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          <PropertyDesc>STRATEGIC PARTNERS FUND VII</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>97424</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>0</CostOrOtherBasisAmt>
          <GainOrLossAmt>97424</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>97424</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>TENOR OPPORTUNITY</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>49</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>0</CostOrOtherBasisAmt>
          <GainOrLossAmt>49</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>49</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ATLAS INSTITUTIONAL</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>2624</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>0</CostOrOtherBasisAmt>
          <GainOrLossAmt>2624</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2624</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>TIG ARBITRAGE</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>19443</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>0</CostOrOtherBasisAmt>
          <GainOrLossAmt>19443</GainOrLossAmt>
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        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SALE OF ATLAS INSTITUTIONAL</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>0</GrossSalesPriceAmt>
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          <GainOrLossAmt>-3515</GainOrLossAmt>
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        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SALE OF TIG ARBITRAGE</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>145902</GrossSalesPriceAmt>
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          <GainOrLossAmt>145902</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>145902</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CAPITAL GAIN DIVIDENDS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>1929961</GainOrLossAmt>
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        <CapitalGainNetIncomeAmt>11408354</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>false</LiableSection4942TaxInd>
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        <NetVlNoncharitableAssetsYr5Amt>163585814</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>0.002038</DistributionYr5Rt>
        <TotalDistributionRt>0.031456</TotalDistributionRt>
        <AverageDistributionRt>0.006291</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>399049216</NetVlNoncharitableAssetsAmt>
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        <NetInvestmentIncomePctAmt>150407</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>2660826</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>21501522</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <DomesticOrgMeetingSect4940eInd>X</DomesticOrgMeetingSect4940eInd>
        <InvestmentIncomeExciseTaxAmt>150407</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>150407</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>150407</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>204185</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>204185</TotalPaymentsAndCreditsAmt>
        <Form2220AttachedInd referenceDocumentId="IRS2220">X</Form2220AttachedInd>
        <OverpaymentAmt>53778</OverpaymentAmt>
        <AppliedToESTaxAmt>53778</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd referenceDocumentId="BinaryAttach BinaryAttachN1 BinaryAttachN2 BinaryAttachN3">false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <Section4955OrganizationTaxAmt>0</Section4955OrganizationTaxAmt>
        <Section4955ManagersTaxAmt>0</Section4955ManagersTaxAmt>
        <TaxReimbursedAmt>0</TaxReimbursedAmt>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd referenceDocumentId="BinaryAttach BinaryAttachN1 BinaryAttachN2 BinaryAttachN3">false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
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        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>FL</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>AFO LLC - RICHARD KOHAN</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>7862703710</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>TWO ALHAMBRA PLAZA SUITE 1040</AddressLine1Txt>
          <CityNm>CORAL GABLES</CityNm>
          <StateAbbreviationCd>FL</StateAbbreviationCd>
          <ZIPCd>33134</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
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        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
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        <FurnGoodsDisqualifiedPrsnInd>true</FurnGoodsDisqualifiedPrsnInd>
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        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
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        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
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      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>SARAH ARISON</PersonNm>
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            <AddressLine1Txt>TWO ALHAMBRA PLAZA</AddressLine1Txt>
            <AddressLine2Txt>SUITE 1040</AddressLine2Txt>
            <CityNm>CORAL GABLES</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33134</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.0</AverageHrsPerWkDevotedToPosRt>
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          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JOHN J O'NEIL</PersonNm>
