Diamond Hill Investment Group (DHIL) is a value-based investment management firm that has a superb track record of beating the market. Its large-cap strategy has outperformed since it began in 2001, even though 92.3% of large-cap investment managers have failed to beat their respective benchmark over the last 15 years. Diamond Hill’s small-cap and small-mid-cap strategies have outperformed since they were started in 2000 and 2005. Yet, most mid-cap managers – 94.8% – and small-cap managers – 95.7% – have failed the same test.
These results have led to significant asset growth – one of the most important metrics for an investment firm – from just over $500 million in 2004 to over $22 billion in 2018 – a 33.5% compound annual growth rate (CAGR).Read More »