Subject: Re: OT W R Berkley great earnings
From 1993-02-01


                                  AJG         BRO
Annualized Return                0.158        0.186
Annualized Std Dev               0.250        0.275
Annualized Sharpe (Rf=0%)        0.633        0.675
maxDrawdown                      0.491        0.541

                                  SPY
Annualized Return                0.105
Annualized Std Dev               0.186
Annualized Sharpe (Rf=0%)        0.566
maxDrawdown                      0.552