by Dr. Warren Huang Pioneer Proactive Asset Pricing OSA,
chief editor www.OSAGlobalstrategicmanagement.com/www.osawh.com

Goal, Objectives:

Proactive Structural Global Asset Pricing Strategic Decision Analysis tool provide global top government officials and SWF asset allocation managers maximize risk adjusted return in their global equities, commodities, real estate , currencies investment in fight global financial crisis and global economic boom and bust cycles

Missions:

Development, implement thousands proprietary  Proactive Structural Asset Pricing Strategic global economic systems( macro, financial, industrial, trade ) integration and capital markets Operations Simulations Analysis (OSA) Decision Analysis model simulators provide global top government officials and SWF asset allocation managers reliable demand and prices market forces mechanism achieve maximize risks adjusted return

Pioneered by Dr. Warren Huang two master hands controlling   major global economy and financial markets prices , forecasts years, month ahead of the emerging market trend, maximize risk adjusted return in their global equities, commodities, real estate investment
 These simulators have been tracking , forecasting  last 20 years daily global central banks monetary, fiscal, economic, WTO trade  policy impact on daily macroeconomic inflation control, interest rates, currency, commodities prices, 20 sectors (real estate housing, energy, finance, manufacturing ) upstream/downstream products demand, prices market forces mechanism, corporate earning, stocks , futures prices.
 It has been able to provide the  what, why, how and timing of global equities, commodities, real estate, currency asset pricing and associated credit default, market crash volatility risks achieving maximized risks adjusted return in last 20 years  global currency, financial, energy and asset bubbles burst crisis for China, US, Taiwan, Asian 30 millions HNW and institutional investors. 
These simulators will be the necessary daily strategic decision tools for global SWF asset managers in asset allocation and risks management.
Dr. Huang predicted July oil price soared to 80, Dow Jones plunged to12600 and global stocks plunged 20 %
 Dr. Huang accurately predicted on this web page since June 2007  and lecture to Peking University , China int'l financial engineering risk management conference  that US and global housing bubbles bubble burst, billions dollar loan mortgage
and hedging fund  default betting on the wrong side of interest rates resulted  global stock indices are extremely overpriced, will follow US Dow Jones, NASDAQ for 10- 20 % correction due to soaring oil, metal prices, inflation and continue rate hikes  into 2007 slowdown, housing bubbles  sub-prime and jumbo mortgage credit crunch, default risks will give up all 2006 gain
 in current correction, US money supply growth already doubled to 6.2 % from last year 3.5%, due to housing, stock market wealth gain, recent US  Fed  0.5 % discount rate cut and ECB pumped 400 billion dollar into the banking systems will further  inflate the stocks, housing, oil, commodities asset bubble and highly inflationary and continue into second stage correction with US dollar

Review of  current global SWF Investments:

In addition to Norway ($300 billion), Singapore ($300 billion), Kuwait ($200 billion) and Abu Dhabi ($500 billion to $600 billion). Korea, United Arab Emirates, Brunei, Malaysia, Taiwan, Canada and Chile invested total 1.5 trillion US dollars in Sovereign Wealth Fund (SWF), China is creating a new $200-billion to $300-billion "sovereign wealth fund" to diversify its foreign holdings away from U.S.-dollar  bond and to make large-scale equity investments in companies overseas. The money will come from the more than $1.33 trillion currently holds in reserves,  China has made its first investment from the fund: a $3-billion non-voting investment in 10 % of  Blackstone Group with recent IPO share price between 28-36.

China's  diversify its vast holdings through  China Foreign Exchange Investment Co. will provide a fresh supply of cash for the purchase of foreign assets ( equities, real estate, commodities ) instead of U.S.  bond  which currently account for 99.9 percent of China's holdings

All SWF investing in global financial assets markets looking for better investment return will be facing daily general macro , industrial economic systemic risks like country currency, inflationary, interest rates, equities, commodities price shock risks and specific corporate business margins operations risks, which may causes trillion dollar NPL or investment loss in global currency, financial, energy and asset bubble burst crisis.

