Asset Management

Darwall offloads Wirecard stake after stock crashes

Alexander Darwall's European Opportunities Trust has been hit by Wirecard's sharp share price fall

Darwall offloads Wirecard stake after stock crashes
Photo: Getty Images

Star UK fund manager Alexander Darwall has sold his stake in Wirecard, following a two-day share price crash at the German payments giant.

The share price of Darwall’s European Opportunities investment trust dropped by more than 10% on 18 June after Wirecard’s auditor said it could not account for almost €2bn in cash on its balance sheet.

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