Columbia Business School Hosts Six Entrepreneurs in Residence for 2014

Arthur J. “Art” Samberg, a successful hedge fund manager and the former chairman of Pequot Capital Management, the world’s largest hedge fund in the early 2000s, contributes generously to a variety of causes. In 2006, Art Samberg donated $25 million to the Columbia Business School, where he earned his MBA. Those funds allowed the school to endow 20 professorships.

Columbia Business School operates a number of programs for students and faculty, including the Entrepreneur in Residence Program. This program, led by Professor Clifford Schorer, invites four to six businesspeople to be entrepreneurial guests each academic year. These individuals lend their expertise to members of the Columbia community in the process of starting their own businesses, whether they be faculty, staff, or students. They also help develop the school’s entrepreneurship program.

The 2013-2014 Entrepreneurs in Residence include three alumni of the school. All six of the entrepreneurs will present workshops in the spring of 2014. Individuals with Columbia University email accounts may also meet with entrepreneurs by requesting a meeting through the school’s website.

The Arthur J. Samberg Institute for Teaching Excellence at Columbia

In 2002, alumni Art Samberg presented New York’s Columbia Business School with a donation of $10 million, an amount that was then used to establish the Arthur J. Samberg Institute for Teaching Excellence. The goal of the institute is to enhance the learning and teaching experiences of its faculty members by way of quality information, resources, and carefully constructed programs of study. The initiatives focus on insight, research, and forecast and are accessible by senior, junior, and visiting faculty staff at Columbia Business School.

Orientation programs are available for new faculty members, and a mentorship program allows junior faculty to connect with more experienced members, benefitting from their knowledge and wisdom. Teaching workshops are open for public observance by the entire faculty, and the staff members engage in roundtable discussion, individual coaching, and supplying feedback on teacher performance within the classroom. In establishing the institute, Art J. Samberg was successful in creating an initiative to improve the school’s teaching quality, the ongoing benefits of which are still experienced by the faculty and the students today.

The Founding Father of Modern Day Hedge Funds

Art Samberg is the owner of Hawkes Financial, LLC, an investment company based in Katonah, New York. Acclaimed for the financial support he offers to Columbia Business School, a donation by Art J. Samberg was responsible for the establishment of the Arthur J. Samberg Institute for Teaching Excellence. Arthur Samberg is a well-respected expert in the area of hedge funds.

Alfred Winslow Jones, a reserved Australian sociology professional and intellectual, was responsible for founding hedge funds. Born in 1901 in Melbourne, Australia, Jones graduated from Harvard University in 1923 and travelled the world extensively following his graduation. After jaunts in Germany and Spain, Jones decided to pursue further study in the United States and found work as a Fortune magazine journalist. He experienced significant success after the article Fashions in Forecasting was published. This allowed Jones to quit Fortune, and in 1949 he created the first “hedged fund” together with four colleagues.

Jones was known for a measured and intellectual approach to investment; he purchased stocks with leverage and short-sold other stocks simultaneously. This daring and successful technique resulted in attention from the media, though many who tried to copy his investment strategy did not experience the same results. Today, the Jones method is more commonly known as the long/short equities model and remains a popular traditional structure for hedge funds worldwide.

Columbia Business School Reworks Curriculum

Art Samberg, a Columbia Business School alumnus and well-known hedge fund manager, has been honored for his generous donations to the school. In 2002, Art Samberg provided a gift that made it possible for Columbia to begin The Arthur J. Samberg Institute for Teaching Excellence. Four years later, he aided Columbia with a grant that allowed the endowment of 20 new professorships. More recently, in 2013, Art Samberg, a member of CBS’s Board of Overseers, generously pledged $25 million to Columbia Business School toward the construction of the school’s innovative new Manhattanville campus.

As part of its ongoing commitment to preparing its students for the rapidly changing world of international business and economics, the Columbia Business School recently introduced a new core curriculum for the class of 2015. The school unveiled its new approach over the summer of 2013, through a dozen online videos highlighting the most important reasons for the curriculum changes. Made to reflect changes in the modern business world, the new curriculum includes a credit-bearing leadership course that will be held during student orientation, rather than during the first semester; an increase in the number of electives first-year students are permitted to take; an increase in online coursework; and a complete makeover of the decision models course, which will now recognize the importance of big data in modern business.