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As of March 20, 2015, First Opportunity Fund, Inc. has been acquired by Boulder Growth & Income Fund, Inc. First Opportunity Fund, Inc. is a close ended balanced mutual fund launched and managed by Boulder Investment Advisers LLC. The fund is co-managed by Rocky Mountain Advisers, LLC and Stewart West Indies Trading Co Ltd. It invests in public equity and fixed income markets across the globe. The fund seeks to invest in securities of companies operating across diversified sectors, with an emphasis on financial and financial services-related companies, including savings and banking institutions, mortgage banking institutions, and their holding companies. It primarily invests in value stocks of companies across all market capitalizations. The fund employs fundamental analysis with a bottom-up approach to create its portfolio. First Opportunity Fund, Inc. was formed on March 3, 1986 and is domiciled in the United States.
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