Palos Management

What Palos Management does

Palos Management is a privately held, Montreal-based boutique investment management firm founded in 2001, operating across Canada with a secondary office in Toronto (opened 2018) and a US-registered affiliate (Palos Management Inc., SEC-registered). The firm offers a diversified family of proprietary pooled funds and discretionary wealth management services to Canadian high-net-worth individuals, business owners, professionals, entrepreneurs, and accredited/qualified investors. As of 2025, all Canadian registered asset management activities have been consolidated under Palos Wealth Management Inc., which serves as the fund manager and portfolio manager for the firm's product suite.

The product lineup spans five-plus pooled funds covering distinct strategies: the flagship Palos Income Fund L.P. (a limited partnership for accredited investors focused on Canadian dividend-paying equities, preferred shares, bonds, and convertibles); the Palos Equity Income Fund (a prospectus mutual fund mirroring the flagship); the Palos-Mitchell Alpha Fund (North American large-cap with hedging and options); the Palos WP Growth Fund (Canadian small-cap with long/short and statistical arbitrage); and the Palos Global Small-Cap Equity Fund, Palos-CTI Acrobat Enhanced Fund, and Palos-Barnes Trending Value Fund. The Wealth Management division provides customized portfolios, discretionary management, and fiduciary advisory on top of the in-house funds. The firm is staffed by approximately 17 named professionals including senior portfolio managers with 20–30+ years of experience and multiple CIM®/CFA charterholders.

Palos generates revenue exclusively from management fees calculated as a percentage of assets under management, with no commissions charged. Distribution is direct, relationship-based, and primarily Canadian, supported by content marketing through the "Palos Perspective" newsletter, a blog, and LinkedIn. The firm is registered as a portfolio manager across all Canadian provinces and territories, as an investment fund manager in Ontario, Québec, and Newfoundland and Labrador, and as an exempt market dealer in four provinces. It has won multiple Canadian Hedge Fund Awards (2014, 2018, 2021) across Macro and Equity categories. Critical vendors include NBIN (National Bank Network Independent) as prime broker and custodian, SGGG Fund Services for order management, PwC as auditor, and Fasken Martineau DuMoulin LLP as legal counsel.

Name

Palos Management

Legal name

Palos Wealth Management Inc.

Website

https://palos.ca

Company type

Private

Founded year

2001

Operating status

Operating

Short description

Palos Management is a Montreal-based boutique Canadian investment management firm founded in 2001 that offers proprietary pooled funds (income, equity, growth, alpha, and small-cap strategies) and discretionary wealth management services to high-net-worth individuals, business owners, and accredited investors across Canada, earning revenue from AUM-based management fees.

Ownership category

akta.pro rank

Product category

Wealth Management

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Advisory Portfolio Management (Non-Discretionary) (FSAAABAD)

akta.pro secondary industry

Managed Account Platforms (Separately Managed Accounts / Customized Portfolios) (FSAHAKAC)

Keywords

• Investment management services
• Wealth management
• Pooled fund management
• Portfolio management
• Discretionary asset management

Headquarters

HQ city

Montreal

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Others, Marketing or Sales, Infrastructure

Revenue model

1. Management Fees: Management fees are calculated as a percentage of assets under management (AUM). The firm emphasizes competitive fees among the lowest in the industry for their fund investors.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Palos Management is a boutique Canadian investment management firm that manages a diversified family of proprietary pooled funds (covering Canadian and North American income, equity, small-cap, and tactical strategies) and provides discretionary wealth management services. The firm targets high-net-worth individuals, business owners, professionals, and accredited investors in Canada, offering tailor-made portfolios through directly managed mutual funds, limited partnerships, and customized advisory mandates.

