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: Databricks hits $134B as AI money pours in, oil crashes below $55, and JPMorgan lets clients borrow against luxury cars.
Plus: ‘Slop’ is 2025’s word of the year, McKinsey is cooked, Tesla pops on robotaxi demo, Ford takes a $19.5B EV hit, and JPM launches a blockchain money-market fund.
Plus: Cannabis stocks jump on Trump news, JPMorgan to hand out $1,000 to low paid employees, OpenAI ends equity vesting, and Wall Street goes old school.
Plus: Oracle tanks, Disney bets $1B on OpenAI, and home prices turn negative for the first time since 2023.
Plus: Bezos vs. Musk shifts to space data centers, Marc Rowan sees market makers coming for private credit, Oracle burns $10B on AI, PE leans on secondaries to avoid a crash.
Plus: Goldman’s CFO says PE deal boom is finally here, JPM down 5% after more than expected costs, and private credit is starting to look a lot like the bond market.
Plus: Warner Bros. battle heats up, Trump weighs in, Apollo backs Wrexham, IBM’s $11B AI deal, and 287 new billionaires + record number of millionaires minted this year.
Plus: 2026 gold outlook, investing in bitcoin, and the big beautiful rally.
Plus: Bitcoin decouples from stocks, silver prices have doubled, China’s Nvidia rival up 425%, KKR pushes deeper into sports, and Dimon says Europe has "a real problem."
Plus: Meta pops on Metaverse unit cuts, PE exec David Gentile released after just 12 days served, and Jane Street books a windfall tied to a massive Anthropic bet.
Plus: Dollar Tree is winning wealthy customers over, Capital Group will enter private assets, and HSBC gunning to become a top five global bank.
Plus: Sam Altman declares “code red”, Trump crypto firm lost half its value in just 30 minutes, and the brothers who are co-heads of Goldman’s Latin America business.
