Tweedy, Browne's Will Browne stepped down as a portfolio manager and member of the firm's investment committee on Jan. 1, 2021. This change was not a surprise given that Browne is in his mid-70s. The firm laid the groundwork for succession years ago when it promoted analysts Roger de Bree and Jay Hill to the investment committee in July 2013, making them comanagers in the process. Following the December 2014 addition of Frank Hawrylak, the investment committee has now been intact for six years.
Will TBHDX outperform in future?
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The Parent Pillar is our rating of TBHDX’s parent organization’s priorities and whether they’re in line with investors’ interests.