Value Investor Insight March 2023 Issue

Apr 27, 2023 | Investment Strategy News, News

Date: March 2023

To view the full article and additional important information click here

Matthew Fine, CFA and the Third Avenue Value Fund were featured in a Value Investor Insight interview with John Heins. Matt discusses his career, Third Avenue’s investment philosophy, getting back to the basics, and finding unrecog­nized opportunities.

Key takeaways include:

  • Bringing the investment philosophy of the Third Avenue Value Fund back to what Marty Whitman (Third Avenue’s late founder) had put in place upon inception of the fund in 1990.
  • Thematic tilts within the Third Avenue Value Fund today.
  • What being an active manager means to Matt.
  • Optimistic outlook for key holdings, Bank of Ireland, Capstone Copper and Warrior Met Coal.
  • The importance of balance sheet and of a company having the financial wherewithal to ride out a bad period. That’s particularly important given how difficult it is to predict the timing of a recovery.

Mutual fund investing involves risk, including loss of principal. For a copy of the prospectus click here, read it carefully before investing.

Top 10 holdings and standardized performance click here.

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