Third Avenue Management Value Fund’s Q1 2023 Investor Letter

Third Avenue Management, an investment management company based in New York City, released its “Value Fund” first quarter 2023 investor letter. A copy of the same can be downloaded here. The fund’s performance was favorable in the quarter, and it returned 8.68% in the first quarter compared to a 7.88% return for the MSCI World Index and a 1.12% return for the MSCI World Value Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.