About

Michael Lewitt HeadshotThe Credit Strategist newsletter has been published monthly since 2001 by Michael Lewitt and read by the financial elite as well as media, thought leaders, and policymakers around the world. The commentary has been featured in The New York Times, Barron’s, Bloomberg, Forbes, USA Today, PBS Newshour, The New Republic, and El Mundo.

MICHAEL E. LEWITT has managed billions for institutional and high-net-worth clients and created several of the world’s top-ranked credit and hedge funds over a 29-year career. He is widely regarded as the No. 1 credit market strategist working today.

Michael graduated from Brown University and was a PhD candidate in Comparative Literature at Yale before earning a JD and LLM in taxation from NYU Law School. He spent two years in the tax department of Simpson Thacher & Bartlett.

In 1987, he joined legendary investment banking firm Drexel Burnham Lambert. He served alongside Leon Black in NYC, then Michael Milken in Beverly Hills, working on billions of dollars of M&A and corporate finance transactions until the firm filed for bankruptcy in 1990.

He then co-founded Harch Capital Management (HCM) to manage the Milken family’s money, as well as the Drexel Burnham Employee Partnerships, a multi-billion-dollar portfolio of private equity securities that came out of the 1980s LBO boom. Under his leadership, HCM built up a successful money management business. Michael’s investment team managed $1.25 billion in CLOs, one of the top-ranked high-yield credit funds (as ranked by Nelson’s), and a dedicated short fund. They produced strong risk-adjusted returns for clients like Omega Advisors, Investec Bank, Goldman Sachs, and multi-billion-dollar state pension funds LACERA and TRS. Today he manages The Third Friday Total Return Fund, LP, which has won multiple awards, including “Best US Option Strategies Hedge Fund (Since Inception)” from BarclayHedge in 2016, and “2016 U.S. Hedge Fund Manager of the Year” from Wealth & Finance International.

In addition to writing The Credit Strategist, Michael publishes Sure Money and the elite research service Zenith Trading Circle. He also contributes to Money Morning as the Global Credit Strategist. His most recent books are The Death of Capital (Wiley, 2010) and The Committee to Destroy the World (Wiley, 2016).