Third Avenue Real Estate Value UCITS Named Best Global Real Estate Fund by LSEG Lipper
24 Aprile 2024 - 2:38PM
Business Wire
The 2024 Award Recognizes the Fund for
Consistently Strong Risk-Adjusted Performance Relative to its Peers
in the U.K., France, Switzerland, and Europe Region
The Awards Mark the Team’s Sixth Year Receiving
a Lipper Award in the Global Real Estate Category
Third Avenue Management LLC (“the Firm” or “Third Avenue”)
announced today that the Third Avenue Real Estate Value UCITS Class
A1 Shares¹ (“the Real Estate Value Fund”) was named the Best Global
Real Estate Fund Over Three Years at the 2024 LSEG Lipper Funds
Awards in Europe, the U.K., Switzerland, and France.
The Lipper Fund Awards have been synonymous with strong
risk-adjusted performance for more than three decades, and these
awards were presented for the Real Estate Value Fund performance
over the three-year period ended December 31, 2023² marking the
sixth year the Third Avenue Real Estate team has been recognized by
LSEG Lipper for excelling relative to its peers³.
“We are honored to be recognized by LSEG Lipper for providing
the shareholders of the Third Avenue Real Estate Value UCITS Fund
with sector-leading results,” said Ryan Dobratz, Co-Portfolio
Manager of the Fund. “Receiving a Lipper Award for the sixth time
is also a testament to the durability of Third Avenue’s distinctive
real estate strategy and the robust process the team has developed
over the past two decades.”
“The Real Estate Value Fund’s long-term results reflect Third
Avenue’s unique approach to listed real estate investing,” added
Jason Wolf, Co-Portfolio Manager of the Fund. “As we’ve done since
1998, we will continue to identify and invest in well-capitalized
and well-managed companies that we believe trade at a discount to
our estimate of net-asset value—irrespective of whether they are
included in a benchmark. We believe this is the key to generating
superior long-term results.”
Robert Jenkins, Global Head of Research, Investment & Wealth
at LSEG Lipper noted, “We applaud the 2024 LSEG Lipper Fund Award
winners such as Third Avenue Management for delivering
outperformance and the accompanying comfort of consistency to
investors’ portfolios through a cross-current of global market
disruptions.”
The LSEG Lipper Fund Awards were presented for the Europe Region
on March 6, 2024, for Switzerland on March 26, 2024, for France on
April 19, 2024, and for the U.K. on April 24, 2024.
Fund Awards:
- LSEG Lipper Fund Awards Europe 2024 Winner, Third Avenue Real
Estate Value UCITS (A1), Best Global Real Estate Fund Over Three
Years.
- LSEG Lipper Fund Awards Switzerland 2024 Winner, Third Avenue
Real Estate Value UCITS (A1), Best Global Real Estate Fund Over
Three Years.
- LSEG Lipper Fund Awards France 2024 Winner, Third Avenue Real
Estate Value UCITS (A1), Best Global Real Estate Fund Over Three
Years.
- LSEG Lipper Fund Awards United Kingdom 2024 Winner, Third
Avenue Real Estate Value UCITS (A1), Best Global Real Estate Fund
Over Three Years.
About LSEG Lipper Fund Awards
For more than 30 years and in over 17 countries worldwide, the
highly-respected LSEG Lipper Awards have honored funds and fund
management firms that have excelled in providing consistently
strong risk-adjusted performance relative to their peers and focus
the investment world on top-funds. The merit of the winners is
based on entirely objective, quantitative criteria. This coupled
with the unmatched depth of fund data, results in a unique level of
prestige and ensures the award has lasting value. Renowned fund
data and proprietary methodology is the foundation of this
prestigious award qualification, recognizing excellence in fund
management.
Find out more at www.lipperfundawards.com.
¹ - Refers to the Third Avenue Real Estate Value Class A1 (USD
Retail Accumulation) Shares (ISIN: IE00B57HGY48), a share class of
the Third Avenue Real Estate Value UCITS, a sub-fund of Gemcap
Investment Funds (Ireland) plc (“Gemcap Funds”) and is not
available to U.S.-based investors. Gemcap Funds provides UCITS
Funds for non-U.S. based investors and does not offer any products
or services to U.S.-based investors. Third Avenue Management acts
as the Investment Manager to the Third Avenue Real Estate Value
Fund on the GemCap Investment Funds platform.
² - The LSEG Lipper Fund Awards, granted annually, highlight
funds and fund companies that have excelled in delivering
consistently strong risk-adjusted performance relative to their
peers. The LSEG Lipper Fund Awards are based on the Lipper Leader
for Consistent Return rating, which is a risk-adjusted performance
measure calculated over 36, 60 and 120 months. The fund with the
highest Lipper Leader for Consistent Return (Effective Return)
value in each eligible classification wins the LSEG Lipper Fund
Award. The 2024 LSEG Lipper Fund Awards for the Best Global Real
Estate Fund Over Three Years were upon based on a review of 41, 30,
34, and 41 qualified shares classes that were eligible in Europe,
Switzerland, France, and the United Kingdom, respectively.
³ - For past LSEG Lipper Fund Awards results, please visit:
https://www.lipperfundawards.com/
About Third Avenue Management Third Avenue Management is a New
York City-based investment adviser founded in 1986 by legendary
value 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 $1.5 billion in
assets under management across its five core strategies – Global
Value, U.S. Small-Cap Value, Real Estate Value, International Real
Estate, and International Value – which are available to investors
through Mutual Funds, UCITS, Separate Accounts, and Sub-Advisory
Arrangements.
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For Press Related inquires related to Third Avenue Management:
Gagnier Communications Dan Gagnier, +1 646-569-5897
dg@gagnierfc.com
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