SPEcial Opportunities Fund Inc is a closeended balanced fund of funds launched and managed by Bulldog Investors LLC It invests in closeended funds investing in public equity and fixed income markets The fund employs a combination of value opportunistic and SPEcial situations strategies to make its investments It benchmarks the performance of its portfolio against the SP 500 Index The fund was previously known as Insured Municipal Income Fund Inc SPEcial Opportunities Fund Inc was formed on February 18 1993 and is domiciled in the United States