Third Avenue Launches Global Value UCITS For Non-U.S. Investors
26 Fevereiro 2024 - 8:00AM
Business Wire
Third Avenue Management LLC (“Third Avenue”), a New York
City-based investment adviser and leading value investing firm, is
pleased to announce the upcoming launch of the Third Avenue Global
Value Fund (ISIN: IE000K2CIQ63)1. The Fund will run in parallel
with Third Avenue’s flagship global value strategy and employ Third
Avenue’s unique fundamental, bottom-up, value investing philosophy
in publicly traded securities globally.
The global value strategy has been managed for more than three
decades and, since its inception in 1990, has provided investors
with attractive long-term returns. The Fund will be structured as a
sub-fund of Ireland-domiciled UCITS, Gemini Investment Funds
(Ireland) Plc2, and is the second UCITS fund offering from Third
Avenue along with its highly regarded Third Avenue Real Estate
Value Fund (ISIN: IE00B6WFK718).
“We are thrilled to offer the Third Avenue Global Value Fund to
qualified non-US investors,” said Portfolio Manager Matthew Fine.
“For more than three decades, Third Avenue has delivered attractive
results using a unique balance sheet-focused, price-conscious,
fundamental value philosophy, an approach that is arguably more
uncommon today than at any point in many decades. We also believe
it to be an excellent time to broaden the availability of our
strategy to a wider investor base, given the rapidly growing
investor interest in value strategies as an alternative to
growth-oriented and index-based strategies.”
Third Avenue has partnered with Capital Strategies Partners, an
independent third-party marketer headquartered in Madrid with a
global presence that specializes in identifying talented managers
for local distribution.
“We are excited about our partnership with Capital Strategies,”
said Erik Kleinbeck, Managing Director and Head of Business
Development at Third Avenue. “This relationship allows Third Avenue
to focus on our core equity portfolio management expertise while
leveraging the reach and scale of Capital Strategies’ 20 years of
experience in client acquisition and retention in the asset
management industry.”
“We are delighted to extend a warm welcome to Third Avenue as a
valued Investment Manager. By launching the Global Value Fund as a
UCITS vehicle, we hold firm in our confidence that Third Avenue’s
resilient and proven methodology and track record will effectively
cater to the needs of our investor base, spanning both
institutional and wholesale segments,” said Daniel Rubio, Founder
& CEO of Capital Strategies Partners.
“As a business that values our partnerships with Fund Managers
in building strong investment propositions for investors, we at
GemCap look forward to continuing our collaboration with Third
Avenue to launch the Third Avenue Global Value Fund and work with
Capital Strategies Partners to deliver this strategy to the broader
UCITS fund investor community,” said Stuart Alexander, Director of
Gemini Capital Management3.
About Third Avenue Management Third Avenue
Management LLC is a New York City-based investment adviser founded
in 1986 by legendary investor Martin J. Whitman. For more than 35
years, the Firm has consistently pursued a value approach to
investing by focusing on the company’s balance sheet, the value of
its underlying assets, the discounted price of its securities, and
the ability of the enterprise to increase its corporate net worth
over time. Today, the Firm is partnered with AMG (NYSE: AMG) and
has more than $1.4 billion in assets under management across its
five core strategies – Global Value (Nasdaq: TAVFX), U.S. Small-Cap
Value (Nasdaq: TASCX), Global Real Estate (Nasdaq: TAREX),
International Real Estate (Nasdaq: REIFX), and International Value
– which are available to investors through Mutual Funds, UCITS,
Separate Accounts, and Sub-Advisory arrangements. For more
information visit Third Avenue at www.thirdave.com.
_________________________ 1 The launch of the Third Avenue
Global Value Fund is subject to final regulatory approval of the
Fund, expected around March 1, 2024 2 Gemini Investment Funds
(Ireland) Plc is authorised by the Central Bank of Ireland
(C67292) 3 Gemini Capital Management (Ireland) Ltd is
authorised by the Central Bank of Ireland (C155302)
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version on businesswire.com: https://www.businesswire.com/news/home/20240226950474/en/
Dan Gagnier Gagnier Communications TAM@gagnierfc.com
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