Hedge Fund Manager Launches $1 Million Prize to Boost Lifespans

Jan 13 2015 | 3:59pm ET

First it was Alexander the Great, then the knights of the crusades…

Now, one hedge fund manager is leading humanity’s search for the Fountain of Youth.

Hedge fund manager Dr. Joon Yun has announced a $1 million prize to challenge scientists to find the “elixir of life” and push the human lifecycle beyond the accepted maximum of 120 years.

It didn’t take long for participants to join the challenge. According to reports, at least 15 teams have signed up in an attempt to “hack the code of life.”

According to an interview with the Guardian, Yun believes that scientists will be able to solve the aging process, allowing humans to live indefinitely, possibly up to 1,000 years.

This isn’t his first jaunt into lifespan competitions.

Last year, Yun established "Palo Alto Longevity Prize," which would reward $1 million to anyone capable of extending the life of mice by up to 50%. And it certainly won’t be Yun’s last prize. The hedge fund manager says that he will continue his moral quest to solving ageing and extending human life.

Yun is a co-managing member and the president of Palo Alto Investments. Founded in 1989, the company has more than $1 billion in assets and manages several healthcare funds.

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