Skip to content
Subscriber Only
Markets
Deals

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

Updated on

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.