Third Avenue Funds re-opened the Third Avenue Value Fund to new investors on Oct. 15.

The no-load fund, which has $1.5 billion in assets, was closed on July 15 because of a large cash position of approximately $434 million. The fund's cash position has been lowered to $209 million.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.