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Same. I sold TAVIX as soon as manager left. Marty didn't manage TAVIX though. I forget the name of the guy. He also started his own funds. Again, forget the name. Maybe worth a look if anyone can remember.
I think you're talking about Amit Wadhwaney, who "retired" in 2014 and then started Moerus Capital Management in 2015. They have one fund, Moerus Worldwide Value, that hasn't done particularly well and hasn't gathered more than $55 MM in assets in its first few years but it does get a M* rating of Bronze.
As I recalled, it was initially managed by Amit Wadhwaney. My impression at the time it was a so so value oriented fund. There were better choices back then. The Third Avenue funds started to lag badly after Marty Whitman sold his company. This seems to happen to the smaller companies that the investment strategies change after the founder left the company or as the performance decline with increase asset at the new firm. Mutual Series funds of Michael Price are good example.
Same. I sold TAVIX as soon as manager left. Marty didn't manage TAVIX though. I forget the name of the guy. He also started his own funds. Again, forget the name. Maybe worth a look if anyone can remember.
Comments
From 2016:
https://www.barrons.com/articles/a-global-value-investor-steps-back-into-the-fray-1457157530
Current:
http://moeruscap.com/about-us/
Performance and snapshot:
http://www.morningstar.com/funds/xnas/mownx/quote.html
No stars from Morningstar, but a bronze decoration?
World small/mid-stock category.
MOWNX will not see any of my own money.