June 23, 2011
Sun Chemical Corp. of Parsippany, N.J., hired J.P. Morgan Asset Management's Global Multi-Asset Group (GMAG) to manage the company's $300 million in U.S. defined benefit assets in a dynamic asset allocation strategy.
GMAG will be managing all aspects of a Dynamic De-risking policy including formulation of the investment strategy, monitoring and implementation. At the core of the strategy is an asset allocation that will be responsive to changes in Sun Chemical's funded ratio with the explicit goal of reaching full funding within a specified time frame.
"Sun Chemical sought a thoughtful, strategic partnership through a very diligent review process,” GMAG Chief Investment Officer for the Americas Jeffrey Geller. "We look forward to bringing our intellectual capital and broad investment resources and insights to bear.”
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