UK's Man Group falls after London court ruling in Kuwait pension fund lawsuit

Man

06/11/2026 08:50

** Shares of hedge fund Man Group EMG.L down about 5.5% at 304p
** Kuwait's public pension fund broadly won its lawsuit against Man Group and others, in which it accused various banks and investment companies of laundering bribes paid to its late director
** EMG says London High Court ruling indicates that Public Institution for Social Security is entitled to recover about $155 million from the estate of Fahad Al Rajaan, Mohamad El Ghazzi, a former Man Group employee and two Man Group units
** EMG says it disagrees with the judgment and is evaluating its options     
** YTD, stock is up ~35%

 (Reporting by Krisha Bhatt in Bengaluru)
 ((Krisha.bhatt@thomsonreuters.com))