Commonfund introduced the Commonfund Short Duration Fund. It is the first open-end, SEC-listed fund of marketable securities offered by Commonfund under the umbrella of Commonfund Institutional Funds. The fund invests in high-quality fixed-income securities with durations of less than one year. Wellington and Western Asset are subadvisers. The fund will be offered to educational and health-care institutions, as well as organizations such as alumni associations.