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: 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.
Plus: Nvidia invests $2 billion in Synopsys, Steve Cohen wins approval for casino near Mets stadium, Blackstone exits Vegas resorts, and Strategy in damage control after BTC sell-off.
Plus: Softbank's kamikaze bet on OpenAI, how to be more strategic, and why we always want more.
Plus: Record year for megadeals, SEC will investigate Jefferies over First Brand collapse, and why high schoolers are ditching the Ivy League for the SEC.
Plus: Campbell’s exec fired over rant about poor people, JPMorgan thinks S&P 500 could hit 8,000 (18% upside) next year, and why the era of “low-quality returns” is over.
Plus: Nvidia drops questionable "I’m not Enron" memo, State Street roasts JPMorgan's biggest ETF in email to clients, and macro traders on track for biggest haul in 16 years.
Plus: Stocks soared thanks to Google's rally, Larry Page becomes 2nd richest in the world, Ray Dalio thinks pod model won’t last, and Burry launches a paid newsletter.
Plus: The economics of AI scale, mastering the markets, and the world's oldest asset.
Plus: Eli Lilly joins $1T club, private equity firms are flooding the junk-debt market to pay themselves, and more buyout pros are debating leaving the industry.
Plus: S&P 500 has biggest reversal since April, Bitcoin in free fall, Ray Dalio warns of bubble fears, and KKR raises a new fund.
