Mayar Fund's Q3 2019 Letter To Partners
by Abdulaziz A. Alnaim, CFASummary
- We invest globally in great businesses that have durable economic moats, favorable customer economics, consistent financial results, high and stable returns on capital, strong cash flow generation, and attractive capital.
- For the three months ending September 30, 2019, Mayar Fund returned –0.6% net of all expenses and fees while the MSCI World Index increased by 0.5%.
- Since its inception in May 2011, Mayar Fund is up 117.4% net versus a 93.2% increase for the MSCI.
Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.