Blueprint Chesapeake ETF (TFPN) Breaks Through $75 Million Mark
April 8, 2024
The Blueprint Chesapeake Multi-Asset Trend ETF (ticker: TFPN) has reached $75 million in assets within nine 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, both long and short. The ETF’s massive global diversification and long/short flexibility can adapt during all market cycles.
“TFPN is a next-generation liquid alt, one that solves the challenges advisors face when using other liquid and traditional alt strategies,” says Blueprint CEO and Co-Founder and TFPN Portfolio Manager Jon Robinson. “We are beyond grateful for hitting this incredible milestone, but because TFPN is such an innovative strategy, we can humbly admit we are not surprised to have reached it so quickly.”
While this strategy is newly packaged as an ETF to be more accessible for advisory practices, the underlying strategy itself has been trading since 1994 – offered by Chesapeake as a private fund and separately managed account.
“We are excited about being able to expand the accessibility of our trend-following principles through an ETF vehicle,” says Chesapeake Chairman and CEO and TFPN Portfolio Manager Jerry Parker. Advisors are opting to use TFPN as a complement or replacement to other liquid alt strategies, such as managed futures and hedged equity.”
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.