A Pioneer in Deep Value Investing

Since 1986, Third Avenue has consistently pursued a fundamental, bottom-up approach to deep value investing. Today, the Firm manages portfolios for private and institutional clients through mutual funds, UCITS, and customized accounts. Third Avenue Management has been partnered with Affiliated Managers Group since 2002.


Tax Information for Third Avenue Funds

Important information for mutual fund shareholders completing US tax returns for 2016



Info for FCF Shareholders


Our First Calendar Quarter Letters

Concentrated, High Conviction Investment Strategies

Third Avenue takes an unconstrained investment approach and pursues opportunities across market capitalizations and geographies. Our portfolios focus on our highest conviction ideas, typically outside common benchmarks, leading to a high Active Share.

Value Insights & Manager Commentary

Updated For Q4 2016  |  Portfolio Manager commentary on our Funds’ positioning, relevant investment themes, and where we are finding the best opportunities

News & Announcements

2016 Tax Information

2016 Tax Information for Third Avenue Funds The documents below contain important information for mutual fund shareholders completing federal, state and local tax returns in the United States for 2016. 2016 TAF Federal Income Tax Information Understanding Cost Basis...

Our First CALENDAR Quarter Shareholder Letters

Our First CALENDAR Quarter Letters CALENDAR QUARTER LETTERS. In response to many client requests, we have adjusted our commentary periods to cover the calendar quarters instead of fiscal quarters. This means the Shareholder Letters published in 2017 will cover the...

Updates to Third Avenue Letters for 2017

Updates to Third Avenue Letters in 2017 GOING GREEN. Our Letter dated October 31, 2016 was our last printed edition and mailing.  Our Quarterly Shareholder Letters and other important fund information will continue to be made available online here at our website.  You...