A pioneer in modern-value investing, 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.
At Third Avenue, we focus on our highest-conviction ideas that typically sit outside of common benchmarks, an approach that leads to high Active Share1 across our portfolios.
Rooted in our founder Marty Whitman’s time-tested philosophy, Third Avenue’s modern-value approach emphasizes four key investment pillars when evaluating companies and the securities they issue:
- Financial strength
- Management acumen & alignment
- Discounted security prices
- Ability to compound value over time
Third Avenue offers multiple investment solutions with unique exposures and return profiles.
The Firm’s core strategies are currently available through:
- ‘40 Act mutual funds
- Separately-managed accounts
- UCITS funds (for non-US investors)
1Active Share is the percentage of a fund’s portfolio that differs from the benchmark index