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Rochdale ILW mutual fund continues net asset growth, rising 42%

City National Rochdale Select Strategies (CNRLX), an industry loss warranty (ILW) focused mutual insurance-linked securities (ILS) investment fund, has continued to steadily grow its assets during its last reported quarter, although some loss impacts remain visible in the fund portfolio.

The City National Rochdale Select Strategies Fund ($CNRLX) ILW focused reinsurance and retrocession investment strategy is focused on peak peril and regional U.S. ILW contract investments.

It achieves this exposure through a relationship with the experienced ILW and index reinsurance investment team of Neuberger Berman, accessing risk by investing in cells of the Neuberger Berman ILS team’s NB Re Ltd. vehicle (previously named Iris Re).


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