Third Avenue Management, a disciplined, value-oriented asset manager and investment fund, published its 'Small-Cap Value Fund' third-quarter 2020 Investor Letter – a copy of which can be downloaded here. A return of 11.41% was recorded by the fund for the 3rd Quarter of 2020, below its Russell 2000 Value benchmark that returned 18.91%. You can view the fund's top 10 holdings to have a peek at their top bets for 2021. Third Avenue Management in their Small-Cap Value Fund's Q3 2020 Investor Letter said that they've reached their buy signal in Washington Trust Bancorp, Inc. (NASDAQ: WASH ) and so they initiated a position in the company. Washington Trust Bancorp, Inc. is a bank holding company that currently has an $814 million market cap. For the past 3 months, Washington Trust Bancorp, Inc. delivered a 41.88% return and settled at $47.16 per share at the closing of January 15th.