WEST PALM BEACH, FL (HEDGECO.NET) – Tidewater Capital Management, Inc. announced the launch of its latest hedge fund, the Tidewaters Partners Fund, LP. The new fund seeks to deliver fixed absolutereturns by investing in real estate opportunities. �The Tidewater Partners Fund, LP is targeting annual returns in the range of 10-12% net of a 2% annual management fee to the General Partner,”according to Bradley P. Tuyn, the portfolio manager of the fund.
The Tidewaters Partners Fund, LP, requires a minimum investment of $250,000, and the fund carries a minimum lockup period of 1 year, due to the underlying balloon mortgage maturities. The new fund is domiciled with Northern Trust.
In a letter to accredited investors, Tuyn said, �In an effort to provide our clients with high yield, secured fixed rates of return, we are proud to introduce the Tidewater Partners fund, LP-A Delaware Series Limited Partnership that pursues its objective by investing in short term, fixed rate debt obligations secured by mortgages on real property.”
Tuyn went on to say �The maturities of each series investment will range from 12-36 months, and pay the investor {Limited Partner} a secured fixed return of 10-14% annually. Limited Partners may invest in any or all of the Series of the Partnership.�
Tidewater Capital Management also manages the Tidewater Opportunity Fund, LP. That U.S. market neutral fund has consistently beaten its benchmark since its inception according to recent monthly commentaries (to its investors).
Further information on the fund is available to accredited investors and qualified applicants on the Tidewater Capital website at www.tidewatercapital.com. The fund is also listed on hedge fund database, HedgeCo.Net.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net
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