Bulldog Investors, LLC manages the close-ended balanced fund of funds, Special Opportunities Fund, Inc., which invests in close-ended funds focused on public equity and fixed income markets. The fund utilizes a strategy of value, opportunistic, and special situations to make investments and benchmarks its portfolio against the S&P 500 Index. Formerly Insured Municipal Income Fund, Inc., the fund was established on February 18, 1993, and is based in the United States.