36 ~ Sunday, September 30, 1990 ~ North Shore News

i.

NEWS photo Stuart Davis
SHEILA BENTLEY, wife of Canfor Corp. chief executive officer
Peter Bentley, christened the barge Seaspan 506 recently at
Seaspan's North Vancouver facility. Designed and constructed
at the North Vanicouver yard, the barge is 200 feet long, 50 feet
wide with a carrying capacity of 2,500 short tons or 1,200
volumetric units. Seaspsan 506, built at a cost of more than $1
million, is the sixth barge to be built over a 12-month period,
all of the same design. It is one of the many chip barges that
will be used in service to Howe Sound Pulp and Paper’s ex-
panded Port Mellon mill. Seaspan has a 30-year affiliation with
Canfor Corp.

—neemaencuaaetean a

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BUSINESS

Global One top performer
in Canadian mutual funds

WHEN IT was faunched in
September 1988, the Global One
Futures Fund broke new ground
in Canada. Until then, mutual
funds had invested in equities,
bonds and real estate.

A mutual fund which invested
in commodity futures was almost
unheard of.

The Global One Futures Fund
invests in some 25 commodities,
ranging from precious metals to
agriculture products to currencies.
Wheat, crude oil, gold, cattle,
copper and the German mark are
some examples.

Over the last few months, Van-
couver-based Global Onc has con-
sistently been among the top per-
formers in Canadian mutual
funds, with a 36.4 per cent return
for the six months ending August
31, 1990 and a 445.4 per cent
return since January. Twelve
month returns are 30.4 per cent.

*“*We had a rocky start,”” said
Global Futures Corp., president
Art) Smolensky. ‘*We're finally
coming into our own, The futures
markets can be volatile and most
people investing on their own
don’t have the staying power
needed to make money in the long
tun."’

The Global One Futures Fund is
run by four Commodity Trading
Advisors, cach trading in-
dependently with a portion of the
fund’s assets. All have more than
10 years’ experience in the com-
modity markets with proven track
records.

¢

a
ons,

C : we

GLOBAL FUTURES Corp. president Art Smolensky

and hard hours in the mutual
business.

Although the Global One
Futures Fund benefited from the
major rise in oil prices, it was
originally surging well before the
current Middle East crisis.

“it's true that investing in
commodity futures is not for
everyone and we would never
recommend that people with
limited incomes put all their sav-
ings in futures,’ said Smolensky.
“However, many statistical studies
show that a portfolio which in-
cludes professionally managed
futures performs better overall

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than a portfolio composed of
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Smolensky does not trade for
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He is in his office watching the
markets by $ a.m., rarely gets
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time he goes to bed, has placed
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what's happening in the overnight
markets around the world.

“It's a hard life,’ said Smolen-
sky. ‘‘When I see the results that
can be achieved, it's worth it.""

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