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This Is How An Investor Turned Around A Once Venerable Mutual Fund: Third Avenue Value Fund

TedTed
in Fund Discussions
FYI: Robert “Chip” Rewey was hired to turn around the Third Avenue Value Fund in 2014 after years of underperformance that was tied, in part, to a bad bet on Hong Kong real estate. The mutual fund rebounded last year after posting a loss in 2015.
Regards,
Ted
http://www.marketwatch.com/story/this-is-how-an-investor-turned-around-a-once-venerable-mutual-fund-2017-01-05/print

Comments

  • dryflower
    Gosh. And just when Professor Snowball said "Goodbye to the House of Whitman." Wouldn't you just know it...
  • VintageFreakVintageFreak
    I really can't tell how the manager had anything to do with it given "value" in general performed very well in 2016. It's not like it returned 20% +
  • CrashCrash
    I just took a glance at its performance numbers, as well as Risk/Return profile. I don't see the attraction, either. I sold and re-deployed all my TBGVX (sister fund) in early 2009.
  • kevindowkevindow
    If the manager considers his fund to be an "all-cap world fund," then in that space, I would consider VMNVX to be far more attractive in terms of performance and expenses.

    Kevin
  • Sven
    Couldn't agree more. Quietly VWNVX has done very well since inception while only charging 0.21% expense ratio.
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