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: Google joins $3T club, Barclays' $1B office renovation, wealthy Americans driving a $200B structured products boom, and NYC buses run slower than Central Park joggers.
Plus: Jon Gray says new analysts need to βwork harderβ and be nice, StubHubβs IPO is reportedly 20x oversubscribed, and Cantor has doubled size of investment bank.
Plus: How to get rich, generational stock market cycle, and the snake chasing effect.
Plus: Opendoor moons 80%, record private equity firms turning into zombie funds, JPMorgan wants to build Londonβs largest office tower, and gold continues to soar.
Plus: Struggling hedge fund PMs the hottest new recruits on Wall Street, Elon dethroned as worldβs richest man, Klarnaβs successful IPO, and KKR, Blackstone's new Asian HQ.
Plus: Ellison could become richest man in the world after Oracle up ~30%, a new Ackman ETF, Cracker Barrel in hot water again, and Robinhood's new social media platform.
Plus: Robinhood on a generational run after joining S&P 500, KKRβs CFO is expecting PE consolidation, and the AI boom is leaving consultants behind.
Plus: The impact of AI on markets, pickleball and the bitcoin bull market.
Plus: Wellington Management wants you to know who they are, Elonβs trillion-dollar comp package, the ultra-wealthy flocking to Italy, and why βThe Great Lock-Inβ is trending.
Plus: Carlyle raises $20B for secondary stakes, Kelce bros beer company hits $200M, Lulu down bad, and Goldman warns Gold could hit $5K if Fed independence compromised.
Plus: American Eagle pops 25% thanks to Sydney Sweeney, bankers are bracing for the busiest IPO week of the year, and former Jefferies exec launches own investment bank.
Plus: Anthropicβs valuation hits $183B, Google rallies 8% after clearing a key antitrust hurdle, Apollo launches a $5B sports fund, and a16z to back ultra-early-stage founders.
