Unwinding Activist Hedge Funds?
Interesting to see that activist hedge fund Pardus Capital is being forced to stop redemptions. The firm has positions in the Delta Airlines, United Airlines, and Atos Origin, and on Monday it apparently told investors couldn't (temporarily) have their money back.
Interesting. While there has been much discussion of issues with private equity investors being forced out of deals for which they could no longer find financing, is something similar happening unremarked to activists? Are their target companies' stocks so badly broken that activists are being forced to divest positions and abandon more targets than usual? If so, the rest would be interesting, to say the least, given the huge number of activist hedge fund that have come into the market in recent years.
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