Third Avenue Management Small-Cap Value Fund’s Q3 2021 Investor Letter

Third Avenue Management, an investment management firm, published its “Small-Cap Value Fund” third quarter 2021 investor letter – a copy of which can be downloaded here. The fund declined 1.27% during the third quarter of 2021 versus a drop of 2.98% for the Fund’s most relevant benchmark, the Russell 2000 Value Index (the “Index”). You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.