Chesapeake Capital

Systematic trend following + nothing strategies investing in stocks, FI, commodities, FX, long & short, everywhere.

[Chesapeake Capital @ChesapeakeCap]

Register below!👇Trend Following webinar on May 27, 4PM ET.

[Jerry Parker @rjpjr12]

Outlier Hunting in 2026: How Trend Following Is Capturing Opportunity Across Markets

Speakers: Jerry Parker & Jon Robinson

4 PM ET via ZOOM
Virtual Lunch & Learn, Wednesday, May 27th @rcmAlts
https://t.co/B8bjICPc3M

[Chesapeake Capital @ChesapeakeCap]

Most people only think about buying ETFs during the day. There are other ways to trade them—you can buy at the end of the day at the fund’s actual value, with little to no discount or premium.

[Jerry Parker @rjpjr12]

There is a way to transact an ETF at its closing value.

An end-of-day NAV trade allows an investor to buy or sell ETF shares at the fund’s net asset value (NAV), calculated after the market close.

This occurs in the ETF’s primary market, where shares are created or redeemed, rather than traded on an exchange.

How it works:

• An investor submits an order during the day to transact at the end-of-day Nav
• The exact price is not known in advance—it will be the official closing NAV
• After the close, the ETF calculates NAV based on its holdings
• Shares are then created (or redeemed) at NAV, plus a transaction cost
Why investors may use NAV trades:
• Pricing at NAV rather than the intraday bid/ask spread
• Efficiency for larger allocations
• May reduce market impact by avoiding intraday trading
Transaction costs and execution can vary depending on the liquidity and structure of the underlying portfolio, particularly for funds holding less liquid or non-U.S. instruments.

This creation and redemption process also plays a role in helping ETF market prices remain aligned with NAV over time.

In short:
An end-of-day NAV trade provides a way to transact in an ETF at its closing net asset value rather than its intraday market price.

[Chesapeake Capital @ChesapeakeCap]

A different approach to fixed income:
Systematic. Global. Long/short.
See how TFFI applies trend following to bonds.
👇

[Jerry Parker @rjpjr12]

#ETFlaunch news: Chesapeake Trend Following Fixed Income ETF (ticker $TFFI), which brings Chesapeake’s systematic trend-following process to a daily-liquid ETF, offering a more adaptive approach to fixed income investing. #longandshort @tidalfg
https://t.co/6GkjkgdFua

[Chesapeake Capital @ChesapeakeCap]

A closer look at what differentiates trend-following ETFs today.
👇

[Jerry Parker @rjpjr12]

The ETF wrapper has expanded access to trend following—but implementations vary widely. Differences in market breadth, systems, and portfolio construction can materially shape outcomes. @HedgeNordic
https://t.co/eOvbREnQ94

[Chesapeake Capital @ChesapeakeCap]

April’s positioning highlights how systematic exposure shifted across global markets.
Full breakdown:

[Jerry Parker @rjpjr12]

Here’s what is driving the Blueprint Chesapeake Multi-Asset Trend ETF (ticker: $TFPN) right now: https://t.co/FQARVmFOzJ

[Chesapeake Capital @ChesapeakeCap]

@gfc4 https://t.co/XCNDbZAhtp

[Chesapeake Capital @ChesapeakeCap]

@gfc4 This is fun.
https://t.co/227mX2zirO

[Jerry Parker @rjpjr12]

Exciting opportunity for the teams at @ChesapeakeCap and @blueprint_ip to participate in the @nyse closing bell ceremony 8/9.

[Clifford Asness @CliffordAsness]

Words to live by.

[Clifford Asness @CliffordAsness]

@Sangfroider Pretext?

You are a piece of garbage, and an anonymous coward.

And as to the “rest of the world” shove this up your ass.

https://t.co/8OBHfUEuZV

[Ted Seides @tseides]

"People are too accepting of concentration risk and too frightened of leverage risk."

- @CliffordAsness (EP.385)

With thanks to @invest10east and @srsacquiom.

[Chesapeake Capital @ChesapeakeCap]

@gfc4 The Zweig Forecast.

[Chesapeake Capital @ChesapeakeCap]

@DennisC06836818 The same could be said about interest rates? #notwow #fed

[Alp Dogu @AlpDogu_]

I will post the result and here is a question with regard to position sizing. Any ideas folks ?

Two traders Eli and Phil trading with $1m each. They make 30 trades, buy and sell at the same time and using same entry/exit prices.

Half of the trades produce 30% gain, the other half produce 20% loss.

The gains and losses alternate in order from 30% gain to 20% loss back and forth and one by one.

Eli trades with fixed capital and uses $1m to calculate his position size

Phil uses open equity being traded

At the end of 30 trades which trader would have a better return ?

[Chesapeake Capital @ChesapeakeCap]

@ShokuninTrading @moritzseibert @rjparkerjr09 @RichB118 The trend following systems that capture this trend are statistically meaningless without the backtest that produces 1000's of trades, mostly small losers and winners but a few outliers.

[ETF Hearsay by Henry Jim @ETFhearsay]

New transparent active ETF filed

Blueprint Chesapeake Multi-Asset Trend ETF
ticker/fees tba | Eff Jun 26

Chesapeake Program: Trend-following systematic trading strategy: Derivatives strategy, a long-short strategy, and a cash strategy.

Sub-advisers:
Chesapeake Capital Corporation
Blueprint Fund Management, LLC

@tidalfg @ChesapeakeTweet
https://t.co/cwqNs6XJtm

[Chesapeake Capital @ChesapeakeCap]

https://t.co/C6BOA4gVlP

[Jerry Parker @rjpjr12]

The primacy of the TRADE, not the equity or period RORs. #classictrendfollowing

[Chesapeake Capital @ChesapeakeCap]

@Schot_Capital Investors, investors, investors - yes.
The managers will produce better performance in a fund. Trust the manager or don't invest.

[Richard Brennan @RichB118]

What does a Classic Trend Follower mean when they refer to ‘warehousing risk’?

1/ There is a general market principle when it comes to risk. “Risk can never be removed, but it can be transferred”.