Mitchell R. Julis: A Partnership that Works
A good business partner is hard to find; a great one is seldom seen at all. But they do exist, and a prime case in point would be the partnership between Mitchell R. Julis and another notable whale, Joshua S. Friedman.
These two gentlemen are the Co-Founders and
Born and raised in New York, Mitchell Julis attended Princeton University’s Woodrow Wilson School, graduating in 1977 with a bachelor of arts degree, magna cum laude. Mr. Julis then earned a
During his years at Harvard, Mitchell R. Julis became friends and roommates with Mr. Joshua S. Friedman, with whom he would later form Canyon Partners in 1990. While Joshua Friedman began his career at Goldman Sachs in M&A, Mr. Julis was a bankruptcy attorney at Wachtell, Lipton, Rosen & Katz.
In 1983 Mitchell Julis moved to Beverly Hills, joined bond trading firm Drexel Burnham Lambert and eventually oversaw $500 million of distressed securities. Joshua Friedman soon followed and was in charge of structuring new issues.
But the dollars and cents aren’t the
In other words: “It’s a very good partnership. They play off each other.” The combined experience and expertise of Mitchell Julis and Joshua Friedman, along with a healthy dose of spirited aggressiveness, are the key ingredients that have made Canyon one of the world’s most successful hedge funds; indeed, “Aggressiveness is part of their DNA,” as a client once put it.
Interestingly, Mitchell Julis is a voracious reader who paid $25,250 for
If this has struck you