Milgram's project fits one element of the Arnold model: fund promising research for relatively small amounts millions, if that can be deemed small with the implicit commitment to spend substantially more if the results point to practical solutions.

WSJ: The New Science Behind Philanthropy | WSJ.Money Summer 2013

But it says the model of a fund as an independent discretionary trust delivering social care is "financially unsustainable".

BBC: Mandy Kiddell

The quant fund model over at ClearStream Investments in Boston has been buying in and out of the big emerging markets for the last month, but never convinced to hold onto those equities packed in the popular exchange traded funds for longer than a couple of weeks, tops.

FORBES: In a Schizo Market, the "Black Box" Says Stick to Cash