Hedge fund Conatus Capital revamps management

(Reuters) Conatus Capital Management, David Stemerman’s $2 billion hedge fund firm, has revamped its top management after the departure of its president, Kevin Burke.Burke left at the end of 2015, according to people familiar with the situation, a year when Conatus’ stock-focused funds notched double-digit percentage gains but the firm continued to suffer from lower levels of capital. Burke’s management and fundraising duties have largely been taken on by Julie Trent, who has been named chief operating officer. She joined Greenwich, Connecticut-based Conatus late last year as head of marketing and investor relations from Julian Robertson’s Tiger Management, where she held a similar role.

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