Sad to report.
Bloomberg News reports that Kimberly Mounts, named a hedge fund 'rising star' by Institutional Investor magazine in 2012 for her stewardship of MAP Alternative Asset Management Co. in Newport Beach, California, has died. She was 48.
She died of cardiac arrest on October 25 at Hoag Hospital in Newport Beach, according to her brother, Scott Mounts.
She had been in a drug-induced coma since October 20, when she first went into cardiac arrest following a workout at her gym, her brother said. 'She was a vegetarian, didn’t drink, didn’t smoke and worked out religiously', he said Tuesday in a telephone interview.
A chartered alternative investment analyst, Mounts founded MAP Alternative Asset Management in 2006 following jobs in New York at Goldman Sachs and Morgan Stanley, where she specialized in fixed-income derivatives.
MAP, with fewer than 10 employees, is an investment adviser with input on more than $35bn in client assets, specializing in managing risk in fixed-income portfolios, according to Marco Ricciardulli, a senior consultant. Clients include large public and corporate pensions. A planned fixed-income fund of hedge funds, with a focus on emerging managers, has yet to open, Ricciardulli said.
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