Sunday, 19 February 2017
Last updated 1 day ago
Mar 11 2013 | 10:00am ET
Another Blackstone Group executive is cashing in on the private equity firm's recent rally.
Tom Hill, who leads the New York-based firm's fund of hedge funds business, sold 1 million shares on Feb. 22 and March 5 for a combined $19.05 million. Blackstone's shares are up 25% this year.
Hill's share sale follows that of Blackstone President Hamilton James, who earlier in February sold off 3.5 million shares for $64.2 million.