Tim Albrecht from DWS was once considered a star among fund managers – then he made a big bet on Wirecard late on. This meant painful losses for investors, but it was “the first nail in the coffin” for his career.
In his heyday, Tim Albrecht moved billions of euros. He managed DWS Germany for years and turned it into one of the largest equity funds in the Deutsche Bank subsidiary. More than eight billion euros in assets were managed there at the best time, that was the beginning of 2018. When he appeared in the media, which happened often, Albrecht was always introduced as a “star fund manager”. Someone who supposedly knew much better than others how to make more money out of money.