Rochdale ILW fund puts capital to work, grows, but Irma dents returns
Industry loss warranty (ILW) focused mutual insurance-linked securities (ILS) investment fund City National Rochdale Select Strategies (CNRLX), grew its net assets by 13% in the quarter to July 31st, but also saw fresh losses on two positions as hurricane Irma continued to develop. The City National Rochdale Select Strategies Fund is a largely industry loss […]
Rochdale ILW mutual fund continues net asset growth, rising 42%
City National Rochdale Select Strategies (CNRLX), an industry loss warranty (ILW) focused mutual insurance-linked securities (ILS) investment fund, has continued to steadily grow its assets during its last reported quarter, although some loss impacts remain visible in the fund portfolio. The City National Rochdale Select Strategies Fund ($CNRLX) ILW focused reinsurance and retrocession investment strategy […]
Rochdale ILW mutual fund in 6.6% return, says ILW market “compelling”
The City National Rochdale Select Strategies Fund (CNRLX), an industry loss warranty (ILW) focused mutual insurance-linked securities (ILS) investment fund, managed a 6.6% annual return in the year to Jan 31st 2019, while its assets under management increased in the last quarter as well. Given the focus of the City National Rochdale Select Strategies Fund […]
City National Rochdale ILW mutual fund grows as losses settled
Industry loss warranty (ILW) investment focused mutual insurance-linked securities (ILS) fund, the City National Rochdale Select Strategies Fund (CNRLX), has grown in its last reported quarter while at the same time losses from the prior year appear to have been largely settled. When we last reported on the City National Rochdale Select Strategies Fund ($CNRLX) […]
Little growth at City National Rochdale ILW focused mutual fund
There has been little in the way of assets under management growth at the industry loss warranty (ILW) focused mutual insurance-linked securities (ILS) fund, the City National Rochdale Select Strategies Fund (CNRLX), in the latest quarter. The City National Rochdale Select Strategies Fund, an interval structured mutual ILS and reinsurance linked assets fund run by […]
Net assets rise for City National Rochdale ILS fund, but portfolio doesn’t
Total net assets appear to have risen at industry loss warranty (ILW) focused mutual insurance-linked securities (ILS) fund the City National Rochdale Select Strategies Fund (CNRLX) in the last quarterly report, but at the same time the value of investments in the portfolio was almost static. The City National Rochdale Select Strategies Fund, which is […]
Lower Irma estimate helped City National Rochdale ILS fund recover
A lower than expected industry loss from hurricane Irma helped the industry loss warranty (ILW) focused mutual insurance-linked securities (ILS) fund, the City National Rochdale Select Strategies Fund (CNRLX), recover much of its wind ILW losses, as positions moved from being considered a loss to untouched. The 2017 hurricane season caused the City National Rochdale […]
City National Rochdale ILS fund drops 22% on hurricanes
The City National Rochdale Select Strategies Fund (CNRLX), an industry loss warranty (ILW) focused mutual insurance-linked securities (ILS) fund run by Royal Bank of Canada subsidiary City National Rochdale, LLC, saw the value of its investments decline 22% due to the major hurricanes that hit the United States. The asset manager grew the total capital […]
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, […]