Special Opportunities Fund, Inc., launched and managed by Bulldog Investors, LLC, is a closed-ended balanced fund of funds that invests in close-ended funds investing in public equity and fixed income markets. The fund utilizes a range of value, opportunistic, and special situations strategies for its investments and benchmarks its portfolio against the S&P 500 Index. It was formed on February 18, 1993, previously known as Insured Municipal Income Fund, Inc., and is based in the United States.