Hollywood Police Officers' Pension Fund
Alpha & Beta: 5-Years Trailing (or Inception if Less)
September 30, 2002
BETA
Current
Policy Sep-02 Jun-02 Mar-02 Dec-01 Sep-01 Jun-01 Mar-01 Dec-00    
Total Fund * 0.99 1.03 1.05 1.05 1.05 1.07 1.07 1.07
 Managers, Total Fund
Inverness 50/45/5 0.99 1.03 1.05 1.06 1.06 1.08 1.08 1.07
Managers, Equities
Davis, Hamilton, Jackson S&P500 0.88 0.91 0.79 0.79 0.82 0.81 0.80 0.81
Inverness S&P500 0.97 0.98 1.00 1.00 0.99 1.00 0.99 0.97
   
ALPHA
Total Fund * 1.45% 0.68% 0.40% 0.19% -0.10% -0.42% -0.28% -0.17%
 Managers, Total Fund
Inverness 50/45/5 1.62% 0.79% 0.33% 0.10% -0.26% -0.66% -0.58% -0.49%
Managers, Equities
Davis, Hamilton, Jackson S&P500 -0.27% -0.34% -0.57% -1.42% 0.46% 1.79% 2.92% 5.39%
Inverness S&P500 2.21% 1.15% 0.29% -0.12% -1.40% -1.29% -1.27% -0.80%
* 54% S&P500, 20.5% LBIGC, 20.5% LBGC, 5% Cash
ASSET CONSULTING GROUP
a division of Gabriel, Roeder, Smith, & Co. Page 20