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This article was originally published October 1st, 2019.
Special Opportunities Fund, Inc. (SPE) has recently released their Semi-Annual report for the period ending June 30th, 2019. The fund, at that time, was holding quite a high portion of cash equivalent (money market funds) in their portfolio, at just over 12%. This isn't necessarily a bad thing as it allows the Bulldog management team an opportunity should one present itself. SPE has a unique mix of assets, primarily a 'fund of funds' approach but has significant holdings in special purpose acquisition vehicles [SPAC] or