A recent article in the San Jose Mercury News states, “A small but growing number of individual investors are
examining their retirement funds and portfolios with an eye toward eliminating their exposure to
coal, oil and natural gas.” The article quotes Will Lana of Trillium, who said, “Roughly one-fifth
of our clients are fully divested from the fossil fuel sector. For certain investors, the approach
makes a lot of sense.”
Both Trillium and Green Century have offered fossil fuel free
investment opportunities for years. Green Century announced earlier this year that its Equity Fund
will become fossil fuel free as of April 1st. The firm's Balanced Fund has been fossil fuel free
for many years.
Capital Management (CCM), a Florida-based fixed-income investment adviser, announced this week
the launch of its CCM Alternative Income Fund (CCMX), a multi-strategy fund combining
absolute-return-oriented and income-producing strategies.
The Fund is the second managed
by CCM. Its flagship Community Reinvestment Act (CRA) Qualified Investment Fund was launched in
"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. "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."
Jamie Horwitz of CCM noted in an email that the firm is not aware of
other absolute return funds that incorporate environmental, social, and corporate governance (ESG)
criteria. The Fund produces an annual ESG report; while the report notes that the Fund supports
“companies that recognize the carbon intensity of their businesses,” the Fund itself is not