First Opportunity Fund (FOFI) Stock Price, News & Analysis

First Opportunity Fund, Inc. (the Fund), is a diversified closed-end management investment company. The Fund’s primary investment objective is total return. The Fund invested a significant portion of its investments in private investment partnerships and similar investment vehicles (the Hedge Fund Portfolio), typically referred to as hedge funds (Hedge Funds). In addition, a portion of the Fund’s assets were invested primarily in equity securities issued by financial services companies. The advisers use a third-party pricing consultant to assist the advisers in analyzing, developing, applying and documenting a methodology with respect to certain Fair Value Securities. Its portfolio includes domestic and foreign common stocks, warrants and short-term investments. The Fund's investment advisor is Wellington Management Company, LLP.