A closed-ended private equity fund that raised $500m (â¬315.8m) in an initial public offering on the London Stock Exchange this week failed to attract any investors in its first morning of trading as concerns about liquidity grow.
Shares in Global MENA Financial Assets, a Middle East and North Africa-focused fund run by Kuwaiti investment company Global Investment House, had not budged by 14.20 GMT today. It had a bid price of 101p and an offer price of 106p per share.
