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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 read the full article →

Pioneer ILS Interval fund shrinks as catastrophe loss development continues

Amundi Pioneer Investment Management's dedicated insurance-linked securities (ILS) mutual investment fund strategy has shrunk in the last quarter of record, as ongoing catastrophe loss development shows in its portfolio.The Pioneer ILS Interval Fund grew its total net assets to $992 million by October 31st 2018, while at the time the read the full article →

Premium income outweighs losses for Pioneer ILS Interval Fund

Asset manager Amundi Pioneer Investment Management's flagship dedicated insurance-linked securities (ILS) fund, the Pioneer ILS Interval Fund, managed a positive return of over 5% in the year to October 31st 2018, as premium income earned outweighed insured losses for the managers' ILS portfolio.The Pioneer ILS Interval Fund invests broadly across read the full article →

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 read the full article →

Amundi Pioneer hires underwriter Campbell Brown as ILS portfolio manager

Asset management giant Amundi Pioneer Investment Management has hired experienced reinsurance underwriter Campbell Brown as a portfolio manager for its range of insurance-linked securities (ILS) fund strategies.Amundi Pioneer manages somewhere around $2.3 billion of ILS and reinsurance linked investments across a range of investment strategies, including its dedicated mutual ILS read the full article →

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 read the full article →

Pioneer ILS Interval fund hits $983m, but catastrophe impacts show

Assets under management of the Pioneer ILS Interval Fund have grown sharply again in the last quarter of record, jumping another 21% to reach almost $983 million at the end of July 2018. However, the impacts of the 2017 catastrophe losses is evident in the reduced valuations of many positions read the full article →

Pioneer ILS Interval mutual fund grows another 20% to $810m

In the quarter of record ending April 30th 2018, the Pioneer ILS Interval Fund, a U.S. mutual insurance-linked securities and reinsurance linked investment fund managed by Amundi Pioneer Investment Management, increased its assets under management by 20% to reach $810 million.Three months earlier, at the end of January 2018, the read the full article →

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 read the full article →

Amundi Pioneer seeks to add second ILS interval fund share class

Asset management giant Amundi Pioneer Investment Management is seeking to add a second share class to its expanding U.S. mutual fund insurance-linked securities and reinsurance linked investment strategy, the Pioneer ILS Interval Fund, which would help to broaden its appeal to investors.In a filing with the SEC, Amundi Pioneer Asset read the full article →