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: Rana hires an attorney who repped Epstein accusers, eBay bans GameStop's Ryan Cohen, AI trading loses money, and Apple's putting cameras in AirPods.
Plus: JPM's sex scandal accuser rejected a $1M settlement, Anthropic is doing compute deals in space, and Wall Street is lining up data center IPOs.
Plus: Anthropic is coming for the analyst class, bots are taking over bond trading, and Morgan Stanley's Budapest operation is under federal scrutiny.
Plus: GameStop swung for a $56B acquisition it couldn’t explain how to pay for, Palantir is growing faster than ever, and someone stole $80K of mac & cheese from Chick-fil-A.
Plus: GameStop is bidding for eBay, Spirit Airlines shut down, and KKR just raised $10 billion for AI infrastructure.
Plus: AI is lifting GDP, Nvidia and Meta had rough days, and Ozempic breath causing tailwinds in gum industry.
Plus: Powell is staying put, Blackstone is rolling out a dedicated AI division, and junior bankers are automating themselves out of the grunt work.
Plus: Crypto market review, private market secondaries are booming, and the best exercise for longevity.
Plus: Ken Griffin is meeting with the governor, Mamdani is freezing city budget over private credit, and JPMorgan just became an Olympic sponsor.
Plus: The OpenAI-Microsoft relationship just got a lot more complicated, Ackman is finally going public today, and an electric air taxi just flew from JFK to Manhattan.
Plus: Intel just had its best day in nearly four decades, Jane Street out-earned every bank, and Google is doubling down on Anthropic.
Plus: Celebrity athletes are backing PE funds, the government may buy Spirit Airlines, and both Microsoft and Meta are trimming headcount for AI.
