Blueprint Chesapeake ETF (TFPN) Breaks Through $100 Million Mark
June 13, 2024
The Blueprint Chesapeake Multi-Asset Trend ETF (ticker: TFPN) has surpassed $100 million in assets as of 6/12/2024, in less than one year of trading. TFPN is sub-advised by two partners: Blueprint Fund Management (an asset management firm that designs, distributes and manages systematic, process-driven, and transparent investment strategies for financial advisors) and Chesapeake Capital Corporation (an innovative provider of systematic alternative investment solutions that was founded by legendary Turtle Trader Jerry Parker). TFPN seeks capital appreciation by trend following as many as 500 securities, futures, and forward contracts across four macro asset classes, both long and short. The ETF’s massive global diversification and long/short flexibility can adapt during all market cycles.
“While we’re incredibly grateful for hitting this important milestone so quickly, we are not surprised, given how innovative this ETF is,” says Blueprint CEO and Co-Founder and TFPN Portfolio Manager Jon Robinson. “We have broken through some glass ceilings with regards to instruments traded – on both the quality and quantity fronts – and by combining equities with futures. Demand has been significant and continues to grow.”
Although this strategy is newly packaged as an ETF to be highly accessible for advisory practices, the underlying strategy has been trading since 1994 and is offered by Chesapeake as a private fund and separately managed account.
“We are humbled and excited for the opportunity to expand the accessibility of our trend-following discipline through an ETF vehicle,” says Chesapeake Chairman and CEO and TFPN Portfolio Manager Jerry Parker. “This is a next-generation liquid alternative that seeks to solve the drawbacks associated with other liquid and traditional alt strategies available to financial advisors today.”
TFPN’s total expense ratio is 1.10%.
About Blueprint Fund Management
Blueprint Fund Management designs, distributes, and manages systematic, process-driven, and transparent investment strategies for financial advisors and institutions. The firm aims to make trend following strategies highly accessible to advisors by offering and sub-advising investing strategies that are available as a mutual fund or ETF. Across the product offering, the firm applies a rules-based approach to both asset class and time diversification, instilling discipline and removing human bias during emotionally charged market environments.
About Chesapeake Capital Corporation
Chesapeake Capital Corporation is an innovative provider of systematic alternative investment solutions, including a limited partnership, separately managed accounts, and mutual funds. The firm was founded in 1988 by legendary Turtle Trader Jerry Parker, who continues to serve as the Chairman and CEO. The firm’s consistent, single-minded approach to managing client capital is trend following, and its client base includes private and institutional investors worldwide.