Community Capital Management Announces Organizational Changes; Reaches $2 Billion in Assets

FT. LAUDERDALE, FL (February 18, 2015)

Community Capital Management, Inc. (CCM), a leading fixed income impact investing manager, today announced the following organizational changes:

  • David K. Downes has been named Vice Chair.  He was formerly serving as CEO.  He will function as the primary liaison between CCM and the Board of Directors for the Community Capital Trust.  The Trust consists of two separate entities, The Community Reinvestment Act (CRA) Qualified Investment Fund and the CCM Alternative Income Fund.
     
  • Todd Cohen will assume the role of CEO in addition to his current role as Chief Investment Officer.  In his new position, Todd will focus on strategic initiatives and expanding the firm’s impact-focused product offerings in response to the growth of impact investing, specifically in fixed income.  He will continue to oversee and manage the firm’s investment team.
     
  • Alyssa Greenspan, CFA, will assume the role of President in addition to her current role as Chief Operating Officer. Alyssa will further expand her role in managing the day-to-day operations of the firm, performing tasks aimed at developing CCM’s vision, creating long- and short-term strategies surrounding the sales and marketing of products and services, as well as working with the CEO on the development of current and new offerings.

Barbara VanScoy, founder and chief impact investment officer of CCM, commented on the changes: “We are delighted to have David, Todd and Alyssa take on these new levels of increased responsibility for our firm.  They are all widely respected within the firm and in the fixed income impact investing space and have been instrumental in the organization reaching $2 billion in assets.  We are excited for CCM’s next level of growth in the impact investing world.”

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 $2 billion in assets as of 12/31/14.  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.