Diamond Hill Long-Short Fund (DIAYX)
Diamond Hill Long-Short Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Columbus, OH, US. The stock last traded at $31.48, up 0.03% on the session, giving a market capitalisation of $2.15B. Its beta of 0.41 implies it has historically moved less than the broad market.
The Diamond Hill Long-Short Fund seeks to capitalize on mispricings within the U.S. stock market. It achieves this by purchasing shares of American companies, regardless of their size, that its investment management team identifies as undervalued. Simultaneously, the fund takes "short" positions against U.S. equities, also across all market capitalizations, that the team believes are trading above their intrinsic worth. The core of their strategy involves assessing a company's true value independently of its current market price. When engaging in short sales, the fund sells borrowed securities, anticipating a future drop in price that will enable it to buy them back more cheaply, thus generating a profit.
Diamond Hill Long-Short Fund is most often compared with the following Financial Services names: