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ILW fund’s defensive positioning for 2022 hurricane season paid off: CNR CEO

Adopting a defensive position, with respect to the 2022 hurricane season, has paid off for an industry loss warranty (ILW) focused investment strategy, according to the CEO of the City National Rochdale Select Strategies Fund.

The industry-loss warranty (ILW) focused mutual insurance-linked securities (ILS) fund strategy offered by investment adviser City National Rochdale (CNR) delivered a positive net return of 0.98% for the year to January 31st 2023.

CEO Garrett R. D’Alessandro explained that the defensive position adopted for what was expected to be a busy 2022 hurricane season was “the result of our analysis of environmental risk conditions and inflationary factors in a post-COVID economy.”


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