About
Kevin Grasmick is a partner at PAR Capital Management Inc., where he plays a critical role in formulating investment strategies and optimizing asset performance. Based in Bethesda, Maryland, he is recognized for his expertise in equity research, investment management, and corporate finance, particularly across global markets and the transportation sector. His responsibilities include overseeing portfolio investments, conducting in-depth market analysis, and contributing to the firm’s overall strategic direction within the hedge fund and asset management space.
Kevin’s investment focus has a strong emphasis on the airline and transportation industries, derived from his previous role as Associate Director for Airlines Equity Research at UBS, where he provided sector-leading analysis to institutional investors. Additionally, his earlier career at FBR and GAMCO Investors honed his analytical skills in equity research and market trading, further deepening his insight into public equities, especially within sectors tied to consumer services and transportation.
He holds an MBA in International Business and Finance from Columbia Business School and a BS in Finance from Fordham University. Kevin is recognized for his leadership in building effective financial strategies, mentoring finance professionals, and consistently driving investment innovation and performance achievement within the investment industry.
Career History
| Organization | Role | Date Range | Details | 
|---|---|---|---|
| Par Capital Management | Partner | Jan 2012 to Jan 2020 | — | 
| Ubs | Assoc Director - Airlines Equity Research | Jun 2009 to Apr 2012 | — | 
| FBR | Equity Research | Jan 2007 to May 2008 | Equity research in aerospace and defense sector. | 
| Ingenium Corporation | Manager | Dec 2004 to Dec 2006 | — | 
| Us Airways | Director, Treasury Operations and Investor Relations | Jan 2000 to Jan 2004 | — | 
| Gamco Investors, Inc. | Assistant Vice President - Trading | Jan 1993 to Jan 1998 | — | 
Education
Columbia Business School
MBA, Finance/International Business
1998 — 2000
Fordham University
BS, Finance
1991 — 1993
Others at Par Capital Management Inc. (6)
| Name | Role | Location | 
|---|---|---|
| AAnthony Lee | Analyst at Par Capital Management | Boston, MA , United States | 
| Vice President of Data Science | Boston, MA , United States | |
| CChip Frazier | Partner | Boston, MA , United States | 
| EEd Shapiro | Partner | Boston, MA , United States | 
| Portfolio Manager | Boston, MA , United States | |
| Managing Partner, Chief Operating Officer and General Counsel | Boston, MA , United States |