Proprietary comp report by Overheard on Wall Street.
Harvard's endowment got rekt by private equity and hedge funds, but private equity professionals expect double-digit raises in 2024.
Private equity and venture capital firms from Silicon Valley to Wall Street are pumping millions of dollars into the psychedelic revolution. Investors are betting on the power of mind-bending drugs to transform mental health treatment and cut costs.
Plus: David protein bars valued at $2.25 billion, Uber laid off 3,300 people, and Tim Cook will be paid $47 million for exec chair role.
Plus: GoPro surged 40% after pivoting to AI data centers, banks pushback on legal fees, and the man behind "Rich Dad Poor Dad" is $1.2 billion in the hole.
Plus: LIV Golf is heading toward bankruptcy, HSBC is cutting senior bankers at crisis-era levels, and job interviews now include proving you're not a North Korean deepfake
Plus: The incredible global birth crash, where AI edge really lies, and talent vs luck.
Plus: Citadel just had its best quarter ever, Advent and Stripe walked away from a $50 billion PayPal deal, and Drake's streetwear brand is now owned by a private equity-backed IP firm.
Plus: Nvidia added $400 billion in a day, Apollo bought a private jet business from KKR, and Zoom's Anthropic bet quietly grew to $3 billion.
Plus: Nvidia crushes earnings and projects 70% revenue growth in 2028, FDA approves drug that doubles pancreatic cancer survival, and Bill Gates wants to pump the brakes on AI.
Plus: Canada hit back with 50% tariffs, OpenAI is challenging Nvidia with its own chip, and Anthropic is pitching a $30 trillion revenue opportunity.
Plus: The SEC is probing Situational Awareness, Goldman is warning AI is eroding bankers' judgment, and Silicon Valley parents are keeping screens away from their own children.
Plus: Hedge funds had their worst month relative to the S&P in two decades, JPMorgan is cutting at the fastest pace since 2015, and the mayor of Como banned bikes after getting hit by one.
Plus: AI debt bubble, Situational Awareness blow up, and booms and busts lessons.
Plus: Anthropic is gearing up to match or beat SpaceX's record IPO, Ackman gave $400 million to brain research after a family health scare, and California pulled in $366 billion in venture funding.
