The correlation between black hole mass and bulge velocity dispersion in   hierarchical galaxy formation models
  Recent work has demonstrated that there is a tight correlation between the mass of a black hole and the velocity dispersion of the bulge of its host galaxy. We show that the model of Kauffmann & Haehnelt, in which bulges and supermassive black holes both form during major mergers, produces a correlation between M_bh and sigma with slope and scatter comparable to the observed relation. In the model, the M_bh - sigma relation is significantly tighter than the correlation between black hole mass and bulge luminosity or the correlation between bulge luminosity and velocity dispersion. There are two reasons for this: i) the gas masses of bulge progenitors depend on the velocity dispersion but not on the formation epoch of the bulge, whereas the stellar masses of the progenitors depend on both; ii) mergers between galaxies move black holes along the observed M_bh - sigma relation, even at late times when the galaxies are gas-poor and black holes grow mainly by merging of pre-existing black holes. We conclude that the small scatter in the observed M_bh - sigma relation is consistent with a picture in which bulges and black holes form over a wide range in redshift. 
Martin G. Haehnelt and Guinevere Kauffmann (MPA)