City National Rochdale begins marketing mutual ILS fund
The City National Rochdale Select Strategies Fund (CNRLX), an industry loss warranty (ILW) focused ILS mutual fund has opened for commitments, as Royal Bank of Canada subsidiary City National Rochdale, LLC, part of City National Bank, has now started to market the fund to investors. As we’ve covered before, the City National Rochdale Select Strategies […]
Rochdale mutual ILS fund to target $500m, strategy details revealed
In its first two years of operation, the City National Rochdale Select Strategies Fund which has been launched as a U.S. 1940’s Act mutual insurance and reinsurance linked securities fund by a subsidiary of the Royal Bank of Canada, will target raising ILS assets under management of $500 million in its first two years of […]
Rochdale mutual reinsurance fund renamed, will invest in Iris Re
City National Rochdale, LLC’s insurance-linked securities (ILS) and reinsurance linked investment mutual fund is set for launch by the investment advisor. The City National Rochdale Select Strategies Fund expects to invest a significant proportion of its assets in Cartesian’s Iris Re vehicle. City National Rochdale, LLC is a wholly owned subsidiary of City National Bank, […]
Royal Bank of Canada unit Rochdale launches ILS interval fund
A mutual fund investment management unit subsidiary of the Royal Bank of Canada has launched a prospectus for the City National Rochdale Reinsurance Premium Fund, a new ILS and reinsurance interval investment fund. The interval ILS and reinsurance linked mutual investment fund is being offered to investors by investment advisor City National Rochdale, LLC, which […]