Hedge fund manager Jeffrey Epstein has added another philanthropic deed to his already extensive list.
Epstein, a former Bear Stearns trader and founder of investment firm The Financial Trust Company, is backing the Elton John AIDS Foundation through funding from his own organization.
Epstein’s Program for Evolutionary Dynamics at Harvard University will work in conjunction with John’s foundation to fight HIV resistance by targeting treatment on an individual basis. The partnership supports the new approach of tailoring treatment on an individual basis based on genotype, viral load and other factors, compared to the decade-long method of applying a slew of inhibitors and other drugs to suppress the HIV virus.
Founded in 1993, the Elton John AIDS Foundation (EJAF) has raised more than $300 million to fund HIV-related projects around the world. An active member in philanthropy, Epstein also established the Jeffrey Epstein VI Foundation in 2000 to support cutting edge science research across the globe.