For the British financial juggler Chris Hohn, the bad news comes as it should, because he is benefiting from falling Wirecard rates. CEO Braun would not be his first prominent victim in Germany.
The payment processor Wirecard does not come to rest. After the publication of the special investigation by KPMG’s auditors on Tuesday was accompanied by a huge drop in the share price, the losses continued on Wednesday at the start of trading. This involved speculators who, even after the Munich financial service provider’s rise in Dax a year and a half ago, are always betting on falling prices of the Wirecard share.
One of them is the prominent manager Chris Hohn with his hedge fund TCI. The controversial Briton wrote a letter to Wirecard chief supervisor Thomas Eichelmann, in which he calls for CEO Markus Braun to be dismissed: “We believe that the supervisory board is legally obliged to intervene. In our opinion, the necessary intervention is now to release the CEO from all management tasks. “