Peregrine Financial Group

Neil J. Aslin is president of Peregrine Financial Group, Inc. (PFG). Aslin also serves as president of PFG's Global Funds Division. He joined the firm 1998. A 30-year veteran of the investment and trading profession, Mr. Aslin is an expert speaker and source on derivatives, particularly as they pertain to managed funds. He also speaks regularly and has authored articles and presentations on emerging securities futures markets, alternative investments, various hedge fund strategies, and on the strengths and challenges of electronic and open outcry exchanges around the world. Prior to joining PFG, he was chairman and CEO of First Financial Government Securities from 1984 to 1996. First Financial is a broker dealer and introducing broker specializing in sophisticated credit risk management strategies for banks and other financial institutions. From 1971 to 1983, Mr. Aslin was executive vice president of ContiCommodity (Conti), a major international futures brokerage and clearing firm. While at Conti in Chicago, he successfully launched U.S.- and Bahamas-based investment limited partnerships and developed the company's 35-office international branch systems. Mr. Aslin is a past member of the Chicago Board of Trade and the Chicago Mercantile Exchange.

Mr. Bardos is a Director at Promontory Financial Group, and President and Chief Operating Officer of Promontory Asset Finance Company. He assists clients in treasury, liquidity and liability management matters. Before joining Promontory, he was the Principal at Bardos Consulting, providing consulting services to U.S. corporations and participating in the creation and expansion of a "born on the Web" company. From 1990 to 1999, Mr. Bardos worked at Bankers Trust Company, holding positions as Vice President in the Global Treasury Group, Managing Director, and Deputy to the Country Officer of Japan. He returned to the United States to help re-engineer Bankers Trust's Derivatives Group. He created and managed the Prime Brokerage Business for BT Alex Brown. Mr. Bardos started his career at the Federal Reserve Bank of New York, where he was Staff Director of the Bank Supervision Group. He helped negotiate the BIS Capital Adequacy guidelines and co-authored the Fed's original risk-based capital guidelines. He graduated with a M.B.A from Columbia University in and a B.A. from Bucknell University.

Mr. Caruana is the COO of PFG Advisors. His responsibilities include coordinating all aspects of the infrastructure such as the prime broker and administrator and implementing relevant processes to ensure the business operates in a well-controlled environment. Prior to joining PFGA, Mr. Caruana worked for ING/ABN Prime Brokerage as a Business Manager. As a Business Manager, Mr. Caruana had daily interaction with ABN and their hedge fund clients assisting them with operational, legal and technological issues. From May 1987 to June 1999, Mr. Caruana was employed by Bankers Trust holding a number of senior positions. The final years were spent with the middle office group of Latin America trading. Prior to that Mr. Caruana was part of the Foreign Exchange Forward Trading and Global Propriety group managing the daily funding requirements of proprietary positions. Mr. Caruana started his career at Bankers Trust in the product controllers group. While a product controller, Mr. Caruana covered many different businesses/products providing essential business support. Mr. Caruana received a Bachelor of Science from St. John's University in 1984. Upon graduation, Mr. Caruana worked with Prudential Bache Securities as a Product Line Accountant.

Mr. Kopp joined PFG in 2002 in Germany, as chief financial officer responsible for operations and financial reporting in PFG's European subsidiary.

Susan O'Meara is chief compliance officer for Peregrine Financial Group, Inc. A 20-year veteran of the investment and trading industry, she joined PFG in 1997. From the time Susan joined the company, PFG's network of offices and affiliates has grown to include more than 80 global locations. Heading up the compliance team, she is responsible for the overall compliance of PFG, its branches and introducing brokers. Susan was also instrumental in the development of PFG online account documents, which streamlined the account opening process by reducing the time it takes to complete and submit the account documents to less than five minutes. With her extensive regulatory knowledge, she continues to lead PFG to impeccable annual reviews from the self regulatory body of the futures industry, the National Futures Association (NFA). Prior to joining PFG, Susan worked at the NFA in Chicago as senior compliance auditor. During her tenure at the NFA, Susan was pivotal in developing computerized audits. She began her career in the futures industry as a staff auditor with the NFA. In this early role, Susan audited member firms, reviewed financial statements and investigated compliance issues. Susan received her Bachelor of Arts from St. Xavier University in Chicago and remains an active member of the Futures Industry Association. She spends her off time traveling the globe with her three young daughters and devoted husband.

Jim Kelly joined PFG in 1993 as the company's Chicago branch manager, and directed the activities and results of other branch managers. He became senior vice president of PFG's Introducing Broker Division in 2003, and in 2005, he was promoted to the post of Director of Business Development. He is the executive responsible for new business development and ongoing management of numerous PFG profit centers. Mr. Kelly is a twenty-eight year veteran of the industry with deep experience in trading, sales and operations, and he serves on PFG's senior management team. For nearly 10 years he has been one of PFG's most successful individual brokers. Part of that accomplishment is due to his unique fit with the company Kelly is highly respected as a sales director because he emphasizes education and teaching. This background fits with the corporate philosophy that an educated investor is the client most likely to enjoy the benefits of the futures markets.

