Diamond Hill Announces Investment Leadership Updates

COLUMBUS, Ohio, Jan. 2, 2015 /PRNewswire/ -- Diamond Hill Investment Group, Inc. DHIL announced the following updates to the investment leadership of Diamond Hill Capital Management, Inc. effective January 1, 2015.  These changes are primarily intended to broaden the investment team leadership and allow key individuals to narrow their focus.

Co-Chief Investment Officer

Austin Hawley, CFA replaced Chris Bingaman, CFA as Co-Chief Investment Officer, sharing this role with Chris Welch, CFA.  Mr. Hawley joined Diamond Hill as a research analyst in 2008 and has fifteen years of investment experience.  As Co-Chief Investment Officers, Mr. Welch and Mr. Hawley are primarily responsible for the external communication of Diamond Hill's investment philosophy and process, including direction of client-related investment team efforts and communications. The Co-Chief Investment Officers do not set investment policies or direct portfolio managers in managing their respective strategies.  Mr. Bingaman continues to serve as a portfolio manager and President. 

Co-Directors of Research

Jason Downey, CFA and John Loesch, CFA replaced Austin Hawley, CFA and Rick Snowdon, CFA as Co-Directors of Research.  Mr. Downey joined Diamond Hill in 2002 and has twelve years of investment experience.  Mr. Loesch joined Diamond Hill in 2007 and has thirteen years of investment experience.  As Co-Directors of Research, Mr. Downey and Mr. Loesch will provide internal research team leadership and facilitate research team tasks and decision-making.  The Co-Directors of Research do not direct the individual research efforts of Diamond Hill's research analysts or associates.  Mr. Snowdon continues to serve as portfolio manager.       

"Developing the next generation of leadership and sharing responsibilities among our many talented associates continues to be an important aspect of our organizational stability and long-term succession planning," said Chris Bingaman, President.  "I believe we are allocating our human capital in the best possible way to benefit our clients.  Our goal is to ensure our investment team is able to maintain its primary focus where it has always been – finding good investment opportunities and achieving favorable investment results over rolling five-year periods.  Importantly, our long-term investment philosophy and process has not and will not change."

About Diamond Hill:

We are an independent investment management firm with significant employee ownership and $15.3 billion in assets under management as of November 30, 2014.  We provide investment management services to institutions and individuals through institutional separate accounts, mutual funds, and private investment funds.  Our entire investment team shares the same intrinsic value investment philosophy focused on absolute returns, and our interests are firmly aligned with our clients through significant investment in our strategies.  For more information, visit diamond-hill.com.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/diamond-hill-announces-investment-leadership-updates-300015049.html

SOURCE Diamond Hill Investment Group, Inc.