We assess models for the assembly of supermassive black holes (SMBHs) at the
center of galaxies that trace their hierarchical build-up far up in the dark
halo `merger tree'. We assume that the first `seed' black holes (BHs) formed in
(mini)halos collapsing at z=20 from high-sigma density fluctuations. As these
pregalactic holes become incorporated through a series of mergers into larger
and larger halos, they sink to the center owing to dynamical friction, accrete
a fraction of the gas in the merger remnant to become supermassive, form a
binary system, and eventually coalesce. The merger history of dark matter halos
and associated BHs is followed by cosmological Monte Carlo realizations of the
merger hierarchy. A simple model, where quasar activity is driven by major
mergers and SMBHs accrete at the Eddington rate a mass that scales with the
fifth power of the velocity dispersion, is shown to reproduce the optical LF of
quasars in the redshift range 1<z<4. Binary and triple BH interactions are
followed in our merger tree. The assumptions underlying our scenario lead to
the prediction of a population of massive BHs wandering in galaxy halos and the
intergalactic medium at the present epoch, and contributing <10% to the total
BH mass density. At all epochs the fraction of binary SMBHs in galaxy nuclei is
of order 10%, while the fraction of binary quasars is less than 0.3%Comment: revised version, accepted for publication in the ApJ, emulateapj, 15
pages, 16 figure