Special Opportunities Fund, Inc. is a closed-end balanced fund of funds managed by Bulldog Investors, LLC. It invests in closed-end funds that invest in public equity and fixed income markets, using a combination of value, opportunistic, and special situations strategies. The fund benchmarks its performance against the S&P 500 Index. It was previously known as Insured Municipal Income Fund, Inc., was formed on February 18, 1993, and is domiciled in the United States.