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Third Avenue Value Paring Concentration

Third Avenue Value manager Ian Lapey talks about some of the changes he's made at the fund since taking full control while staying clear of a benchmark.

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Russ Kinnel: Hi, my name is Russ Kinnel. I'm director of mutual fund research for Morningstar, and I'm joined today by Ian Lapey, manager of Third Avenue Value. Thanks for joining us.

Ian Lapey: Thank you for having me, Russ.

Russel Kinnel does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.