Vela Fund

Extracted Attributes

• Founded

  2019-01-01

• Full Name

  VELA Education Fund

• President

  Meredith Olson

• Primary Focus

  Micro-schools, homeschool co-ops, and non-traditional learning

• Founding Investment

  $10 million USD ($5 million each from Walton Family Foundation and Charles Koch Institute)

• Operational Philosophy

  Permissionless Innovation and Individualized Education

Timeline

• The VELA Education Fund is launched with $10 million in start-up funding from the Walton Family Foundation and the Charles Koch Institute. (Source: Influence Watch)

  2019-01-01

• VELA issues six major grants to organizations including Black Mothers Forum and Free Forest School. (Source: Influence Watch)

  2021-01-01

• The fund grants approximately $10,706,082 to various recipients and provides $1,792,500 in scholarships. (Source: Influence Watch)

  2022-01-01

• VELA collaborates with the Clayton Christensen Institute and ReWired Group to publish the study 'Families on the New Frontier.' (Source: Influence Watch)

  2024-01-01

Vela incident

The Vela incident was an atmospheric nuclear explosion that occurred on 22 September 1979, near the South African territory of Prince Edward Islands in the Indian Ocean, roughly midway between Africa and Antarctica. This explosion is widely believed to have been an undeclared test of an Israeli nuclear weapon on the ocean surface, carried out with assistance from South Africa. Initially detected as a double flash of light by an American Vela Hotel satellite, further meteorological satellite, hydroacoustic, and radionuclide data support the event's identification as an atmospheric nuclear explosion. In 1980, US President Jimmy Carter wrote in his diary, "We have a growing belief among our scientists that the Israelis did indeed conduct a nuclear test explosion in the ocean near the southern end of Africa." Experts have suggested the weapon tested was a neutron bomb and/or nuclear artillery round, and that Israel may have carried out other nuclear tests. If an atmospheric nuclear explosion, it was the second most recent in history, preceding an October 1980 nuclear weapons test by China. If conducted by Israel, it was in contravention of Israel's 1964 ratification of the Partial Nuclear Test Ban Treaty. The previous 41 double flashes detected by the Vela satellites were caused by atmospheric nuclear tests. Some traces of potential nuclear fallout were detected in Australia but not New Zealand. Some information about the event remains classified by the United States government. Its Department of Defense initially suggested a combination of phenomena such as lightning and a meteoroid hitting the satellite.

Web Search Results

• VELA Education Fund - Influence Watch

  Influence Watch logo Influence Watch logo Or browse groups, people, or influence networks. # VELA Education Fund The VELA (candle in Spanish) Education Fund (or VELA) is an education advocacy group founded in 2019 to fund “non-traditional learning” by the Walton Family Foundation and the Charles Koch Institute, each of which donated $5 million in start-up funding. It also claims to promote “permissionless innovation” by investing in entrepreneurs, students, parents, educators, and community leaders who use micro schools, homeschool co-ops, and after-school programs. 1 ### At-A-Glance 2019 Meredith Olson Contents ## Partnership [...] 2019 Meredith Olson Contents ## Partnership The VELA Education Fund is listed as a partner of Stand Together, an advocacy network founded by Charles Koch that consists organizations which allegedly fund education reform efforts. 1 ## Activities The VELA Education Fund has previously collaborated with the Clayton Christensen Institute and the ReWired Group to produce a 2024 study “Families on the New Frontier: Mapping and Meeting the Growing Demand for Unconventional Schooling” that promoted research on how to advocate and advance “alternative forms of schooling.” 2 3 ## Grants and Scholarships [...] ## Grants and Scholarships In 2022, the VELA Education Fund granted roughly $10,706,082 in grants to several recipients including a $10,000 grant to One Room School House while providing $1,792,500 in scholarships. 4 5 VELA provided $4.48 million in grants in 2022. Organizations receiving up to $50,000 Next Step awards included Black Homeschoolers of Birmingham, a group that will replicate its model in Montgomery, Alabama; Burbella Learning Academy; Bridges to Science; and Rock Tree Sky and Bridge. Grants up to $250,000 went to organizations including Canary Academy, Moduto, Soaring Education Services, and Microschool Builders. 6 In 2021 VELA made six grants to organizations including Black Mothers Forum, Weird Enough Productions, Smart Girls HQ, and Free Forest School. 7

