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Rochdale ILW mutual fund in 6.6% return, says ILW market “compelling”

The City National Rochdale Select Strategies Fund (CNRLX), an industry loss warranty (ILW) focused mutual insurance-linked securities (ILS) investment fund, managed a 6.6% annual return in the year to Jan 31st 2019, while its assets under management increased in the last quarter as well.

Given the focus of the City National Rochdale Select Strategies Fund ($CNRLX) ILW focused reinsurance and retrocession investment strategy on peak peril and regional U.S. ILW contract investments, facilitated by accessing the risk through the portfolio of the Neuberger Berman ILS management team’s NB Re Ltd. vehicle (the renamed Iris Re), this fund managed to avoid much impact from the 2018 catastrophe events.

When we last reported on the City National Rochdale mutual ILS fund it had reported net assets valued at $47.4 million as of October 31st 2018.


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