A longtime philanthropist, Art Samberg donates to charities, educational entities, and cultural groups, both personally and through foundations he and his family have established. He serves on the Board of Directors of Jazz at Lincoln Center, the Jacob Burns Film Center (Chairman Emeritus), Historic Hudson Valley, College Summit, and New York-Presbyterian Hospital. He formerly served on the Board of Directors of UJA (Senior Chairman-Wall Street and Financial Services Division), National Board of Directors of the Network for Teaching Entrepreneurship, the Center for Jewish History, and Partner in Birthright Israel. 

A graduate of the Columbia University Business School, Art Samberg gave his alma mater a $25 million matching grant to strengthen the school's faculty and fund endowed chairs. He is Co-Chairman of the school's Board of Overseers and is a member of the Overseers Executive Committee. Also a graduate of the Massachusetts Institute of Technology, Art Samberg is a life member of The Corporation and serves on the Executive Committee at MIT and the Board of Advisors of the Massachusetts Institute of Technology Energy Initiative. Art Samberg is also a former Chairman and member of the Massachusetts Institute of Technology Investment Committee. 

Art Samberg is regarded as a pioneer and titan of the hedge fund industry. Since 1986, he managed his flagship Partners Fund, which provided excellent returns to his investors –annualized gains over the life of the fund of 16.8% after investor fees were deducted (compared with 8.5% for the S&P 500). He served as Chairman of the Board and Chief Executive Officer of Pequot Capital Management, Inc., in Westport, Connecticut, a firm recognized in the late 1990s and early 2000’s as an industry leader. In 2000 and 2001, Pequot Capital ranked as the world's largest hedge fund. At its height, Pequot Capital numbered more than 300 employees and included 20 separate funds. During this time, he was a regular participant in the Barron’s Roundtable. Art Samberg closed the company in 2009 to start a family investment enterprise. 

Today, Art Samberg manages his family-only investment enterprise through Hawkes Financial, LLC., based in Katonah, New York. In addition, he is Chairman of the Board of JetSuite, and he serves on the board of Tri-Alpha Energy. 

Apart from investing, Art Samberg remains active in financial circles. In December 2011, he addressed the subjects of alternative and long-only investing as part of a panel hosted by the New York Hedge Fund Roundtable. The session was moderated by CNBC Power Lunch co-anchor Tyler Mathisen. 

An adventurer, Art Samberg summited Mount Kilimanjaro, Africa's highest peak, in 2000.