Product overview

Palos Management is a boutique Canadian investment management firm offering a diversified family of proprietary pooled funds and wealth management services. The product lineup consists of five distinct investment funds plus advisory services: (1) Palos Income Fund L.P. — the flagship limited partnership for accredited investors; (2) Palos Equity Income Fund — a prospectus-based mutual fund mirroring the flagship for regular Canadian investors; (3) Palos-Mitchell Alpha Fund — a global equity fund emphasizing capital preservation and long-term growth; (4) Palos WP Growth Fund — a high-growth Canadian small-cap strategy using long/short and arbitrage techniques; and (5) Palos Global Small-Cap Equity Fund — targeting global small-cap opportunities. Palos Wealth Management provides the advisory layer on top, offering personalized portfolio management, risk management, and fiduciary services to high-net-worth clients. All funds are actively managed using fundamental research, direct company engagement, and disciplined security selection.

Differentiator

Problem solved

Functional benefit

Products and services

• Palos Income Fund L.P.
• Palos Equity Income Fund
• Palos WP Growth Fund
• Palos-Mitchell Alpha Fund
• Palos Global Small-Cap Equity Fund
• Palos-CTI Acrobat Enhanced Fund
• Palos-Barnes Trending Value Fund
• Palos Wealth Management

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• SGGG Fund Services Inc.coreTechnology or IntegrationProvides order management system for Palos funds operations.
• National Bank Network Independent (NBIN)coreChannel Partner/ Reseller/ DistributorActs as prime broker and custodian for Palos funds. Provides client portal access for Palos clients.
• RBC InvestorminorOthersListed as a partner/service provider in the funds ecosystem.
• PricewaterhouseCoopers (PwC)coreOthersServes as auditor for the company and funds.
• Fasken Martineau DuMoulin LLPcoreOthersProvides legal counsel services to Palos funds.

Scale indicators3 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Mawer Investment Management: Calgary-based Canadian boutique asset manager offering actively managed pooled funds and customized portfolio management for HNW and institutional clients. Directly comparable to Palos in size, multi-strategy fund lineup, fee discipline, and HNW wealth management focus.
• Sprott Asset Management: Toronto-based Canadian boutique offering specialized actively managed pooled funds and flow-through limited partnerships for HNW and accredited investors. Comparable to Palos in boutique scale, LP fund structures (Palos Income Fund L.P.), and HNW/qualified-investor focus.
• Ninepoint Partners: Toronto-based Canadian boutique offering actively managed equity, income, and alternative pooled funds, including hedge fund strategies. Comparable to Palos as a multi-fund, performance-driven Canadian boutique with award recognition.
• Picton Mahoney Asset Management: Canadian boutique manager focused on active long/short and alternative equity strategies with multiple pooled funds. Closely comparable to Palos's WP Growth and Mitchell Alpha funds in product category and to Palos's boutique, performance-oriented positioning.
• Leith Wheeler Investment Counsel: Vancouver-based Canadian boutique providing discretionary portfolio management and pooled funds to HNW individuals, families, and institutions. Comparable to Palos as a relationship-led, fee-based, independent Canadian boutique with multiple in-house strategies.
• Connor, Clark & Lunn Financial Group: Canadian private multi-boutique with affiliated investment managers running equity, fixed income, and alternative strategies for HNW and institutional clients. Comparable to Palos in active multi-strategy orientation and HNW wealth-management positioning, though at larger overall scale.

Broad incumbents

• CI Global Asset Management: One of Canada's largest independent asset managers with broad mutual fund and ETF lineup distributed through advisor channels. Larger incumbent competitor that defines the fee and distribution landscape Palos operates within.
• Fiera Capital: Montreal-headquartered Canadian asset manager with broad public and alternative mandates across equities, fixed income, and private markets. A larger incumbent peer to Palos with overlapping investor base but broader institutional focus and wider product set.
• AGF Investments: Toronto-based Canadian asset manager offering diversified active funds across equities, fixed income, and alternatives. Comparable to Palos at the product category level but operates at much larger scale with broader advisor-channel distribution.
• Dynamic Funds (1832 Asset Management): Canadian active asset manager with a long-standing mutual fund lineup serving retail and HNW investors. Comparable to Palos in active management orientation and Canadian investor focus, but with larger scale and broader product set.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/palos-management-inc.

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Palos Management