A large number of shareholders in Goldman Sachs' £184m (€208m) listed fund of hedge funds have forced the US bank to make an offer to buy them out, following a prolonged period where the fund's shares have traded at a wide discount to the value of its assets.

Shares in the Goldman Sachs Dynamic Opportunities fund have been trading on average by 14% more cheaply than the per-share value of the fund's assets in the 12 months to March 25.