Third Avenue Management
Third Avenue Management was founded by veteran value investor Martin J. Whitman in 1986. Since its founding, the firm has pursued a sole discipline of fundamental value investing.
Third Avenue Management focuses on one proven value philosophy, which focuses on the strength of a company's balance sheet and the discounted prices of its securities.
NEW YORK, Feb. 10, 2012 /PRNewswire/ -- Third Avenue Management LLC, an investment adviser to private and institutional clients, announced today that Ian Lapey, Co-Portfolio Manager of the flagship Third Avenue Value Fund (TAVFX, TVFVX) has been promoted to sole portfolio manager, effective March 1, 2012. Third Avenue's founder, Martin J. Whitman, who has managed the fund since its inception in 1990, will step down as Co-Portfolio Manager of Third Avenue Value Fund but will remain as Chairman of the fund complex. Mr. Lapey has served as Co-Portfolio Manager ...
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