<informationTable xmlns="http://www.sec.gov/edgar/document/thirteenf/informationtable">		<infoTable>
			<nameOfIssuer>ABBVIE INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00287Y109</cusip>
			<value>5441</value>
			<shrsOrPrnAmt>
				<sshPrnamt>100000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>100000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ADVANCE AUTO PARTS, INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00751Y106</cusip>
			<value>190</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AGNICO EAGLE MINES LTD CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>008474108</cusip>
			<value>2697</value>
			<shrsOrPrnAmt>
				<sshPrnamt>106500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>106500</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AGROFRESH SOLUTIONS, INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00856G109</cusip>
			<value>1605</value>
			<shrsOrPrnAmt>
				<sshPrnamt>202200</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>202200</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>WTS/AGROFRESH SOLUTIONS   11.5000 EXP02/19/2019</nameOfIssuer>
			<titleOfClass>WTS</titleOfClass>
			<cusip>00856G117</cusip>
			<value>876</value>
			<shrsOrPrnAmt>
				<sshPrnamt>400000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Call</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>400000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ALPHA PRO TECH LTD CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>020772109</cusip>
			<value>7</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3600</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>3600</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AMAZON.COM INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>023135106</cusip>
			<value>6143</value>
			<shrsOrPrnAmt>
				<sshPrnamt>12000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>12000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AMAYA INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>02314M108</cusip>
			<value>248</value>
			<shrsOrPrnAmt>
				<sshPrnamt>13600</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>13600</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AMERCO CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>023586100</cusip>
			<value>393</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AMERICAN CAPITAL AGENCY CORP. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>02503X105</cusip>
			<value>187</value>
			<shrsOrPrnAmt>
				<sshPrnamt>10000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>10000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>WTS/AMERICAN INTERNATIONAL GRO 45.0000 EXP01/19/2021</nameOfIssuer>
			<titleOfClass>WTS</titleOfClass>
			<cusip>026874156</cusip>
			<value>454</value>
			<shrsOrPrnAmt>
				<sshPrnamt>20000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Call</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>20000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AMERICAN INTL GROUP, INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>026874784</cusip>
			<value>568</value>
			<shrsOrPrnAmt>
				<sshPrnamt>10000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>10000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AMERICAN SHARED HOSP SVCS CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>029595105</cusip>
			<value>145</value>
			<shrsOrPrnAmt>
				<sshPrnamt>75058</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>75058</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>APPLE, INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>037833100</cusip>
			<value>33</value>
			<shrsOrPrnAmt>
				<sshPrnamt>300</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>300</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>APPLIED MATERIALS INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>038222105</cusip>
			<value>147</value>
			<shrsOrPrnAmt>
				<sshPrnamt>10000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>10000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ARES COMMERCIAL REAL ESTATE CO CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>04013V108</cusip>
			<value>833</value>
			<shrsOrPrnAmt>
				<sshPrnamt>69472</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>69472</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ARROW ELECTRONICS INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>042735100</cusip>
			<value>411</value>
			<shrsOrPrnAmt>
				<sshPrnamt>7426</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>7426</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AXCELIS TECHNOLOGIES, INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>054540109</cusip>
			<value>267</value>
			<shrsOrPrnAmt>
				<sshPrnamt>100000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>100000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BANK OF AMERICA CORP CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>060505104</cusip>
			<value>2337</value>
			<shrsOrPrnAmt>
				<sshPrnamt>150000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>150000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>WTS/BANK OF AMERICA CORP   13.3000 EXP01/16/2019</nameOfIssuer>
			<titleOfClass>WTS</titleOfClass>
			<cusip>060505146</cusip>
			<value>2292</value>
			<shrsOrPrnAmt>
				<sshPrnamt>400000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Call</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>400000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BARCLAYS BK PLC-IPATH S&amp;P 500 *VIX S-T FUTURES ETN NEW 2013 FUTURES ETN NEW 2013 ETN</nameOfIssuer>
			<titleOfClass>ETF</titleOfClass>
			<cusip>06742E711</cusip>
			<value>3921</value>
			<shrsOrPrnAmt>
				<sshPrnamt>153000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>153000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BAXALTA INCORPORATED CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>07177M103</cusip>
			<value>3151</value>
			<shrsOrPrnAmt>
