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Institutional Investment Pitches
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
In Q3 2025, the Third Avenue Small-Cap Value Fund returned 7.18%, underperforming its primary benchmark, the MSCI USA Small Cap Value Index, which returned 8.97%. Positive quarterly contributors...
— Matthew Fine, CFA and Jason Wolf, CFA
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