International Paper Co., Stamford, Conn., will revamp its $4 billion 401(k) plan next year, and offer participants the ability to invest in portfolios of its defined benefit pension plan, such as its large-cap equities investments.
Robert Hunkeler, vice president and director of investments, said eventually participants will be able to invest in the pension plan’s hedge fund-of-funds portfolios as well. Fund officials hope to complete an invitation-only search for two hedge fund-of-funds managers by the end of summer, he said.
