Community Capital Management Announces Organizational Changes, Expands Investment Team In Response To Continued Firm Growth

Barbara VanScoy appointed Chief Impact Investment Officer; Elliot Gilfarb promoted to Portfolio Manager; Cayce Shawn hired as Mortgage-Backed Securities Trader

Mar 05, 2013, 14:18 ET from Community Capital Management, Inc.

FT. LAUDERDALE, Fla., March 5, 2013 /PRNewswire/ -- Community Capital Management, Inc. (CCM), a leading fixed income impact investing manager, announced today organizational changes.  Given the increasing demand for fixed income impact investments, the changes will enable CCM to expand key business, better serve existing and future clients, and prepare for future asset growth.

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Barbara VanScoy has been named to the new position of chief impact investment officer (CIIO).  This change better reflects Barbara's role in managing the company's Community Reinvestment Act (CRA) and impact investment efforts.  To date, Barbara and her team have overseen $5 billion invested in impact investments since CCM was created in 1998.  Barbara is co-founder of CCM and continues to serve as senior portfolio manager of the firm's $1.5 billion CRA Qualified Investment Fund.  Barbara is based in the firm's Charlotte, North Carolina office.

Additional organizational changes to the investment team include the promotion of Elliot Gilfarb to portfolio manager.  Gilfarb joined CCM in 2006 as a trading associate.  He was promoted to junior portfolio manager in 2010 and in 2012, was awarded the Chartered Financial Analyst (CFA) designation. He will work with senior portfolio manager Michelle Rogers and focus on managing the firm's separate accounts.

CCM is also excited to announce the hire of Cayce Shawn, an experienced mortgage-backed securities (MBS) trader previously with Mesirow Financial. Shawn will be based in the firm's Weston, Florida office.  He will report to Rogers and will primarily be responsible for trading of the firm's MBS.  Shawn joined Mesirow in 1997 working his way up to senior vice president and brings a wealth of experience in trading, management and trading technology.

CCM's CEO David Downes said: "Expanding the investment team and making these organizational changes increases efficiency and enhances our investment capabilities.  At the same time, establishing Barbara as chief impact investment officer better portrays the depth of her impact investing research experience and her extensive background and knowledge in this flourishing space."

About Community Capital Management, Inc. and the CRA Qualified Investment Fund Community Capital Management, Inc., a Fort Lauderdale-based SEC-registered investment adviser, was founded in 1998 and specializes in managing fixed income impact investments.  The CRA Qualified Investment Fund was launched in 1999 and has grown to include investments from more than 300 banks/thrifts and other types of investors interested in its impact investing strategy. Community Capital Management manages over $1.8 billion in assets and offers institutional investors its investment strategy via a separate account or a mutual fund.  For more information, please visit Community Capital at and/or the CRA Qualified Investment Fund at

Community Capital Management, Inc. is a Florida-based investment adviser registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940. Investing involves risk including the loss of principal.  Bonds and bond funds are subject to interest rate risk and will decline in value as interest rates rise.  The Fund is not diversified. Carefully consider the risks, investment objectives, charges and expenses of the Fund before investing. The prospectus contains this and other important information. Call 866-202-3573 for a prospectus. Please read the prospectus carefully before investing. The CRA Qualified Investment Fund is distributed by SEI Investments Distribution Co. (SIDCO) which is not affiliated with Community Capital Management or any other affiliate.

SOURCE Community Capital Management, Inc.