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: David Protein faces class action lawsuit for understating calories as much as 83%, Qatari investors eye Papa John’s, and is the slop bowl era over?
Plus: Ackman's Pershing Square files for IPO on the NYSE, Oracle rips 9% after-hours, and former Goldman CEO Lloyd Blankfein on DEI.
Plus: Anthropic sues White House, hedge fund war for talent is heating up, and Goldman, Citi, and Morgan Stanley letting staff in UAE relocate.
Plus: Bank stocks selling off, emerging market stocks are place to be, Kalshi eyes $20B valuation and United Airlines bans passengers who refuse to wear headphones.
Plus: Baby-faced bankers could face termination over viral interview (FAFO), new Berkshire CEO investing his entire pay package in company stock, and OpenAI feuds with Anthropic.
Plus: AI and the next phase of the software cycle and how to build charisma.
Plus: Morgan Stanley is laying off 2,500 employees, Apple drops $599 MacBook, and Nvidia done investing in OpenAI?
Plus: Capital Group, KKR launch first PE fund for everyday investors, Blackstone employees buying the private credit dip, and Anduril valued at $16B in a round led by a16z/Thrive.
Plus: Dimon says AI could shrink the workweek to four days, oil prices jump most since 2022, Zuck buys $170M Miami house, and the most socially useful way to spend a $1B.
Plus: Trump blacklists Anthropic, OpenAI raises $110B at $730B valuation, Moelis banker to plead guilty in insider trading case, and 42% of restaurants did not turn a profit last year.
Plus: Netflix bows out of WBD deal, Nvidia sinks 5% despite beating earnings, and are we seeing 2008 vibes from private credit?
Plus: Another Nvidia earnings beat, UBS warns private credit default rates could hit 15%, and private equity’s risky $1.1 billion bet on hospice care.
