When Samberg began his first fund in 1986, there were less than 100 hedge funds. By 2000, with George Soros and Julian Robertson retired, the Wall Street Journal reported that Pequot Capital Management had became the largest hedge fund in the world. The fund returned 17.8% net of fees over the life of the fund, even after starting his full first year (1987) down almost 25%.
Samberg discusses his “engineer’s approach” to investing as an exercise in problem solving. His family office focuses on big issue “problem solving” including solar, fusion power, and radioactive cesium reclamation projects – the past is actually live at the Fukushima Daiichi nuclear disaster.
He also was forthcoming about insider trading allegations by the Securities and Exchange Commission that resulted in a $28 million fine and that led to the fund’s closing. He now runs Hawkes Financial, a family office that manages his wealth. He also is chairman of the Samberg Family Foundation, a philanthropy.
Samberg studied Aeronautical engineering and Astronautics at the Massachusetts Institute of Technology. After his getting his Bachelors of Science there, B.S., he earned a Masters in the same subject at Stanford University. He worked at Lockheed Missile and Space Company before getting an M.B.A. from Columbia University. He is a Life Member of the MIT Corporation, and a Member of MIT Executive Committee, and Co-Chair of the Board of Overseers of the Business School at Columbia. He served as Chairman of the MIT Investment Management Company and currently sits on the Board of Advisor of the MIT Energy Initiative.
Next week, we speak with economist Gary Shilling.
Carl Icahn is one of the greatest investors of his generation, if not of all time. In a recent video, he makes a variety of political points, many of which i find myself in agreement about . . . U.S. lawmakers need to end their fiscal inertia. CEOs are taking advantage of the system — as…Read More
Our two-fer-Tuesday, free range morning train reads: • This Is Why Public and Private Market Valuations Are Completely Different (Mahesh VC) see also Silicon Valley Raises $75B in Venture Capital (Chief Investment Officer) • White House report says Internet is a ‘core utility’ just like electricity (CS Monitor) • Seven reasons Volkswagen is worse than Enron (FT) see also A Mucky Business: Systematic…Read More
Category: Financial Press
Not a pretty day, as the Nasdaq gets whacked for 3%, and the Dow closes 1 point over 16,000: click fir full size table
Today’s column might anger some people on the right AND the left. Try not to react emotionally. Instead consider this as a way to point out some obvious truths to your ideological opposites. Take a look at the Robin Hood Index chart at right (via Bloomberg). It shows the effect of confiscating all of the wealth of…Read More
Welcome back to the show. start it right with our Brooklyn sourced, morning train reads: • Stock investors haven’t been this bearish in 15 years (Marketwatch) • How A Little Lab In West Virginia Caught Volkswagen’s Big Cheat (NPR) see also The Study That Started the Volkswagen Scandal (CityLab) • The Rich Are Different. They’re Better Investors. (Bloomberg View)…Read More
Category: Financial Press