Michael has spent the last 25 years in the securities industry and the last 20 years in the investment business. In January 2012 Michael joined Cumberland Advisors as a Vice President and the Portfolio Manager for a below investment grade corporate debt strategy designed for both individual and institutional investors. Cumberland manages $2.0 billion of assets in a variety of asset classes including municipal bonds, investment grade corporate bonds, equities and global macro strategies, and provides consulting services on another $1.5 billion of assets. The firm is led by the well-respected investor and market strategist David Kotok.
Prior to joining Cumberland, Michael co-founded Harch Capital Management, LLC 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), Goldman Sachs Asset Management, JPMorgan Chase Asset Management, Highbridge Capital Management, Investcorp, Onex Corporation, Omega Advisers, Inc. and other corporate pension plans. Michael successfully invested on both the long and short sides of the debt markets during this period.
Since 2001, Michael has also edited and authored The Credit Strategist, a newsletter that covers economics, politics and the financial markets and that is widely read around the world. Michael will continue to write The Credit Strategist as he works with Cumberland and expects the newsletter to benefit from Cumberland’s rich research and analytic resources.