Peregrine Financial Group's bankruptcy trustee plans to return $123 million to former customers of the futures brokerage, the first they would see of their funds since Peregrine's mid-July collapse but far short of a figure that would make them whole, Reuters reported yesterday. About 17,000 futures customers are eligible for the distribution, with customers of U.S. exchanges getting 30 percent of their funds, and traders on non-U.S. exchanges getting 40 percent, according to a court filing on Wednesday. The claims of the broker's other 7,000 customers, who traded currency and metals, "will be addressed separately," the filing said.
