Deutsche Asset Management has capped a good week with a mandate from American Skandia Investment Services to oversee $745m (€825m) of funds, the second piece of good news for Deutsche AM within the space of a few days.

The asset management arm of Deutsche Bank had been accused of bowing to pressure from Hewlett-Packard executives to vote for its merger with Compaq in return for the promise of investment banking business for its parent. A Delaware judge dismissed the case earlier this week.