				<sshPrnamt>100000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>100000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BERKSHIRE HATHAWAY INC CL-A (DEL) CLASS A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>084670108</cusip>
			<value>7224</value>
			<shrsOrPrnAmt>
				<sshPrnamt>37</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>37</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BLACKSTONE MORTGAGE TRUST INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>09257W100</cusip>
			<value>10819</value>
			<shrsOrPrnAmt>
				<sshPrnamt>394279</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>394279</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BOULDER GROWTH &amp; INCOME FD INC MUTUAL FUND</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>101507101</cusip>
			<value>528</value>
			<shrsOrPrnAmt>
				<sshPrnamt>70906</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>70906</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BOULEVARD ACQUISITION CORP. II CORP II UNIT</nameOfIssuer>
			<titleOfClass>OTHER</titleOfClass>
			<cusip>10157Q201</cusip>
			<value>997</value>
			<shrsOrPrnAmt>
				<sshPrnamt>100000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>100000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BROOKDALE SENIOR LIVING, INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>112463104</cusip>
			<value>1148</value>
			<shrsOrPrnAmt>
				<sshPrnamt>50000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>50000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CBL &amp; ASSOC PROPERTIES, INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>124830100</cusip>
			<value>688</value>
			<shrsOrPrnAmt>
				<sshPrnamt>50000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>50000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CIGNA CORPORATION CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>125509109</cusip>
			<value>4358</value>
			<shrsOrPrnAmt>
				<sshPrnamt>32274</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>32274</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CU BANCORP CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>126534106</cusip>
			<value>166</value>
			<shrsOrPrnAmt>
				<sshPrnamt>7397</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>7397</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CVS HEALTH CORP CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>126650100</cusip>
			<value>965</value>
			<shrsOrPrnAmt>
				<sshPrnamt>10000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>10000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CAPITAL SOUTHWEST CORPORATION MUTUAL FUND</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>140501107</cusip>
			<value>354</value>
			<shrsOrPrnAmt>
				<sshPrnamt>7477</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>7477</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CAPSTEAD MORTGAGE CORPORATION CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>14067E506</cusip>
			<value>99</value>
			<shrsOrPrnAmt>
				<sshPrnamt>10000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>10000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CASH AMER INTL INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>14754D100</cusip>
			<value>280</value>
			<shrsOrPrnAmt>
				<sshPrnamt>10000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>10000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CENTRAL SECURITIES CORP. MUTUAL FUND</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>155123102</cusip>
			<value>117</value>
			<shrsOrPrnAmt>
				<sshPrnamt>5900</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>5900</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CHEMOURS COMPANY (THE) CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>163851108</cusip>
			<value>129</value>
			<shrsOrPrnAmt>
				<sshPrnamt>20000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>20000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CITY OFFICE REIT, INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>178587101</cusip>
			<value>211</value>
			<shrsOrPrnAmt>
				<sshPrnamt>18600</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>18600</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>CIVEO CORP CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>17878Y108</cusip>
			<value>1</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>CONTINENTAL MATERIALS CORP CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>211615307</cusip>
			<value>73</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4771</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>4771</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CORENERGY INFRASTRUCTURE TRUST INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>21870U205</cusip>
			<value>177</value>
			<shrsOrPrnAmt>
				<sshPrnamt>40000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>40000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>VELOCITYSHARES DAILY INVERSE VIX MEDIUM TERM ETN</nameOfIssuer>
			<titleOfClass>ETF</titleOfClass>
			<cusip>22542D829</cusip>
			<value>9480</value>
			<shrsOrPrnAmt>
				<sshPrnamt>252665</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>252665</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>DANAHER CORPORATION CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>235851102</cusip>
			<value>852</value>
			<shrsOrPrnAmt>
				<sshPrnamt>10000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>10000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>DEL TACO RESTAURANTS INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>245496104</cusip>
			<value>1</value>
			<shrsOrPrnAmt>
				<sshPrnamt>100</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>100</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>WTS/DEL TACO RESTAURANTS INC 11.5000 EXP01/06/2018</nameOfIssuer>
			<titleOfClass>WTS</titleOfClass>
			<cusip>245496112</cusip>
			<value>517</value>
			<shrsOrPrnAmt>
