Close this search box.

City National Rochdale begins marketing mutual ILS fund

The City National Rochdale Select Strategies Fund (CNRLX), an industry loss warranty (ILW) focused ILS mutual fund has opened for commitments, as Royal Bank of Canada subsidiary City National Rochdale, LLC, part of City National Bank, has now started to market the fund to investors.

As we’ve covered before, the City National Rochdale Select Strategies Fund is a U.S. 1940’s Act mutual insurance and reinsurance linked securities fund, organised as an interval fund, so able to offer regular but gated liquidity opportunities to investors.

The fund will follow a strategy of investing predominantly in industry loss warranty (ILW) contracts, as well as some other ILS or reinsurance linked contracts, having partnered with Iris Reinsurance Ltd. the collateralized ILS and reinsurance speciality underwriting entity of specialist ILS investment manager Cartesian Iris.


Skip to content