HLAGF - Third Avenue Value Fund Q1 2022 Portolio Manager Commentary
- 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 the three months ended March 31st, 2022, the Third Avenue Value Fund (the “Fund”) returned 14.87%.
- Yield curve inversions have frequently been harbingers of recessions.
- Eventhough we expect creditlosses to rise somewhat, mostbanks in the United Statesand in Europe have neverbeen better capitalized during my entireadult life than they are today.
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Third Avenue Value Fund Q1 2022 Portolio Manager Commentary