Robert B. Mersky, CFA
President
Portfolio Manager

Bob is a portfolio manager responsible for stock selection, portfolio construction, and client service for the Small Cap Growth Equity style. As president of Peregrine, Bob heads the firm’s Management Policy Group and is a liaison between Peregrine and its parent, Wells Fargo & Company. Also a founding member of Peregrine, he has been with the firm since its inception in 1984.

Prior to Peregrine, Bob was Head of Investments for the Trust Department of Norwest Bank Minnesota, N.A. (now Wells Fargo Bank Minnesota, N.A.). He started with Norwest Bank Minnesota, N.A. after graduating from the University of Minnesota in 1968. He began his career as an analyst and soon added portfolio management responsibilities for personal trust accounts. Bob became Director of Research, and was a founder of the Small Cap Growth Equity style in 1974.

Bob is a member of the CFA Institute.

Paul E. von Kuster, CFA
Senior Vice President
Portfolio Manager

Paul is a portfolio manager responsible for stock selection, portfolio construction, and client service for the Small Cap Growth Equity style. In addition, he is an officer of the firm and a member of Peregrine’s Management Policy Group. Also a founding member of Peregrine, he has been with the firm since its inception in 1984.

Prior to Peregrine, Paul managed small cap funds for the Trust Department at Norwest Bank Minnesota, N.A. (now Wells Fargo Bank Minnesota, N.A.). He started with Norwest Bank Minnesota, N.A. in 1972 after graduating from Princeton the year before. He began his investment career as an analyst in 1974, soon becoming involved in Small Cap Growth Equity portfolio management.

Paul is a member of the CFA Institute.

Daniel J. Hagen, CFA
Senior Vice President
Portfolio Manager

Dan joined Peregrine’s Small Cap Growth Equity team in 1996 and is one of three portfolio managers responsible for stock selection, portfolio construction, and client service.

Prior to Peregrine, Dan was a Managing Director and Assistant Manager for the Equity Strategy Group at Piper Jaffray. He joined Piper Jaffray as a Statistical Analyst in 1983, upon graduating from the University of Minnesota.

Dan is a member of the CFA Institute and a past board member of the Piper Jaffray Foundation. He regularly shares his financial expertise with a number of nonprofit organizations.

William A. Grierson, CFA
Senior Vice President
Portfolio Manager

Bill is a Portfolio Manager for the Small Cap Growth Equity style and shares the responsibility of stock research and selection with his team. Bill joined Peregrine’s Small Cap Growth Equity team in 2000 as a securities analyst.

Prior to Peregrine, he was a Senior Research Analyst and Portfolio Manager with Kopp Investment Advisors for more than six years. He joined Northern Trust as a Reporting Analyst in 1992, upon graduation from Lawrence University.

Bill is a member of the CFA Institute.

James P. Ross, CFA
Senior Vice President
Portfolio Manager

Jim is a Portfolio Manager for the Small Cap Growth Equity style and shares the responsibility of stock research and selection with his team. Jim joined Peregrine’s Small Cap Growth Equity team in 1996 as a Senior Portfolio Advisor. He is also responsible for portfolio performance attribution and special projects, and shares responsibility for client service and communication.

Before coming to Peregrine, Jim spent six years at Norwest Investment Management (now Wells Capital Management), where he held various positions. His most recent responsibilities included Chief Investment Officer and Product Manager for the Norwest Advantage Funds, and investment analysis and oversight for the corporation’s benefit plans. Prior to that, he worked as a Treasury Analyst at Ecolab, Inc.

Jim holds a BBA and an MBA from the University of Iowa, and he is a member of the Twin Cities Society of Security Analysts and the CFA Institute.

Tasso H. Coin, Jr., CFA
Senior Vice President
Portfolio Manager

Tasso joined Peregrine Capital Management in 1995 as a Senior Vice President and founding member of the Small Cap Value style. He shares the responsibility of stock research and selection, portfolio management, and client communication with his team. He is an officer of the company and a member of Peregrine’s Management Policy Group.

Before coming to Peregrine, Tasso was a Research Officer with Thomas White Asset Management, where he was responsible for investment research and management of the Small Cap Value portfolio. Prior to that, he worked at Morgan Stanley as a Research Assistant.

Tasso holds a BBA from Loyola University and is a member of the CFA Institute.

Douglas G. Pugh, CFA
Senior Vice President
Portfolio Manager

Doug joined Peregrine in 1997 as Senior Vice President and Portfolio Manager of the Small Cap Value style. He shares the responsibility of stock research and selection, portfolio management, and client communication with his team. He is an officer of the company and a member of Peregrine’s Management Policy Group.

