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Holomorphic line bundles on the loop space of the Riemann sphere

The loop space $L\mathbb{P}_1$ of the Riemann sphere consisting of all $C^k$ or Sobolev $W^{k,p}$ maps from the circle $S^1$ to $\mathbb{P}_1$ is an infinite dimensional complex manifold. The loop group $LPGL(2,\mathbb{C})$ acts on $L\mathbb{P}_1$ . We prove that the group of $LPGL(2,\mathbb{C})$ invariant holomorphic line bundles on $L\mathbb{P}_1$ is isomorphic to an infinite dimensional Lie group. Further, we prove that the space of holomorphic sections of these bundles is finite dimensional, and compute the dimension for a generic bundle.