          <USAddress>
            <AddressLine1Txt>TWO ALHAMBRA PLAZA</AddressLine1Txt>
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            <CityNm>CORAL GABLES</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33134</ZIPCd>
          </USAddress>
          <TitleTxt>AVP/ASSISTANT TREASURER</TitleTxt>
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          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>HARRY HERSH</PersonNm>
          <USAddress>
            <AddressLine1Txt>TWO ALHAMBRA PLAZA</AddressLine1Txt>
            <AddressLine2Txt>SUITE 1040</AddressLine2Txt>
            <CityNm>CORAL GABLES</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33134</ZIPCd>
          </USAddress>
          <TitleTxt>EXECUTIVE VICE PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>RICHARD L KOHAN</PersonNm>
          <USAddress>
            <AddressLine1Txt>TWO ALHAMBRA PLAZA</AddressLine1Txt>
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            <CityNm>CORAL GABLES</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33134</ZIPCd>
          </USAddress>
          <TitleTxt>AVP/TREASURER/SECRETARY</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>WELLS FARGO BANK N A</PersonNm>
          <USAddress>
            <AddressLine1Txt>200 SOUTH BISCAYNE BLVD 15TH FL</AddressLine1Txt>
            <CityNm>MIAMI</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33131</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
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          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MARILYN B ARISON</PersonNm>
          <USAddress>
            <AddressLine1Txt>TWO ALHAMBRA PLAZA</AddressLine1Txt>
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            <CityNm>CORAL GABLES</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33134</ZIPCd>
          </USAddress>
          <TitleTxt>CHAIRMAN</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.0</AverageHrsPerWkDevotedToPosRt>
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          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>BAHL &amp; GAYNOR</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>255 E 5TH ST 2700</AddressLine1Txt>
            <CityNm>CINCINNATI</CityNm>
            <StateAbbreviationCd>OH</StateAbbreviationCd>
            <ZIPCd>45202</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>INVESTMENT MGMT</ServiceTypeTxt>
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        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>EAGLE CAPITAL MANAGEMENT</BusinessNameLine1Txt>
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          <USAddress>
            <AddressLine1Txt>3850 NORTH CAUSEWAY BOULEVARD SUITE</AddressLine1Txt>
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          </USAddress>
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        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>THE NORTHERN TRUST COMPANY</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>1313 N MARKET STREET SUITE 5300</AddressLine1Txt>
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          <BusinessName>
            <BusinessNameLine1Txt>SEIX Advisors</BusinessNameLine1Txt>
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          <BusinessName>
            <BusinessNameLine1Txt>UBS GLOBAL ASSET MANAGEMENT</BusinessNameLine1Txt>
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        <Description1Txt>NONE</Description1Txt>
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      <SumOfProgramRelatedInvstGrp />
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      <PrivateOperatingFoundationsGrp />
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        <GrantOrContributionPdDurYrGrp>
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          <RecipientUSAddress>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>AMERICAN FOR THE ARTS</BusinessNameLine1Txt>
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          <RecipientBusinessName>
            <BusinessNameLine1Txt>MIAMI CHILDREN'S MUSEUM</BusinessNameLine1Txt>
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          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
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          <RecipientUSAddress>
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          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
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        <GrantOrContributionPdDurYrGrp>
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            <BusinessNameLine1Txt>SERAPHIC FIRE</BusinessNameLine1Txt>
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        <GrantOrContributionPdDurYrGrp>
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    </IRS990ScheduleB>
    <DepreciationSchedule documentId="DepreciationSch" />
    <InvestmentsCorpBondsSchedule documentId="InvestCorpBondsSch">
      <InvestmentsCorporateBondsGrp>
        <BondNm>AGENCY FUNDS (SEE STMT B)</BondNm>
        <EOYBookValueAmt>0</EOYBookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CORPORATE BONDS (SEE STMT B)</BondNm>
        <EOYBookValueAmt>5616217</EOYBookValueAmt>
        <EOYFMVAmt>5720059</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>FUNDS-CORP BONDS (SEE STMT B)</BondNm>
        <EOYBookValueAmt>31076793</EOYBookValueAmt>
        <EOYFMVAmt>30824983</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ASSET BACKED SEC. (SEE STMT B)</BondNm>
        <EOYBookValueAmt>120000</EOYBookValueAmt>
        <EOYFMVAmt>120335</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>GOV MORT. BACKED (SEE STMT B)</BondNm>
