Winner named in PFG's quarterly CTA Challenge.

CHICAGO -- Peregrine Financial Group, Inc. (PFG) announced the winner of its most recent quarterly CTA Challenge which concluded on November 30, 2006. The winner is Ken Kinkopf, principal of Kinkopf Capital Management, LLC, who receives the $250,000 managed account allocation from PFG and becomes eligible to participate in the first-ever CTA Championship Showdown from March 1, 2007 to August 31, 2007. Winners are based on the best risk-adjusted return.

Mr. Kinkopf is a member of the National Futures Association (NFA) and is registered with the Commodity Futures Trading Commission (CFTC) as an associated person (AP) and principal in Kinkopf Capital Management, LLC. He has been involved with market forecasting for more than 20 years and has published several articles about statistical tools and techniques used in his forecasting models. At the conclusion of the quarterly competition, on November 30, Ken had an 11.90 percent rate of return, with a risk-adjusted ratio of 5.53.1

PFG created the CTA Challenge in 2003 and sponsors the competitions in order to showcase new and emerging Commodity Trading Advisor (CTA) talent. "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. The $2 million in account allocations for the four quarterly live trading events and the Championship Showdown has proved to be a great incentive for the managers to participate and thereby to expand their track record, and sponsoring the Challenge helps PFG build relationships with these managers in order to create new products," said PFG Chairman and CEO Russ Wasendorf, Sr.

Benefits to competitors, in addition to potentially winning the allocations from PFG, include the visibility and exposure they receive for their trading skill, as the CTA Challenge is a live trading event shown on www.pfgbest.com/cta. And, winners have the opportunity of working closely with PFG to pursue marketing, investor introductions and distribution assistance.

"We are really pleased with the participants that are registering for and participating in the CTA Challenge," said Herb Kral, director of PFG Managed Futures. "They are so diversified that the final showdown taking place early next year is going to really heat up with the type of talent we had hoped to highlight."

PFG is one of the largest non-clearing U.S. futures commission merchants (FCMs) with customers, affiliates and brokerage offices in more than 80 countries. It offers a diverse range of trading and investor products and services. The company is a leader in managed funds and forex, full-service brokerage, trader education, research, and direct, online futures trading through BEST Direct, the first platform to deliver retail orders to the CME's Globex engine. Please visit www.pfgBEST.com.

1 Ratio is defined as the 6 month total return divided by the daily standard deviation.