David is the Founder and Chief Executive Officer of XOUT Capital, an index company specializing in identifying companies to ‘XOUT’ or remove from an index. Previously, he was the CEO of Third Avenue Management for 25 years, a pioneer in fundamental, bottom-up deep value investing. Under his leadership, Third Avenue grew its assets and broadened its product offerings to include mutual funds, separate accounts, sub-advised portfolios and private partnerships, without sacrificing its disciplined value investing strategy.
Outside of XOUT, Mr. Barse is the Founder of DMB Holdings, a private family office with a diverse investment portfolio, Executive Producer of film 'Summer of Soul' and serves as Director of Covanta Energy Corporation, a global leader in the energy from waste industry. He also serves as a Trustee of Brooklyn Law School, a Director and member of the Executive Committee of the City Parks Foundation and a board member of the Big Apple Gold Chapter of the Young Presidents Organization, based in New York City. He is a member of the EQM XOUT U.S. Large Cap Index Committee. Following in his father’s footsteps, Mr. Barse earned his J.D. at Brooklyn Law School and holds a bachelor’s degree from George Washington University.