        <EOYBookValueAmt>0</EOYBookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>COMM. MORT. BACKED (SEE STMT B</BondNm>
        <EOYBookValueAmt>66767</EOYBookValueAmt>
        <EOYFMVAmt>65934</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>FIXED INCOME ETF (SEE STMT B)</BondNm>
        <EOYBookValueAmt>35797341</EOYBookValueAmt>
        <EOYFMVAmt>35680677</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>MUNICIPAL BONDS (SEE STMT B)</BondNm>
        <EOYBookValueAmt>0</EOYBookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestCorpStockSch">
      <InvestmentsCorporateStockGrp>
        <StockNm>SECURITIES (SEE STMT A)</StockNm>
        <EOYBookValueAmt>165316643</EOYBookValueAmt>
        <EOYFMVAmt>227002865</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="InvGovtObligSch">
      <USGovtObligationsBookVlEOYAmt>24537152</USGovtObligationsBookVlEOYAmt>
      <USGovtObligationsEOYFMVAmt>24341866</USGovtObligationsEOYFMVAmt>
    </InvestmentsGovtObligationsSch>
    <InvestmentsOtherSchedule2 documentId="InvOtherSch2">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>DOUBLE BLACK DIAMOND LTD.</CategoryOrItemTxt>
        <BookValueAmt>4000000</BookValueAmt>
        <EOYFMVAmt>5343045</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>TERRAPIN OFFSHORE FUND</CategoryOrItemTxt>
        <BookValueAmt>6925</BookValueAmt>
        <EOYFMVAmt>70385</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MILLENNIUM FUND II LLC</CategoryOrItemTxt>
        <BookValueAmt>8500000</BookValueAmt>
        <EOYFMVAmt>13579437</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CREDIT SUISSE SECURITIZED PROD</CategoryOrItemTxt>
        <BookValueAmt>2714661</BookValueAmt>
        <EOYFMVAmt>4199513</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>G2 INV PARTNERS OFFSHORE</CategoryOrItemTxt>
        <BookValueAmt>3000000</BookValueAmt>
        <EOYFMVAmt>3663390</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GCA CREDIT OPPORTUNITIES OFFSH</CategoryOrItemTxt>
        <BookValueAmt>3000000</BookValueAmt>
        <EOYFMVAmt>3417558</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>COMMONWEALTH OPPORTUNITY FUND</CategoryOrItemTxt>
        <BookValueAmt>209600</BookValueAmt>
        <EOYFMVAmt>209600</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ATLAS INSTITUTIONAL FUND</CategoryOrItemTxt>
        <BookValueAmt>0</BookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>TIG ARBITRAGE ENHANCED LTD</CategoryOrItemTxt>
        <BookValueAmt>0</BookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PALOMA INTERNATIONAL</CategoryOrItemTxt>
        <BookValueAmt>6500000</BookValueAmt>
        <EOYFMVAmt>6990966</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>TENOR OPPORTUNITY FUND</CategoryOrItemTxt>
        <BookValueAmt>3500000</BookValueAmt>
        <EOYFMVAmt>3780464</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>FIELD STREET OFFSHORE FUND</CategoryOrItemTxt>
        <BookValueAmt>3000000</BookValueAmt>
        <EOYFMVAmt>3200114</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MW EUREKA</CategoryOrItemTxt>
        <BookValueAmt>3500000</BookValueAmt>
        <EOYFMVAmt>3940232</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>HARRISON STREET CORE PROPERTY</CategoryOrItemTxt>
        <BookValueAmt>4000000</BookValueAmt>
        <EOYFMVAmt>4000000</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PRIME PROPERTY FUND</CategoryOrItemTxt>
        <BookValueAmt>4000000</BookValueAmt>
        <EOYFMVAmt>4000000</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>COLONY INDUSTRIAL FUND</CategoryOrItemTxt>
        <BookValueAmt>3949276</BookValueAmt>
        <EOYFMVAmt>4025076</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>STRATEGIC PARTNERS OFFSHORE FD</CategoryOrItemTxt>
        <BookValueAmt>1575864</BookValueAmt>
        <EOYFMVAmt>1914027</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>POLAR MULTI-STRATEGY FUND</CategoryOrItemTxt>
        <BookValueAmt>6000000</BookValueAmt>
        <EOYFMVAmt>6356071</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>SOROBAN OPPORTUNITIES</CategoryOrItemTxt>
        <BookValueAmt>3000000</BookValueAmt>
        <EOYFMVAmt>3169101</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherDecreasesSchedule documentId="OtherDecreasesSch">
      <OtherDecreasesDetail>
        <Desc>ADJUSTMENTS FOR TAX BASIS REPORTING</Desc>
        <Amt>4545539</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSch2">
      <OtherIncomeDetail>
        <Desc>OTHER INVESTMENT INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>39476</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>39476</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>ORDINARY INCOME FROM PFICS</Desc>
        <RevenueAndExpensesPerBooksAmt>1269331</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1269331</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="OthProfFeesSch">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>PROFESSIONAL FEES</CategoryTxt>
        <Amt>62354</Amt>
        <NetInvestmentIncomeAmt>62354</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>AGENCY FEES</CategoryTxt>
        <Amt>138299</Amt>
        <NetInvestmentIncomeAmt>138299</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>OTHER DEDUCTIONS</CategoryTxt>
        <Amt>4189817</Amt>
        <NetInvestmentIncomeAmt>4189817</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES PAID</CategoryTxt>
        <Amt>135868</Amt>
        <NetInvestmentIncomeAmt>135868</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>