Kuwait’s Public Institution for Social Security (PIFSS) said on Wednesday it had filed a lawsuit against UK asset manager MAN Group Plc and its subsidiaries.

The pension fund is seeking $156 million in compensation relating to secret contracts between MAN Group and a former PIFSS executive between 1996 to 2013, it said in a statement.

The lawsuit was filed with the UK's Supreme Court, the fund said in the statement.

(Reporting by Hadeel Al Sayegh; editing by Jason Neely) ((Hadeel.AlSayegh@thomsonreuters.com; +971566883310;))