Billionaire John Paulson's hedge fund bought more than 14.6 million shares of insurer American International Group in the first quarter, while liquidating its position in Chinese e-commerce giant Alibaba , according to a regulatory filing. Paulson & Co.'s stake was worth $800.1 million as of March 31, according to filing-tracking service Whalewisdom.com. Paulson also dumped 1.925 million shares of Alibaba.
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