What , why , how and timing of Global/ China  SWF  Asset Allocation Risks and Return Operations Simulations Analysis

Proactive Structural Asset Pricing Strategic global economy and capital markets Operations Simulations Analysis (OSA) Decision Analysis model simulators provide global top government officials and SWF asset allocation managers reliable demand and prices market forces mechanism of  major global economy and financial markets prices , forecasts years, month ahead of the emerging macro and industrial economic control, capital market trend, maximize risk adjusted return in their global equities, commodities, real estate investment

SWF investment return and risks =  F ( commodities prices/equities corporate profit margin, country currency risks, Macroeconomics , financial markets investors sentiment risks)

Proactive decisions for two master hands controlling, tracking forecast years, months ahead of the emerging market trend of  global equities, commodities, currency prices, risks 
tracking forecast last 20 years 100 countries currency for Taiwan 300, 000 import/export managers

Proactive decisions for two master hands controlling orecast years, months ahead of the emerging market trend of   global  oil, energy, commodity banking, finance,, real estate housing prices, defaults risks tracking and forecast month last 20 years daily Asian, US, European oil, energy, commodities downstream cash, futures, housing, IT asset  prices bubbles  in global , banking, finance, energy crisis for patented in US  and supporting Oil & Gas Journal, Hydrocarbon Processing 80 countries 1600 multinationals executives  www.osawh.com/hp2001h.html  on Advanced control and information systems handbook 1991-2005 and Taiwan 300,000 import/export commodity procurement strategy

Proactive decisions for two master hands controlling global  macroeconomic control, stock indices
investor sentiments and thousands listed stocks, 40 countries ADR , IPO prices
offered thousands executives investment risk management  workshops for millions US,  Asian,
European CEO, senior executives and US, China, Taiwan 15 cities 30 million TV, radio investors tracking, forecasted years, month ahead of global macroeconomic control, dailystock, bond, commodities, futures prices
SWF investments asset allocation risks management  OSA
Dr. Warren Huang accurately predicted BX plunge below  27, test new low, on July 6, this page, It did plunged below 27.3 on July 19 and test 23 on Sept 4..
 China 3 billion investment in US Blackstone Group (BX):  despite BX enjoyed US recent real estate, communication, retail  boom, its performance has been peaking out . IPO soared from 28 to 36, it will be testing below  20 due to   US facing inflationary slowdown dragging BX major real estate ( subprime and falling housing demand and prices) and weakening retail investments, sharp competitions in its communications group, and peaking out in energy commodity performance),
China SWF invested 5 billion USD in Morgan Stanley Dec. 2007 with nonvoting right, two year convertible stocks reference price 49- 58. after Morgan announce loss 3.6 billion due to mortgage default loss, stock price plunged to 47.6.
Dr. Huang accurately predict on Wall Street Journal Market Beat Blog, Sept. 14 that US investment banks facing tough fight against US housing slump mortgagee  default continue into 2008 summer, will give up all its gain in  speculate on Fed rate cuts. and making new low,  all stock prices will be down 30- 50 % , with over 50 % for those under loss.(Merril Lynch, Citi, MS)
It is too early to invest in any US banking, finance, housing stocks, as the worse of housing slump is not over,
These stocks prices continue follow US housing price slump, with widening loss in write off loss.
China investments still subject to currency exchange loss due to RMB appreciation
He accurately predicted Aug 16, US sub-prime crisis drag Dow plunge 1200 to 12600
4 millions global investors visited Dr. Warren Huang  www.osawh.com  website  daily proactive asset allocation and risks early warning tracking forecasts daily global real estate, energy, commodity, equities prices performance.
He lectured thousands QFII executives, multinational oil, banking, finance executives in Beijin, Singapore, Shanghai, San Francisco, 2003-2004 warning US /China housing, equities commodities bubble and interest rates hikes 2004-2007..
He warned again to hundred US,. global oil CEO, securities companies VP in  Beijing on China natural gas and oil market investment conferences Feb, Nov 2005 that oil price will be soared from 45 to 78, metals, commodities prices soared to new high and China's A share enjoyed bull market rally from 1000 to current level in 2006- 2007
It is premature to jump in any speculation of global real estate mortgage, banking, finance investment. The current US sub-prime mortgage default will be spread into jumbo mortgage as interest rate already jump from 6.5 % to  9 %, housing recession will extend into summer 2008 and UK, EU
Barclays merger investment and Bank of America 2 billion investment in Countrywide will facing downside risks .
China housing, equities twin bubble facing slowdown, burst next year
Dr. Warren Huang Wall Street Journal Real Time Economic Blog Dec. 29, 2007  

send your comment to Dr. Warren Huang wh3928@yahoo.com