Founded in 2002, Tidewater Capital Management, Inc. (“TCM”) is a Registered Investment Advisory firm (“RIA”) that manages alternative investment products. TCM’s debut product was the Tidewater Opportunity Fund, LP – a U.S. Equity Market Neutral hedge fund created to generate the highest quality risk-adjusted returns for its investors.
In 2004, TCM created the Tidewater Partners Fund, LP, one of the nation’s first real estate hedge funds structured as a “Preferred Equity” Delaware Series Limited Partnership with the help of Greenberg Traurig. This Fund was designed to finance niche real estate developments while generating fixed “Preferred” returns to its investors.
In 2006, TCM was convinced that America’s rampant real estate pricing acceleration had run its course. As a result, the Firm began to liquidate its Florida-based real estate assets in the summer of 2006. All owned Series properties were sold for a profit and the firm began to shift its focus on one of the fastest growing real estate markets in the world, Costa Rica.
Despite the worldwide market events of 2008-2009, TCM believes worldwide market demand for affordable retirement properties in Costa Rica will remain for the long term, thus allowing investors the ability to diversify their real estate portfolio offshore.Since TCM discontinued raising capital for the real estate product in 2009, the Firm now has plans to re-launch the former Tidewater Opportunity Fund, LP in 2012 as a long-short U.S. Equity product in order to take advantage of the stock market’s current volatility and global economic fears. Similar models and trading strategies of the former market neutral strategy will be implemented only this time in a directional manner. The Fund’s goal will remain: to generate the highest quality risk-adjusted returns for its investors.