Michael has spent the last 25 years in the securities industry and the last 20 years in the investment business. In October 2012, Mr. Lewitt formed The Credit Strategy Advisory Group, a registered investment advisory firm, where he is managing The Third Friday Total Return Fund, the Osprey High Yield Credit Fund, and separate managed accounts for individual and institutions. He continues to write and publish The Credit Strategist, which he views as an essential tool in formulating his investment ideas and strategies.
Michael co-founded Harch Capital Management, LLC (HCM) in 1991, where he managed separate accounts, hedge funds, collateralized debt obligations and mutual funds focused on below investment grade debt for institutional clients that included LACERA (Los Angeles County Retirement Association), Texas Teachers Retirement System, Investec Bank (UK), the ZAIS Group, Goldman Sachs Asset Management, JPMorgan Chase Asset Management, Highbridge Capital Management, Investcorp, Onex Corporation, Omega Advisers, Inc. and other institutional investors as well as high net worth individuals. Michael successfully invested on both the long and short sides of the debt markets during this period. Over his 20 years at HCM, Mr. Lewitt led an investment team that generated consistent market-beating returns.
Since 2001, Michael has also written and published The Credit Strategist, a newsletter that covers economics, politics and the financial markets and that is widely read around the world.
Mr. Lewitt was recognized in the Financial Times as having been one of the few investors and strategists to forecast the financial crisis of 2008, and also predicted the credit crisis of 2001-2002. This allowed him to protect his clients from the large losses that hit many credit funds during those periods. Michael also serves as a regular financial columnist for the Spanish newspaper El Mundo and has written for The New York Times, The New Republic, Trusts & Estates and other publications. In May 2010, Michael published The Death of Capital: How Creative Policy Can Restore Stability (John Wiley & Sons), which was received favorable reviews and was included as part of the curriculum in economics and history courses at the University of Michigan and Brandeis University during the 2010-11 academic year. The Spanish edition of the book, La muerta del capital, was published in June 2011 by the Spanish publishing house La esfera de los libros. Mr. Lewitt is a frequent media commentator on the financial markets. Mr. Lewitt graduated from Brown University (Magna Cum Laude; Honors in Comparative Literature and History); was a PhD Candidate in Comparative Literature at Yale University; and also graduated from New York University Law School (J.D.; LLM in Taxation). Mr. Lewitt is a member in good standing of the New York State Bar.