Blackstone FoF Chief Sells $19 Million In Shares

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.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…