2024-04-23 03:15:00 ET
Summary
- Third Avenue Management is a New York City-based asset manager founded in 1986 that utilizes a disciplined, value-oriented, and asset-based approach to investing in publicly traded securities.
- For Q1 2024, Third Avenue Small-Cap Value Fund returned 6.31% vs. 2.90% for the Fund’s most relevant benchmark, the Russell 2000 Value Index.
- It was a gratifying quarter as the Fund delivered solid absolute and relative returns to our shareholders.
- We added no new positions during the quarter while boosting exposure to ProAssurance and LSB Industries as share prices lagged due to near-term operational challenges.
Dear Fellow Shareholders,
For the first quarter of 2024, the Third Avenue Small-Cap Value Fund (the "Fund") returned 6.31% versus 2.90% for the Fund's most relevant benchmark, the Russell 2000 Value Index (the "Index") 1 . It was a gratifying quarter as the Fund delivered solid absolute and relative returns to our shareholders....
Read the full article on Seeking Alpha
For further details see:
Third Avenue Small-Cap Value Fund Q1 2024 Portfolio Manager Commentary