Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Portfolio > Alternative Investments > Real Estate

Two Third Avenue Funds Set to Close

By Staff Writer

X
Your article was successfully shared with the contacts you provided.

June 8, 2005 — The Third Avenue Real Estate Value Fund (TAREX) and the Third Avenue International Value Fund (TAVIX) will close to new investors on June 30.

The action is aimed at keeping the funds’ assets from increasing to the point where they could hurt performance or the way the portfolios are managed.

The $2.7-billion Real Estate Value fund and the $1.3-billion International Value fund “have experienced tremendous cash inflows,” David Barse, president and chief executive officer of Third Avenue Management LLC, which runs the funds, said in a statement. Barse added that the firm wants to “responsibly control the growth of both funds.”

Both funds are ranked 5 Stars by Standard & Poor’s.

Contact Bob Keane with questions or comments at: .

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.