Simulation Tools Key as Managed Futures Funds, CTAs Optimize Execution

“Skate to where the puck is going to be, not where it has been,” Wayne Gretzky once told an interviewer. As the Great One described it, what cuts certain players a level above in a fluid game like hockey isn’t native instinct alone, so much as endless practice seeing the ice and, frankly, the hard work of getting to where a scoring opportunity will be before it reveals itself. And doing that over and over.

Gretzky’s advice is one of Robert Almgren’s favorite lines—but not because the co-founder