Third Avenue Management Value Fund’s Q1 2022 Investor Letter

Third Avenue Management, an investment management firm, published its “Value Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. For the three months ended March 31st, 2022, the Third Avenue Value Fund (the “Fund”) returned 14.87%, compared to the MSCI World Index, which returned -5.04%.1 For further comparison, the MSCI World Value Index returned -0.48%2 during the quarter, outperforming the MSCI World Index by 4.56%. Over the trailing three-year period, the Fund’s total return has averaged approximately 14.93% per year Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.