James (“Tom“) Tomilson Hill III (born 1948/49) is the vice chairman of the Blackstone Group, and president and CEO of Blackstone Alternative Asset Management (BAAM), the firm’s hedge funds business. He sits on the firm’s Management and Executive Committees, and is also a member of the board of directors of Blackstone.
Early life and education
Hill was born in New York and attended The Buckley School and Milton Academy, where he was a varsity wrestler. Hill received his B.A., cum laude, from Harvard College, where he wrote for The Harvard Lampoon and studied history, literature, and Japanese studies. He received his M.B.A. from Harvard Business School.
Career
Hill started his career at First Boston in 1973, where he was one of the founding principals of its mergers and acquisitions department, and then moved to Smith Barney, where he served as the head of its mergers and acquisitions department. In 1982, he joined Lehman Brothers as a partner in its M&A department and later became head of M&A, head of Investment Banking and co-CEO.
In 1993 Hill joined Blackstone, where he served as co-head of the corporate mergers and acquisitions advisory group. In 2007, he became vice chairman of the firm. Since 2000, he has served as president and chief executive of Blackstone’s hedge fund business, Blackstone Alternative Asset Management (BAAM), and has grown that business’s assets under management from $1.3 billion in 2000 to $56 billion as of December 31, 2013.
BAAM is currently the world’s largest discretionary allocator to hedge funds, with investors including mostly corporate and public pension funds, sovereign wealth funds and central banks. The business’s growth from 2007 to 2013, at a time when the industry generally contracted substantially, was featured in a June 2013 Harvard Business Review case study. Hill has appeared at the 2014 Credit Suisse Financial Services Forum, the 2011 Milken Institute Global Conference, and the 2012 Bloomberg Hedge Fund Summit, among others. In 2014, Hill was inducted into Institutional Investor’s Alpha’s “Hedge Fund Hall of Fame”.
Summary
| J. Tomilson Hill | |
|---|---|
| Born | James Tomilson Hill III 1948/1949 (age 68–69) |
| Nationality | American |
| Education | The Buckley School Milton Academy |
| Alma mater | Harvard College Harvard Business School |
| Occupation | hedge fund manager |
| Net worth | $1.24 billion (March 2017) |
| Title | Vice chairman, Blackstone Group President and CEO, Blackstone Alternative Asset Management |
| Spouse(s) | Janine W. Hill |
| Children | 2 |
J. Tomilson Hill
J. Tomilson Hill was bornon 1948 in New York, New York, United States. J. Tomilson Hill is #1671 in List Billionaires People In The World. Mergers and acquisitions maven J. Tomilson “Tom” Hill worked for Lehman Brothers on high-profile deals during the LBO craze of the 1980s, including the famous RJR Nabisco deal as well as magazine firm Time Inc. ‘s $14 billion merger with cable TV powerhouse Warner. While at Lehman, Hill befriended Peter Peterson and Steve Schwarzman, and in 1993 — after being ousted as co-CEO at Lehman — he joined the pair at Blackstone Group. After the M&A market cooled in the 1990s, Hill transitioned to hedge funds at Blackstone, taking over its hedge fund group in 2000. Under him, the group has grown into the world’s largest investor in hedge funds, with $71 billion in assets. The son of a New York corporate lawyer, Hill graduated from Harvard College and Harvard Business School before starting out at First Boston and Smith Barney. He’s an avid art collector, with a collection that reportedly includes pieces by Andy Warhol and Francis Bacon. He sits on the board at the Metropolitan Museum of Art.