Blueprint Partnering with Chesapeake To Sub-Advise Trend Following ETF
July 12, 2023
Blueprint Fund Management, an asset management firm that designs, distributes and manages systematic, process-driven, and transparent investment strategies for financial advisors, announced today a partnership with Chesapeake Capital Corporation, an innovative provider of systematic alternative investment solutions that was founded by legendary Turtle Trader Jerry Parker. The two firms will sub-advise the Blueprint Chesapeake Multi-Asset Trend ETF (ticker: TFPN). 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.
“TFPN is a next-generation liquid alt that intends to solve the drawbacks associated with other liquid and traditional alt strategies available to financial advisors,” says Blueprint CEO and Co-Founder and TFPN Portfolio Manager Jon Robinson. “The ETF 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.”
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.
“While other asset managers offer trend following plus something, TFPN adds nothing. The ticker TFPN says it all: trend following plus nothing,” says Parker, Chesapeake Chairman and CEO and TFPN Portfolio Manager. “Unlike many traditional managed futures strategies, TFPN is designed to provide pure trend following with no style drift, avoid over-fitting or over-optimizing, and remove emotion from the decision-making process.”
TFPN’s total expense ratio is 1.10%.
This launch of TFPN comes in the wake of several other strategic initiatives for Blueprint, including the launch of a risk-managed, global mutual fund in 2020.
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.