Hollywood Police Officers' Pension Fund
Compliance Report
September 30, 2008
YES NO
TOTAL FUND RETURNS
           
1. Did the total 3-year return exceed the policy, which is comprised of 33% S&P500, 10% R1000G, 7% R1000V, 4% R2000, 23% LBIGC and 23% LBGC? [3.29 vs. 2.10]
2. Did the total 5-year return exceed the policy, which is comprised of 33% S&P500, 10% R1000G, 7% R1000V, 4% R2000, 23% LBIGC and 23% LBGC? [5.31 vs. 4.57]
COMBINED EQUITY
1. Is the amount invested in all issuing companies less than 5% of the Fund's total market value?
2. Is the aggregate investment in all companies less than 5% of the outstanding stock of the company? 
3. Is the amount invested in foreign securities less than or equal to 10% of the Fund's total assets?
INDIVIDUAL  EQUITY
Inverness
1. Did the equity return equal or exceed the S&P500 over the trailing 3-year period?                                                                  [4.76 vs. 0.22]
2. Did the equity return equal or exceed the S&P500 over the trailing 5-year period?                    [8.30 vs. 5.17]
3. Is Inverness' trailing 5-year standard deviation below the standard deviation of the S&P500?                                      [10.60 vs. 10.26]
4. Did the 3-year equity return rank in the top 50% of the Mobius Broad Large Cap Core Universe? [1st]
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INDIVIDUAL EQUITY (continued)
5. Did the 5-year equity return rank in the top 50% of the Mobius Broad Large Cap Core Universe? [1st]
6. Did the equity return rank in the top 75% of the Mobius Broad Large Cap Core Universe for one of the last 2 quarters or for the last year? [1yr: 15th]
7. Did Inverness' equity performance fall outside the southeast quadrant of the risk/return scattergram over the 3-year period? 
8. Did Inverness' equity performance fall outside the southeast quadrant of the risk/return scattergram over the 5-year period? 
9. Has Inverness' trailing 3-year equity return outperformed its index for at least 1 of the last 4 quarters? [4.76 vs. 0.22, 10.30 vs. 4.41, 10.57 vs. 5.85, 13.80 vs. 8.62]
10. Has Inverness' trailing 5-year equity return outperformed its index for at least 1 of the last 4 quarters?  [8.30 vs. 5.17, 10.98 vs. 7.58, 13.90 vs. 11.32, 15.75 vs. 12.83]
11. Has Inverness' equity annualized alpha been positive for the last 3 years? [4.60]
Davis Hamilton Jackson
1. Did the equity return equal or exceed its R1000G index during the trailing 3-year period?                           [0.64 vs. 0.04]
2. Did the equity return equal or exceed its R1000G index during the trailing 5-year period?                                 [3.61 vs. 3.74]
3. Is DHJ trailing 5-year standard deviation below the standard deviation of its R1000G index?                                                                                               [10.53 vs. 11.39]
4. Does the 3-year equity return rank in the top 50% of the Mobius Broad Large Cap Growth Conservative Universe? [30th]
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INDIVIDUAL EQUITY (continued)
5. Did the equity return rank in the top 75% of the Mobius Broad Large Cap Growth Conservative Universe for one of the last 2 quarters or for the last year? [1-Year: 10th]
6. Has DHJ equity performance fallen outside the southeast quadrant of the risk/return scattergram over the 3-year period?
7. Has DHJ quarterly equity return outperformed its index for at least 1 of the last 4 quarters?                                          [-10.13 vs. -12.33, 0.53 vs. 1.25, -8.23 vs. -10.18, 0.04 vs. -0.77]
8. Has DHJ equity annualized alpha been positive for the last 3 years? [0.53]
Eagle Asset Management
1. Did the equity return equal or exceed its R2000 index during the trailing 3-year period?                           [4.98 vs. 1.83]
 
2. Did the equity return equal or exceed its R2000 index during the trailing  5-year period?                           [11.20 vs. 8.15]
3. Is Eagle's trailing 3-year standard deviation below the standard deviation of its R2000 index?                                                                                               [13.51 vs. 14.35]
4. Does the 5-year equity return rank in the top 50% of the Mobius Broad Small Cap Universe?                       [8th]
5. Did the equity return rank in the top 75% of the Mobius Broad Small Cap Universe for one of the last 2 quarters or for the last year? [1yr: 23rd]
 
6. Has Eagle's equity performance fallen outside the southeast quadrant of the risk/return scattergram over the 3-year period? 
7. Has Eagle's quarterly equity return outperformed its index for at least 1 of the last 4 quarters?                    [-3.21 vs. -1.11, -0.68 vs. 0.58, -9.00 vs. -9.90, -1.44 vs. -4.58]
8. Has Eagle's equity annualized alpha been positive for the last 3 years? [3.27]