Third Avenue Management, an investment management company based in New York City, released its “Third Avenue Value Fund” first quarter 2024 investor letter. The fund returned 8.58% in the first quarter, compared to the MSCI World Index, which returned 8.97%, and the MSCI World Value Index’s 7.65% return. Over the trailing three and five-year periods, the Fund has returned 16.03% and 15.16% annualized, respectively. In addition, you can check the top 5 holdings of the fund to know its best picks in 2024.
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