				<sshPrnamt>100000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<putCall>Call</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>100000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>DIAMOND HILL INVESTMENT GROUP CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>25264R207</cusip>
			<value>186</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>DIGIRAD CORPORATION CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>253827109</cusip>
			<value>112</value>
			<shrsOrPrnAmt>
				<sshPrnamt>30000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>30000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>DIXIE GROUP INC CMN CLASS A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>255519100</cusip>
			<value>8</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>DOVER DOWNS GAMING &amp; ENTMT INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>260095104</cusip>
			<value>16</value>
			<shrsOrPrnAmt>
				<sshPrnamt>16157</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>16157</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>ELLINGTON RESIDENTIAL MORT REIT CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>288578107</cusip>
			<value>1048</value>
			<shrsOrPrnAmt>
				<sshPrnamt>86225</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>86225</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>EMERGENT CAPITAL, INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>29102N105</cusip>
			<value>1211</value>
			<shrsOrPrnAmt>
				<sshPrnamt>222125</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>222125</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ENVIROSTAR INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>29414M100</cusip>
			<value>303</value>
			<shrsOrPrnAmt>
				<sshPrnamt>75874</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>75874</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>EXPEDITORS INTL WASH INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>302130109</cusip>
			<value>235</value>
			<shrsOrPrnAmt>
				<sshPrnamt>5000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>5000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>E Z CORP INC CL-A NON VTG CMN CLASS A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>302301106</cusip>
			<value>3104</value>
			<shrsOrPrnAmt>
				<sshPrnamt>503092</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>503092</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>FEDERATED NATL HLDG CO CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>31422T101</cusip>
			<value>1196</value>
			<shrsOrPrnAmt>
				<sshPrnamt>49800</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>49800</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>FIRST CMNTY CORP S C CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>319835104</cusip>
			<value>239</value>
			<shrsOrPrnAmt>
				<sshPrnamt>19301</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>19301</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>FORTRESS INVESTMENT GROUP LLC CMN CLASS A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>34958B106</cusip>
			<value>3267</value>
			<shrsOrPrnAmt>
				<sshPrnamt>588582</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>588582</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>GENVEC INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>37246C307</cusip>
			<value>27</value>
			<shrsOrPrnAmt>
				<sshPrnamt>11800</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>11800</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>GIBRALTAR INDUSTRIES INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>374689107</cusip>
			<value>702</value>
			<shrsOrPrnAmt>
				<sshPrnamt>38233</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>38233</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>GILEAD SCIENCES CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>375558103</cusip>
			<value>982</value>
			<shrsOrPrnAmt>
				<sshPrnamt>10000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>10000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>GOLUB CAPITAL BDC LLC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>38173M102</cusip>
			<value>1287</value>
			<shrsOrPrnAmt>
				<sshPrnamt>80527</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>80527</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>GOOGLE INC. CMN CLASS C</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>38259P706</cusip>
			<value>4867</value>
			<shrsOrPrnAmt>
				<sshPrnamt>8000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>8000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>GREAT AJAX CORP CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>38983D300</cusip>
			<value>309</value>
			<shrsOrPrnAmt>
				<sshPrnamt>25000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>25000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>GROUP 1 AUTOMOTIVE, INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>398905109</cusip>
			<value>852</value>
			<shrsOrPrnAmt>
				<sshPrnamt>10000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>10000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>GUARANTY FEDERAL BANCSHARES INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>40108P101</cusip>
			<value>73</value>
			<shrsOrPrnAmt>
				<sshPrnamt>5000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>5000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>HARVARD BIOSCIENCE INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>416906105</cusip>
			<value>23</value>
			<shrsOrPrnAmt>
				<sshPrnamt>6200</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>6200</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>HERCULES TECHNOLOGY GROWTH CAPITAL, INC.</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>427096508</cusip>
			<value>10</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>HISTOGENICS CORP CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>43358V109</cusip>
			<value>4</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>HUDSON GLOBAL, INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>443787106</cusip>
