Hollywood Police Officers' Pension Fund
Compliance Report
December 31, 2007
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? [8.20 vs. 6.76]
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? [9.60 vs. 9.13]
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?                                                                  [13.80 vs. 8.62]
2. Did the equity return equal or exceed the S&P500 over the trailing 5-year period?                    [15.75 vs. 12.83]
3. Is Inverness' trailing 5-year standard deviation below the standard deviation of the S&P500?                                      [8.48 vs. 8.54]
4. Did the 3-year equity return rank in the top 50% of the Mobius Broad Large Cap Core Universe? [2nd]
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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? [8th]
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: 1st]
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? [13.80 vs. 8.62, 17.80 vs. 13.14, 9.72 vs. 6.28, 3.10 vs. 0.64]
10. Has Inverness' trailing 5-year equity return outperformed its index for at least 1 of the last 4 quarters?  [15.75 vs. 12.83, 17.49 vs. 15.45, 8.20 vs. 6.27, 8.26 vs. 6.19]
11. Has Inverness' equity annualized alpha been positive for the last 3 years? [5.32]
Davis Hamilton Jackson
1. Did the equity return equal or exceed its R1000G index during the trailing 3-year period?                           [7.62 vs. 8.68]
2. Did the equity return equal or exceed its R1000G index during the trailing 5-year period?                                 [10.04 vs. 12.10]
3. Is DHJ trailing 5-year standard deviation below the standard deviation of its R1000G index?                                                                                               [8.56 vs. 9.01]
4. Does the 3-year equity return rank in the top 50% of the Mobius Broad Large Cap Growth Conservative Universe? [100th]
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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? [Quarter: 59th]
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?                                          [0.04 vs. -0.77, 5.81 vs. 4.20, 5.84 vs. 6.86, 2.59 vs. 1.19]
8. Has DHJ equity annualized alpha been positive for the last 3 years? [-0.28]
Eagle Asset Management
1. Did the equity return equal or exceed its R2000 index during the trailing 3-year period?                           [11.91 vs. 6.80]
 
2. Did the equity return equal or exceed its R2000 index during the trailing  4-year period?                           [14.21 vs. 9.57]
3. Is Eagle's trailing 3-year standard deviation below the standard deviation of its R2000 index?                                                                                               [10.95 vs. 13.16]
4. Does the 3-year equity return rank in the top 50% of the Mobius Broad Small Cap Universe?                       [18th.]
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: 26th]
 
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?                    [-1.44 vs. -4.58, -1.57 vs. -3.09, 6.88 vs. 4.42, 5.79 vs. 1.95]
8. Has Eagle's equity annualized alpha been positive for the last 3 years? [6.06]