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 Jack Parker, CFA, w