Doug was previously Portfolio Manager and Investment Officer at Advantus Capital Management, where he was responsible for the Small Cap Value style. His previous experience also includes employment with Kemper Corporation as a Financial Analyst.

Doug received an MBA from the Carlson School of Management at the University of Minnesota and a BSBA from Drake University. He is a member of the Twin Cities Society of Security Analysts and the CFA Institute.

Jason R. Ballsrud, CFA
Senior Vice President
Portfolio Manager

Jason is a Senior Vice President and Portfolio Manager for the Small Cap Value style and shares responsibility for industry research, stock selection and client communications with his team.

Jason joined Peregrine in 1997 after graduating from the Carlson School of Management at the University of Minnesota, where he earned his BS and MBA in finance. While attending school, he worked for American Express Asset Management's Equity Group.

Jason is a member of the CFA Institute and a past board member of the Twin Cities Society of Security Analysts.

John S. Dale, CFA
Senior Vice President
Portfolio Manager

John founded the Growth Equity style in 1983. Along with his partner, Gary Nussbaum, he is responsible for stock research and selection, portfolio management, and client service and communications. He is an officer of the company and a member of the firm’s Management Policy Group.

John brought the Growth Equity style to Peregrine in 1987 from Norwest Bank Minnesota, N.A., (now Wells Fargo Bank Minnesota, N.A.) where he managed the style as well as the Equity Advisors Group and was also Chief Investment Strategist. He joined Norwest Bank Minnesota, N.A. as an analyst in 1968, upon graduation from the University of Minnesota.

John is a member of the CFA Institute.

Gary E. Nussbaum, CFA
Senior Vice President
Portfolio Manager

Gary shares the responsibility of stock research and selection, portfolio management, and client service and communication with John Dale. He is an officer of the company and a member of the firm's Management Policy Group. Gary joined Peregrine's Growth Equity style in 1990.

Prior to Peregrine, Gary was an Investment Research Officer with Shawmut National Corporation. In 1987, while participating in the Applied Securities Analysis Program at the University of Wisconsin Graduate School of Business, Gary was employed as a Credit Analyst for Wisconsin Business Development.

Gary earned his BBA and MS in Finance at the University of Wisconsin - Madison. He is a member of the CFA Institute, and the Twin Cities Society of Security Analysts. He has served as an Adjunct Professor of Finance at the University of St. Thomas, and is currently a board member of the Aristotle Fund, the University of St. Thomas student-managed investment program.

Stefanie M. Adams
Senior Vice President
Client Service & Marketing
612-343-7660
stefanie.adams@peregrinecapital.com

Stefanie joined Peregrine in 2003 and is responsible for client service and marketing of Peregrine’s specialty equity strategies, with a primary focus on clients, consultants, and institutional investors in the Midwest and New England states.

Prior to joining Peregrine, Stefanie served as Director of Marketing for NorthShore Advisors. Previously she was a Principal of RBC Dain Rauscher Wessels responsible for advising management teams as to appropriate trading, asset management and hedging strategies.

Before joining RBC Dain Rauscher Wessels, Stefanie served as Vice President for Insight Investment Management (now Voyager Asset Management), Dain Rauscher’s asset management arm. While at Insight, she was responsible for developing and managing several of the firm’s institutional client relationships in the Midwest and Pacific Northwest regions. Stefanie began her career in the investment industry at Piper Capital Management, where she served as Manager of consultant relations.

Stefanie holds a BS degree from Georgetown University.

RuthAnn DeFrang
Senior Vice President
Client Service & Marketing
612-343-7639
ruthann.defrang@peregrinecapital.com

RuthAnn joined Peregrine in 2007 and is responsible for client service and marketing of Peregrine’s specialty equity strategies, with a primary focus on clients, consultants and institutional investors in the Western United States.

Prior to joining Peregrine, RuthAnn spent ten years at Piper Jaffray in an institutional sales role. Previously, she was a Regional and International Sales Manager for Varitronic Systems, a division of W.H. Brady where she was responsible for developing distribution networks both domestically and throughout Eastern Europe, Latin America and South Africa. RuthAnn has also been in a sales/client service role at GE Capital, W.W. Grainger and began her career with the ARA Refreshment Services, a division of ARAMARK.

RuthAnn holds a BBA from the University of Minnesota, Duluth and an MBA from the University of Minnesota – Carlson School of Management.

