Our flagship mutual fund's high conviction strategy seeks to invest in undervalued securities across industries, regions and market capitalizations. Our fundamental analysis seeks to identify stocks trading below their intrinsic value.
For the three months ended September 30th, 2019, the Third Avenue Value Fund (the “Fund”) returned (9.93%), compared to the MSCI World Index, which returned 0.66%.
The escalation of the U.S. and China trade war during recent quarters has, broadly speaking, been a substantial headwind to Fund performance.
Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.