Third Avenue hat wohl den Abgang des "Gurus" Marty Whitman nicht verkraftet. Guter Bericht bei Bloomberg:
http://www.bloomberg.com/news/…f-assets-before-fund-shut
ZitatAlles anzeigenThe firm founded in 1986 by Martin Whitman has been shedding assets
since before the 2008 financial crisis, hurt by poor performance and an
exodus of managers. Two of Third Avenue’s four remaining funds trail 98
percent of peers over the last five years. The firm’s assets, which
reached $26 billion in 2006, sunk to $8 billion at the end of November.
The money manager has also been bleeding talent since Whitman turned over
his flagship Third Avenue Value Fund in 2012 to Ian Lapey after it lost
21 percent the prior year. Lapey left along with more than a dozen
managers and analysts in the last three years, adding to concerns about
the firm’s risk management and oversight. Chief Executive Officer David
Barse departed this week after shutting down the Focused Credit Fund.