Ann S. Pepper
Assistant Vice President
Coordinator of Client Service & Marketing
612-343-7644
ann.pepper@peregrinecapital.com

Ann joined Peregrine in 2000 and is responsible for coordinating activities, materials and resources in support of the sales and marketing of all firm investment products. In addition, she is involved within the compliance department in the development and audit of presentation materials to meet regulatory requirements.

Before joining Peregrine, Ann was a Compliance Officer and Human Resources Manager at Wilke/Thompson Capital Management. She was also an Investment Assistant for Fortis Advisers, Inc. in Minneapolis.

Ann graduated with a BS degree from the University of Minnesota.

Barbara K. McFadden
Senior Vice President
Co-Manager, Equity Trading
612-343-7640

Barbara joined Peregrine’s Equity Trading team in 1988. She is responsible for trade execution in all three of Peregrine’s Equity styles.

Prior to Peregrine, Barbara was an Equity Trader and an assistant in the fixed income department at Norwest Corporation. Barbara graduated with a BA degree from Bucknell University.

She is a member of the National Organization of Investment Professionals and the Security Traders Association. She is also a current member and past president of the Minnesota Security Dealers Association.

Paul R. Wurm
Senior Vice President
Co-Manager, Equity Trading
612-343-7640

Paul has been an Equity Trader at Peregrine since 1988 and is responsible for the execution of trades in each of Peregrine’s equity styles. He initially joined Peregrine in 1985 as a member of our accounting and operations team.

Before joining Peregrine, Paul was a Sales Representative for First Investors Corporation.

Paul holds a BA in Economics from the University of Minnesota. He is a member of the Security Traders Association, a board member of the Minnesota Security Dealers Association and is a past member of STA Trading Issues Committee.

Jeffrey D. Nordstrom
Vice President
Equity Trading
612-343-7640

Jeff joined Peregrine in 1998 and is one of three Equity Traders responsible for trade execution in Peregrine’s three equity investment styles.

Prior to joining Peregrine, Jeff was both an Equity Trader and an Equity Administrator for three years at Investment Advisers, Inc. in Minneapolis. Jeff graduated with a BA degree in financial management from the University of St. Thomas.

He is a member of the Security Traders Association and a current Officer of the Minnesota Security Dealers Association.

David S. Lunt, CFA
Senior Vice President
Chief Financial Officer & Chief Compliance Officer
612-343-7632
dave.lunt@peregrinecapital.com

Dave joined Peregrine in 2003 and is primarily responsible for compliance and business administration functions.

Before joining Peregrine, Dave was Managing Director, Quantitative Analysis for Wells Capital Management, where he was responsible for development of quantitative strategies and management of $7.5 billion in four products. In addition, he oversaw nearly $10 billion invested in Wells Fargo & Co. employee benefit portfolios. Prior to the merger of Wells Fargo and Norwest, Dave served in various capacities including Head of Equity Investments and managed a growth equity mutual fund for Norwest. In addition, he managed portfolios for high-net worth individuals and institutions. Before joining Norwest in 1992, Dave worked as an analyst/portfolio manager for FirsTier Investments and Trust (now a division of US Bank) and as an analyst for Woodmen Accident & Life Co.

Dave earned BSBA and MBA degrees from the University of Nebraska, Omaha. He is a member of the Twin Cities Society of Security Analysts and the CFA Institute.

Christine M. Mullady
Vice President
Compliance Officer
612-343-7613
christine.mullady@peregrinecapital.com

Christine joined Peregrine in 2005 as a Compliance Officer and is primarily responsible for day to day management of Peregrine’s Compliance Program.

Before joining Peregrine, Christine worked as a Natural Gas Scheduler for Cargill Power and Gas Markets. She joined Cargill as a Credit Manager in 2001. Christine began her career at TCF Bank in the Controllers Department in 1993 and moved to Wells Fargo Audit Services in 1996, working in various capacities including Audit Specialist of Corporate Capital Markets and Trust.

Christine holds a Bachelor of Accountancy degree from the University of North Dakota.

Colin M. Sharp
Senior Vice President
Director of Technology and Operations
612-343-7609
colin.sharp@peregrinecapital.com

Colin joined Peregrine in 1999 as Director of Technology and Operations. He leads a team of people responsible for the technology systems and investment operations.

Prior to joining Peregrine, Colin was the Manager of Technology at Advantus Capital Management.

Colin earned his BBA from the University of Wisconsin-Eau Claire and an MBA from the University of St. Thomas.