Megafunds generate returns while curing cancer

Megafunds are an investment structure that would cure cancer while offering attractive returns.

Andrew Lo discusses the idea in his recent book “Adaptive Markets”, though he appears to have tried to popularize the idea for several years. http://www.institutionalinvestor.com/…/mits-andrew-lo-touts…http://alo.mit.edu/wp-content/uploads/2015/…/FAQ20151005.pdf

I assume the reason that this idea hasn’t gone anywhere (yet) is that the idea would be very, very, very hard to pull off?

FB thread.