NEW YORK --(BUSINESS WIRE)

Third Avenue Management LLC (“Third Avenue”), a New York-based registered investment adviser, is pleased to announce that Erik C. Kleinbeck has rejoined the Firm as Head of Business Development. In this capacity, Mr. Kleinbeck will lead Third Avenue’s institutional and intermediary sales, consultant relations, and marketing and client relationship functions. Mr. Kleinbeck was previously with Stralem & Company as Director of Business Development and Relationship Management. He was also a member of Stralem’s investment committee.

“I am very excited to rejoin Third Avenue. The firm’s deep-value approach, pioneered by Third Avenue Founder Martin Whitman, combined with a strong client focus, position the company to create value for its clients in multiple channels. I join a very talented team of professionals and look forward to working with the Third Avenue Funds and the team once again.”

“We are very pleased to welcome Erik back to our team. His industry relationships, knowledge of business development, and deep understanding of Third Avenue’s principles make him a great addition to the company at the same time that many forward-thinking investors are seeking out modern-value strategies such as those offered by Third Avenue,” said Jason Wolf, Portfolio Manager.

Prior to joining Stralem, Erik spent 9 years as Senior Managing Director, Business Development at Third Avenue Management responsible for sales and client relationship management of Third Avenue’s alternative and traditional strategies covering domestic and overseas institutions and intermediaries. Previously, Mr. Kleinbeck was Managing Director with SPARX Investment & Research, USA, Inc. from 2003 to 2007 after spending 9 years at Warburg Pincus Asset Management and Credit Suisse Asset Management in various business development, client relationship management and operational roles in both New York and Tokyo.

Erik holds a BA in economics from Denison University and an MBA from University of Connecticut School of Business.

About Third Avenue Management

Third Avenue Management LLC is a New York-based investment advisory firm founded in 1986 by legendary investor Martin J. Whitman. Today, the Firm is majority owned by Affiliated Managers Group, Inc. and has more than $2 billion in assets under management. Third Avenue adheres to a disciplined bottom-up value investment strategy in order to identify investment opportunities in undervalued securities of companies with high quality assets, understandable businesses and strong management teams that have the potential to create value over the long term.

Third Avenue Funds are offered only by prospectus. The prospectus contains important information, including investment objectives, risks, advisory fees and expenses. Please read the Prospectus carefully before investing or sending money. For a current Prospectus please visit our website at www.thirdave.com, or call 800-443-1021. Distributor of Third Avenue Funds: Foreside Fund Services, LLC.

Dan Gagnier / Erin Passan
Gagnier Communications
TAM@gagnierfc.com

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