MFOHome About Commentary Discussions Funds The Best Resources Support Us!

Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Sign In Register

Categories

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

Can Third Avenue Get Back On Track?

TedTed
in The Bullpen
FYI: There has been a lot to growl about lately. Third Avenue Management, the mutual-fund firm Whitman founded in 1986, has struggled with management turnover and poor performance. Assets have shrunk to $10.2 billion from a peak of $26 billion in 2006. The firm’s flagship fund, Third Avenue Value (ticker: TVFVX), which Whitman ran from its 1990 inception through 2012, now rates a meager two stars from Morningstar. It has just $2 billion in assets, and is on its second manager since his departure. Third Avenue International Value (TVIVX), which was already shrinking when longtime manager Amit Wadhwaney departed last year, lost more than 60% of its assets thereafter; it now has $269 million.
Regards,
Ted
http://online.barrons.com/articles/can-third-avenue-get-back-on-track-1431136270#printMode

M* Third Avenue Fund Family: http://quicktake.morningstar.com/fundfamily/third-avenue/0C00001YU0/fund-list.aspx
Sign In or Register to comment.