Ben Lerner

Ben Lerner is a Research Analyst at Third Avenue Management in New York, NY, where he has served since 2010. In this role, he is responsible for deep fundamental research focused on distressed debt and special situations, contributing to the firm’s fixed income and opportunistic value investing strategies. Lerner’s primary investment focus encompasses distressed credit, special situations, and fixed income securities, where he identifies and analyzes value-driven opportunities across a range of industries and complex capital structures.

Prior to joining Third Avenue Management, Lerner worked in Leveraged and Acquisition Finance at Morgan Stanley, where he developed expertise in structuring and analyzing complex credit transactions. His experience also includes roles in other leading investment firms, which has broadened his perspective on both public and private markets, with a particular emphasis on contrarian and value-driven approaches.

Lerner earned a BS in Finance & Marketing from Syracuse University’s Martin J. Whitman School of Management, providing a strong foundation in analytical and quantitative analysis for evaluating investments. Recognized for his work in distressed and special situations, Lerner has contributed to the development of differentiated credit strategies and has been an active participant in shaping Third Avenue Management’s approach to opportunistic and value-based investing.