The company chose 'Peregrine' for its name because of the energy, swiftness and grace of the peregrine falcon. Peregrine Capital Management is a national institutional asset management firm that manages more than $12.2 billion in assets. Its investments style includes positive return fixed income, growth equity, small cap value and small cap equity. Its clients include Bemis Company, Burlington Northern Santa Fe, CINERGY Corporation, First Data Corporation, Hasbro, Idaho Power Company, Xcel Energy and Federated Mutual Insurance Company. Peregrine was founded in 1984 and is headquartered in Minneapolis. It is a subsidiary of Wells Fargo, a diversified financial services company headquartered in San Francisco.