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: Dow faces worst April since Great Depression after Trump calls Powell "major loser," Harvard's cuts could unravel Boston economy & why the real Trump trade is 'Sell America.'
Plus: Trump’s economic approval drops to a record low, gold hits a new high, Americans are moving money to Swiss accounts, and Ackman teases a Hertz-Uber partnership.
Both private equity and venture capital firms expect the challenging fundraising market to persist through 2025.
Plus: Trump says Powell's termination 'cannot come fast enough,' Blackstone CEO sounding the alarm on tariffs, Hertz is up 126% in two days, and UNH crashed 23%.
Plus: Hertz popped 56% after Ackman disclosed, Nvidia fell 7% on chip controls, Figma filed for IPO, and Trump wants to revoke Harvard’s tax-exempt status.
Is anything safe?
Plus: United issues two forecasts calling economy ‘impossible’ to predict, OpenAI may be dropping a social network, Ryan Cohen is levering up, and the first green stock exchange.
Plus: Economic anxiety is on the rise, 60% of CEOs now expect a recession, Carmaker stocks rose, chip tariffs coming next week, and Starbucks tightens dress code.
Plus: Activist nuns target corporate America, Tariff U-turn on electronics, Harvard faculty sue Trump admin, Jamie Dimon is sounding the alarm on S&P 500 earnings.
We calculate the ROI of our investments but what about the ROI of our happiness?
Plus: China slaps 125% retaliatory tariffs, Prada buys Versace, PWP CEO made $27M, Bill Ackman is down bad, and Apple flew in 600 tons of iPhones before tariffs kick in.
Plus: Goldman walks back recession call in 73 minutes, Delta pulls guidance, a16z eyes $20B AI fund, and Google pays AI engineers to sit out.
