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 […]