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Lego Billionaires’ Fund Says Now’s No Time to Buy Stocks

Kirkbi CEO says now is not the time to go bargain hunting
Lego fund delivered a record investment profit for 2019

1475523227_ASX-Australia-exchange — Photographer: Brendon Thorne/Bloomberg

By

Christian Wienberg

March 31, 2020, 4:00 PM UTCUpdated onApril 1, 2020, 5:39 AM UTC

The fund manager overseeing the fortune of the Lego billionaires says equity markets remain too volatile to justify any bargain hunting.

“This is not the time to be brave,” Soren Thorup Sorensen, the chief executive of Kirkbi Group said in an interview on Tuesday. He spoke shortly after unveiling a set of results that showed he almost doubled the Lego family’s investment profits in 2019.