(HedgeCo.Net) The legendary “Tiger Cub” network—hedge fund managers who once trained under Julian Robertson’s Tiger Management—continues spawning new firms. Most recently, Daniel Senft, formerly head of public equities at Coatue, has announced plans to launch NX1 Capital in January 2026, targeting an initial $1?billion in assets. Business Insider
Senft is making high-profile hires, including a former Coatue data scientist and a CFO from Glenview Capital, aiming to build a hybrid quantitative and discretionary platform. Business Insider
Simultaneously, Fremen Capital, founded by Benjamin Mandel (son of Lone Pine’s Stephen Mandel), has registered with the SEC and is managing ~$150 million. Business Insider
This continuation of Tiger’s progeny underscores the staying power of that lineage. The Tiger Cubs have long been a source of star managers—from Bill Ackman to Andreas Halvorsen—and new generations are now joining the fold. Business Insider
Key implications:
- Legacy and branding: The “Tiger” name offers recruiting, capital raising, and reputation benefits in a crowded market.
- Modern hybrid strategies: Many spinouts combine quantitative research, data science, and fundamental insight—blending old-school discretionary with cutting-edge tech.
- Talent recycling and loyalty: The proliferation of spinouts helps retain legacy relationships: prime brokers, allocators, data vendors, and infrastructure often span across generations of these firms.
That said, challenges for new entrants remain steep: allocation competition, fee compression, performance scrutiny, and scaling operational infrastructure. Whether NX1 and Fremen can carve sustainable advantages will be closely watched in the coming year.