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Thursday, November 21, 2019|
A Midwestern Fund Firm's AUM and Avg Fee Rate Slip
Diamond Hill Capital Management, a Columbus, Ohio-based investment manager that focuses on active management for both institutions and individuals, suffered drops in AUM and average fee rates year-over-year.
In Diamond Hill's earnings release, the team reports a Q3 2019 ending AUM of $22.2 billion, down 1.7 percent from $22.6 billion at the end of Q3 2018.
In their 10-Q filing, we can see total revenue was at $34.59 million for Q3 2019, down 7.68 percent from $37.47 million for Q3 2018. Within the 10-Q, Diamond Hill team notes that the revenue drop is "primarily due to a decrease in average AUM and a decrease in the average advisory fee rate."
Overall, Diamond Hill Investment Group reports Q3 GAAP EPS of $3.35, and revenue of $34.59M, down 7.7 percent year on year.
Printed from: MFWire.com/story.asp?s=60541
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