Cowen Investment Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
8I ENTERPRISES ACQUISITION C	SHS	G2956M104	4,378	425,000	SH		DFND		425,000	0	0
ACAMAR PARTNERS ACQSITION CO	CL A	004285102	4,906	480,000	SH		DFND		480,000	0	0
ACE CONVERGENCE ACQU CORP	UNIT 99/99/9999	G0083D112	513	50,000	SH		DFND		50,000	0	0
ACON S2 ACQUISITION CORP	UNIT 09/15/2027	G00748122	1,002	100,000	SH		DFND		100,000	0	0
ALPHA HEALTHCARE ACQUISTN CO	UNIT 09/21/2027	020751202	1,984	200,000	SH		DFND		200,000	0	0
ALUSSA ENERGY ACQUISITION CO	UNIT 10/31/2026	G0232J127	308	30,000	SH		DFND		30,000	0	0
ALUSSA ENERGY ACQUISITION CO	SHS CL A	G0232J101	993	100,000	SH		DFND		100,000	0	0
AMC NETWORKS INC	CL A	00164V103	6,845	277,000	SH		DFND		277,000	0	0
AMC NETWORKS INC	CL A	00164V103	1,260	210,000	SH	Put	DFND		210,000	0	0
ARTIUS ACQUISITION INC	UNIT 99/99/9999	04316G204	2,078	200,000	SH		DFND		200,000	0	0
ARTIUS ACQUISITION INC	COM CL A	04316G105	1,392	140,000	SH		DFND		140,000	0	0
ASCENDANT DIGITAL ACQUISITIO	UNIT 99/99/9999	G05155125	1,052	100,000	SH		DFND		100,000	0	0
BARCLAYS PLC	ADR	06738E204	1,393	278,058	SH		DFND		278,058	0	0
BCTG ACQUISITION CORP	COM	05492W103	1,036	100,000	SH		DFND		100,000	0	0
BOWX ACQUISITION CORP	UNIT 08/03/2025	103085205	1,026	100,000	SH		DFND		100,000	0	0
BROADSTONE ACQUISITION CORP	UNIT 99/99/9999	G1739V118	2,991	300,000	SH		DFND		300,000	0	0
BURGUNDY TECHNOLOGY ACQU COR	UNIT 08/26/2025	G1702T132	996	100,000	SH		DFND		100,000	0	0
CAPSTAR SPL PURP ACQUISITION	COM CL A	14070Y101	492	50,000	SH		DFND		50,000	0	0
CAPSTAR SPL PURP ACQUISITION	UNIT 07/09/2027	14070Y200	765	75,000	SH		DFND		75,000	0	0
CC NEUBERGER PRIN HLDGS II	UNIT 99/99/9999	G3166T129	1,808	175,000	SH		DFND		175,000	0	0
CC NEUBERGER PRINCIPAL HLDNG	UNIT 99/99/9999	G1992Y106	813	75,000	SH		DFND		75,000	0	0
CF FINANCE ACQUISITION CORP	UNIT 08/01/2027	15725Q203	2,506	250,000	SH		DFND		250,000	0	0
CHURCHILL CAPITAL CORP IV	UNIT 99/99/9999	171439201	4,008	400,000	SH		DFND		400,000	0	0
CHURCHILL CAPITAL CORP IV	CL A	171439102	1,712	175,000	SH		DFND		175,000	0	0
CITIC CAPITAL ACQUISITION CO	UNIT 99/99/9999	G21513125	1,026	100,000	SH		DFND		100,000	0	0
COHN ROBBINS HOLDINGS CORP	UNIT 08/11/2025	G23726121	2,523	250,000	SH		DFND		250,000	0	0
COLONNADE ACQUISITION CORP	UNIT 99/99/9999	G2283K128	498	50,000	SH		DFND		50,000	0	0
D8 HOLDINGS CORP	UNIT 99/99/9999	G2614K102	1,007	100,000	SH		DFND		100,000	0	0
DEERFIELD HEALTHCARE TECH AC	UNIT 07/16/2025	244413209	532	50,000	SH		DFND		50,000	0	0
DFP HEALTHCARE ACQUISITNS CO	UNIT 03/31/2025	23343Q209	1,640	150,000	SH		DFND		150,000	0	0
DMY TECHNOLOGY GROUP INC II	UNIT 99/99/9999	233277201	3,581	350,000	SH		DFND		350,000	0	0
DRAGONEER GROWTH OPPORTUN CO	UNIT 08/18/2027	G28302126	613	50,000	SH		DFND		50,000	0	0
E MERGE TECHNOLOGY ACQUISITI	UNIT 07/30/2025	26873Y203	2,016	200,000	SH		DFND		200,000	0	0
