRtSpread="0.00000000" pmntAmt="30604.80000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingRecDesc>
            <fixedPmntDesc amount="N/A" curCd="USD" fixedOrFloating="Fixed" fixedRt="3.98000000"/>
            <terminationDt>2025-06-04</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>-30604.80000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-2896.35000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-05-23</ncom:dateSigned>
      <ncom:nameOfApplicant>Merger Fund VL</ncom:nameOfApplicant>
      <ncom:signature>Amy Hackett</ncom:signature>
      <ncom:signerName>Amy Hackett</ncom:signerName>
      <ncom:title>Vice President and Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
