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


PFG’s Fourth CTA Challenge Begins March 1, 2006

Competition identifies emerging CTA talent; PFG Commits $2 million in managed accounts to be traded by the winners

CHICAGO, January 30, 2006: Peregrine Financial Group, Inc. (PFG) begins its fourth CTA Challenge on March 1, 2006. This is a competition to identify and showcase emerging Commodity Trading Advisor (CTA) talent, strategies and techniques.

Each CTA Challenge 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 will help further establish the track record for the 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 of $1 million for PFG.1

Entrants trade their own strategies. This is a live trading event, created to further PFG’s strategic movement into the managed futures arena.

“The purpose of the CTA Challenge is to find and develop talented futures and foreign exchange fund managers in response to our clients’ interests in alternative investments. PFG provides a rousing incentive to participate with a total of $2 million in account allocations within the first year and a half,” said Herb Kral, director of PFG Managed Futures. The benefit to PFG is the opportunity to build relationships with emerging CTAs that can help us extend our offering of managed futures products,” he said.

PFG Chairman and CEO Russell R. Wasendorf, Sr., added that “PFG continues to seek out accessible and risk-appropriate venues for our global base of retail investors and traders. Many of the competitors’ CTAs require minimum investment amounts that put managed futures out of reach for an important group of clients. We focus on CTAs who can provide consistent, strong returns and diversification from traditional stock and bond investments – appealing alternative investment capabilities for our client base.”

The winner of PFG’s most recent CTA Challenge, which began May 1, 2005 and ended October 31, was Sam Butler, president and CIO of Steadfast Resource Associates, LLC. In that six-month competition, Butler had a 10.40 percent rate of return, with a risk-adjusted ratio2 of 26.00. For more information on Mr. Butler and other contestants and contest results, please visit

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

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