NEW YORK (Bloomberg) - Man Group plc., the largest publicly traded hedge-fund manager, disposed of its remaining shareholding in Bermuda-based MF Global Ltd., raising its regulatory capital surplus by about $90 million.

Man Group UK Ltd., a unit of Man Group plc., entered into an agreement with Nomura International plc. to sell its holding in MF Global with a minimum sale price of $5.35 a share, the London-based company said in a statement on Friday.

Man Group chief executive officer Peter Clarke said in June that the company was planning to sell its stake in MF Global, the futures and options broker. The company sold the bulk of its stake in MF Global in an initial public offering in July 2007.

"Clearly the positive thing about it from the management's perspective is that they will not need to waste too much more of the management's time focusing on MF Global," said Steve Keeling, an analyst at Singer Capital Markets Ltd. in London. Mr. Keeling has a "buy" rating on Man Group.