McCook will hold the post of senior investment officer of real estate for the system's $9.8 billion real estate portfolio, among the largest in California, according to Daniel M. Szente, chief investment officer with CalPERS.
He is a 28-year veteran of the real estate industry with extensive experience and expertise in all aspects the business. McCook will oversee and direct internal real estate staff and external advisors responsible for investing in and managing CalPERS investments. He was selected from a initial pool of more than 75 candidates and six finalists.
"Michael has the perfect blend of broad operational experience and strong strategic skills to help us steer our course in an asset class that is growing in strategic importance at CalPERS,'' said Szente. "I am confident that he will add to our already top quality team of professionals in the real estate division, continuing to make CalPERS the investor of choice in the real estate industry."
An estimated $8 billion of CalPERS' vast portfolio is invested in office, retail, industrial and apartment properties. About $1.8 billion is invested in housing, timber, franchise finance and net-leased investments.
McCook graduated from the University of San Diego and replaces Guy Jacquier, who left last spring.
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