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: 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.
Plus: SpaceX is already trading below its opening price, HSBC is pulling back from risky private credit, and 57,000 rent-stabilized apartments sit empty in NYC.
Plus: Microsoft is cutting thousands of jobs, elite students are ditching banking for startups, and New York is building apartments at a pace not seen since 1965.
Plus: Singapore is becoming a major Wall Street hub, Balogun red card rescinded after Trump call, and Elliott is minting the next generation of hedge fund giants.
Plus: JPMorgan is paying for Charlie Javice's gummy bears, Ken Griffin bought an entire Miami condo building, and bowlers are mad about private equity.
