The origin of variability of the intermediate-mass black-hole ULX system HLX-1 in ESO 243-49
J.-P. Lasota, T. Alexander, G. Dubus, D. Barret, S. A. Farrell, N., Gehrels, O. Godet, N. A. Webb

TL;DR
This paper investigates the variability of the intermediate-mass black-hole ULX system HLX-1, suggesting it is likely caused by modulated mass transfer from a star on an eccentric orbit rather than disk instabilities.
Contribution
It proposes a new explanation for HLX-1's variability involving tidal stripping of a star, and evaluates the probability of such a system forming in dense star clusters.
Findings
Long-term variability unlikely due to thermal-viscous disk instabilities.
Eccentric orbit mass transfer scenario is more plausible.
Probability of such a system existing is between 1/100 and 1/10.
Abstract
The ultra-luminous intermediate-mass black-hole system HLX-1 in the ESO 243-49 galaxy exhibits variability with a possible recurrence time of a few hundred days. Finding the origin of this variability would constrain the still largely unknown properties of this extraordinary object. Since it exhibits an intensity-hardness behavior characteristic of black-hole X-ray transients, we have analyzed the variability of HLX-1 in the framework of the disk instability model that explains outbursts of such systems. We find that the long-term variability of HLX-1 is unlikely to be explained by a model in which outbursts are triggered by thermal-viscous instabilities in an accretion disc. Possible alternatives include the instability in a radiation-pressure dominated disk but we argue that a more likely explanation is a modulated mass-transfer due to tidal stripping of a star on an eccentric orbit…
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