Mitchell R. Julis

Mitchell R. Julis (born in Bronx, NY) is an American businessman and co-founding partner of Los Angeles hedge fund Canyon Capital Advisors.^[1]

Early Life and Education

He is the son of two educators: Maurice Julis and Thelma Rabinowitz Julis. Mitchell Julis attended the Woodrow Wilson School at Princeton University, graduating in 1977 with a bachelor of arts degree magna cum laude. He then earned a Juris Doctor degree, magna cum laude, from Harvard Law School and a Masters of Business Administration with honors from Harvard Business School. During his years at Harvard, Julis became friends and roommates with Joshua S. Friedman, with whom he would later form Canyon.

Early Career

A summer internship with a bankruptcy firm in Los Angeles lessened Julis’ interest in practicing law. Dissatisfied with the experience, he began writing articles about the uses of bankruptcy in the entertainment industry. In 1982, Julis was reporting an article for Los Angeles Magazine about getting rich in a recession, which led him to interview Henry Wilf, an employee of bond trading firm Drexel Burnham Lambert. The conversation convinced Wilf that Julis would be better suited to investing than to journalism. In 1982, Julis took a job as a bankruptcy and creditors’ rights attorney at New York law firm Wachtell, Litpton, Rosen & Katz. Julis and Wilf stayed touch and Wilf introduced Julis to Lowell Milken, the younger brother of Drexel chief Michael Milken. In November 1983, Julis joined Drexel Burnham Lambert.

Founding Canyon

Julis and Friedman founded Canyon Capital Advisors in 1990, after Drexel Burnham Lambert was closed in 1990. Canyon is a multistrategy hedge fund that invests in such asset classes as bank debt, high yield and distressed securities, securitized assets and equities.^[2]

Personal

Mitchell has served on the advisory council of Princeton's Department of Economics. In addition to the gift to establish the center, the Julis family also created the Julis Foundation Preceptorship at Princeton in 2007. The center is named in honor of his father and mother, Maurice Julis and ^[3] Thelma Rabinowitz Julis who taught in New York during the 1970s.Aspire: A Plan for Princeton - News & Videos - Gift establishes Julis-Rabinowitz Center for Public Policy and Finance at Princeton</ref>

References

1. ^ The 50 Largest US Hedge Fund Managers. Hedge Fund Journal. Accessed Apr, 2010.
2. ^ List of Private Companies Worldwide - BusinessWeek
3. ^ Canyon Capital Matters - AbsoluteReturn-Alpha