Steven Smith

Steven Smith is the Managing Partner, Chief Operating Officer, and General Counsel at PAR Capital Management, Inc., a Boston-based hedge fund specializing in rigorous fundamental research and disciplined portfolio management. In his role, Smith oversees the firm's legal, compliance, and operational functions, in addition to contributing to its strategic direction and investment processes.

At PAR Capital Management, Smith is actively engaged in investments across the travel, hospitality, airline, financial services, and technology sectors, managing large positions in companies such as United Airlines, Expedia Group, Booking Holdings, Synchrony Financial, and Hyatt Hotels. His expertise centers on public equities within these sectors, as reflected in the firm's portfolio concentration and recent trading activity.

Smith brings decades of experience in alternative investments and fund management, with a background in finance and law that enables him to address complex regulatory and business challenges within the investment industry. He is recognized for his leadership and contributions to building PAR Capital Management into a prominent hedge fund focused on creating long-term value through sector specialization and rigorous analysis.