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Third Avenue Value Fund Sells Nearly Half of Stake in POSCO

2016-01-06 01:09:50| Steel - Topix.net

Although Martin Whitman has a reputation for being a "buy and hold" investor, many of Third Avenue Value Fund's largest transactions in the fourth quarter, which ended Oct. 31, 2015, were reductions. The fund's most significant fourth-quarter transaction was the reduction, by more than 48%, of the stake in POSCO , a Pohang, South Korea-based steelmaking company.

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