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McGuire’s Marcato Boosts Life Time Fitness Stake

The San Francisco–based activist firm now owns 7.6 percent of the upscale gym chain but has not outlined a plan for the company.

Richard (Mick) McGuire III’s Marcato Capital Management has been boosting its stake in Life Time Fitness at the same time that Wall Street’s sell side has been souring on the stock. The San Francisco–based activist hedge fund firm disclosed in a regulatory filing on Thursday that it raised its position in

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