Third Avenue Management, an investment management firm, published its “ Value Fund” fourth quarter 2020 investor letter – a copy of which can be downloaded here. A return of 35.84% was recorded by the fund in the fourth quarter of 2020, outperforming its MSCI World benchmark that delivered a 14.07% return. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Third Avenue Management, in their Q4 2020 investor letter, mentioned Lazard Ltd (NYSE: LAZ) and...
