Intel Lawsuit Questions Place of Hedge Funds in Retirement Plans
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Intel’s $14.6 billion employee retirement plan made big bets on on hedge funds and private equity.CreditNorbert Von Der Groeben/European Pressphoto Agency
“We push the boundaries.”
That’s how Intel Corporation, the respected Silicon Valley computing giant, describes its role as an innovator and creator of value for shareholders, customers and society.
But pushing boundaries in another area — oversight of its $14.6 billion employee retirement plans — is bringing Intel unwanted scrutiny. Big bets on hedge funds and private equity in those plans drew a lawsuitlate last month from a former employee, Christopher M. Sulyma. He contends that these investments have increased risks and costs in the retirement portfolios, hurting plan participants…
Intel Lawsuit Questions Place of Hedge Funds in Retirement Plans
