Madison Property Fund Managers has cancelled its planned listing of the Global Phoenix Investments Fund on the Bermuda Stock Exchange after disappointing results.

With listed property shares trading at 20%-30% of 2007 prices, there are real opportunities for investors to acquire meaningful stakes in undervalued companies.

It takes an impeccably-timed venture, with an exceptional executive team, to leverage opportunities in a global economic downturn, but Global Phoenix Investments Limited is planning to do just that