Third Avenue Management
Third Avenue Management is a leading asset manager that consistently pursues a fundamental, bottom-up approach to deep value. A pioneer in modern-value investing, the firm employs a disciplined, value-oriented, and asset-based approach to investing in publicly traded securities. It focuses on a company's balance sheet and capital structure to identify undervalued companies with first-class assets and great potential to create significant long-term value.
INVESTMENT STRATEGIES
Global Value
This strategy seeks long-term capital appreciation by investing opportunistically across a global universe of sectors, geographies, and security types to build a differentiated portfolio of contrarian and special-situation opportunities.
Small-Cap
This strategy is driven by a focus on well-managed companies with financial strength, potential to compound NAV, and securities priced at a discount. This leads to a portfolio of high-quality businesses trading at deep discounts to intrinsic value.
Real Estate
This strategy seeks total return with an emphasis on long-term capital appreciation and low levels of portfolio turnover. It invests across an expansive universe that includes the securities of real estate and real estate-related enterprises globally.
International Real Estate
This strategy seeks to achieve long-term capital growth and current income through a portfolio of securities of publicly traded real estate companies located outside the U.S. that may include REITs, real estate operating companies, and other publicly traded companies whose asset base is primarily real estate.