March 14, 2024
Company News

Third Avenue Management Named 2024 Best Equity Fund Family Group by LSEG Lipper

New York, NY – March 14, 2024 – Third Avenue Management LLC (“the Firm” or “Third Avenue”) announced today that the Firm was named as the LSEG Lipper Fund Awards Winner United States 2024, Best Equity Small Size Fund Family Group Over Three Years. The Group Awards are presented by LSEG Lipper each year to recognize fund companies that have excelled relative to their peers.

“Third Avenue Management has remained singularly committed to executing upon its unique form of active, fundamental, value investing,” said Matthew Fine, Portfolio Manager of the Third Avenue Value Fund.  “This has become an increasingly unconventional approach in recent years but one we believe enables our firm to produce superior results for clients across our strategies. We are thrilled to deliver on those expectations and grateful to LSEG Lipper for recognizing that success.”

The LSEG Lipper Fund Awards have been synonymous with strong risk-adjusted performance for more than three decades, and the Small Group Awards are reserved for Fund Families that have at least three distinct portfolios in one of the Asset Classes (Equity, Bonds, or Mixed-Asset portfolios) and the most superior rank, on average, per Asset Class¹.

Third Avenue’s designation as the 2024 Best Equity Small Size Fund Family Group was driven by the performance within its actively managed Mutual Funds, including the Third Avenue Value Fund (NASDAQ: TAVFX), Third Avenue Small-Cap Value Fund (NASDAQ: TASCX), and Third Avenue Real Estate Value Fund (NASDAQ: TAREX) for the three-year period ended December 31, 2023².

“An actively managed fund with a sound strategy, robust process, and aligned portfolio management team has strong prospects to outperform over the long-term,” said Jason Wolf and Ryan Dobratz, Co-Portfolio Managers of the Third Avenue Real Estate Value Fund. “This distinguished award not only reinforces such a view but also represents the steadfast commitment Third Avenue has to delivering superior long-term results to our clients.”

Robert Jenkins, Global Head of Research, Investment & Wealth at LSEG Lipper added, “We applaud the 2024 LSEG Lipper Fund Award winners such as Third Avenue Management for delivering outperformance and the accompanying comfort of consistency to investors’ portfolios through across-current of global market disruptions.”

The LSEG Lipper United States Fund Awards 2024 were presented in New York City on March 13, 2024.

Group Awards:

  • LSEG Lipper Fund Awards Winner United States 2024, Best Equity Small Size Fund Family Group Over Three Years.

About LSEG Lipper Fund Awards

For more than 30 years and in over 19 countries worldwide, the highly-respected LSEG Lipper Awards have honored funds and fund management firms that have excelled in providing consistently strong risk-adjusted performance relative to their peers and focus the investment world on top-funds. The merit of the winners is based on entirely objective, quantitative criteria. This coupled with the unmatched depth of fund data, results in a unique level of prestige and ensures the award has lasting value. Renowned fund data and proprietary methodology is the foundation of this prestigious award qualification, recognizing excellence in fund management.

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