Saturday, 26 July 2014
Last updated 22 hours ago
Nov 6 2013 | 10:33am ET
MAP Alternative Asset Management founder Kimberly Mounts has died.
The 48-year-old died on Oct. 25 in Newport Beach, Calif., five days after suffering cardiac arrest following a workout, her brother told Bloomberg News. She had been in a medically-induced coma since the incident.
The Goldman Sachs and Morgan Stanley veteran founded MAP in Newport Beach in 2006. The firm has some $35 billion in assets under advisement, and planned to launch a fixed-income fund of hedge funds. She was named a "rising star" in the hedge fund industry by Institutional Investor magazine last year.
"She was a vegetarian, didn't drink, didn't smoke and worked out religiously," Scott Mounts told Bloomberg.
In addition to her brother, Mounts is survived by her mother and four sisters. She was divorced.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…