By Svea Herbst-Bayliss
NEW YORK (Reuters) – Elliott Investment Management has named its first female partner and promoted two partners to its management committee, a person familiar with the matter said on Monday.
Samantha Algaze, a senior portfolio manager at the firm, was promoted to partner, becoming the firm's first female partner, the person said. She works on Elliott's credit investment team and joined the firm in 2013. She was involved in the operations of Caesars (NASDAQ Entertainment Inc. and in operations related to a former cybersecurity unit of McAfee, known as Magenta Buyer.
Elliott also promoted two partners, John Pike and Pat Frayne, to its management committee.
Pike has worked on Elliott's activism campaigns, including the company's most recent fight at Southwest Airlines (NYSE:), while Frayne works on structured credit investments and interest rates and foreign exchange trading.
Elliott's steering committee will now have 12 members, including Pike and Frayne. In total, the firm has 15 partners, including all members of the management committee, as well as Marc Steinberg, Jason Genrich and Samantha Algaze.
Nabeel Bhanji, who became a partner last year, is leaving Elliott to work at hedge fund Citadel.
Bloomberg was the first to report the personnel moves.
The firm, which now manages approximately $70 billion in assets, was founded in 1977 by Paul Singer and is one of the world's most prominent activist investors.
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