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NEW YORK – Third Avenue Management LLC, a well-established value investment firm, announced plans to expand its investment products with the introduction of the Third Avenue Global Value Fund. The new fund reflects the firm's flagship global value strategy and is expected to launch around March 1, 2024, pending final regulatory approval.
The Third Avenue Global Value Fund will be a sub-fund of Ireland's UCITS compliant Gemini Investment Fund and will be the second fund offered by the firm. It follows the Third Avenue Real Estate Value Fund and is designed to cater to qualified non-U.S. investors. This strategy has been managed by Third Avenue for over 30 years and has delivered attractive long-term returns since its inception in 1990.
Portfolio manager Matthew Fine expressed keenness to offer the fund to a wider investor base, citing increased interest in value strategies. Third Avenue's approach focuses on a balance sheet-oriented, price-conscious investment philosophy.
By partnering with Capital Strategies Partners, a marketing firm specializing in local distribution manager selection, the company aims to leverage its 20 years of experience in the wealth management industry to attract and retain clients.
Erik Kleinbeck, Managing Director and Head of Business Development at Third Avenue, emphasized that the partnership with Capital Strategies is a strategic move that combines Third Avenue's portfolio management expertise with the broad reach of a marketing firm. Did.
Gemini Capital Management, led by Director Stuart Alexander, also announced its continued partnership with Third Avenue and the launch of new funds, with the aim of effectively serving the UCITS fund investor community. expressed his expectations.
Third Avenue Management, affiliated with Affiliated Managers Group (NYSE: NYSE:), has a 35-year history of value investing and manages more than $1.4 billion across a variety of core strategies. These strategies are available through mutual funds, UCITS, separate accounts, and sub-advisor agreements.
Information in this article is based on a press release from Third Avenue Management LLC.
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