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: Luigi Mangione pretended to be an investor to gather intel on his target, Anthropic's revenue grew 14-fold in a single quarter, and OpenAI is losing talent ahead of its IPO.
Plus: Global equity outlook, crypto breadth report, and how to negotiate effectively.
Plus: Anthropic is heading toward a $2 trillion IPO valuation, potentially the largest software buyout in history, and a hedge fund divorce just became a $6 billion negotiation.
Plus: Africa is having a record funding year, Goldman buys ETF provider for $2.3B and Alex Cooper raises at a $500M valuation.
Plus: Apollo is bankrolling the Yankees, Bezos is buying into Liverpool, and CoreWeave doubled its revenue.
Plus: Ackman's janitor is a millionaire, Blackstone is buying into a struggling airline's loyalty program, and Zuckerberg wrote 6,500 words about AI.
Plus: The jobs report missed badly, private credit defaults hit a record, and inside one of Berkshire’s first big post-Buffett bets on housing.
Plus: Apollo outbid Castlelake on easyJet, Aschenbrenner invested $400 million a week after his fund nearly collapsed, and mortgage rates hit a new high.
Plus: SpaceX is at an all-time low, BC is eyeing LIV Golf, and the four biggest hedge funds were hit with cyberattacks in the same week.
Plus: The pulse of private equity, hedge fund outlook, and why feeling poor makes the rich spend more.
Plus: Airtable went from $11.7 billion to $2.25 billion, SpaceX disappointed on its first earnings report, and Jefferies keeps finding new problems in the same fund.
Plus: JPMorgan is committing $750 billion to housing, Palantir's commercial revenue nearly tripled, and boomers are sitting on $1 trillion in unwanted art.
