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

Reuters11-11

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

By Svea Herbst-Bayliss

NEW YORK, Nov 11 (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 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 LUV.N, 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.

(Reporting by Svea Herbst-Bayliss)

((svea.herbst@thomsonreuters.com; +617 233 2138; Reuters Messaging: svea.herbst.thomsonreuters.com@reuters.net/))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2482736449?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-11 23:24","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2482736449","market":"us","top_or_hot":-1,"title":"Hedge fund Elliott names first female partner, promotes two to management committee","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>Hedge fund Elliott names first female partner, promotes two to management committee</title></head><body><p>By Svea Herbst-Bayliss</p><p><span>NEW YORK, Nov 11 (Reuters)</span><span> - </span>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.</p><p>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 Entertainment Inc. trades and trades related to a former McAfee cybersecurity unit, known as Magenta Buyer.</p><p>Elliott also promoted two partners, John Pike and Pat Frayne, to its management committee.</p><p>Pike has worked on Elliott's activism campaigns including most recently the firm's fight at Southwest Airlines <span>LUV.N</span>, while Frayne works on structured credit investments and interest rate and currency trading.</p><p>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.</p><p>Nabeel Bhanji, who became a partner last year, is leaving Elliott to work at hedge fund Citadel.</p><p>Bloomberg first reported the personnel moves.</p><p>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.</p><p>(Reporting by Svea Herbst-Bayliss)</p><p>((svea.herbst@thomsonreuters.com; +617 233 2138; Reuters Messaging: svea.herbst.thomsonreuters.com@reuters.net/))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hedge fund Elliott names first female partner, promotes two to management committee</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHedge fund Elliott names first female partner, promotes two to management committee\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-11 23:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241111:nL1N3MI0JY:1><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hedge fund Elliott names first female partner, promotes two to management committeeBy Svea Herbst-BaylissNEW YORK, Nov 11 (Reuters) - Elliott Investment Management named its first female partner and ...</p>\n\n<a href=\"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241111:nL1N3MI0JY:1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241111:nL1N3MI0JY:1","article_id":"2482736449","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482736449","pubTimestamp":1731338690,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Hedge fund Elliott names first female partner, promotes two to management committeeBy Svea Herbst-BaylissNEW YORK, Nov 11 (Reuters) - Elliott Investment Management named its first female partner and p","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","BK4566":"资本集团","BK4150":"赌场与赌博","CZR":"凯撒娱乐","LUV":"西南航空","BK4008":"航空公司","BK4585":"ETF&股票定投概念","BK4561":"索罗斯持仓","BK4500":"航空公司"},"translate_title":"对冲基金埃利奥特任命首位女性合伙人，并提拔两人进入管理委员会","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CZR":0.9,"LUV":0.9},"content_text":"Hedge fund Elliott names first female partner, promotes two to management committeeBy Svea Herbst-BaylissNEW YORK, Nov 11 (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 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 LUV.N, 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.(Reporting by Svea Herbst-Bayliss)((svea.herbst@thomsonreuters.com; +617 233 2138; Reuters Messaging: svea.herbst.thomsonreuters.com@reuters.net/))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"Executive Changes,Shareholding Changes,event","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2482736449"}