EAST RES ACQUISITION CO	UNIT 07/01/2027	274681204	3,027	300,000	SH		DFND		300,000	0	0
EBIX INC	COM NEW	278715206	96	118,500	SH	Put	DFND		118,500	0	0
EQUITY DISTR ACQUISITION COR	UNIT 99/99/9999	29465E205	1,030	100,000	SH		DFND		100,000	0	0
FAST ACQUISITION CORP	UNIT 99/99/9999	311875207	1,496	150,000	SH		DFND		150,000	0	0
FG NEW AMER ACQUISITION CORP	UNIT 08/31/2027	30259V205	3,003	300,000	SH		DFND		300,000	0	0
FOLEY TRASIMENE ACQUISITION	UNIT 99/99/9999	344328208	1,020	100,000	SH		DFND		100,000	0	0
FOLEY TRASIMENE ACQUISTN COR	UNIT 99/99/9999	34431F203	1,129	100,000	SH		DFND		100,000	0	0
FORTRESS VALUE ACQUISITION I	UNIT 08/10/2027	349642207	1,030	100,000	SH		DFND		100,000	0	0
FTAC OLYMPUS ACQUISITION COR	UNIT 08/24/2025	G37288118	2,500	250,000	SH		DFND		250,000	0	0
FUSION ACQUISITION CORP	UNIT 99/99/9999	36118H204	1,030	100,000	SH		DFND		100,000	0	0
GIGCAPITAL2 INC	COM	375036100	2,540	250,000	SH		DFND		250,000	0	0
GIGCAPITAL3 INC	UNIT 99/99/9999	37519D206	1,035	100,000	SH		DFND		100,000	0	0
GO ACQUISITION CORP	UNIT 08/31/2027	362019200	1,008	100,000	SH		DFND		100,000	0	0
GORES HLDGS V INC	UNIT 99/99/9999	382864205	1,035	100,000	SH		DFND		100,000	0	0
GREENVISION ACQUISITION CORP	COM	39678G103	703	70,000	SH		DFND		70,000	0	0
HUDSON EXECUTIVE INVT CORP	UNIT 06/21/2025	443761200	3,135	300,000	SH		DFND		300,000	0	0
INDUSTRIAL TECH ACQU INC	UNIT 08/31/2025	456357201	500	50,000	SH		DFND		50,000	0	0
INTERPRIVATE ACQUISITION COR	COM	46064A103	1,000	100,000	SH		DFND		100,000	0	0
JAWS ACQUISITION CORP	UNIT 99/99/9999	G50744120	2,214	200,000	SH		DFND		200,000	0	0
JUNIPER INDL HLDGS INC	COM CL A	48205G106	2,092	200,000	SH		DFND		200,000	0	0
KISMET ACQUISITION ONE CORP	UNIT 08/06/2025	G52753129	1,000	100,000	SH		DFND		100,000	0	0
LEGACY ACQUISITION CORP	*W EXP 11/30/202	524643111	66	122,825	SH		DFND		122,825	0	0
LGL SYS ACQUISITION CORP	UNIT 10/24/2024	50201G205	1,044	100,000	SH		DFND		100,000	0	0
LIVE OAK ACQUISITION CORP	UNIT 99/99/9999	53804F202	2,110	200,000	SH		DFND		200,000	0	0
LLOYDS BANKING GROUP PLC	SPONSORED ADR	539439109	6,474	4,980,083	SH		DFND		4,980,083	0	0
LONGVIEW ACQUISITION CORP	UNIT 99/99/9999	543195200	2,030	200,000	SH		DFND		200,000	0	0
MONOCLE ACQUISITION CORP	COM	609754106	6,144	600,000	SH		DFND		600,000	0	0
NAM TAI PPTY INC	SHS	G63907102	289	30,916	SH		DFND		30,916	0	0
NAVSIGHT HLDGS INC	UNIT 99/99/9999	639358209	1,006	100,000	SH		DFND		100,000	0	0
NEW PROVIDENCE ACQUISITION	UNIT 09/01/2024	64822P205	1,047	100,000	SH		DFND		100,000	0	0
NEWHOLD INVESTMENT CORP	UNIT 03/10/2025	651448201	1,006	100,000	SH		DFND		100,000	0	0
NORTH MOUNTAIN MERGER CORP	UNIT 09/16/2025	661204206	1,020	100,000	SH		DFND		100,000	0	0
NORTHERN GENESIS ACQUISITION	UNIT 07/31/2027	66516T203	999	100,000	SH		DFND		100,000	0	0
ONE	UNIT 99/99/9999	G7000X113	818	75,000	SH		DFND		75,000	0	0
PEARSON PLC	SPONSORED ADR	705015105	711	100,000	SH		DFND		100,000	0	0
