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Manhattan fund moving to Stamford

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Tweedy Browne Co. L.L.C. is moving its headquarters from New York City to Stamford, where it is taking nearly 25,000 square feet of space at Metro Center beginning early next year.

Tweedy Browne was established in 1920 and manages some $14 billion in assets today, with its largest holdings including Nestle, whose Nestle Waters North American division is based in Stamford; and Diageo PLC, whose North American headquarters is in Norwalk.

In the first half, the company’s flagship global value fund produced a 7.3 percent return, after dropping 4.1 percent last year. Despite the decline, Morningstar named Tweedy Browne its international stock fund manager of the year, saying “its management team stood out for limiting losses in a brutal year.”

Newmark Knight Grubb Frank assisted the company in its office search.

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