Short Term Fund

Please visit this site frequently and click on the links below for updates and information relative to the Short Term Fund. Please direct all inquiries regarding fund distributions, wire transfer instructions and other issues related to your Short Term Fund account to Commonfund Account Services at 1-888-823-3863.

On Friday, March 5, 2010, Law Debenture Trust Company of New York, as Trustee to the Commonfund Short Term Fund, distributed $10,057,313.64 to Participants, representing the final distribution from the fund.  With this final distribution, participants have received $1.0069 in cash for every $1.00 of their September 26, 2008 balances. Actual distribution amounts were based on each Participant’s pro rata interests in the fund.

If you have any questions, please contact Commonfund Account Services at 1-888-823-3863.

February 2010 video | Commonfund President & CEO, Verne Sedlacek, presents the chronology of events surrounding the Short Term Fund, click here to view.

Notice Regarding October Statements
Participants will notice a one time adjustment to September performance in their October statements. This adjustment is due to an overstatement of gains attributed to participants in September in the amount of $5.7 million. Actual gains for September should have been reported as $7 million, not the previously reported $12.7 million with the difference of $5.7 million used to reduce the RASF receivable. Please refer to the October Flash Report in the document list below for more information.

“Change in Value” calculation on statements from Law Debenture
The “Change in Value” figure presented each month on Short Term Fund statements from Law Debenture is derived by multiplying each participant’s average monthly balance times the net monthly return. The average monthly balance is simply the sum of daily net assets (your balance minus any specific day’s distribution) divided by the number of days in the month. The net monthly return (with detail on the components of return) is reported each month on the Short Term Fund Flash Report. See the document list below for all Flash Reports.

October 1, 2008 - Elimination of Commonfund Management Fee for the Short Term Fund
In light of the announced decision by Wachovia Bank, as Trustee, to commence the termination of the Short Term Fund, Commonfund has elected effective October 1, 2008, to waive its share of the Participant fee in the Short Term Fund until further notice.