PERSHING SQUARE TONTINE HLDG	COM CL A	71531R109	1,135	50,000	SH		DFND		50,000	0	0
PRIME IMPACT ACQUISITION I	UNIT 10/01/2030	G61074111	2,004	200,000	SH		DFND		200,000	0	0
PROPTECH ACQUISITION CORP	*W EXP 05/26/202	74349F119	164	100,000	SH		DFND		100,000	0	0
QELL ACQUISITION CORP	UNIT 10/01/2025	G7307X121	1,524	150,000	SH		DFND		150,000	0	0
REDBALL ACQUISITION CORP	UNIT 99/99/9999	G7417R121	2,643	250,000	SH		DFND		250,000	0	0
REINVENT TECHNOLOGY PARTNERS	UNIT 99/99/9999	G7483N111	574	50,000	SH		DFND		50,000	0	0
SANDBRIDGE ACQUISITION CORP	UNIT 99/99/9999	799793203	1,497	150,000	SH		DFND		150,000	0	0
SC HEALTH CORP	COM CL A	G78516203	756	75,000	SH		DFND		75,000	0	0
SCVX CORP	UNIT 99/99/9999	G79448109	2,688	250,000	SH		DFND		250,000	0	0
SILVER SPIKE ACQUISITION COR	*W EXP 08/02/202	G8136L114	61	100,000	SH		DFND		100,000	0	0
SILVER SPIKE ACQUISITION COR	CL A SHS	G8136L106	5,065	500,000	SH		DFND		500,000	0	0
SIRIUS INTERNATIONAL INSURAN	COM	G8196D101	622	53,764	SH		DFND		53,764	0	0
SOUTH MTN MERGER CORP	*W EXP 06/20/202	838884112	210	150,000	SH		DFND		150,000	0	0
SPARTAN ENERGY ACQUISITION C	UNIT 99/99/9999	846784114	162	10,000	SH		DFND		10,000	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	559	48,100	SH	Put	DFND		48,100	0	0
SPROTT PHYSICAL GOLD & SILVE	TR UNIT	85208R101	7,059	384,900	SH		DFND		384,900	0	0
STABLE RD ACQUISITION CORP	COM CL A	85236Q109	1,008	100,000	SH		DFND		100,000	0	0
STAR PEAK ENERGY TRANSITION	UNIT 99/99/9999	855185203	1,025	100,000	SH		DFND		100,000	0	0
STARBOARD VALUE ACQUISITN CO	UNIT 09/10/2025	85521J208	2,525	250,000	SH		DFND		250,000	0	0
SUMITOMO MITSUI FINL GROUP I	SPONSORED ADR	86562M209	60,093	10,750,000	SH		DFND		10,750,000	0	0
SUSTAINABLE OPPORTNTS ACQ CO	UNIT 99/99/9999	G8598Y125	829	75,000	SH		DFND		75,000	0	0
TAILWIND ACQUISITION CORP	UNIT 09/07/2027	87403Q201	1,005	100,000	SH		DFND		100,000	0	0
THUNDER BRDG ACQUISTION II L	CL A SHS	G8857S116	3,060	300,000	SH		DFND		300,000	0	0
TOTTENHAM ACQUISITION I LTD	SHS	G8959N106	1,506	138,807	SH		DFND		138,807	0	0
TREBIA ACQUISITION CORP	UNIT 99/99/9999	G9027T125	1,620	150,000	SH		DFND		150,000	0	0
TRIDENT ACQUISITIONS CORP	*W EXP 05/09/202	89615T114	57	154,300	SH		DFND		154,300	0	0
TUSCAN HLDGS CORP	COM	90069K104	7,635	750,000	SH		DFND		750,000	0	0
TUSCAN HLDGS CORP II	COM	90070A103	499	50,000	SH		DFND		50,000	0	0
TWC TECH HLDGS II CORP	UNIT 09/10/2025	90117G204	1,012	100,000	SH		DFND		100,000	0	0
UNILEVER N V	N Y SHS NEW	904784709	5,577	92,328	SH		DFND		92,328	0	0
UNILEVER PLC	SPON ADR NEW	904767704	3,557	57,672	SH		DFND		57,672	0	0
UNION ACQUISITION CORP II	SHS	G9402Q100	993	100,000	SH		DFND		100,000	0	0
VESPER HEALTHCARE ACQSTN COR	UNIT 99/99/9999	92538T203	1,026	100,000	SH		DFND		100,000	0	0
YATRA ONLINE INC	ORD SHS	G98338109	944	1,259,037	SH		DFND		1,259,037	0	0
YUCAIPA ACQUISITION CORP	UNIT 99/99/9999	G9879L121	1,020	100,000	SH		DFND		100,000	0	0