Third Avenue Management Value Fund’s Q4 2023 Investor Letter

Third Avenue Management, an investment management company based in New York City, released its “Third Avenue Value Fund” fourth quarter 2023 investor letter. The fund returned 9.26% in the fourth quarter, compared to the MSCI World Index, which returned 11.53%, and the MSCI World Value Index’s 9.48% return. The Fund’s year-to-date return, after accounting for this quarter’s performance, is 20.16%, which is less than the MSCI World Index’s 24.42% performance but more than the MSCI World...