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: Tesla just had its worst single-day market cap loss, peptides about to go more mainstream, and Substack is betting on humans.
Plus: OpenAI is building a $30 billion data center in Georgia, $348 billion is trapped in zombie funds, and Mediterranean yacht rentals are cratering.
Plus: Dimon says he wouldn’t touch stocks or Treasuries, Goldman is chasing the next SpaceX for its rich clients, and Carlyle is quietly unwinding an ESG bet.
Plus: KKR is taking losses in China, Trump Jr. is investing in federal contractors, and Miami just passed New York on cost of living.
Plus: Apple and Nvidia are trading the top spot daily, the Pentagon is paying Wall Street salaries, and a Taco Bell parasite just sent Sweetgreen soaring.
Plus: Lilly is buying a psychedelics company, Apollo is writing $20 billion checks in Mexico, and Truth Social is selling its data to Wall Street.
Plus: BlackRock crossed $15 trillion, Stripe is bidding $53 billion for PayPal, and a dating app is replacing human choice with AI entirely.
Plus: IBM just had its worst day ever, Apollo is going toe-to-toe with JPMorgan for blue-chip loans, and the superrich are landmaxxing.
Plus: Hamptons home prices surged to record highs, Disney exiting streaming could trigger a 40% rally, and Meta's Louisiana data center investment is set to reach $50 billion.
Plus: A startup that builds AI agents used one to raise $100M, Apollo outbids a rival for budget airline, and private chef salaries reach $300,000.
Plus: Carlyle makes 5x return on data center power unit, Goldman bans staff from prediction market bets, and US venture capital just had its best half-year ever.
Plus: Nvidia lost $1 trillion in market value and is now its cheapest since before the AI boom, Blue Origin valued at $130 billion, and BofA is lending OpenAI half a billion.