• [PDF] PROSPECTUS of MF Vela Fund

  CONSTITUTION OF THE COMPANY MF Vela Fund is an open-ended investment company with variable capital incorporated in England and Wales (number: IC145349) under The Open-Ended Investment Companies Regulations 2001 as amended from time to time (the “OEIC Regulations”). The Company is a non-UCITS retail scheme for the purposes of the Sourcebook and an umbrella scheme. The Company is also an AIF for the purposes of the AIFM Directive. The head office of the Company is at 27-29 Townfield Street, Chelmsford, Essex, CM1 1QL. The authorisation from the Financial Conduct Authority (the “FCA”)) was made effective on 29 March 2023. The Company has an unlimited duration. Each Fund of the Company will be invested in accordance with this Prospectus and the provisions of the Sourcebook applicable to a [...] is Minerva Fund Management Solutions Limited, a limited company incorporated in England and Wales on 12 November 2019 with registered number 12310712. The head office and registered office of the ACD are at Townfield House, 27-29 Townfield Street, Chelmsford, Essex, CM1 1QL. As at the date of this Prospectus, the amount of the ACD’s authorised share capital is £661,329 of ordinary £1 shares of which £661,329 is allotted and fully paid up. The ACD is authorised and regulated in the UK by the FCA whose address is 12 Endeavour Square, London E20 1JN. As AIFM of the Company the ACD is responsible for portfolio management and risk management of the Company and administering the Company’s affairs in compliance with the AIFM Directive. The ACD may delegate its management and administration [...] a Fund is currently calculated at 12 noon (UK time) for all Funds (this being the Valuation Point) on each Dealing Day. The calculation of prices of Shares commences at or about the valuation point on each Dealing Day. The ACD may carry out additional valuations in accordance with the Sourcebook if it considers it desirable to do so. Valuations for the purpose of issuing a price will not be made during a period of suspension of dealings (see the “Suspension of dealings” section). The ACD is required to notify Share prices to the Depositary on completion of a valuation. The property of a Fund is valued on the following basis in accordance with the Instrument: • Transferable securities for which market quotations are available are valued at their last quoted price prevailing at the

• Home | VELA Investment Management

  Income Opportunities Fund Invests in dividend and interest income producing securities, both domestic and foreign, across the market capitalization spectrum. Short Duration Fund Invests in fixed income securities across a broad group of industries, geographies, and company market capitalizations. Investors should carefully consider the investment objectives, risks, and charges and expenses of the fund before investing. The prospectus contains this and other information about the fund, and it should be read carefully before investing. Investors may obtain a copy of the prospectus by calling 833-399-1001. The fund is distributed by Ultimus Fund Distributors, LLC. (Member FINRA). You are now leaving the VELA Funds website and accessing the VELA Investment Management, LLC website. [...] Small-Mid Cap Fund Invests in U.S. equity securities with small-mid market capitalizations that we believe are undervalued. Small and mid-cap companies tend to be underfollowed in the earlier stages of their growth potential, causing divergences between price and value that present compelling opportunities for investors. Large Cap Plus Fund Invests in long positions of attractively valued companies while also taking short positions in unattractive stocks. International Fund Invests in a diversified portfolio of non-U.S. equities from a broad market capitalization spectrum. Value is primarily added through stock selection, rather than by country or sector allocation. Income Opportunities Fund [...] ## Valuation-Centric Funds At VELA Investment Management, we offer a selection of investment strategies designed to seek long-term capital appreciation and/or current income. SMALL CAP SMALL-Mid CAP LARGE CAP PLUS INTERNATIONAL INCOME OPPORTUNITIES SHORT DURATION ### Investment Philosophy Valuation-Centric Approach We invest when our research indicates the company’s equity price is undervalued relative to the fundamental value of the business. Experienced Team Our team works to identify businesses with sustainable competitive advantages run by management teams that demonstrate an ownership mindset and astute capital allocation. We also consider a company’s balance sheet strength and its ability to navigate adverse economic environments. Long-Term Horizon

