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: Trump sues JPMorgan for $5B, Goldman raised Gold forecast, retail traders keep buying the “Sell America” dip, and banks line up for the hottest IPO of the year.
Plus: TACO trade is back, Susquehanna already has ~60 traders focused on prediction markets, and Apollo co-founder's debut PE fund surpassed its $4B target.
Plus: BofA dishing out equity to employees, the messy drama at Mira Murati's AI startup, even top MBAs are struggling to find jobs, and Andreessen Horowitz is betting $3 billion that AI isn’t a bubble.
Plus: $100M+ moonshot CEO pay packages aren’t paying off, Sequoia breaks a VC taboo, and AI unicorn founders are getting younger, with the average founder now just 29.
Plus: Trump attacks Jamie Dimon over Fed remarks, Greenland tariffs just dropped, 401(k) money for mortgage down payments, and computer memory prices expected to rise 50%.
Plus: Nike is going pickleball, MrBeast gets a $200M investment, weight-loss drugs are bullish for airlines (per Jefferies), and TSMC sends AI stocks higher.
Plus: Verizon down bad, what Greenland could cost, Blackstone’s 401(k) moment, and McKinsey will require job candidates to use an AI chatbot in interviews.
Plus: JPMorgan falls after investment banking miss, Elon gives Iran free internet access, Kirkland in hot water and hedge funds post best year since the financial crisis.
Plus: The Lazard banker who made $41M on insider tips, gold and silver keep ripping, Paramount sues Warner Bros., and PE dumps old fund stakes to return cash to investors.
Plus: Crypto market outlook, equity outlook, and greatest crash in Wall Street history.
Plus: Trump calls for cap on credit card interest rates, Meta going nuclear, D1’s private portfolio jumped 39% last year, and Rolls-Royce stock is on a tear.
Plus: $100K payment for each Greenland resident, Soho House’s $2.7B take-private in trouble, and Ozempic users regaining weight after getting off the pill.