Krystian Kling is Chief Forex Dealer at Peregrine Financial Group, Inc. (PFG), where he heads up the Forex Division. In this role, he serves as the strategic project manager for the electronic trading system, BEST Direct Forex, as well as back office web applications. On top of managing the 24 hour, foreign exchange trading desk comprised of 6 traders, Krystian sets up risk parameters and desk procedures for U.S., Asia and Europe shifts. He is also accountable and for the performance and profitability of the foreign exchange division. Krystian works closely with major banks, opening and managing lines of credit and margined trading accounts. Additionally he collaborates with company leaders to improve service, facilitates team meetings and keeps risk management procedures and guidelines in sync with industry regulatory bodies. Krystian began working at PFG in 1998 as a Forex Dealer. Here he was a Forex market maker and trader and saw his daily trading volume exceed $30 million in USD equivalent transactions. His other responsibilities included actively trading and leveraging positions against customer order flow; ensuring proper clearing of all cash transactions and utilizing several media outlets for price discovery. Prior to his career at PFG, Krystian was a margin and IB manager at Professional Market Brokerage. Here he managed risk for both institutional and retail accounts while managing two large foreign IBs. Krystian began working in the futures industry in 1997 as a phone clerk and runner for Rosenthal Collins Group. Krystian received his Bachelor of Business Administration in Finance from the University of Houston in 1997. He currently resides in Riverside, IL with his wife and 2 sons.

Herbert (Herb) R. Kral is Director of Managed Futures at Peregrine Financial Group, Inc. (PFG). Herb has honed his skill for accommodating high net worth clients by matching these clients to appropriate Commodity Trading Advisors, trading systems and managed futures products. Beginning his career in the futures industry in 1995 at Linnco Futures in Chicago, Herb was responsible for broker client service and worked with compliance. In 1998 he moved to Refco and served as a senior account representative. Generating 10% of total division revenues through sales of $8.2 million earned Herb the distinction of top sales representative in 1999. By doubling total division revenues and sales from 1999 to 2000, he remained the top sales representative again for the second year in a row. Furthermore, Herb developed, grew and maintained a new client base by adding over one thousand new accounts, thus generating $32 million worth of business in just two and a half years. In light of Herb's success cultivating such valuable new business, he was promoted to the role of director with Refco Private Client Group. As director of the systems division with Refco beginning in 2001, Herb produced new divisional business by satisfying high net worth customers and identifying new growth opportunities. Leading a team of three, he coordinated and implemented various programs to increase sales while providing consultation and education to new and existing clients. On top of maintaining $11 million worth of equity, Herb generated $6 million in new customer business via a 30 product line offering during a dismal market period. Along with his wife and two children, Herb resides Glen Ellyn, IL. When not working Herb likes to travel with his family and work on his golf swing.

Nolan J. Schiff is Director of Managed Foreign Exchange at Peregrine Financial Group, Inc. (PFG), a futures commission merchant with brokerage and branch offices around the world. Nolan brought his extensive knowledge of the foreign exchange markets to PFG to hasten the company's growth in managed foreign exchange. As director, Nolan brings large, successful foreign exchange investment managers to retail customers by delegating the transactions to PFG's large network of brokers, branches, and Commodity Trading Advisors (CTAs.) Foreign exchange markets are among the largest in the world. After studying at Ohio University and working as an entrepreneur in 2000, Schiff began to work the night desk at R.J. O'Brien in Chicago as a foreign exchange dealer. In 2002, deciding that his real professional zeal was in currency trading, he divested from his entrepreneurial endeavor and joined Refco F/X Associates, LLC as the vice president of foreign exchange, responsible for customer service. While advancing Refco's client equity in these markets, he developed dozens of new introducing brokers (IBs) and CTAs focused on foreign exchange. Next, he returned to R.J. O'Brien in 2003 as vice president of foreign exchange and business development. There, for two years, Schiff was instrumental in the design and launch of multiple managed account programs, consisting of varying assets and ranging in value from $1 million to $10 million. He also assisted in the design and creation of a foreign-exchange-only private placement fund and a managed account program which grew to $16 million in AUM in just six months. He was key in starting the IB program, attracting over 40 IB's in the first year. His other accomplishments at R.J. O'Brien include setting up a scalable trade entry system, establishing the internal processes to handle rapid client growth and forming a new retail forex entity. Nolan resides in Glen Ellyn with his wife and two children. In his spare time he likes to golf and spend time with his family.

Richard F. (Ric) Chappetto is Director of Business Development at Peregrine Financial Group, Inc. (PFG) and works cultivating new business in the Forex Division as well.

Erik Long has been active in the study of evolutionary feedback systems since his university days at UCLA and CSU from 1987-1992. After obtaining a Bachelors in Bio-Anthropology and Economics, Mr. Long went on to study evolution of markets with the accomplished academic and entrepreneur Dr. Gerald Fecht and notable mathematician Dr. Viktor Fontaine. Mr. Long founded Tetrahex in 1996 as a forum to discuss evolution, entropy, and later fractals in financial markets. In the process Tetrahex later formed into a corporation, offering it's services to private industry. In 1998, he studied for his Post Graduate Diploma in Economics at the University of London. Since that time Mr. Long has developed proprietary trading systems for Altea Trading from 2000-2002. He has also consulted in non-linear methodologies for Nexbridge Inc., 2000-2002. Mr. Long is one of the founding members of the System Select Group at Peregrine Financial Group, 2002-2004. Mr. Long became a founding principal of Ceres Capital, LLC in 2004. Erik Long has been published in Futures magazine and Stocks & Commodities magazine. He has been a sponsored member of the New York Academy of Sciences since 1997 and listed in Who's Who in America since 2003.