Sun Chemical Corp., Fort Lee, N.J., revised the asset allocation of...

Sun Chemical Corp., Fort Lee, N.J., revised the asset allocation of its two defined benefit plans, which have a combined $178 million in assets, said Kathy Zevola, financial consultant. Domestic equity was increased to 62% of plan assets, from 52%, and high-yield fixed income was raised to 10% from 8%. Core fixed income was reduced to 18% from 25%; and international equity was reduced to 10% from 15%. Manager-of-managers Northern Trust advised, Ms. Zevola said.