Blueprint Chesapeake ETF (TFPN) Breaks Through $50 Million Mark
September 29, 2023
The Blueprint Chesapeake Multi-Asset Trend ETF (ticker: TFPN) has reached $50 million in assets under in less than three months 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. The ETF’s massive global exposure and long/short flexibility can adapt during all market cycles.
“We anticipated healthy demand for this next-generation liquid alt due to its intention to solve the drawbacks associated with other liquid and traditional alt strategies available to financial advisors today,” says Blueprint CEO and Co-Founder and TFPN Portfolio Manager Jon Robinson. “TFPN is constructed in a way that we believe addresses advisors’ concerns about portfolio drag during bull markets, highly correlated return streams, tax efficiency, investor behavior, and overall expenses.”
Advisors are opting to use TFPN as a complement or replacement to other liquid alt strategies, such as managed futures and hedged equity.
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 believe launching an ETF that can trade as many as 500 global securities, futures, and forward contracts, both long and short, represents a positive evolution for investors who seek more diversified and efficient portfolio options,” says Parker, Chesapeake Chairman and CEO and TFPN Portfolio Manager. “We are humbled and excited for the opportunity to expand the accessibility of our trend-following discipline through an ETF vehicle.”
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 strategy 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.