{"id":7439,"date":"2008-04-02T00:00:00","date_gmt":"2008-04-02T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"us-hedge-fund-pardus-freezes-redemptions","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2008\/us-hedge-fund-pardus-freezes-redemptions.html","title":{"rendered":"US hedge fund Pardus freezes redemptions"},"content":{"rendered":"<p>CNNMoney.com- New York activist hedge fund Pardus Capital Management LP is halting investor redemptions indefinitely at a time when many of its holdings are plummeting in value, the Wall Street Journal reported.<\/p>\n<p>Pardus, which manages more than $2 billion, is seeking changes at several companies whose stocks it holds, most notably Delta Air Lines Inc. (NYSE:DAL) and UAL Corp. (NASDAQ:UAUA) , the parent company of United Airlines. Pardus has been trying for months to get the two airlines to merge.<\/p>\n<p>It had also been tipped for a possible takeover of French auto parts maker Valeo, in which it had been gradually building its stake.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/money.cnn.com\/news\/newsfeeds\/articles\/newstex\/AFX-0013-24163244.htm\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CNNMoney.com- New York activist hedge fund Pardus Capital Management LP is halting investor redemptions indefinitely at a time when many of its holdings are plummeting in value, the Wall Street Journal reported. Pardus, which manages more than $2 billion, is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7439","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7439","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=7439"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7439\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}