Mitchell R. Julis
Encyclopedia
Mitchell R. Julis is an American businessman and co-founding partner of Los Angeles hedge fund Canyon Capital Advisors
.
, 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.
. 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
.
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.
Canyon Capital Advisors
Canyon Partners is an employee-owned hedge fund founded by Joshua S.Friedman and Mitchell R. Julis in 1990 located in Los Angeles, California....
.
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 UniversityPrinceton University
Princeton University is a private research university located in Princeton, New Jersey, United States. The school is one of the eight universities of the Ivy League, and is one of the nine Colonial Colleges founded before the American Revolution....
, 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
Harvard Law School
Harvard Law School is one of the professional graduate schools of Harvard University. Located in Cambridge, Massachusetts, it is the oldest continually-operating law school in the United States and is home to the largest academic law library in the world. The school is routinely ranked by the U.S...
and a Masters of Business Administration with honors from Harvard Business School
Harvard Business School
Harvard Business School is the graduate business school of Harvard University in Boston, Massachusetts, United States and is widely recognized as one of the top business schools in the world. The school offers the world's largest full-time MBA program, doctoral programs, and many executive...
. 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 LambertDrexel Burnham Lambert
Drexel Burnham Lambert was a major Wall Street investment banking firm, which first rose to prominence and then was forced into bankruptcy in February 1990 by its involvement in illegal activities in the junk bond market, driven by Drexel employee Michael Milken. At its height, it was the...
. 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
Drexel Burnham Lambert
Drexel Burnham Lambert was a major Wall Street investment banking firm, which first rose to prominence and then was forced into bankruptcy in February 1990 by its involvement in illegal activities in the junk bond market, driven by Drexel employee Michael Milken. At its height, it was the...
.
Founding Canyon
Julis and Friedman founded Canyon Capital Advisors in 1990, after Drexel Burnham LambertDrexel Burnham Lambert
Drexel Burnham Lambert was a major Wall Street investment banking firm, which first rose to prominence and then was forced into bankruptcy in February 1990 by its involvement in illegal activities in the junk bond market, driven by Drexel employee Michael Milken. At its height, it was the...
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.