New York, NY – April 24, 2024 – Third Avenue Management LLC (“the Firm” or “Third Avenue”) announced today that the Third Avenue Real Estate Value UCITS Class A1 Shares¹ (“the Real Estate Value Fund”) was named the Best Global Real Estate Fund Over Three Years at the 2024 LSEG Lipper Funds Awards in Europe, the U.K., Switzerland, and France.
The Lipper Fund Awards have been synonymous with strong risk-adjusted performance for more than three decades, and these awards were presented for the Real Estate Value Fund performance over the three-year period ended December 31, 2023² marking the sixth year the Third Avenue Real Estate team has been recognized by LSEG Lipper for excelling relative to its peers³.
“We are honored to be recognized by LSEG Lipper for providing the shareholders of the Third Avenue Real Estate Value UCITS Fund with sector-leading results,” said Ryan Dobratz, Co-Portfolio Manager of the Fund. “Receiving a Lipper Award for the sixth time is also a testament to the durability of Third Avenue’s distinctive real estate strategy and the robust process the team has developed over the past two decades.”
“The Real Estate Value Fund’s long-term results reflect Third Avenue’s unique approach to listed real estate investing,” added Jason Wolf, Co-Portfolio Manager of the Fund. “As we’ve done since 1998, we will continue to identify and invest in well-capitalized and well-managed companies that we believe trade at a discount to our estimate of net-asset value—irrespective of whether they are included in a benchmark. We believe this is the key to generating superior long-term results.”
Robert Jenkins, Global Head of Research, Investment & Wealth at LSEG Lipper noted, “We applaud the 2024 LSEG Lipper Fund Award winners such as Third Avenue Management for delivering outperformance and the accompanying comfort of consistency to investors’ portfolios through across-current of global market disruptions.”
The LSEG Lipper Fund Awards were presented for the Europe Region on March 6, 2024, for Switzerland on March 26, 2024, for France on April 19, 2024, and for the U.K. on April 24, 2024.
Fund Awards:
About LSEG Lipper Fund Awards
For more than 30 years and in over 17 countries worldwide, the highly-respected LSEG Lipper Awards have honored funds and fund management firms that have excelled in providing consistently strong risk-adjusted performance relative to their peers and focus the investment world on top-funds. The merit of the winners is based on entirely objective, quantitative criteria. This coupled with the unmatched depth of fund data, results in a unique level of prestige and ensures the award has lasting value. Renowned fund data and proprietary methodology is the foundation of this prestigious award qualification, recognizing excellence in fund management.
Find out more at www.lipperfundawards.com.
%402x.svg){kind=icon}
