City National Rochdale’s ILW fund grows 8% to $218mn
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City National Rochdale’s ILW fund grows 8% to $218mn

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City National Rochdale Select Strategies Fund grew 8% over the year to 31 October 2023 to reach $217.6mn in assets under management (AuM), as it took up a defensive stance for the 2023 hurricane season.

The fund, which makes reinsurance investments in ILWs and cat bonds via Neuberger Berman’s ILS team, increased deployed and invested assets by 13% over the same timeframe to $213mn.


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