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<SEC-DOCUMENT>0000909108-08-000035.txt : 20080610
<SEC-HEADER>0000909108-08-000035.hdr.sgml : 20080610
<ACCEPTANCE-DATETIME>20080610113143
ACCESSION NUMBER:		0000909108-08-000035
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20080610
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20080610
DATE AS OF CHANGE:		20080610

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DIAMOND HILL INVESTMENT GROUP INC
		CENTRAL INDEX KEY:			0000909108
		STANDARD INDUSTRIAL CLASSIFICATION:	INVESTMENT ADVICE [6282]
		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:		08890038

	BUSINESS ADDRESS:	
		STREET 1:		325 JOHN H MCCONNELL BLVD
		STREET 2:		SUITE 200
		CITY:			COLUMBUS
		STATE:			OH
		ZIP:			43215
		BUSINESS PHONE:		6142553333

	MAIL ADDRESS:	
		STREET 1:		325 JOHN H MCCONNELL BLVD
		STREET 2:		SUITE 200
		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-0608.txt
<DESCRIPTION>DIAMOND HILL INVESTMENT GROUP, INC.
<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):

                                 June 10, 2008

                       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.)

      325 John H. McConnell Blvd, Suite 200, 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
- ---------   ---------------------------------------------

Diamond Hill Funds has made the decision to close the Diamond Hill Long-Short
fund to new investors effective June 30, 2008 as described in Prospectus
supplement dated June 10, 2008, a copy of which is filed herewith as Exhibit
99.1 and incorporated herein by reference.

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

Exhibit No.   Document
- -----------   --------

99.1          Prospectus supplement issued by Diamond Hill Funds dated June 10,
	      2008.



                                    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: June 10, 2008                         By: /s/ James F. Laird
                                            -------------------------------
                                            James F. Laird, Chief Financial
                                             Officer and Secretary
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>ex991-0608.txt
<DESCRIPTION>DIAMOND HILL FUNDS PROSPECTUS SUPPLEMENT
<TEXT>
							       June 10, 2008

				DIAMOND HILL FUNDS

			    Diamond Hill Small Cap Fund
                          Diamond Hill Small-Mid Cap Fund
			    Diamond Hill Large Cap Fund
			     Diamond Hill Select Fund
			   Diamond Hill Long-Short Fund
                      Diamond Hill Financial Long-Short Fund
			Diamond Hill Strategic Income Fund


Supplement to Prospectus Dated April 30, 2008


Effective June 30, 2008, the Diamond Hill Long-Short Fund will close to new
investors.  Additional investments, however, are permitted under the following
circumstances:

   -    Shareholders of record on June 30, 2008 may continue to add to their
    	existing accounts through the purchase of additional shares and through
	the reinvestment of dividends and/or capital gain distributions on any
	shares owned.

   -	Participants in a qualified defined contribution retirement plan, such
	as a 401(k), profit sharing or money purchase plan, 403(b) plan or 457
	plan that invests through existing accounts in the Fund or through a
	financial intermediary.  You may open new accounts in that plan if the
	Fund is an investment option.

   -	Financial advisors, with existing client accounts in the Fund, who are
	investing through asset allocation based investment programs of certain
	pre-approved financial intermediaries may be allowed to purchase shares
	for new and existing clients.  However, financial advisers who advertise
	or communicate broadly the availability of the closed fund may not be
	permitted to purchase additional shares.

The Fund reserves the right to make future additional exceptions that, in the
judgment of the Adviser, do not adversely affect its ability to manage the Fund
effectively.  For example, the Fund may elect to accept new defined contribution
plans that provide regular cash flows which may be beneficial to the Fund.  The
Fund also reserves the right to reject any purchase or refuse any exception,
including those detailed above, that the Adviser feels will adversely affect its
ability to manage the Fund effectively.
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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