(Bloomberg) -- Billionaire John Paulson’s hedge fund firm bought a position in American International Group Inc. in the first quarter valued at $800 million at the end of March, in his latest bet on theinsurance industry.
The New York-based firm purchased 14.6 million shares of AIG, according to a regulatory filing, joining Andreas Halvorsen’s Viking Global Investors in establishing a new position in the company during the quarter.
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