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Pacific Asset Advisors acquires Cadence Capital Management

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Pacific Asset Advisors (PAAL), an investment management firm wholly-owned by Pacific Life Insurance Company, has completed its acquisition of Cadence Capital Management, a boutique investment firm with approximately USD4 billion in assets under management.

Through this acquisition, PAAL gains access to strategic beta solutions that enhance its ability to deliver to its clients' distinct investment opportunities. Cadence continues to operate as an independent investment advisor.
 
“We welcome the Cadence Capital team to PAAL and to Pacific Life,” says Andrew Oleksiw, senior vice president of Corporate Development for Pacific Life. “Their team of investment professionals, led by CEO Michael Skillman, has an average of 20 years of investment experience that enhance PAAL’s ability to develop new investment strategies.”
 
“PAAL has a strong track record of successful alliances with other asset management firms and there is a good cultural fit between PAAL and Cadence,” says Michael Skillman (pictured), CEO of Cadence Capital Management. “We are enthusiastic about our continued ability to work with our clients to meet their investment goals.”

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