A pension plan can invest in anything they want. The investment manager has the responsibility to invest in accordance with the investment guidelines determine by what ever fiduciary body oversees the plan. However that oversight body can set the guidelines for allocation. I've seen plenty of pension plans have investment guidelines that allow for investment in far more speculative assets than ariad. iE private equity funds. Not sure where you are getting this conspiracy theory from. Either way even if the fund gets sued that has zero impact to ariad now. So what's the point?
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