FT. LAUDERDALE, Fla., March 1, 2016 /PRNewswire/ -- Community Capital Management, Inc. (CCM), a leading fixed income impact investing manager, is pleased to announce that David Sand has been named Chief Impact Investment Officer ("CIIO"), a role he has been undertaking since Barbara VanScoy (previous CIIO) began her sabbatical last summer. Sand joined CCM in 2013 and has been instrumental in increasing the firm's assets under management and furthering the advancement and education of fixed income impact investments.
"We want to thank Barbara for her significant contributions to CCM," said Alyssa Greenspan, president and chief operating officer of CCM. "With her team at CCM, she helped encourage the production of affordable housing, job training programs and affordable healthcare facilities and improved the firm's impact reporting metrics. All of us wish Barbara the best in her future endeavors."
Greenspan added: "As a pioneer in the development of market-rate, fixed income impact investments, David actively seeks innovative ways to further our clients' impact investing goals. He has worked on numerous initiatives, including the Clinton Global Initiative to invest $200 million over a one-year period in market-rate, fixed income securities that will help revitalize U.S. local communities and the creation of CCM-sponsored, state-specific private funds."
"Since 1999, we have proven that a highly-targeted approach to fixed income investing can yield desirable financial returns and make a real difference in our clients' communities," said Jamie Horwitz, chief marketing officer at CCM. "In 2015, CCM reached its highest asset level and community development investments to date, at $2.2 billion and approximately $7 billion, respectively. We are excited for the continued positive momentum in the fixed income impact investing space."
About Community Capital Management, Inc.
Community Capital Management, Inc. (CCM) is an independently-owned investment adviser registered with the Securities and Exchange Commission. Headquartered in Fort Lauderdale, Florida with offices in Charlotte, North Carolina and Boston, Massachusetts, the firm was founded in 1998 and currently manages over $2 billion in assets as of 12/31/15. CCM's flagship intermediate fixed impact investing strategy is available as a separate account or via a mutual fund. Other products managed by CCM include a liquid alternative income fund and customized separate account strategies. For more information, please visit www.ccmfixedincome.com.
Community Capital Management, Inc. is a Florida-based investment adviser registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940.
SOURCE Community Capital Management, Inc.