GLOBAL MULTI-ASSET GROUP AWARDED DYNAMIC ASSET ALLOCATION MANDATE
Jun 21, 2011
New York, NY, June 21, 2011 – J.P. Morgan Asset Management announced today that Sun Chemical Corporation has appointed J.P. Morgan’s Global Multi-Asset Group (GMAG) for a $300 million Dynamic Asset Allocation Mandate for their US Pension Plan.
The GMAG team 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.
Commenting on the appointment, GMAG Chief Investment Officer for the Americas Jeffrey Geller said, “Sun Chemical sought a thoughtful, strategic partnership through a very diligent review process. We look forward to bringing our intellectual capital and broad investment resources and insights to bear.”
Sun Chemical Corporation Vice President Finance & Treasurer Jeff Berger added, “We recognized the need to put in place a more comprehensive process. J.P. Morgan’s solution is customized around our key objectives and offers the targeted approach we were looking for.”
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About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under supervision of approximately $1.9 trillion and assets under management of $1.3 trillion (as of 3/31/2011), is a global leader in investment management. J.P. Morgan Asset Management’s clients include institutions, retail investors and high-net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. JPMorgan Chase & Co. (NYSE: JPM), the parent company of J.P. Morgan Asset Management, is a leading global financial services firm with assets of $2.2 trillion and operations in more than 60 countries. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
J.P. Morgan Asset Management is the marketing name for the asset management businesses of JPMorgan Chase & Co., and its affiliates worldwide.