Two of the largest funds of hedge funds listed on the London Stock Exchange have lost important votes of confidence from some of their investors, amid increasing uncertainty over the sector.

The Goldman Sachs Dynamic Opportunities fund, one of the largest in the sector, said in a note to the exchange yesterday that holders of dollar and euro denominated shares would be allowed to redeem their holding as those classes had not received more than the sufficient 50% to pass a "continuation vote" that had been triggered in January.