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<n1:informationTable xmlns:n1="http://www.sec.gov/edgar/document/thirteenf/informationtable">
	<n1:infoTable>
		<n1:nameOfIssuer>ACTIVISION BLIZZARD INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>00507v109</n1:cusip>
		<n1:value>39415</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>684640</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
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		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>684640</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ALBEMARLE CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>012653101</n1:cusip>
		<n1:value>1722</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>16318</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
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		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>16318</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ALPHABET INC</n1:nameOfIssuer>
		<n1:titleOfClass>CAP STK CL C</n1:titleOfClass>
		<n1:cusip>02079K107</n1:cusip>
		<n1:value>209</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>230</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>230</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>AMAZON COM INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>023135106</n1:cusip>
		<n1:value>494</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>510</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>510</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>APOLLO INVT CORP COM</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>03761u106</n1:cusip>
		<n1:value>96</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>15000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
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		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>15000</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>APPLE INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>037833100</n1:cusip>
		<n1:value>1525</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>10586</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
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		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>10586</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>AQUA AMERICA INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>03836W103</n1:cusip>
		<n1:value>445</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>13371</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
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		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>13371</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ARES CAP CORP COM</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>04010L103</n1:cusip>
		<n1:value>591</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>36103</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>36103</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>AT&amp;T INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>00206R102</n1:cusip>
		<n1:value>811</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>21495</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>21495</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>AVIS BUDGET GROUP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>053774105</n1:cusip>
		<n1:value>409</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>15000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>15000</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>BERKSHIRE HATHAWAY INC DEL</n1:nameOfIssuer>
		<n1:titleOfClass>CL A</n1:titleOfClass>
		<n1:cusip>084670108</n1:cusip>
		<n1:value>1528</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>6</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>6</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>BLUCORA INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>095229100</n1:cusip>
		<n1:value>931</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>43910</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>43910</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>BOEING CO</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>097023105</n1:cusip>
		<n1:value>903</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>4564</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>4564</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>BROWN FORMAN CORP</n1:nameOfIssuer>
		<n1:titleOfClass>CL A</n1:titleOfClass>
		<n1:cusip>115637100</n1:cusip>
		<n1:value>125452</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>2544672</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>2544672</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>BROWN FORMAN CORP</n1:nameOfIssuer>
		<n1:titleOfClass>CL B</n1:titleOfClass>
		<n1:cusip>115637209</n1:cusip>
		<n1:value>8257</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>169896</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>169896</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CF INDS HLDGS INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>125269100</n1:cusip>
		<n1:value>336</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>12000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>12000</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>COCA COLA CO</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>191216100</n1:cusip>
		<n1:value>3651</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>81396</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>81396</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CONNECTURE INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>20786J106</n1:cusip>
		<n1:value>36</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>57696</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>57696</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>EAST WEST BANCORP INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>27579R104</n1:cusip>
		<n1:value>272</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>4643</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>4643</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ELEVATE CREDIT INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>28621v101</n1:cusip>
		<n1:value>317</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>40000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>40000</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>EXXON MOBIL CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>30231g102</n1:cusip>
		<n1:value>4334</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>53684</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>53684</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>FACEBOOK INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>30303M102</n1:cusip>
		<n1:value>310</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>2051</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>2051</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>FIDELITY NATL INFORMATION SV</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>31620M106</n1:cusip>
		<n1:value>386</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>4518</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>4518</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>GARTNER INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>366651107</n1:cusip>
		<n1:value>3449</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>27928</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>27928</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>GENERAL ELECTRIC CO</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>369604103</n1:cusip>
		<n1:value>246</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>9118</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>9118</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>GILEAD SCIENCES INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>375558103</n1:cusip>
		<n1:value>736</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>10398</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>10398</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>GLOBAL SHIP LEASE INC NEW</n1:nameOfIssuer>
		<n1:titleOfClass>SHS A</n1:titleOfClass>
		<n1:cusip>y27183105</n1:cusip>
		<n1:value>28</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>23000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>23000</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>GOLDMAN SACHS GROUP INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>38141g104</n1:cusip>
		<n1:value>355</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1598</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>1598</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>GREENLIGHT CAPITAL RE LTD</n1:nameOfIssuer>
		<n1:titleOfClass>CLASS A</n1:titleOfClass>
		<n1:cusip>g4095j109</n1:cusip>
		<n1:value>15075</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>721285</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>721285</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>HUMANA INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>444859102</n1:cusip>
		<n1:value>24074</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>100050</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>100050</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>INDEPENDENCE REALTY TRUST INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>45378A106</n1:cusip>
		<n1:value>99</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>10000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>10000</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>IRIDIUM COMMUNICATIONS INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>46269c102</n1:cusip>
		<n1:value>294</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>26643</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>26643</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ISHARES TR</n1:nameOfIssuer>
		<n1:titleOfClass>MSCI KLD400 SOC</n1:titleOfClass>
		<n1:cusip>464288570</n1:cusip>
		<n1:value>338</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>3780</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>3780</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ISHARES TR</n1:nameOfIssuer>
