Systematic investors use computer models to scan entire markets and select securities that fit their strategies. Traditional asset managers will have to "evolve or risk being left behind."
"With the increase in yields, U.S. corporate bonds [are] more attractive versus European corporate bonds for all tenor points and all currencies, for the first time this cycle."
As safety concerns limit the company's ability to boost production, CFO Brian West predicts a massive cash drain this quarter—an outflow of at least $4 billion.