Third Avenue Small-Cap Value Fund’s Q1 2020 Investor Letter

Third Avenue Management recently released its Q1 2020 Investor Letter, a copy of which you can download here. The Third Avenue Small-Cap Value Fund posted a return of -29.59% for the quarter, outperforming its benchmark, the Russell 2000 Value Index which returned -35.66% in the same quarter. You should check out Third Avenue Management’s top 5 stock picks for investors to buy right now, which could be the biggest winners of the stock market crash. There weren’t a lot of funds who could deliver these kinds of returns without shorting the market or using aggressive put options.