Michael E. Lewitt

Michael
E. Lewitt

Mr. Lewitt has spent the last 25 years in the securities industry and the last 20 years in the investment business.  Mr. Lewitt co-founded Harch Capital Management, LLC in 1991, where he was the co-lead portfolio manager (1991-2001) and lead manager (2001-2011) for all of the firm’s client assets including separate accounts, hedge funds (long and short), collateralized debt obligations and mutual funds focused on the less-than-investment grade debt markets for U.S. and non-U.S. institutional clients as well as high net worth individuals, family office and foundations and endowments. Since 2001, Mr. Lewitt has edited and authored The Credit Strategist, a newsletter that covers economics, politics and the financial markets and that is widely read around the world.   Mr. Lewitt is recognized as one of the few investors and strategists who accurately forecasted and successfully managed client assets through both the 2001-2 credit crisis and the 2008 financial crisis.  Mr. Lewitt 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, Mr. Lewitt published The Death of Capital:  How Creative Policy Can Restore Stability (John Wiley & Sons). The Spanish edition of the book, La muerta del capital, was published in June 2011. 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 graduated from the New York University Law School (J.D.; LLM in Taxation). 

Articles
Two Paramount Questions for Investors in 2014
As we begin 2014, investors are faced with two paramount questions: (1) what will the Federal Reserve do; and (2) how should they react to what the Federal Reserve does?
Tax Reform: Unexpected Casualty
One consequence that nobody in Washington, D.C. was anticipating is that the healthcare law would kill off the chances for any other major legislation to pass during the rest of President Obama’s term in office.
The Real Meaning of the Shutdown
The spectacle of political gridlock is sending an important – and undeniable – message with important investment implications: there’s little prospect of meaningful fiscal reform contributing to economic growth in the years ahead.
Signs of Overexuberant Market
The financial markets have been a tale of two cities since the end of June.
Time to Panic?
It’s yet to be seen whether the recent market correction has run its course. But one thing is certain: the Federal Reserve didn’t expect the panicked reaction that its recent comments on potential policy changes triggered.
Mid-year 2010 Investment Outlook
As the Obama administration and Congress struggled to push financial reform legislation over the finish line, the financial markets enjoyed strong and
The Illusion of Calm?
The financial markets enter 2010 on a much calmer note than they entered 2009, when the worst effects of the financial crisis were still being felt. By
Stability or False Hope?
The financial markets are no longer trading as though the end of the world is nigh, and for that we can all be thankful. Liquidity has been restored to
Drop the Pitchfork!
The torch and pitchfork brigade rose in force to AIG bonuses are outrageous—but taxing them is just plain stupid. Will somebody please start making sense?
Let's Get It Right
Back in the summer,1 I warned that the financial markets were headed for serious problems. But even my worst fears pale in comparison to what actually
It's Going to Get Worse
Half a century ago, the economic historian Karl Polanyi argued in the classic book The Great Transformation that self-regulating markets never work and
It Doesn't Take a Crystal Ball
The bursting of the subprime mortgage bubble and subsequent market meltdown in the summer of 2007 vividly illustrate Karl Marx's adage that history tends
The Market at Mid-Year
Something funny happened on the road to nirvana. After an unusually extended period of calm, the financial markets began acting like markets again at
The King Is Dead, Long Live the King!
It remains to be seen whether anybody was playing a cosmic joke when Hurricane Wilma was tearing South Florida apart at the same time that President Bush
Clean Up Rule 144A
On April 30, 1990, the Securities and Exchange Commission implemented Rule 144A, which it viewed as the first step toward achieving a more liquid and
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