			<value>12</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4845</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>4845</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>HUMANA INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>444859102</cusip>
			<value>5370</value>
			<shrsOrPrnAmt>
				<sshPrnamt>30000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>30000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ISTAR INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>45031U101</cusip>
			<value>252</value>
			<shrsOrPrnAmt>
				<sshPrnamt>20000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>20000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>INFRAREIT, INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>45685L100</cusip>
			<value>1184</value>
			<shrsOrPrnAmt>
				<sshPrnamt>50000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>50000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>INSPERITY INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>45778Q107</cusip>
			<value>44</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>IRIDEX CORP CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>462684101</cusip>
			<value>114</value>
			<shrsOrPrnAmt>
				<sshPrnamt>15000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>15000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ISHARES MSCI JAPAN ETF ge.</nameOfIssuer>
			<titleOfClass>ETF</titleOfClass>
			<cusip>464286848</cusip>
			<value>2286</value>
			<shrsOrPrnAmt>
				<sshPrnamt>200000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>200000</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>JPMORGAN CHASE &amp; CO CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>46625H100</cusip>
			<value>3658</value>
			<shrsOrPrnAmt>
				<sshPrnamt>60000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>60000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>JMP GROUP LLC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>46629U107</cusip>
			<value>336</value>
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				<sshPrnamt>54174</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>54174</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>JAKKS PACIFIC INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>47012E106</cusip>
			<value>84</value>
			<shrsOrPrnAmt>
				<sshPrnamt>9900</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>9900</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>KEMET CORPORATION CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>488360207</cusip>
			<value>1</value>
			<shrsOrPrnAmt>
				<sshPrnamt>100</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>100</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>LANDMARK BANCORP INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>51504L107</cusip>
			<value>255</value>
			<shrsOrPrnAmt>
				<sshPrnamt>10000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>10000</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>LEUCADIA NATIONAL CORP CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>527288104</cusip>
			<value>413</value>
			<shrsOrPrnAmt>
				<sshPrnamt>20400</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>20400</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>LINDBLAD EXPEDITIONS HLDGS INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>535219109</cusip>
			<value>1194</value>
			<shrsOrPrnAmt>
				<sshPrnamt>122200</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>122200</Sole>
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				<None>0</None>
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			<nameOfIssuer>WTS/LINDBLAD EXPEDITIONS HLDGS IN 11.5000 EXP05/15/2016</nameOfIssuer>
			<titleOfClass>WTS</titleOfClass>
			<cusip>535219117</cusip>
			<value>187</value>
			<shrsOrPrnAmt>
				<sshPrnamt>100000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<putCall>Call</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>100000</Sole>
				<Shared>0</Shared>
				<None>0</None>
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		<infoTable>
			<nameOfIssuer>LORAL SPACE &amp;COMMUNICATION INC*. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>543881106</cusip>
			<value>471</value>
			<shrsOrPrnAmt>
				<sshPrnamt>10000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>10000</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>LUBYS INC CMN STOCK CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>549282101</cusip>
			<value>4</value>
			<shrsOrPrnAmt>
				<sshPrnamt>900</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>900</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>MGIC INVESTMENT CORP COMMON STOCK</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>552848103</cusip>
			<value>1134</value>
			<shrsOrPrnAmt>
				<sshPrnamt>122492</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>122492</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>MRV COMMUNICATIONS, INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>553477407</cusip>
			<value>26</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1800</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1800</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>MAIN STREET CAPITAL CORP CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>56035L104</cusip>
			<value>597</value>
			<shrsOrPrnAmt>
				<sshPrnamt>22400</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>22400</Sole>
				<Shared>0</Shared>
				<None>0</None>
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		<infoTable>
			<nameOfIssuer>MODUSLINK GLOBAL SOLUTIONS, IN*C CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>60786L206</cusip>
			<value>572</value>
			<shrsOrPrnAmt>
				<sshPrnamt>200000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>200000</Sole>
				<Shared>0</Shared>
				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>MONSTER WORLDWIDE INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>611742107</cusip>
			<value>888</value>
			<shrsOrPrnAmt>
