The CAD cannot start because the value of the MANAGEDSERVICES option is NONE.
The CAD will not start if MANAGEDSERVICES NONE is set in the option file. The CAD is designed to manage the web client or TSM schedules. By specifying NONE, the CAD will not manage any services.
The CAD will stop processing.
Specify either WEBCLIENT or SCHEDULER for the MANAGEDSERVICES option in the option file then restart the CAD.