Special Opportunities Fund (SPE) : Relative Value Partners Group reduced its stake in Special Opportunities Fund by 1.66% during the most recent quarter end. The investment management company now holds a total of 2,309,727 shares of Special Opportunities Fund which is valued at $31.1 Million after selling 38,873 shares in Special Opportunities Fund , the firm said in a disclosure report filed with the SEC on May 11, 2016.Special Opportunities Fund makes up approximately 3.79% of Relative Value Partners Group’s portfolio.
Other Hedge Funds, Including , Shaker Financial Services reduced its stake in SPE by selling 23,350 shares or 26.62% in the most recent quarter. The Hedge Fund company now holds 64,350 shares of SPE which is valued at $865,508. Special Opportunities Fund makes up approx 0.62% of Shaker Financial Services’s portfolio.Ifp Advisors Inc reduced its stake in SPE by selling 6,211 shares or 49.82% in the most recent quarter. The Hedge Fund company now holds 6,257 shares of SPE which is valued at $84,845. Special Opportunities Fund makes up approx 0.01% of Ifp Advisors Inc’s portfolio. Sanders Morris Harris sold out all of its stake in SPE during the most recent quarter. The investment firm sold 44,614 shares of SPE which is valued $605,858.
Special Opportunities Fund Inc. is a diversified closed-end management investment company. The Fund’s investment objective is to achieve total return. The Fund employs an opportunistic investment philosophy with a particular emphasis on investing in discounted closed-end funds undervalued operating companies and other attractive special situations including risk arbitrage and distressed securities. The Fund’s investment portfolio consists of investment companies common stocks money market funds preferred stocks convertible bonds promissory notes liquidation claims warrants corporate bonds rights and convertible preferred stocks. Bulldog Investors LLC is the investment advisor of the Fund.