CalPERS Taps SIO for Real Assets From Morgan Stanley

Calpers

CalPERS has hired Paul Mouchakkaa to be its senior investment officer for real assets.

Mouchakkaa has previously been a managing director at Morgan Stanley and Pension Consulting Alliance. He’s also worked at CalPERS as a real estate portfolio manager.

More from Globe St.:

As SIO of real assets, the Los Angeles-based Mouchakkaa will manage a 60-member professional staff, with responsibility for implementing and managing investment strategy and policy for the pension fund’s $29.6-billion portfolio in real assets worldwide. He will also contribute as a member of the investment office’s senior management team in developing CalPERS overall investment strategy.

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“Paul is a talented and experienced real estate professional, and we’re thrilled to have him on our team,” Eliopoulos says. “He has a proven track record of success and I’m confident that will continue at CalPERS.”

CalPERS’ real assets arm is made up of the real estate, infrastructure and forestland programs. Largest of these is real estate, which holds more than $25 billion in retail, office, industrial and other property assets. This past October, CalPERS said it planned to increase its commercial real estate allocation by 27% over the next year, upsizing its exposure by as much as $7 billion.

Mouchakkaa will start at CalPERS on March 2.

 

Photo by  rocor via Flickr CC License

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