Mayar Fund’s 2019 Letter To Partners

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 twelve months ending December 31, 2019, Mayar Fund (Class A) returned 24.67% net of all expenses and fees while the MSCI World Index increased by 27.67%.

Since its inception in May 2011, Mayar Fund is up 139.40% net versus a 109.74% increase for the MSCI.

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