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Diamond Hill Investment Group, Inc. Reports 2020 Financial Results And Declares First Quarter Dividend


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COLUMBUS, Ohio, Feb. 25, 2021 /PRNewswire/  Diamond Hill Investment Group, Inc. (Diamond Hill) (NASDAQ: DHIL) today reported results for the fourth quarter of 2020 and the year ended December 31, 2020. The Company derives its consolidated revenue and net income from investment advisory and fund administration services provided by its subsidiary, Diamond Hill Capital Management, Inc. (DHCM).
The following are selected highlights for the year ended December 31, 2020:
Assets under management were $26.4 billion, compared with $23.4 billion for the year-earlier period. The increase was due to net client inflows and market appreciation.
Average assets under management for the year were $21.9 billion, significantly lower than where DHCM started or ended 2020, due primarily to the severe market downturn at the end of the first quarter. ....

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Diamond Hill Capital Management Refines Strategy Lineup


Diamond Hill Capital Management Refines Strategy Lineup
Diamond Hill Sells High Yield-Oriented Funds to Brandywine Global to Focus on Growth in Equity and Investment Grade Fixed Income
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COLUMBUS, Ohio, Feb. 3, 2021 /PRNewswire/ Diamond Hill Investment Group, Inc. (Nasdaq: DHIL), today announced that Diamond Hill Capital Management, its independent active asset manager subsidiary, has entered into a definitive agreement to enable Brandywine Global Investment Management, LLC ( Brandywine Global ), a specialist investment manager and subsidiary of Franklin Resources, Inc., to acquire the business of Diamond Hill s high yield-focused High Yield and Corporate Credit Funds. The transaction is expected to close in the second quarter of 2021, subject to customary closing conditions, including fund board and fund shareholder approval. Portfolio managers John McClain, CFA, and Bill Zox, CFA, and research associate J ....

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