Star U.K. Stock Picker Dumps Whole Wirecard Holding
- Company made up more than 10% of Alexander Darwall’s Trust
- Alken Asset Management sold a position it’s held since 2008
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Some of Wirecard AG’s most-loyal shareholders have sold their stakes as allegations of accounting impropriety engulf the German payments company.
Alexander Darwall, who has held Wirecard shares since at least 2007, instructed his investment firm to sell all of its holdings, while Alken Asset Management, which has owned the stock since 2008, did the same. DWS Group, which had built a Wirecard position that reached about 1 billion euros ($1.1 billion) across several funds by the end of October, has also cut its exposure.