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Little growth at City National Rochdale ILW focused mutual fund

There has been little in the way of assets under management growth at the industry loss warranty (ILW) focused mutual insurance-linked securities (ILS) fund, the City National Rochdale Select Strategies Fund (CNRLX), in the latest quarter.

The City National Rochdale Select Strategies Fund, an interval structured mutual ILS and reinsurance linked assets fund run by Royal Bank of Canada subsidiary City National Rochdale, LLC, reported total net assets of $34.2 million as of January 31st 2018.

This figure was raised to $44.51 million, as of April 30th 2018, suggesting some new inflows, but the valuation of the net assets was only reported to be $30.015 million at the same time.


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