Hedge fund sells stakes in 5 firms

Chicago Tribune – Citadel Investment Group LLC, the $12 billion hedge fund firm founded by Ken Griffin, sold all its shares of Merrill Lynch & Co., ConocoPhillips and Oracle Corp. in the first quarter, according to a regulatory filing.

The Chicago-based firm shed the stocks, which outperformed the Standard & Poor’s 500 index in the period, and bought shares that trailed the market.

Those included retailer TJX Cos., beermaker Molson Coors Brewing Co. and Melrose Park-based cosmetics company Alberto-Culver Co.

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