Hollywood Police Officers' Pension Fund
Compliance Report
December 31, 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% BCIGC and 23% BCGC? [-1.05 vs. -1.91]
2. Did the total 5-year return exceed the policy, which is comprised of 33% S&P500, 10% R1000G, 7% R1000V, 4% R2000, 23% BCIGC and 23% BCGC? [1.61 vs. 1.10]
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?                                                                  [-4.70 vs. -8.36]
2. Did the equity return equal or exceed the S&P500 over the trailing 5-year period?                    [0.40 vs. -2.19]
3. Is Inverness' trailing 5-year standard deviation below the standard deviation of the S&P500?                                      [13.43 vs. 12.75]
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? [2nd]
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: 18th]
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? [-4.70 vs. -8.36, 4.76 vs. 0.22, 10.30 vs. 4.41, 10.57 vs. 5.85]
10. Has Inverness' trailing 5-year equity return outperformed its index for at least 1 of the last 4 quarters?  [0.40 vs. -2.19, 8.30 vs. 5.17, 10.98 vs. 7.58, 13.90 vs. 11.32]
11. Has Inverness' equity annualized alpha been positive for the last 3 years? [4.39]
Davis Hamilton Jackson
1. Did the equity return equal or exceed its R1000G index during the trailing 3-year period?                           [-8.87 vs. -9.11]
2. Did the equity return equal or exceed its R1000G index during the trailing 5-year period?                                 [-3.43 vs. -3.43]
3. Is DHJ trailing 5-year standard deviation below the standard deviation of its R1000G index?                                                                                               [13.35 vs. 14.04]
4. Does the 3-year equity return rank in the top 50% of the Mobius Broad Large Cap Growth Conservative Universe? [32nd]
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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: 13th]
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?                                          [-23.43 vs. -22.79, -31.19 vs. -32.31, -30.83 vs. -31.46, -36.52 vs. -38.44]
8. Has DHJ equity annualized alpha been positive for the last 3 years? [-0.54]
Eagle Asset Management
1. Did the equity return equal or exceed its R2000 index during the trailing 3-year period?                           [-4.11 vs. -8.29]
 
2. Did the equity return equal or exceed its R2000 index during the trailing  5-year period?                           [2.80 vs. -0.93]
3. Is Eagle's trailing 3-year standard deviation below the standard deviation of its R2000 index?                                                                                               [18.31 vs. 19.85]
4. Does the 5-year equity return rank in the top 50% of the Mobius Broad Small Cap Universe?                       [9th]
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: 36th]
 
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?                    [-22.88 vs. -26.12, -25.36 vs. -26.94, -25.87 vs. -26.51, -32.54 vs. -33.79]
8. Has Eagle's equity annualized alpha been positive for the last 3 years? [3.54]