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No Management Fee
No Closet Indexing

Just Investing


Welcome to Tidefall Capital Management


Tidefall is a concentrated, unconstrained investment fund manager that attempts to compound its capital at an attractive rate of return by focusing exclusively on our best ideas.


We employ a value based investment framework where we buy securities that we believe are trading for less than their intrinsic value and sell when this discount has closed. 


Unlike traditional hedge funds with a 2% management fee and 20% incentive fee, Tidefall uses the original Warren Buffett partnership 0/6/25 fee model, meaning we charge zero management fee.


Tidefall only takes an incentive fee and only if you make more than 6% per year. When your return is over 6%, we take one quarter of the excess. For example, to be charged a 1% fee, your investment has to earn 10% for the year, before fees.


The market rarely offers compelling investment opportunities, so when we find one, we may make it a significant position size. This level of concentration will lead to volatility and periods of underperformance.

It is important to note that we do not measure risk by volatility but rather by the likelihood of capital impairment. Volatility is acceptable; impairing our capital is not.


Potential clients need to share our long term time horizon, otherwise Tidefall is not the right choice.

If you are an accredited investor and interested, we would like to hear from you.


Thank you,


Trevor Scott


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Past performance should not be mistaken for and should not be construed as an indicator of future performance and there is no assurance that the investment objectives of the Fund will be achieved. An investment in the Fund involves a high degree of risk.



Trevor Scott, CFA
Portfolio Manager

Trevor previously worked as an Investment Analyst at Peters MacGregor Capital Management focusing on global equities. Trevor graduated from Bishop's University with a BBA and is a CFA charterholder. Outside of work, Trevor is into basketball, skiing and running (and is determined to get a sub 20 minute 5km race time and is putting this online to keep himself accountable). 

Jason Kuan, CFA
Chief Compliance Officer & Partner Relations

Jason previously worked as an Analyst with 1832 Asset Management L.P. (a division of the Bank of Nova Scotia) focusing on securities valuations and portfolio optimization. Jason graduated from The University of Guelph with a Bachelor's Degree, Management Economics in Industry & Finance and is a CFA charterholder. Outside of work, Jason is into volleyball and biking (road and yes he is now a winter peloton rider too). 

Partner letters are released publicly with a one quarter delay.


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Quarterly letter sign up


If you are an accredited investor, please contact us for more information.

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