founded in 2000, diamond hill capital management, inc. is a columbus, ohio-based independent investment management firm with significant employee ownership and $17.1 billion in assets under management as of november 30, 2015. we provide services to institutions and individuals through mutual funds, separate accounts, exchange traded funds, and private investment funds. our strategies include long-only u.s. equity, alternative long-short equity, and fixed income. we serve our clients by providing investment strategies that deliver lasting value through a shared commitment to our intrinsic value-based investment philosophy, long-term perspective, disciplined approach and alignment with our clients’ interests. we believe that a company’s intrinsic value is independent of its stock price and that competitive long-term returns can be achieved by identifying meaningful differences between market price and intrinsic value using a discounted cash flow methodology. all of our portfolio manage