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From Komfie Manalo, Opalesque Asia:
The Global Consumer Loyalty Fund Ltd., which is managed by Cayman Islands exempted company MR Capital Management Ltd.. However, like many managers hit by the August market volatility, the fund’s managers expect the short-term to be less positive.
"We are fully confident about our performance only in the long run," Mohannad ALRashoudi, Founder and fund Director of MR Capital told Opalesque when asked to reflect on strong July performance and the struggle many funds have had in early August. The fund is currently featured in Opalesque Solutions' Emerging Managers Database.
In an exclusive interview, ALRashoudi said that August may be less rewarding for the fund. He pointed to the decision to overweight large cap consumer staples in Japan and Switzerland during May and July and to begin repositioning during August.
ALRashoudi said he expects Global Consumer Loyalty Fund to do better compared to the market in terms of performance this year. But he added that the returns they are expecting may not exceed expectations.
"This won’t be a satisfactory return as markets aren’t a good bench mark any more, at least in such conditions. While we are very optimistic on the long run, if volatility isn’t a high rated risk factor as it's used to be," he added.
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