The City National Rochdale Select Strategies Fund delivered a net return of 11.27% for the year ended January 31st 2026 and its investment adviser said demand for industry-loss warranty (ILW) protection has been elevated, leading it to expect promising opportunities for 2026 portfolio construction.
The City National Rochdale Select Strategies Fund is a mutual insurance-linked securities (ILS) strategy focused on industry loss warranties (ILWs) and catastrophe bonds, that invests the majority of its assets into NB RE Ltd., a Bermuda based structure whose origination and management falls to global asset manager Neuberger Berman’s specialist insurance-linked securities (ILS) investment team.
The City National Rochdale Select Strategies Fund allocates its capital to cells of NB RE to gain exposure to ILW instruments and largely index-trigger cat bonds, while the fund itself is a 40’s Act mutual strategy.
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