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<SEC-DOCUMENT>0000909108-06-000038.txt : 20060503
<SEC-HEADER>0000909108-06-000038.hdr.sgml : 20060503
<ACCEPTANCE-DATETIME>20060503080423
ACCESSION NUMBER:		0000909108-06-000038
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20060503
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20060503
DATE AS OF CHANGE:		20060503

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DIAMOND HILL INVESTMENT GROUP INC
		CENTRAL INDEX KEY:			0000909108
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		IRS NUMBER:				650190407
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-24498
		FILM NUMBER:		06801513

	BUSINESS ADDRESS:	
		STREET 1:		375 NORTH FRONT STREET
		STREET 2:		SUITE 300
		CITY:			COLUMBUS
		STATE:			OH
		ZIP:			43215
		BUSINESS PHONE:		6142553333

	MAIL ADDRESS:	
		STREET 1:		375 NORTH FRONT STREET
		STREET 2:		SUITE 300
		CITY:			COLUMBUS
		STATE:			OH
		ZIP:			43215

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BANC STOCK GROUP INC
		DATE OF NAME CHANGE:	19971016

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HEARTLAND GROUP OF COMPANIES INC
		DATE OF NAME CHANGE:	19940301

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HEARTLAND FINANCIAL GROUP INC
		DATE OF NAME CHANGE:	19930714
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>x8k-0506.txt
<DESCRIPTION>DIAMOND HILL INVESTMENT GROUP, INC. 8-K
<TEXT>
                                 UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                             _______________________

                                    FORM 8-K

                                 CURRENT REPORT

                             _______________________

                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                Date of Report (Date of earliest event reported):

                                 May 3, 2006

                       Diamond Hill Investment Group, Inc.
- ------------------------------------------------------------------------------
             (Exact Name of Registrant as Specified in its Charter)

                                      Ohio
- ------------------------------------------------------------------------------
                 (State or Other Jurisdiction of Incorporation)

             000-24498                              65-0190407
- ------------------------------------------------------------------------------
      (Commission File Number)         (I.R.S. Employer Identification No.)

      375 North Front Street, Suite 300, Columbus, Ohio              43215
- ------------------------------------------------------------------------------
      (Address of Principal Executive Offices)                    (Zip Code)

Registrant's Telephone Number, Including Area Code:   (614) 255-3333


- ------------------------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)

<PAGE>

Item 8.01.	Other Events
- ----------	--------------------------------------------

     On May 3, 2006, the company announced William P. Zox has been named as a
Co-Portfolio Manager of the Diamond Hill Strategic Income Fund.  A
copy of the press release issued by the company is attached as Exhibit 99.1.

Item 9.01.	Financial Statements and Exhibits
- ----------	--------------------------------------------

     (c) Exhibits.

     99.1	Press release dated May 3, 2006 issued by the company.


                                    SIGNATURE
                                    ---------

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the registrant  has duly  caused  this  report  to be  signed  on its  behalf
by the undersigned hereunto duly authorized.

                                        DIAMOND HILL INVESTMENT GROUP, INC.


Date: May 3, 2006  	                       By: /s/ James F. Laird
                                            -------------------------------
                                            James F. Laird, Chief Financial
                                             Officer and Secretary
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>ex991-0506.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>
                                  ^
                                  Diamond Hill
                                  ------------
                                  Investments


FOR IMMEDIATE RELEASE:
                                             Investor Contact:
                                             James F. Laird
                                             Chief Financial Officer
                                             614-255-3353
                                             E-mail: (jlaird@diamond-hill.com)

                     DIAMOND HILL NAMES WILLIAM P. ZOX
                 CO-PORTFOLIO MANAGER OF STRATEGIC INCOME


     Columbus,  Ohio -- May 3, 2006, -- Diamond Hill Investment Group,
Inc. (NASDAQ:DHIL) today announced that William P. Zox has been named as a
co-portfolio manager of the Diamond Hill Strategic Income Fund.  Mr. Zox is a
graduate of Williams College, Moritz College of Law at The Ohio State
University College of Law, the University of Florida College of Law and he
holds the CFA designation.  He has been a portfolio manager and investment
analyst at Diamond Hill since 2001 and previous to that was a partner in the
law firm of Schottenstein, Zox and Dunn Co., L.P.A.  Kent Rinker, Diamond
Hill's managing director of fixed income, said, "Bill has been a key member of
our fixed income team for the past several years and this announcement simply
confirms his role as an important part of the team."

     The Diamond Hill Strategic Income Fund was launched in September 2002 and
has since grown to over $90 million in assets.  The fund pursues a flexible
strategy designed to maximize income while striving to preserve capital and
generate a reasonable total return over time.  Diamond Hill Strategic Income
Fund earned a four star rating from Morningstar as of March 31, 2006 while the
Diamond Hill Strategic Income Separate Account Composite earned a five star
rating from Morningstar as of December 31, 2005.

     In addition to the mutual fund, Diamond Hill also manages fixed income
accounts for corporations, institutions and individuals with total assets under
management in fixed income strategies of approximately $225 million as of
March 31, 2006.


About Diamond Hill:
     Diamond Hill provides investment management services to institutions and
financial intermediaries seeking to preserve and build capital. The firm
currently manages mutual funds, separate accounts and a private investment fund.
For more information on Diamond Hill, visit www.diamond-hill.com.  Diamond Hill
Mutual Funds are distributed by IFS Fund Distributors, Inc., Member NASD/SIPC.

     Ratings - Morningstar calculates a Morningstar Rating(TM) for each fund or
composite with at least a 3-year history. The rating is based on a Morningstar
Risk-Adjusted Return measure that accounts for variation in performance
(including the effects of sales charges, loads, and redemption fees), placing
more emphasis on downward variations and rewarding consistent performance. The
top 10% in each category receive 5 stars; the next 22.5% receive 4 stars; the
next 35% receive 3 stars; the next 22.5% receive 2 stars; the bottom 10%
receive 1 star. The Overall Morningstar Rating is derived from a weighted
average of the performance figures associated with its 3-, 5-, and 10-year
(if applicable) Morningstar Ratings. The Morningstar Rating for the Strategic
Income Fund is for the load-waived A share class only; other classes may have
different performance characteristics. These ratings may change monthly.

                                     ###

            375 North Front Street, Suite 300, Columbus, Ohio 43215
                         614-255-3333  fax 614-255-3363
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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