Diamond Hill Investments Names Chris Welch Co-Chief Investment Officer
COLUMBUS, Ohio, June 17 /PRNewswire-FirstCall/ -- Diamond Hill Investment Group, Inc. (Nasdaq: DHIL) today announced that effective June 30, 2010, Chris Welch will assume an additional role as Co-Chief Investment Officer of Diamond Hill. Mr. Welch has the Chartered Financial Analyst (CFA) designation and a Bachelor's degree from Yale University. He joined Diamond Hill in 2005 and has made meaningful contributions during his tenure with the firm. Mr. Welch's primary focus will continue to be on his role as portfolio manager for Diamond Hill's Small-Mid Cap strategy. He will share the Chief Investment Officer role with Ric Dillon, who will continue as Diamond Hill's CEO and co-portfolio manager for the Diamond Hill Long-Short strategy.
Mr. Dillon said, "As we reach our 10-year anniversary with significant growth in our client base, our organizational structure must evolve in preparation for the next decade and beyond. I believe that with this change, we are allocating our human capital in the best possible way to benefit our clients and properly position Diamond Hill for continued success."
The Chief Investment Officer role at Diamond Hill is different than at many other investment organizations. The CIO role is focused primarily on the external communication of Diamond Hill's investment philosophy and process, including direction for client-related investment team efforts and communications. As always, the portfolio managers are ultimately responsible for decision making regarding their respective investment strategy, asset allocation, portfolio construction, and security selection.
This evolution in organizational structure will benefit Diamond Hill's clients by establishing depth within the organization and taking advantage of the unique talents of each individual through expanded responsibilities. "I am pleased to accept this additional responsibility and want to reiterate that our investment team will maintain its primary focus where it has always been – finding good investment opportunities and achieving favorable results over rolling five-year periods," said Mr. Welch.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV