Diamond Hill Capital Management
Long-term value investor in the U.S. Midwest
In the heart of Columbus, Ohio, lies Diamond Hill Capital Management, a mutual fund company with over two decades of history, rooted in the philosophy of long-term value investing.
The story began with Ric Dillon, Diamond Hill’s founder. Before founding Diamond Hill, Ric had already made a significant impact at Loomis, Sayles & Company, a prominent mutual fund giant. Although Loomis was based in Boston, Ric transformed its Detroit office into a powerhouse, managing both large-cap and small-cap value funds and securing top rankings.
In the 1990s, Ric started his first investment firm, Dillon Capital Management, where he served as President and CIO. When Dillon Capital was acquired by Loomis, Ric returned to familiar territory but was far from settling into a routine.
In 2000, Ric founded Diamond Hill Investments, which later became Diamond Hill Capital. Under Ric’s leadership, the publicly traded firm achieved a 27% annualized shareholder return, ranking among the top 1% of all U.S. public companies.
A pivotal year for Diamond Hill was 2019, when Ric stepped down as CEO after nearly two decades.
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