UPDATE 1-Pardus $2 billion hedge fund suspends withdrawals


(Adds details, byline) By Dane Hamilton NEW YORK, March 31 (Reuters) - Pardus Capital Management, a global activist hedge fund with over $2 billion in assets, said on Monday it suspended investor withdrawals in the face of slumping values of some of its holdings and demands for capital return. Pardus -- which holds positions in both Delta Air Lines Inc and United Air Lines parent UAL Corp and has urged the companies to merge -- said it suspended redemptions "to protect the funds and ...

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