				<sshPrnamt>138304</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>138304</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MORGAN STANLEY CHINA A SHARE FUND, INC.</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>617468103</cusip>
			<value>22</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>NATIONSTAR MTG HLDGS INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>63861C109</cusip>
			<value>14</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>NEW MOUNTAIN FINANCE CORP MUTUAL FUND</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>647551100</cusip>
			<value>14</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>NICHOLAS FINANCIAL, INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>65373J209</cusip>
			<value>772</value>
			<shrsOrPrnAmt>
				<sshPrnamt>59454</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>59454</Sole>
				<Shared>0</Shared>
				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>OCWEN FINANCIAL CORPORATION CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>675746309</cusip>
			<value>7</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>PACIFIC PREMIER BANCORP CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>69478X105</cusip>
			<value>1654</value>
			<shrsOrPrnAmt>
				<sshPrnamt>81391</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>81391</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>PENNANTPARK INVESTMENT CORP MUTUAL FUND</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>708062104</cusip>
			<value>9</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1405</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1405</Sole>
				<Shared>0</Shared>
				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>PENNANTPARK FLOATING RATE CAP LTD</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>70806A106</cusip>
			<value>75</value>
			<shrsOrPrnAmt>
				<sshPrnamt>6245</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>6245</Sole>
				<Shared>0</Shared>
				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>PEPSICO INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>713448108</cusip>
			<value>94</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1000</Sole>
				<Shared>0</Shared>
				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>PINNACLE ENTMT INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>723456109</cusip>
			<value>352</value>
			<shrsOrPrnAmt>
				<sshPrnamt>10400</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>10400</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>PROSHARES SHORT VIX SHORT-TERM FUTURES EXCHANGE TRADED FUND</nameOfIssuer>
			<titleOfClass>ETF</titleOfClass>
			<cusip>74347W627</cusip>
			<value>8099</value>
			<shrsOrPrnAmt>
				<sshPrnamt>170000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>170000</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>QCR HOLDINGS INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>74727A104</cusip>
			<value>22</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1000</Sole>
				<Shared>0</Shared>
				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>QC HOLDINGS, INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>74729T101</cusip>
			<value>5</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2749</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>2749</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>RADIANT LOGISTICS INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>75025X100</cusip>
			<value>38</value>
			<shrsOrPrnAmt>
				<sshPrnamt>8410</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>8410</Sole>
				<Shared>0</Shared>
				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>RICE ENERGY INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>762760106</cusip>
			<value>81</value>
			<shrsOrPrnAmt>
				<sshPrnamt>5000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>5000</Sole>
				<Shared>0</Shared>
				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>SPDR S&amp;P 500 ETF TRUST</nameOfIssuer>
			<titleOfClass>ETF</titleOfClass>
			<cusip>78462F103</cusip>
			<value>291943</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1523471</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1523471</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>SAFEGUARD SCIENTIFICS INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>786449207</cusip>
			<value>44</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2800</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>2800</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>SIGMA DESIGNS INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>826565103</cusip>
			<value>1378</value>
			<shrsOrPrnAmt>
				<sshPrnamt>200000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>200000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TCP CAP CORP MUTUAL FUND</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>87238Q103</cusip>
			<value>14</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1000</Sole>
				<Shared>0</Shared>
				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>THL CREDIT INC MUTUAL FUND</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>872438106</cusip>
			<value>240</value>
			<shrsOrPrnAmt>
				<sshPrnamt>21964</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>21964</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>TRI POINTE GROUP INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>87265H109</cusip>
			<value>393</value>
			<shrsOrPrnAmt>
				<sshPrnamt>30000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>TEMPLETON GLOBAL INCOME FUND MUTUAL FUND</nameOfIssuer>
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			<nameOfIssuer>TOLL BROTHERS, INC. CMN</nameOfIssuer>
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			<nameOfIssuer>TRIANGLE CAPITAL CORPORATION MUTUAL FUND</nameOfIssuer>
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			<cusip>895848109</cusip>
			<value>16</value>
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		<infoTable>
			<nameOfIssuer>U.S. GLOBAL INVESTORS INC A CMN</nameOfIssuer>
