Valuation-Centric Funds

At VELA Investment Management, we offer a selection of equity funds, all of which are designed to seek long-term capital appreciation through fundamental, bottom-up security selection.





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

Our commitment to maintaining a long-term horizon enhances our potential to buy good businesses at compelling valuations and generate attractive long-term returns for clients.


Small Cap Fund

Invests in a diversified portfolio of small capitalization stocks. Small cap companies tend to be underfollowed and in the early stages of their growth potential. These factors can cause meaningful divergences between price and value, presenting compelling opportunities to generate attractive returns for shareholders.

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

Invests in dividend and interest income producing securities, both domestic and foreign, across the market capitalization spectrum.

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).