Third Avenue Small-Cap Value Fund's Q3 Update on Ambac Financial Group (AMBC)
ByAinvest
Thursday, Nov 6, 2025 8:00 am ET1min read
AMBC--
Third Avenue Small-Cap Value Fund reported a 7.18% return in Q3 2025, compared to the MSCI USA Small-Cap Value Index's 8.97% and the Russell 2000 Value Index's 12.60%. The fund highlighted Ambac Financial Group, Inc. (AMBC), a financial services holding company, which received Wisconsin regulatory approval to sell its legacy financial guarantee business to Oaktree Capital Management. Ambac's balance sheet will now reflect its "go-forward" business, and it will purchase ArmadaCare from SiriusPoint Ltd. for $250 million, funded by the sale's proceeds.
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