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.


Updates to Third Avenue Letters in 2017

January 3, 2017
We’re Going Green.  And, moving to CALENDAR quarter reporting cycle.

Quarterly Letters and Annual Report

December 29, 2016
Portfolio Manager commentary and Financial Report as of the quarter ended October 31, 2016 are now available



Info for FCF Shareholders



Distributions for Third Avenue Funds

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

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...

2016 Income & Capital Gain Distributions

2016 Income & Capital Gain Distributions Please be advised that the Third Avenue Funds paid distributions–details follow below. The information provided does not represent final tax information and therefore, should not be used in completing your income tax...