Deutsche Bank has been selected to provide fund administration services for Cadence, a Boston-based asset manager with $4 billion in assets under management.
The bank’s first major mandate win of the year is an extension of its existing relationship with Pacific Life Insurance Company – which owns Cadence.
Deutsche Bank Fund Services will provide fund accounting and investor services to the Cadence Global Equity Fund.
“We selected Deutsche Bank for their market-leading technology platform and focus on client service,” said Mike Skillman, CEO at Cadence Capital Management.
“As Cadence grows its global equity fund offering, we know Deutsche Bank will deliver holistic and innovative fund administration solutions.”
According to Global Custodian’s 2016 Hedge Fund Administration Survey, Deutsche Bank counts 101 hedge fund managers among its HFA client base, covering 250 separate funds and 102 funds of funds.
UPDATE: The headline for this story was updated on 22 May 2017.