Paulson Buys Verizon, Actavis, Sells Questcor And InterOil

Everyone was buying Verizon Communications Inc. (NYSE:VZ) in the last quarter. According to the Q1 13F filing of Paulson & Co., the hedge fund bought 8.7 million shares of the telecom company in the first quarter, making it the top pick of the period.  Other funds who have taken up new positions in Verizon include, Third Point, Berkshire Hathaway, Hayman Capital and Lansdowne Partners.     Paulson Advantage fund Q1 merger arbitrage letter, a copy of which was reviewed by ValueWalk, discussed the hedge fund’s concentration in wireless companies. The letter said that U.S wireless industry could undergo a strong consolidation wave…