You must understand that more information is needed if you want to figure out what the problem is. For instance, when you say "50w multichip LEDs", this does not reveal anything about the # of channels, the voltage/amperage parameters of each channel, and whether the channels are wired in series or parallel or a combination thereof.
If your power supply was marketed as an LED driver, we could probably assume that it outputs a constant 1.5A anywhere between 24-36v range based on the information you provided. It's now equally important to know what the requirements/limits of the LEDs are.
Preliminarily, my guess is either A) the voltage requirement to drive the LED is just higher than what the driver outputs, or B) somehow this mysterious LED has a built-in heat-driven auto shutoff, or C) wired wrong, or D) miscellaneous malfunction