MAP Founder Mounts Dies At 48

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.