2024-01-31 10:35:00 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 the three months ended December 31st, 2023, the Third Avenue Value Fund returned 9.26%, as compared to the MSCI World Index1, which returned 11.53%.
- We continue to believe that there are far more reliable things with which to concern ourselves, such as the price we pay for a security relative to the fundamental economic returns offered by the business that issued the security.
Dear Fellow Shareholders,
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For further details see:
Third Avenue Small-Cap Value Fund Q4 2023 Portfolio Manager Commentary