		<n1:titleOfClass>RUSSELL 2000 ETF</n1:titleOfClass>
		<n1:cusip>464287655</n1:cusip>
		<n1:value>321</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>2275</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>2275</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ISHARES TR</n1:nameOfIssuer>
		<n1:titleOfClass>CORE S&amp;P MCP ETF</n1:titleOfClass>
		<n1:cusip>464287507</n1:cusip>
		<n1:value>746</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>4291</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>4291</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ISHARES TR</n1:nameOfIssuer>
		<n1:titleOfClass>RUS 1000 ETF</n1:titleOfClass>
		<n1:cusip>464287622</n1:cusip>
		<n1:value>498</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>3685</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>3685</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>JOHNSON &amp; JOHNSON</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>478160104</n1:cusip>
		<n1:value>536</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>4052</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>4052</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>KAYNE ANDERSON MDSTM ENERGY</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>48661E108</n1:cusip>
		<n1:value>6247</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>412369</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>412369</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>MANNKIND CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM NEW</n1:titleOfClass>
		<n1:cusip>56400p706</n1:cusip>
		<n1:value>37</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>26504</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>26504</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>MICROSOFT CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>594918104</n1:cusip>
		<n1:value>354</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>5140</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>5140</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>MOSAIC CO NEW</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>61945c103</n1:cusip>
		<n1:value>251</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>11000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>11000</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>POWERSHARES QQQ TUST</n1:nameOfIssuer>
		<n1:titleOfClass>UNIT SER 1</n1:titleOfClass>
		<n1:cusip>73935a104</n1:cusip>
		<n1:value>311</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>2258</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>2258</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>NETEASE INC</n1:nameOfIssuer>
		<n1:titleOfClass>SPONSORED ADR</n1:titleOfClass>
		<n1:cusip>64110w102</n1:cusip>
		<n1:value>563</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1873</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>1873</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>NEW YORK CMNTY BANCORP INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>649445103</n1:cusip>
		<n1:value>158</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>12001</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>12001</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>PARKER HANNIFIN CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>701094104</n1:cusip>
		<n1:value>475</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>2971</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>2971</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>PENNANTPARK FLOATING RATE CAPI</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>70806A106</n1:cusip>
		<n1:value>370</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>26200</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>26200</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>PENNANTPARK INVT CORP COM</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>708062104</n1:cusip>
		<n1:value>253</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>34268</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>34268</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>PEPSICO INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>713448108</n1:cusip>
		<n1:value>1128</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>9763</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>9763</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>POTASH CORP SASK INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>73755l107</n1:cusip>
		<n1:value>261</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>16000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>16000</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>PROCTER &amp; GAMBLE CO</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>742718109</n1:cusip>
		<n1:value>825</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>9469</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>9469</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>PROLOGIS INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>74340w103</n1:cusip>
		<n1:value>252</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>4293</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>4293</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>Q2 HLDGS INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>74736L109</n1:cusip>
		<n1:value>370</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>10000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>10000</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SPDR GOLD TRUST</n1:nameOfIssuer>
		<n1:titleOfClass>GOLD SHS</n1:titleOfClass>
		<n1:cusip>78463v107</n1:cusip>
		<n1:value>384</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>3254</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>3254</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SPDR S&amp;P 500 ETF TR</n1:nameOfIssuer>
		<n1:titleOfClass>TR UNIT</n1:titleOfClass>
		<n1:cusip>78462F103</n1:cusip>
		<n1:value>189716</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>784600</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>784600</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SPDR S&amp;P MDCAP 400 ETF TR</n1:nameOfIssuer>
		<n1:titleOfClass>UTSER1 S&amp;PDCRP</n1:titleOfClass>
		<n1:cusip>78467y107</n1:cusip>
		<n1:value>402</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1265</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>1265</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>THIRD PT REINS LTD</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>G8827U100</n1:cusip>
		<n1:value>695</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>50000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>50000</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>UBS GROUP AG</n1:nameOfIssuer>
		<n1:titleOfClass>SHS</n1:titleOfClass>
		<n1:cusip>h42097107</n1:cusip>
		<n1:value>1060</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>62426</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>62426</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>VANGUARD INDEX FDS</n1:nameOfIssuer>
		<n1:titleOfClass>MID CAP ETF</n1:titleOfClass>
		<n1:cusip>922908629</n1:cusip>
		<n1:value>493</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>3460</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>3460</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>VANGUARD INTL EQUITY INDEX F</n1:nameOfIssuer>
		<n1:titleOfClass>FTSE EUROPE ETF</n1:titleOfClass>
		<n1:cusip>922042874</n1:cusip>
		<n1:value>215</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>3900</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>3900</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>WESTERN ASSET MTG CAP CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>95790D105</n1:cusip>
		<n1:value>147</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>14251</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>14251</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>BLACK STONE MINERALS L P</n1:nameOfIssuer>
		<n1:titleOfClass>COM UNIT</n1:titleOfClass>
		<n1:cusip>09225M101</n1:cusip>
		<n1:value>8212</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>521080</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>521080</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>BLACKSTONE GROUP L P</n1:nameOfIssuer>
		<n1:titleOfClass>COM UNIT LTD</n1:titleOfClass>
		<n1:cusip>09253u108</n1:cusip>
		<n1:value>798</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>23920</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>23920</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ELLINGTON FINANCIAL LLC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>288522303</n1:cusip>
		<n1:value>14390</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>887707</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>887707</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ENERGY TRANSFER PARTNERS LP</n1:nameOfIssuer>
		<n1:titleOfClass>UNIT LTD PRT INT</n1:titleOfClass>
		<n1:cusip>29278n103</n1:cusip>
		<n1:value>902</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>44250</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>44250</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ENTERPRISE PRODS PARTNERS L</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>293792107</n1:cusip>
		<n1:value>1024</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>37800</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>37800</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>GENESIS ENERGY L.P</n1:nameOfIssuer>
		<n1:titleOfClass>UNIT LTD PARTN</n1:titleOfClass>
		<n1:cusip>371927104</n1:cusip>
		<n1:value>571</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>18000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>18000</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>KKR &amp; CO L P DEL</n1:nameOfIssuer>
		<n1:titleOfClass>COM UNITS</n1:titleOfClass>
		<n1:cusip>48248M102</n1:cusip>
		<n1:value>372</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>20000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>20000</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
</n1:informationTable>
