Welcome!

News Feed Item

Community Capital Management Announces New Liquid, Alternative Mutual Fund

New Fund Targets Risk-Averse Investors Seeking Income and Diversification from Equity Income and Fixed Income Portfolios

FT. LAUDERDALE, Fla., March 19, 2014 /PRNewswire/ -- Community Capital Management, Inc. (CCM), today announced the availability of its new open ended, mutual fund – the CCM Alternative Income Fund (Ticker: CCMNX) – a multi-strategy fund combining absolute-return-oriented and income-producing strategies.

Community Capital Management Logo

"CCMNX was specifically created for investors seeking an income source that actively hedges equity and fixed income market exposures," said David Sand, chief investment strategist at CCM and a portfolio manager of CCMNX. "While researching the space, we noticed plenty of long only bond, dividend and balanced funds that do not hedge; however, the selection of absolute return, income oriented funds was much smaller."  

CCMNX was launched in May, 2013 in an effort to meet conservative yield conscious investors' demands.  As of 3/17/14, the 30-day SEC Yield for CCMNX was 3.80% and as of 12/31/13, its correlation (monthly since inception: 5/31/13) to the S&P 500 and Barclays Aggregate Bond Index was low at 0.01 and negative 0.09, respectively.

"We believe CCMNX should be considered by risk-averse investors who seek a source of income and diversification (or low beta and low correlation) to equity and fixed income markets," said Andrew Cowen, managing member, Badge Investment Partners LLC, sub-adviser to CCMNX. "The Fund is designed to be agnostic to interest rate or equity market movements and should be considered as a part of investors' strategic asset allocation."

In keeping with CCM's expertise in impact and environmental, social, and governance (ESG) investing, CCMNX also incorporates these features and publishes a quarterly ESG report for investors.   For long positions in equity securities, CCM examines holdings quarterly for their standing in areas of corporate ESG risk and performance. For fixed income, a significant portion of the Fund's holdings provide financing for a variety of projects meeting ESG criteria.

CCMNX is the second fund managed by CCM.  It is currently available on a variety of platforms including Charles Schwab, NFS/Fidelity, Envestnet, Pershing, FolioFN, and TD Ameritrade.  The minimum investment is $100,000, which may be waived in certain circumstances.

About Community Capital Management, Inc.

Community Capital Management, Inc. (CCM) is an independently-owned, client-focused, registered investment adviser.  Headquartered in Fort Lauderdale, Florida with offices in Charlotte, North Carolina and Boston, Massachusetts, the firm was founded in 1998 and currently manages approximately $2 billion in assets as of 12/31/13.  CCM's flagship core fixed impact investing strategy is available as a separate account or via a mutual fund (CRA Qualified Investment Fund).  Other products managed by CCM include the CCM Alternative Income Fund and separate account strategies in tax-exempt fixed income impact investing and liability-driven investing. For more information, please visit www.ccmfixedincome.com.

About Badge Investment Partners LLC

Badge Investment Partners LLC (Badge) is a registered investment adviser and was founded in 2013.  Badge offers extensive experience investing across the capital structure and in analyzing, trading and investing in both equity and credit of companies across multiple industries.  Badge currently serves as sub-advisor to the CCM Alternative Income Fund overseeing and managing the equity long/short and high yield credit sectors of the Fund.  For more information, please visit www.badgecapital.com.

As of 12/31/13, the CCM Alternative Income Fund returned 2.31% (since inception: 5/31/13).  Performance quoted is past performance and does not guarantee future results.  Current performance may be lower or higher than the performance data quoted.  An investor's investment return and principal value will fluctuate so that your shares, when redeemed, may be worth more or less than your initial cost.  To obtain the most recent month-end standardized performance, call 877-272-1977.  The unsubsidized 30-day SEC yield is 3.69% (2/28/14).  The total annual operating expenses are 1.99%.  The net expense ratio is 1.60%.  Waivers are contractual and in effect until 9/30/14.   Beta: the measure of a portfolio's volatility.

Community Capital Management, Inc. is a Florida-based investment adviser registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940.

The CCM Alternative Income Fund (formerly the CCM Active Income Fund) is distributed by SEI Investments Distribution Co. (SIDCo), 1 Freedom Valley Dr., Oaks, PA 19456. SIDCo is not affiliated with Community Capital Management or Badge Investment Partners LLC. Investing involves risk, including possible loss of principal. Bonds and bond funds will decrease in value as interest rates rise.  High yield bonds involve greater risks of default or downgrade and are more volatile than investment grade securities, due to the speculative nature of their investments.  The Fund uses investment techniques that are different from the risks ordinarily associated with equity investments.  Such techniques and strategies include hedging risks, merger arbitrage risks, derivative risks, short sale risks, leverage risks, commodities risk, and foreign investment risks, which may increase volatility and may increase costs and lower performance. Commodities can be highly volatile and the use of leverage may accelerate the velocity of potential losses.

Carefully consider the Fund's investment objectives, risks, charges, and expenses. This and other information can be found in the Fund's prospectus which can be obtained by calling 866-202-3573. Please read it carefully before investing.

Logo - http://photos.prnewswire.com/prnh/20090915/FL72153LOGO

SOURCE Community Capital Management, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
Kubernetes is a new and revolutionary open-sourced system for managing containers across multiple hosts in a cluster. Ansible is a simple IT automation tool for just about any requirement for reproducible environments. In his session at @DevOpsSummit at 18th Cloud Expo, Patrick Galbraith, a principal engineer at HPE, discussed how to build a fully functional Kubernetes cluster on a number of virtual machines or bare-metal hosts. Also included will be a brief demonstration of running a Galera M...
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
As ridesharing competitors and enhanced services increase, notable changes are occurring in the transportation model. Despite the cost-effective means and flexibility of ridesharing, both drivers and users will need to be aware of the connected environment and how it will impact the ridesharing experience. In his session at @ThingsExpo, Timothy Evavold, Executive Director Automotive at Covisint, will discuss key challenges and solutions to powering a ride sharing and/or multimodal model in the a...
If you’re responsible for an application that depends on the data or functionality of various IoT endpoints – either sensors or devices – your brand reputation depends on the security, reliability, and compliance of its many integrated parts. If your application fails to deliver the expected business results, your customers and partners won't care if that failure stems from the code you developed or from a component that you integrated. What can you do to ensure that the endpoints work as expect...
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lea...
IoT is fundamentally transforming the auto industry, turning the vehicle into a hub for connected services, including safety, infotainment and usage-based insurance. Auto manufacturers – and businesses across all verticals – have built an entire ecosystem around the Connected Car, creating new customer touch points and revenue streams. In his session at @ThingsExpo, Macario Namie, Head of IoT Strategy at Cisco Jasper, will share real-world examples of how IoT transforms the car from a static p...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
From wearable activity trackers to fantasy e-sports, data and technology are transforming the way athletes train for the game and fans engage with their teams. In his session at @ThingsExpo, will present key data findings from leading sports organizations San Francisco 49ers, Orlando Magic NBA team. By utilizing data analytics these sports orgs have recognized new revenue streams, doubled its fan base and streamlined costs at its stadiums. John Paul is the CEO and Founder of VenueNext. Prior ...
One of biggest questions about Big Data is “How do we harness all that information for business use quickly and effectively?” Geographic Information Systems (GIS) or spatial technology is about more than making maps, but adding critical context and meaning to data of all types, coming from all different channels – even sensors. In his session at @ThingsExpo, William (Bill) Meehan, director of utility solutions for Esri, will take a closer look at the current state of spatial technology and ar...
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, will discuss the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports. The session will include a working demo and a technical d...
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
Businesses are struggling to manage the information flow and interactions between all of these new devices and things jumping on their network, and the apps and IT systems they control. The data businesses gather is only helpful if they can do something with it. In his session at @ThingsExpo, Chris Witeck, Principal Technology Strategist at Citrix, will discuss how different the impact of IoT will be for large businesses, expanding how IoT will allow large organizations to make their legacy ap...
The many IoT deployments around the world are busy integrating smart devices and sensors into their enterprise IT infrastructures. Yet all of this technology – and there are an amazing number of choices – is of no use without the software to gather, communicate, and analyze the new data flows. Without software, there is no IT. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the protocols that communicate data and the emerging data analy...