Third Avenue Small-Cap Value Fund Shareholder Letter Q1 2018
Fund Letters
12.56K Followers
Summary
- Includes detailed analysis of Third Avenue Small-Cap Value Fund's positions in FRPH, WEDXF, SMHI.
- The Fund rose 2.26% during the first quarter and outperformed its benchmark index, the Russell 2000 Value, which declined 2.64%.
- Downside protection weaves through every aspect of our process, so it was nice to see the portfolio generating positive returns despite healthy downside volatility.
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