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.


In Depth

Q&A: Omni Macro Fund Bullish On India, Watching China

Mar 4 2015 | 3:35pm ET

Omni Macro Fund was formed in 2007 by Stephen Rosen, previously a prop trader at...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Managing Diversification And Drawdowns In The “New Normal”

Mar 5 2015 | 2:42pm ET

In 2008-2009 diversification alone failed to provide adequate risk management for...

 

Editor's Note