Elliott Investment Management, one of the world's largest activist investment firms, has named Samantha Algaze as its first-ever female Partner and promoted two other Partners, John Pike and Pat Frayne, to its management committee, according to a report by Bloomberg.

The report cites an unnamed source familiar with the situation as confirming the appointment begins Monday.

Algaze, a Senior Portfolio Manager, has been with Elliott since 2013 and has played a key role on the firm’s credit investment team. Her work includes high-profile trades involving Caesars Entertainment and a former cybersecurity unit of McAfee known as Magenta Buyer.

Pike and Frayne, meanwhile, have joined the firm's 12-member management committee. Pike has been instrumental in Elliott’s activist campaigns, most recently engaging with Southwest Airlines. Frayne’s focus includes structured credit, along with interest rate and currency trading.

With these promotions, Elliott now has 15 partners in total, including all management committee members, as well as Marc Steinberg, Jason Genrich, and Samantha Algaze.