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.
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.
Arthur J. Samberg graduated from Columbia Business School with a master of business administration in 1967. Art Samberg became a successful investment banker and led multiple investment firms, and he continues his investment ventures into retirement. Since graduating, Art Samberg has made multiple donations to his alma mater, most recently in 2013, when he pledged $25 million for the construction of the new Manhattanville campus.
Samberg was not alone in his donation, as fellow ’67 graduate Mario J. Gabelli pledged an additional $15 million, for a combined $40 million. The pair not only graduated in the same year but also sit on the Columbia Business School Board of Overseers. Samberg was quoted as saying, “In supporting Columbia Business School, I’m helping others, who didn’t grow up in the same environment, get a chance to advance.”
His charitable work includes not only donations of time and money to Columbia Business School but also work for other charities and nonprofits, including College Summit, Historic Hudson Valley, and the UJA-Federation of New York. Pre-construction for the Manhattanville campus began in 2008, and construction is still in progress. Ongoing construction updates are available via the official campus website.
Art Samberg has one of the longest-running careers on Wall Street. He started his first fund in 1986, which he managed continuously until 2009, retiring from the firm he founded, Pequot Capital Management, Inc. Aside from establishing Pequot, Art Samberg served as president of Dawson-Samberg Capital Management and as a partner at Weiss, Peck and Greer.
Following a generous gift to his alma mater, Columbia Business School founded The Arthur J. Samberg Institute for Teaching Excellence. The Institute aims to enhance the educational experience at Columbia Business School through providing training programs and other professional resources for both students and faculty.
In October 2014, over 500 Columbia Business School graduates took part in a two-day event focusing on investment and innovation in Singapore. Hosted by the Ritz-Carlton Millenia Hotel, the symposium welcomed top business executives and economic scholars, including Henry Kravis, class of ’69, who is co-chairman of Kohlberg Kravis Roberts & Company, and Charles Li, CEO of Hong Kong Exchanges and Clearing.