Michael E. Lewitt, JD, LLM

Cumberland Advisors
One Sarasota Tower
2 N Tamiami Trl Ste 203
Sarasota, FL 34236

http://www.cumber.com

Michael E. Lewitt joined Cumberland Advisors in January 2012 as a Vice President and the Portfolio Manager for the Opportunistic Debt Strategy. 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 involved in the management of separate accounts, hedge funds, collateralized debt obligations and mutual funds focused on the less-than-investment grade debt markets for U.S. and non-U.S. clients that included LACERA (Los Angeles County Retirement Association), Texas Teachers Retirement System, Investec Bank (UK), Goldman Sachs Asset Management, JPMorgan Chase Asset Management, Highbridge Capital Management, Investcorp, Onex Corporation and Omega Advisers, Inc.  Among the funds that Mr. Lewitt has managed was the HCM High Yield Opportunity Fund, L.P., which was among the highest ranked fixed income funds during the 1994-2000 period; HCM Hegemony Fund, a dedicated short-selling fixed income fund that significantly outperformed its benchmark during the 2004-07 period; and Harch CLO I Limited, which produced an annualized return of 15.46% from March 2000-March 2005.  Since 2001, Mr. Lewitt has edited and authored The Credit Strategist (formerly known as The HCM Market Letter), a newsletter that covers economics, politics and the financial markets and that is widely read around the world.   Mr. Lewitt is recognized as having been one of the few investors and strategists to forecast the financial crisis of 2008 as well as the credit crisis of 2001-2002.  Mr. Lewitt 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, Mr. Lewitt published The Death of Capital:  How Creative Policy Can Restore Stability (John Wiley & Sons), which was included in the curriculum in economics and history courses at the University of Michigan and Brandeis University during the 2010-2011 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 also a frequent media commentator on the financial markets. Mr. Lewitt is a graduate of Brown University (Magna Cum Laude; Honors in Comparative Literature and History); and New York University Law School (J.D.; LLM in Taxation).