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Cable Cars at Mount Kilimanjaro

8/9/2019

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A widely recognized leader in finance, Arthur (Art) J. Samberg led Pequot Capital Management, Inc., one of the largest hedge funds in the world. He is now the owner of Hawkes Financial, LLC, in Katonah, New York. In addition to his professional accomplishments, Art Samberg successfully climbed Mount Kilimanjaro in 2000.

A world heritage site, Mount Kilimanjaro is Africa’s tallest peak and one of the most popular climbs in the world, according to National Geographic. Every year, nearly 50,000 tourists climb Mount Kilimanjaro, which contributes positively to the tourism industry of Tanzania, its home country. To further boost profits, Tanzania is planning to build cable cars that take visitors to the top of the mountain. 

According to Constantine Kanyasu, the deputy minister of the Tanzania tourism department, cable car services will increase the tourist population by 50 percent. The department is conducting feasibility studies and reviewing business plans to determine the next steps for the project.
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    Art J. Samberg, owner of Hawkes Financial LLC (his family office vehicle), was the Chairman and Chief Executive Officer of what was, at one point, the largest hedge fund in the world before he decided to venture into the family investment sector. ​

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