• Income Opportunities Fund | VELA Investment Management

  Non-U.S. Securities Risk. The fund may invest in non-U.S. securities and U.S. securities of companies domiciled in non-U.S. countries that may experience more rapid and extreme changes in value than a fund that invests exclusively in securities of U.S. companies. These companies may be subject to additional risks, including political and economic risks, civil conflicts and war, greater volatility, expropriation and nationalization risks, currency fluctuations, regulatory risk, higher transaction costs, delayed settlement, possible non-U.S. controls on investments, and less stringent investor protection and disclosure standards of non-U.S. markets. In addition, the potential departure of one or more other countries from the European Union may have significant political and financial [...] Investors should carefully consider the investment objectives, risks, and charges and expenses of the fund before investing. The prospectus contains this and other information about the fund, and it should be read carefully before investing. Investors may obtain a copy of the prospectus by calling 833-399-1001. The fund is distributed by Ultimus Fund Distributors, LLC. (Member FINRA). Ultimus Fund Distributors, LLC and VELA Investment Management, LLC are separate and unaffiliated. [...] The Russell 3000 TR Index is a market-capitalization-weighted equity index maintained by FTSE Russell that tracks the performance of the 3000 largest U.S. traded stocks across all market sectors, inclusive of dividends, capital gains, distributions, and interest. The secondary index for the fund is a blend of the Russell 3000 TR (50%) and The Bloomberg Aggregate Bond Index (50%). The Bloomberg Aggregate Bond Index broadly tracks the performance of the U.S. investment-grade bond market. The index is composed of investment-grade government and corporate bonds. You cannot invest directly into an index.

• VELA Investment Management - Asset Management Company | Morningstar

  It earns an inaugural Average Parent rating. This Ohio-based firm's roots lie within state lines at Diamond Hill Capital Management. Ric Dillon built Diamond Hill into a large and successful shop before retiring in 2018, but the closure of that firm's private wealth business spurred him back to action, and he co-founded VELA in late 2019. He didn't start from scratch; a group of tenured analysts and portfolio managers followed him from Diamond Hill to VELA shortly after its founding. Ownership of the firm is widely held among senior members and investors, supporting retention and the alignment of incentives. Its first mutual funds were launched in 2020 and have gotten off to a good start relative to their performance benchmarks. [...] ### Total Net Assets ### Investment Flows (TTM) ### Asset Growth Rate (TTM) ### # of Share Classes | Morningstar Rating | # of Share Classes | | --- | | 0 | | | | 0 | | | | 4 | | | | 2 | | | | 2 | | | Not Rated | 3 | | | | | 0% 25 50 | | Name | Morningstar Rating Overall | 5-Year Category Rank | --- | VELA Small Cap Fund Class A | | 79 | | VELA International Fund Class A | | 81 | | VELA International Fund Class I | | 69 | | VELA Small Cap Fund Class I | | 75 | | VELA Large Cap Plus Fund Class A | | 95 | ## Quick Definitions: Key Morningstar Terms ## Category ## Morningstar Medalist Rating for Funds ## Morningstar Rating™ for Funds ## Percentile Rank ## Sponsor Center ## Transparency is our policy. Learn how it impacts everything we do [...] VELA has strong prospects, but it is still in the early stages of growth with just under USD 500 million in assets under management as of December 2024. The investment team counts just over one dozen individuals, which is a decent start but lean relative to the firm's global equity and short-term fixed-income mandates. The equity analyst team is also light on experience relative to peers. Overall, VELA has a good foundation, but the lack of scale and resources limits its rating. Note: This share class' Parent Pillar rating is analyst-driven, as its Branding Name, VELA Investment Management (Branding Name ID: BN00000MMM), is covered by Morningstar Manager Research. ## VELA Investment Management Investments ### Mutual Funds ### Market ### Total Net Assets ### Investment Flows (TTM)