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City National Rochdale ILW fund grows net assets 9% to $168.4m

The industry-loss warranty (ILW) focused mutual fund strategy offered by investment adviser City National Rochdale (CNR) has grown its net assets by roughly 9% during the last quarter of record.

While overall net assets grew by 9%, the investments held by the fund, which are largely in industry-loss warranties (ILW’s), as well as some catastrophe bond positions, grew less quickly at 4.5% over the period, suggesting a slightly higher cash equivalent component for the strategy.

The latest data, as of April 30th 2021, shows the City National Rochdale Select Strategies Fund had just over $168.4 million of total net assets, with almost $148 million of this invested into ILW contracts and cat bonds.


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