Martin Whitman’s Third Avenue Bullish on Regional Banks, Healthcare IT in 2017

Martin Whitman‘s Third Avenue Management is one of the funds that outperformed the benchmarks in 2016, having posted returns of 13.39%, compared to the S&P 500’s and MSCI World Index’s gains of 11.96% and 8.15%, respectively. In its fourth-quarter letter to investors, the fund highlighted its investment strategy, one of the key features of which is patience, which “was rewarded in the [fourth] quarter with the top three contributors all being banks.” Third Avenue is still bullish on the...