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			<cusip>902952100</cusip>
			<value>2</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>U.S. GEOTHERMAL, INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>90338S102</cusip>
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			<nameOfIssuer>UNWIRED PLANET INC CMN</nameOfIssuer>
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			<cusip>91531F103</cusip>
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		<infoTable>
			<nameOfIssuer>VANGUARD SPECIALIZED PORTFOLIO VANGUARD DIVIDEND APPRECIATION MUTUAL FUND CL ETF  SER VIPERS</nameOfIssuer>
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			<cusip>921908844</cusip>
			<value>28077</value>
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			<nameOfIssuer>VANGUARD FTSE DEVELOPED MKTS CMN ETF</nameOfIssuer>
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			<value>14256</value>
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				<sshPrnamt>400000</sshPrnamt>
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			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>VANGUARD WHITEHALL FUNDS-VANGU*ARD HIGH DIVIDEND YIELD IDX FD (VANGUARD HIGH DIVIDEND YIELD ETF</nameOfIssuer>
			<titleOfClass>ETF</titleOfClass>
			<cusip>921946406</cusip>
			<value>1247</value>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>VANGUARD FTSE ALL-WORLD EX-US INDEX FUND ETF</nameOfIssuer>
			<titleOfClass>ETF</titleOfClass>
			<cusip>922042775</cusip>
			<value>23</value>
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				<sshPrnamt>542</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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		<infoTable>
			<nameOfIssuer>VANGUARD S&amp;P 500 ETF</nameOfIssuer>
			<titleOfClass>ETF</titleOfClass>
			<cusip>922908363</cusip>
			<value>266344</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1515818</sshPrnamt>
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		<infoTable>
			<nameOfIssuer>VIAD CORP CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>92552R406</cusip>
			<value>678</value>
			<shrsOrPrnAmt>
				<sshPrnamt>23400</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>23400</Sole>
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		<infoTable>
			<nameOfIssuer>VIDEOCON D2H LTD ADR CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>92657J101</cusip>
			<value>97</value>
			<shrsOrPrnAmt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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				<None>0</None>
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			<nameOfIssuer>VIRTU FINANCIAL, INC. CMN CLASS A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>928254101</cusip>
			<value>4723</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>VOLT INFO SCIENCES, INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>928703107</cusip>
			<value>1605</value>
			<shrsOrPrnAmt>
				<sshPrnamt>176401</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>176401</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>WL ROSS HOLDING CORP. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>92939D104</cusip>
			<value>1038</value>
			<shrsOrPrnAmt>
				<sshPrnamt>100000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>100000</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>WEBSTER FINANCIAL CORP CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>947890109</cusip>
			<value>125</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>3500</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>THE WILLIAMS COMPANIES, INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>969457100</cusip>
			<value>1010</value>
			<shrsOrPrnAmt>
				<sshPrnamt>27400</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>27400</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>WILLIS LEASE FINANCE CORP CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>970646105</cusip>
			<value>16</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1000</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>XENON PHARMACEUTICALS INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>98420N105</cusip>
			<value>567</value>
			<shrsOrPrnAmt>
				<sshPrnamt>68690</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>68690</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>YAMANA GOLD INC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>98462Y100</cusip>
			<value>266</value>
			<shrsOrPrnAmt>
				<sshPrnamt>156352</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>156352</Sole>
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				<None>0</None>
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			<nameOfIssuer>ALLERGAN PLC CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>G0177J108</cusip>
			<value>272</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1000</Sole>
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				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>ELECTRUM SPL ACQUISITION CORP UNIT</nameOfIssuer>
			<titleOfClass>OTHER</titleOfClass>
			<cusip>G3105C120</cusip>
			<value>494</value>
			<shrsOrPrnAmt>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>50000</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>ESSENT GROUP LTD. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>G3198U102</cusip>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>GREENLIGHT CAPITAL RE LTD-A CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>G4095J109</cusip>
			<value>439</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>19696</Sole>
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				<None>0</None>
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			<nameOfIssuer>NORD ANGLIA EDUCATION, INC. CMN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>G6583A102</cusip>
			<value>203</value>
			<shrsOrPrnAmt>
				<sshPrnamt>10000</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>10000</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
</informationTable>
