Third Avenue Management Value Fund’s Q3 2021 Investor Letter

Third Avenue Management, an investment management firm, published its “Value Fund” third quarter 2021 investor letter – a copy of which can be downloaded here. A portfolio return of -1.89% was recorded by the fund for the third quarter of 2021, compared to the MSCI World Index, which returned 0.09% for the same period. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.