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

By Reuters News

** 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%

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