Investment giants KKR & Capital Group launch multi-strat interval funds with ILS remit
Indicative of a broader and still developing trend we’ve been covering in recent years, of multi-asset managers adding catastrophe bonds and other insurance-linked securities (ILS) as eligible assets within prospectuses, KKR and Capital Group have begun marketing a pair of 40’s Act interval style mutual funds with ILS part of their remit. While this is […]
City National Rochdale ILW fund roughly flat after pre-hurricane season positioning
After positioning itself in advance of the US hurricane season through Q2 this year, the City National Rochdale Select Strategies Fund, a US mutual insurance-linked securities (ILS) fund that invests in industry-loss warranties (ILW’s) and industry-index trigger catastrophe bonds, was relatively flat in AUM terms. When we last covered this 40’s Act US mutual fund […]