PRIM and Proper

The Massachusetts retirement fund will move $1.5 billion, or 5 percent of its assets, into hedge funds. It won’t dawdle: A cool $1 billion should be invested by next summer.

Jerrold Mitchell has a thing about absolutes.

Following a 26-year career as a portfolio manager at Wellington Management Co., Mitchell enrolled in 1995 as a Ph.D. candidate in comparative religion at Harvard University. Six years later he earned his doctorate, as well as a master of divinity degree from the Episcopal Divinity School in Cambridge, Massachusetts.

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