Samberg Conference Center Opens at Newly Renovated MIT Building

Art Samberg
Art Samberg
Image: www8.gsb.columbia.edu

Arthur J. “Art” Samberg is an accomplished financial executive who achieved success investing in pioneering technology funds and startups. Committed to philanthropy, he contributed funds that led to the establishment and expansion of the Arthur J. Samberg Institute for Teaching Excellence.

In 2016, a significant gift from Rebecca and Art Samberg resulted in the naming of a Massachusetts Institute of Technology conference center in their honor. The center was created as part of a full-scale renovation of the Art Deco-era Morris and Sophie Chang Building, situated in a scenic location on the Charles River. The new center also encompasses a 20,000-square-foot rooftop addition enclosed in glass. In addition, the newly renovated Chang Building contains the headquarters of MIT’s Department of Economics, which allows the consolidation of the MIT Sloan School of Management’s administrative and student services into a single location elsewhere on campus.

An MIT alumni and life MIT Corporation member who chaired the MIT Investment Management Company Board, Art Samberg has described his philanthropic support for the institution as the “ultimate meritocracy.” His present campus involvement includes positions on the MIT Energy Initiative’s External Advisory Board and on the Corporation Executive Committee.

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The Core Semester During MIT’s MBA Program

Massachusetts Institute of Technology (MIT)

 

With over three decades of experience in the finance sector, during which time he established himself as a hedge fund icon, Arthur “Art” Samberg now leads Hawkes Financial LLC, his family office. An educated individual, Art J. Samberg studied for his MBA at Massachusetts Institute of Technology (MIT). Current MBA students at MIT study at MIT Sloan, which focuses on creating a collaborative environment.

During their first, or Core, semester at MIT Sloan, new MBA students are divided into six groups. These cohort groups typically contain approximately 70 people of varying cultural backgrounds, with each individual offering diverse experience and interests to the group. Each cohort works together for the duration of the Core semester.

Within each cohort, students split further into teams of six or seven, with each team working together on assignments and projects, in addition to studying for exams. The overall aim of the Core semester and the cohort idea is to demonstrate the diversity that students will encounter once they enter the workplace and prepare them for it.

Follow Your Passion and Care for Others

Art Samberg
Art Samberg
Image: www8.gsb.columbia.edu

The founder of family office, Hawkes Financial LLC, Arthur “Art” J. Samberg is an alumnus of the Massachusetts Institute of Technology (MIT). Art Samberg was interviewed by AeroAstro, an annual publication of MIT’s Department of Aeronautics and Astronautics, for its 2016 issue.

In the published interview, he talked about his time as an MIT student who could solve the equations but did not really have a feel for the fields of aeronautics and astronautics, and who considered himself a very average student. Working at Lockheed Corporation, he found he could do the job but realized he would never excel. After earning his MBA from Columbia University, he entered the world of finance, found his passion, and soared.

He later founded Pequot Capital Management, Inc., which at one point became the world’s largest hedge fund. The interview also touched on his generous donations to MIT including the Samberg Conference Center and substantial scholarship aid. His parting words to students is to live life to the fullest by following your passion, whatever that may be, and to care for others.

Financial Tips for Small Business Owners

Financial Tips pic
Financial Tips
Image: entrepreneur.com

Holding extensive experience in both the financial services industry and the field of hedge funds, Arthur “Art” Samberg is the former president of Dawson-Samberg Capital Management. Now operating out his family office, Hawkes Financial, LLC, Art Samberg has enjoyed success in founding his own companies.

Small business owners are often tripped up by the financial aspects of running a company. Thankfully, current technology can make managing company finances simpler. Business owners should look to automate payments wherever possible, which saves them the time that would be required to process them manually. However, care must be taken to ensure the account nominated for payments always has adequate funds.

Procrastination is also the enemy of small business owners, particularly those who are not financially astute. Many make the mistake of putting aside financial concerns to focus on the services their companies provide, leading to confusion when they need to address their finances. The best way around this is to create a schedule that allots some time each day for sifting through the financials.

Alternatively, keep in mind that many small businesses now hire professionals to handle finances. According to statistics published by the Wall Street Journal, 50 percent now have either a chief financial officer or controller. Investing in professional services is increasingly being seen as a means for simplifying and streamlining the financial aspects of small business ownership.