mutual 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.

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 […]

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.

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.

Financial market and securities industry regulators are increasing their focus on investment fund liquidity, as they aim to reduce the risk that in times of stress or crisis fund manager’s are better able to manage liquidity risk and honour investor redemptions.

John Brynjolfsson, who recently announced the shuttering of his own investments firm Armored Wolf and its conversion into a family office, is to join James Alpha Advisors to continue managing its James Alpha Global Enhanced Real Return Fund (GRRIX) strategy.

The Maryland State Retirement and Pension System has allocated $100m to one of the funds managed by the largest catastrophe insurance and reinsurance linked investment manager, Nephila Capital.

Further evidence of the continued appreciation of insurance-linked securities (ILS) such as catastrophe bonds, and reinsurance linked strategies in general today, as Sterling Capital Management announced that it’s added ILS to one of its mutual funds.

Nephila Capital, the largest fund manager in the insurance-linked securities (ILS) and reinsurance-linked investment space, has been selected as a sub-advisor for a second multi-asset class mutual fund operated by Blackstone Alternative Asset Management.

Blackstone Alternative Asset Management, the hedge fund solutions group of investment and private equity giants Blackstone, has reduced its allocation to reinsurance as a response to a changed risk/reward profile for the asset class.