FT. LAUDERDALE, Fla., Nov. 22, 2010 /PRNewswire/ -- Community Capital Management, Inc., the registered investment advisor to the CRA Qualified Investment Fund, announced today the signing of BIC Group, LLC, a third-party, multi-boutique, active distribution sales firm based in Scottsdale, Arizona.
The CRA Qualified Investment Fund has over $1 billion in assets, primarily from institutional investors including banks, foundations, and religious organizations. The Fund seeks to provide above-average, risk-adjusted returns capitalizing on its portfolio of government-related subsectors of the bond market traditionally excluded from the major bond indices.
"For investors looking for diversification away from riskier and more volatile sectors of the bond market, the CRA Qualified Investment Fund is a great option given their ability to find value in potentially higher yielding sectors – specifically, non-correlated government-related sectors," said Jim Kries, President, Head of Sales and Distribution, at BIC Group, LLC. "These sectors can generate a high level of current income while still maintaining a shorter duration versus the Fund's benchmark, the Barclays Capital U.S. Aggregate Bond Index. This combination seeks to provide an added value of protection in a rising rate environment without sacrificing income."BIC Group, LLC will begin marketing the Fund to financial advisors, family offices and institutional investors. Their focus will be on introducing the Fund as a complementary strategy to funds overweight in investment grade corporate bonds, commercial mortgage-backed securities and high yield bonds. "Over the past two years, investment grade corporate bonds, as measured by the Barclays Capital U.S. Corporate Investment Grade subsector, and high yield bonds, as measured by the Barclays Capital U.S. High Yield Index, have returned 46% and 76%, respectively," said Don Evans, President, COO at BIC Group, LLC. "Now may be the optimal time for investors to reallocate into more conservative funds – like the CRA Qualified Investment Fund – which seeks to offer a better risk/reward profile, protecting against both rising interest rates and/or a weakening of the corporate capital structure." "Community Capital is proud to partner with BIC Group, LLC given their well-respected investment professionals and wealth of experience," said David K. Downes, Chief Executive Officer, Community Capital Management. "We are excited about the partnership and look forward to an ongoing affiliation between our two firms." About Community Capital Management and the CRA Qualified Investment Fund Community Capital Management, Inc. is a Fort Lauderdale-based SEC-registered investment advisor. The firm was founded in 1998 by Barbara VanScoy and Todd Cohen to provide fixed income investment services to institutional investors. Its clients include public funds, foundations, financial institutions, faith-based investors, and mission-related investors. 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 community development strategy. Community Capital Management manages over $1 billion in assets under management and offers institutional investors its investment strategy via a separate account or a mutual fund. For additional information, please contact Jamie Horwitz at 877.272.1977 or visit www.ccmfixedincome.com. Index returns are for illustrative purposes only and do not represent actual Fund performance. Index returns do not reflect any management fees, transaction costs or expenses. Indices are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. 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. 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, BIC Group, LLC, or any other affiliate. About BIC Group, LLC BIC Group, LLC is a third-party, multi-boutique, active distribution sales firm who employs a national wholesaling team designed to raise substantial assets on behalf of represented asset management companies. The firm distributes open-end mutual fund, closed-end mutual fund and separately managed account relationships to retail and institutional advisors through a nationwide network of intermediary relationships. With sales and distribution experience across the spectrum of asset classes, BIC Group, LLC has established a superior outsourced sales and distribution network in an increasingly complex and competitive investment environment. BIC Group, LLC is a holding company that serves as the sole member for BIC Distributors, LLC, a registered Broker-Dealer, Member FINRA. For additional information, please contact Don Evans at 480-543-1516 or visit www.bicgroupllc.com. SOURCE Community Capital Management, Inc.