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Hedgies Getting Bullish On LNE

LOS ANGELES (CelebrityAccess MediaWire) — Another hedge fund is expressing interest in Live Nation as an attractive investment. Jay Petschek and Steven Major's Corsair Capital waxed bullish on the promoter in their Q2 investor letter.

According to Corsair, Live Nation is an attractive investment due to an oligopolistic business, modest capital requirements and somewhat cryptically, secular tailwinds.

Corsair isn't the only hedge fund interested in Live Nation. Another fund, Stephen F. Mandel Jr.'s Lone Pine Capital is the promoter's largest institutional investor, holding more than 9 million shares, or 5% of the company. – CelebrityAccess Staff Writers