Diamond Hill Capital Management has added three new members to its fixed income investment team – Portfolio Managers Henry Song and Mark Jackson and Portfolio Specialist Doug Gimple.
Song, CFA is a generalist core fixed income portfolio manager, specialising in mortgage-backed securities and asset-backed securities. He has more than 10 years of experience managing fixed income assets, most recently co-managing the USD2.8 billion JPMorgan Mortgage-Backed Securities Fund, commingled funds, sub-advised funds, and institutional separate accounts.
Jackson, CFA is a generalist core fixed income portfolio manager, specialising in investment grade corporate bonds. He has more than 20 years of experience managing fixed income assets, most recently co-managing the USD5.2 billion JPMorgan Core Plus Bond Fund, commingled funds, and institutional separate accounts.
Gimple has more than 20 years of experience as a product specialist, responsible for communicating investment strategy, performance, attribution and market outlook to clients and consultants.
All three worked together at JP Morgan Asset Management for more than 10 years and share the same intrinsic value investment philosophy as the Diamond Hill team.
"We are thrilled to have these talented and well-respected investment professionals join our firm," says Chris Bingaman (pictured), CEO and Portfolio Manager, Diamond Hill. "Their core fixed income expertise will help us expand our fixed income product offerings and better serve our clients."
Diamond Hill intends to file a prospectus later this month for two new mutual funds, expected to be available for public offering later this year. Song and Jackson will be co-portfolio managers of a core bond fund and a short duration total return fund. These strategies, as well as others, will also be available for institutional separate accounts.
These new offerings will complement our existing Corporate Credit and High Yield fixed income strategies. Core fixed income is an essential asset class for the preservation of capital and income needs of individuals and institutions, and expanding our fixed income team will allow us to better meet those needs.
"Our long-term, intrinsic value investment philosophy has benefitted our equity and fixed income clients and has allowed us to attract and retain an outstanding team of professionals," says Bill Zox, Chief Investment Officer – Fixed Income and Portfolio Manager, Diamond Hill. "We are confident that Henry, Mark and Doug fit well with our culture and are the right people to apply our philosophy to the core fixed income markets."