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David Sand joins Community Capital Management as chief investment strategist

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Community Capital Management (CCM), a fixed income impact investing manager and adviser to the CRA Qualified Investment Fund, has appointed David Sand as chief investment strategist. 

 
He will focus primarily on business development and creating new products to meet the needs of existing and future clients. 
 
Sand will open a new Boston office, enabling the firm to expand its presence in the northeast.  CCM currently has offices in Fort Lauderdale, Florida and Charlotte, North Carolina and manages approximately USD1.9bn in fixed income assets.
 
Sand brings more than 30 years of investment management experience and is a trailblazer in the socially responsible/impact investing arena. In 1994, Sand co-founded Access Capital Strategies and served as its president and chief investment officer from 1994 to 2010. In this capacity, he pioneered the development of market-rate, fixed income impact investments for institutional investors and helped grow the Community Investment Fund to over USD650m in assets. Access Capital Strategies was acquired by the US investment management arm of the Royal Bank of Canada in 2008.
 
Most recently, he worked as a consultant to Community Development Financial Institutions (CDFIs), non-profits and social enterprises. Before that, he served as chief investment officer of CDT Advisors, the investment management arm of the Community Development Trust, a for-profit CDFI based in New York.
 
Sand serves on the New York Advisory Board for Enterprise Community Partners and is a former board member of US SIF: The Forum for Sustainable Investment.
 
"This is a natural fit for our organisation and we are very excited to have someone with David’s extensive experience joining our team," says David Downes, chief executive of Community Capital Management.  "There is a tremendous amount of progression in impact investing and bringing David on board will allow us to further leverage this momentum and expand our product offerings in this growing space."
 
Sand adds: "CCM is a well-established firm in the field of impact investing with exceptional investment capabilities. I have known the team for many years and now is a great time to be coming aboard."

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