Melvin Makes Big Move into Live Nation

Gabe Plotkin’s embattled long-short fund was still playing catch-up as of the end of August.

(Andrew Harrer/Bloomberg)

(Andrew Harrer/Bloomberg)

Gabe Plotkin’s Melvin Capital Management has made a big long bet on Live Nation Entertainment.

The embattled hedge fund manager on Monday disclosed that it had bought nearly 8.5 million shares of the entertainment promoter, boosting its stake to more than 11 million shares, or 5.1

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