yes I believe many super funds have done and still do this. They were doing this at the beginning of the pandemic from memory until regulators and funds decided it's not in the best interests of the market to continue doing it
https://www.securitiesfinancetimes.com/securitieslendingnews/industryarticle.php?article_id=224631&navigationaction=industrynews&newssection=industry
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Ann: PARADIGM RECEIVES FEEDBACK FROM US FDA ON IND SUBMISSION, page-210
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