...given fully rational fund managers reasons to jump off the proverbial cliff...

City AM:  Don’t scare away signs of life in City flotations market

...When it comes to the experiences of UK investors in new issues, though, foreign-owned companies aren’t the only ones to have given fully rational fund managers reasons to jump off the proverbial cliff. 

Those who bought shares at the time of the flotations of Ocado, the internet grocer, Promethean World, the whiteboard maker, and Betfair, the internet gaming group, for example, all have reason to rue the new issues market without having gone anywhere near a company owned or controlled by a foreign tycoon...