Third Avenue Management, disciplined, Value Investing

Oct 14, 2022 | Investment Strategy News, News

Date: October 10, 2022



Matthew Fine, CFA, Portfolio Manager of the Third Avenue Value Fund was interviewed by Scott Duxbury of OETV.  Key takeaways include:

0:25 Brief history or Third Avenue founded by Marty Whitman and Matt Fine’s early contrarian investing experience in the Argentine financial crisis of 2001.

2:00 Third Avenue’s fundamental value investing approach.

2:36 Emerging from a period of extreme speculative excess driven by easy money and excess liquidity, following which we have seen a value strategy renaissance and strong Third Avenue Value Fund performance.

4:24 Where significant equity valuation disconnects remain today and where the Third Avenue Value Fund is finding value.

FUND RISKS: Risks that could negatively impact returns include: fluctuations in currencies versus the US dollar, political/social/economic instability in foreign countries where the Fund invests, lack of diversification, and adverse general market conditions. For a full disclosure of principal investment risks, please refer to the Fund’s Prospectus.

These materials do not constitute an offer to sell or a solicitation of an offer to purchase any securities. Third Avenue Funds are offered by prospectus only. Please click here to access and carefully read the Fund’s prospectus before investing as it contains important information, including full disclosures of investment objectives, advisory fees and expenses, and investment risks, including principal loss risk.

Distributor of Third Avenue Funds: Foreside Fund Services, LLC.

Top 10 holdings and standardized performance click here.

Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. For the most recent month-end performance, please call 800-443-1021.