Larry H.

Larry Hedden, CFA, is a Research Analyst (Global Value, Generalist) at Third Avenue Management, based in New York, NY. In this role since 2021, he contributes to the firm’s value-driven investment process, focusing on global value strategies and conducting fundamental research across a broad spectrum of global equity opportunities. His responsibilities include in-depth analysis of public companies and supporting the portfolio management team in asset allocation, with an emphasis on identifying undervalued companies with strong balance sheets and idiosyncratic value-driven characteristics.

Larry’s investment coverage as a generalist spans a variety of sectors and regions, reflecting Third Avenue Management’s global, asset-based value-investing philosophy. In addition to generalist equities, his expertise extends to listed real estate securities, drawing on his previous experience as Vice President specializing in listed real estate investments at Madison International Realty. Prior to rejoining Third Avenue in 2021, Larry served as Senior Research Analyst at the firm from 2012 to 2017, building a track record in deep fundamental investment research and cross-sector valuation analysis.

He holds a Bachelor of Arts in Economics from Dartmouth College and is a CFA charterholder. With over a decade of research experience in both global equities and real estate securities, Larry Hedden combines rigorous analytical skills with broad market insights to drive value-oriented investment decisions for institutional and retail clients.