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Michael Cook Named Co-Chief Portfolio Manager

10/12/2018
Michael Cook

On October 3rd, Michael Cook was named Co-Chief Portfolio Manager for the AFL-CIO Housing Investment Trust (HIT). Mr. Cook, who has been a member of HIT’s portfolio team since 2003, will be sharing overall portfolio management responsibilities with newly named CEO and Co-Chief Portfolio Manager Chang Suh. Mr. Suh held the position of Chief Portfolio from 2003 until assuming his new role as CEO on September 28th.

Mr. Cook is an expert in managing, trading and structuring multifamily securities. He holds the CFA Institute’s Chartered Financial Analyst designation and is a Certified Financial Risk Manager. In his previous capacity as Senior Portfolio Manager, he worked side-by-side with Mr. Suh in executing the daily operations and strategy of the portfolio.

“I have total confidence in Mike’s abilities and passion for our mission,” said Mr. Suh, “Mike knows the HIT portfolio inside and out and we share the same vision for increased investment in affordable housing and delivering strong returns for investors.” A Cleveland native with roots in the labor movement, Mr. Cook relocated to the Washington, D.C. area 15 years ago to apply his economic and financial background to serving the men and women of the labor movement. The energy and passion he brings every day are motivated by the impact that the HIT’s investments have on working families and communities.

“I am ecstatic to step into the Co-Chief Portfolio Manager role,” said Mr. Cook. “Each and every investor is important to me. I’m determined to drive HIT’s strategy to enhance the portfolio’s risk-adjusted returns while expanding our impact in communities by financing more union-built affordable housing.”