Third Avenue Management
hired Steven Johnson
, previously with Grail Partners
, to head up sales. Johnson joined Manhattan-based Third Avenue as senior managing director on May 6 and reports to president and CEO David Barse
| Steve Johnson|
Senior Managing Director
Johnson's post was newly created, according to Third Avenue spokeswoman Bridget Smith. Johnson will oversee a team of eight, focusing on developing Third Avenue's institutional client base.
He was most recently a partner at Grail Partners, responsible for the identification and targeting of capital providers for two private equity funds.
Before that, he worked for Schroder Investment Management
, Martin Currie
and Neuberger Berman
Grail managing partner Don Putnam told The MFWire
that Johnson left the firm last week and
the parting was "amicable."
May 8, 2009, New York, NY – Third Avenue Management LLC, an investment adviser to private and
institutional clients, announced today that Steven Johnson has joined the firm as a Senior Managing
Director. Mr. Johnson will be responsible for leading Third Avenue’s sales effort, with a focus on
developing Third Avenue’s institutional client base.
“Steve Johnson has a long and distinguished history of working with the institutional investment
community,” said David Barse, President and Chief Executive Officer of Third Avenue Management
LLC. “Under Steve’s leadership, we expect to better serve our clients and enhance our relationships
with institutional investors. Steve will leverage off of our existing sales team and look to build out our
effort to aggressively grow Third Avenue’s client base domestically and internationally.”
Mr. Johnson has over 25 years of experience working with institutional investors and asset
management firms. Most recently, he was a partner at Grail Partners, where he was responsible for
the identification and targeting of capital providers, fundraising, and investor relations for two private
equity funds. Previously, he served in various roles predominantly focused on Institutional Business
Development at Schroder Investment Management, Marathon, Martin Currie Inc., and Neuberger &
Berman. Mr. Johnson holds a B.A. in History and an M.B.A. from the University of Virginia.
Commenting on his new position, Mr. Johnson stated, “I admire Third Avenue’s value-oriented
investment process and believe that the firm’s outstanding track record, stable and deep bench of
investment professionals, and risk management controls are especially appealing to institutional
investors now more than ever. I am particularly excited to join the firm at this point in time, given that
Third Avenue’s expertise in distressed investing makes it uniquely positioned to take advantage of the
unprecedented opportunities in the current market environment.”
About Third Avenue Management
ue Management LLC is a New York-based investment advisory firm that offers its services
to private and institutional clients. Third Avenue adheres to a disciplined bottom-up value investment
strategy 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 Management has approximately $12 billion in assets under
management and offers value-oriented strategies through mutual funds, UCITS, separate accounts
and alternative investment vehicles.
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