Intel Subject of Lawsuit Over Risky Hedge Fund Investments

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Mark Melin
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The internal pension fund manager at Intel Corporation breached its fiduciary responsibility by investing in “risky and high-cost” hedge funds, a former Intel employee is charging in a lawsuit. The legal challenge comes as earlier this year Intel hired AllianceBernstein to manage the pension’s investments, in part citing the desire to release it of fiduciary responsibility over decisions and to streamline operations. Employee files suit against Intel in California court The suit, filed by former employee Christopher M. Sulyma in U.S. District Court in San Jose, CA Thursday, was first reported by Pensions and Investments Magazine. “The investment committee’s allocation decisions…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.