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Marty Whitman's Successor Ian Kapey Discusses Third Avenue Portfolio and Investment Strategy
Posted by: Dheeraj Grover (IP Logged)
Date: June 28, 2012 09:34AM

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.

This is what he said on what changes he is making after taking over the baton from legendary investor Marty Whitman.

"I plan to manage the fund using the same long-term, bottom-up, buy-and-hold, safe-and-cheap philosophy that Marty developed. The one difference is that the fund will be and already is a little bit less concentrated. So, the top 10 holdings in the fund in the beginning of March, when I took over, accounted for about 70% of the fund. Now it's about 61%."

Here is the video:






Guru Discussed: Martin Whitman: Current Portfolio, Stock Picks
Stocks Discussed: AMAT, DVN, CMA,
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Re: Marty Whitman's Successor Ian Kapey Discusses Third Avenue Portfolio and Investment Strategy
Posted by: augustabound (IP Logged)
Date: June 28, 2012 06:59PM

Just an FYI, you misspelled his name in your topic title. (Kapey)



Guru Discussed: Martin Whitman: Current Portfolio, Stock Picks
Stocks Discussed: AMAT, DVN, CMA,
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