The hedge fund world is increasingly turning to machine learning to catch what human eyes might miss, and a new multi-year agreement between a Montreal wealth manager and a Quebec-based AI firm shows just how deep that integration is becoming. Laplace Insights Software Inc. and Palos Wealth Management Inc., manager of the Palos-Mitchell Alpha Fund (PMAF), have signed a deal that puts the PSIMON machine-learning platform directly into the fund’s daily workflow.
Alexandre Legault Frenette, Co-portfolio manager, Palos-Mitchell Alpha Fund
Jean-Marc Patenaude, CEO, Laplace Insights
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Multi-year agreement brings Laplace Insights’ AI signals on anomalies and shifts in asset behaviour to the fund’s portfolio monitoring dashboard
MONTREAL, QUEBEC, CANADA, November 12, 2026 /EINPresswire.com/ — The collaboration, announced today, centers on PSIMON, a platform built to flag anomalies and meaningful shifts in how assets behave. It estimates near-term volatility risk and offers extra analytical angles so investment teams can decide where to focus their research. PMAF has already been feeding input into PSIMON’s development over recent years, and under the new agreement, the two companies will continue to add fresh capabilities for the fund.
PMAF operates as an actively managed global equity fund, using a thematic, fundamental, and probabilistic approach to pick securities and build its portfolio. Under the new deal, Laplace will supply PMAF’s investment team with daily analytical inputs from PSIMON, which scans the fund’s watchlists, flags changes in asset behavior—what the firms call asset regime changes—and issues alerts to support ongoing research and portfolio oversight.
The fund relies heavily on equity derivatives to manage both position-level exposure and, through its tail-risk hedging program, overall portfolio risk. PSIMON’s ability to detect regime changes gives the team more data points when weighing probabilities, risk, and volatility. “We are always looking for innovative ways to strengthen our existing investment process and risk management. PSIMON’s systematic inputs fit easily alongside the tools we already use,” said Alexandre Legault Frenette, co-portfolio manager of the Palos-Mitchell Alpha Fund.
“PSIMON uses specialized AI designed for financial market data, where the statistical behaviour of asset prices evolves over time. It identifies changes in asset behaviour and provides the PMAF investment team with additional analytical perspectives on developments that may affect near-term volatility and risk assessments,” said Jean-Marc Patenaude, CEO of Laplace Insights. “Working with Palos to help define PSIMON’s signals and integrate them into PMAF’s own dashboard reflects the kind of collaborative, long-term partnership we seek to build with investment managers.”
PSIMON is strictly an analytical support tool for PMAF’s investment and monitoring processes. All final investment decisions remain with Palos Wealth Management Inc. and its portfolio managers.
The technology behind PSIMON is Asset Regime Intelligence, Laplace Insights’ proprietary machine-learning engine. It gives investment managers asset-level regime monitoring without requiring them to build in-house engineering teams or compute infrastructure. A regime is defined as a period with distinct patterns of asset returns and volatility. Asset Regime Intelligence aims to identify these regimes and the transitions between them, evaluating each asset within its peer group, its sector, and the broader market.
PSIMON is commercially available to investment managers. Those interested can register for Laplace Insights’ next webinar at laplaceinsights.com to see how the platform tracks regime changes across the assets they follow.
The Palos-Mitchell Alpha Fund is a Canadian-based hedge fund structured as a mutual fund trust. It is available to eligible investors on Fundserv under the codes PAL310 (Series A) and PAL320 (Series F).
About Palos Wealth Management and the Palos-Mitchell Alpha Fund
Palos Wealth Management Inc. is a Montreal-based wealth and investment management firm within the Palos group, which has been operating for over 25 years. Palos is registered as a portfolio manager in all Canadian provinces and territories and as an investment fund manager in Ontario, Quebec, and Newfoundland and Labrador. The firm serves as investment fund manager and portfolio manager for the Palos funds, including the Palos-Mitchell Alpha Fund, which is co-managed by William (Bill) Mitchell, CIM®, and Alexandre Legault Frenette, CIM®, CAIA™. Learn more at palos.ca.
About Laplace Insights
Laplace Insights Software Inc., based in Sherbrooke, Quebec, provides investment managers with specialized machine learning for financial markets. Its product, PSIMON®, helps teams focus their research by monitoring watchlists daily, identifying anomalies and meaningful shifts in asset behavior, estimating near-term volatility risk, and suggesting positioning outlooks relative to peer groups and the market. PSIMON’s specialty AI is built on Asset Regime Intelligence, which draws on a dozen scientific publications co-authored with researchers at the Université de Sherbrooke. The platform is delivered through a cloud-based software platform, email alerts, and an API. Learn more at laplaceinsights.com.
Important information
This news release is for information purposes only. It does not constitute an offer to sell, or a solicitation of an offer to buy, units of the Palos-Mitchell Alpha Fund or any other security; units of the fund are available only to eligible investors in accordance with applicable securities laws. Palos and Laplace Insights are independent companies, and neither acts on behalf of the other. Laplace Insights provides PSIMON to Palos Wealth Management Inc. under a commercial subscription agreement and acts solely as a technology and research provider; it is not registered under securities legislation, does not advise the fund or its investors, and does not promote or offer an investment in the fund. PSIMON signals are research inputs, not investment advice. PSIMON’s signals are subject to model and data limitations and may not identify all relevant market changes. Their use does not guarantee improved investment performance or protection against losses. Palos’ portfolio managers independently evaluate PSIMON signals, and investment decisions for the fund are made solely by its portfolio managers.
PSIMON and Laplace Insights are registered trademarks of Laplace Insights Software Inc.
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Media contacts
Palos Wealth Management Inc.
Marija Zivkovic, Director of Communications
mzivkovic@palos.ca
514-307-0596
Laplace Insights Software Inc.
Violaine Trudeau, Media Relations
violaine@laplaceinsights.com
819-987-3202, ext. 8002
Violaine Trudeau
Laplace Insights Software Inc.
+1 819-987-3202 ext. 8002
violaine@laplaceinsights.com
Why it matters: This partnership signals a growing trend among hedge funds to embed specialized AI directly into daily portfolio monitoring rather than relying on generic models. For investors, it means that tools once reserved for firms with massive in-house data science teams are becoming commercially available, potentially leveling the playing field in detecting subtle market shifts before they become obvious.
