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Patricia Campbell
Peregrine Financial Group, Inc. (PFGBEST)
(312) 775-3411


PFG’s Quarterly CTA Challenge Winner Receives $250,000 Allocation

Fifth Challenge Underway with More Competitions Slated

CHICAGO, June 15, 2006: Peregrine Financial Group, Inc. (PFG) completed its fourth CTA Challenge on May 31, 2006. The competition, which will culminate in a championship showdown in 2007 comprised of the first and second place winners from each quarterly contest, identifies and showcases emerging Commodity Trading Advisor (CTA) talent, strategies and techniques.

Sam Butler won PFG’s fourth CTA Challenge, which ran from March 1, 2006 through May 31. He receives the $250,000 managed account allocation from PFG. This is the second win for Mr. Butler, the president and CIO of Steadfast Resource Associates, LLC. His rate of return in this most recent competition was 3.39% with a risk-adjusted ratio1 of 5.14. Sam previously won the six-month long competition which began May 1, 2005 and ended October 31, 2005. To see the complete results of this contest including more information on the contestants, visit

In 2006, the CTA Challenge was rolled out in a new format. The 2006 competitions will last three months, with new quarterly Challenges beginning on June 1, September 1 and December 1, 2006. The winner of each quarterly Challenge, based on risk-adjusted return, will be awarded the opportunity to trade a $250,000 managed account for PFG. This sizable allocation helps further establish the track record for the top-performing CTA. At the conclusion of the full year, the first- and second-place winners from each quarter are invited to participate in a six-month CTA Championship Showdown from March 1 to August 31, 2007; the winner from this field of eight CTA finalists will be given the opportunity to trade a managed account allocation of $1 million for PFG.2

“Many of the competitors continue on from quarter to quarter, building their track record while literally competing against other money managers in the PFG CTA Challenge,” said Herb Kral, PFG’s director of Managed Futures. “With a $250,000 account allocation each quarter, and a $1 million account allocation to the winner of the Championship Showdown, the CTA Challenge over the past several years has attracted a number of emerging, accessible, and risk-appropriate investment programs that PFG can help market to meet the demand from clients for diversification strategies.”

PFG Chairman and CEO Russell R. Wasendorf, Sr., added that “PFG can help a CTA that has demonstrated consistent, strong returns by marketing the strategy through its customers, brokers and affiliate offices in 80 countries.”

PFG is one of the largest non-clearing U.S. futures commission merchants, with brokerage and branch offices in more than 20 countries. PFG is an industry leader in trader education and online futures trading through its BEST Direct™ platform, the first to deliver customer orders to the CME’s Globex engine in 1998. It offers a diverse range of trading and investment products and services. The company is a leader in managed funds and other alternative investments, full-service futures brokerage, and forex products and services. Please visit

1Ratio is defined as the 6 month total return divided by the daily standard deviation.
2Certain conditions and trading parameters apply.