First Eagle Investments to acquire Diamond Hill for $473m.

First Eagle Investments, an independent, privately owned investment management firm, agreed to acquire Diamond Hill, an independent asset manager providing investment advisory and fund administration, for $473m. “Our clients expect First Eagle to be a thoughtful curator of superb and differentiated investment strategies. The acquisition of Diamond Hill is the next step in First Eagle’s ongoing effort to expand the range of investment solutions we offer to meet clients’ needs. The cultural fit between our firms – fiduciary mindset, commitment to investment excellence, and long-term orientation – couldn’t be better. All of our clients will be better served through this combination,” Mehdi Mahmud, First Eagle President and CEO.