🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Hedge fund Elliott names first female partner, promotes two to management committee

Published 11/11/2024, 01:01 PM
Updated 11/11/2024, 01:30 PM
© Reuters.
LUV
-
CZR
-

By Svea Herbst-Bayliss

NEW YORK (Reuters) - Elliott Investment Management 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 ever female partner, the person said. She works on Elliott's credit investment team and joined the firm in 2013. She was involved in the Caesars (NASDAQ:CZR) Entertainment Inc. trades and trades related to a former McAfee cybersecurity unit, 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 most recently the firm's fight at Southwest Airlines (NYSE:LUV), while Frayne works on structured credit investments and interest rate and currency trading.

Elliott's management committee will now have 12 members, including Pike and Frayne. In total the firm has 15 partners including all management committee members 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 first reported the personnel moves.

The firm, which now oversees roughly $70 billion in assets, was founded in 1977 by Paul Singer and is one of the world's most prominent activist investors.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.