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: Canada Goose draws take-private interest, a niche arbitrage trade gaining traction, AI native grads making big bucks, and ByteDance surpasses Meta revenue, valued at $330B.
Plus: Nvidia earnings day, Cracker Barrel caves to Trump pressure, JPM backing hedge fund that sources ideas from freelance quants, T-Swift engagement and new Caitlin Clark logo.
Plus: U.S. eyeing more corporate stakes, hedge funds scored a win over SEC, Keurig buying Peet’s for $18 billion, and TPG facing scrutiny over its African hospital investments.
Plus: Is your business idea worth pursuing, thoughts on spending money, and the 5-hour rule.
Plus: Is it time to cash out of AI stocks? Mamdani’s failed 135-lb bench attempt, PE’s latest tricks to return cash to investors, and energy drinks are beating out coffee and soda.
Plus: Analysts lifting Nvidia price targets ahead of earnings, hedge fund heir donates to Mamdani, 2.5 million on Raya's waitlist, and Chipotle testing drone delivery in Dallas.
Plus: Teen prodigy leaving SpaceX to join Citadel, new Target CEO started out as an intern 22 years ago, Hertz will sell used cars on Amazon, and HF investors pushing back on fees.
Plus: Wall Street summer calm cracks, Labubu profit soaring thanks to Gen Z Americans, Eight Sleep raises $100M, Moelis exec exits to Jefferies, and Palantir rally comes to an end.
Plus: Citi’s raid on JPM bankers crosses double digits, Apollo pushing financial engineering boundaries, SPAC King returns, and foreigners are piling into U.S. real estate.
Plus: Can you become a millionaire in 10 years, global market outlook, and becoming a new manager.
Plus: Goldman’s new Dallas campus, founder suicides expose China’s deeper strains, Opendoor CEO out, and a startup turning NYC parking garages into clean energy hubs.
Plus: Buffett's mystery stock revealed, Trump weighing a government stake in Intel, Airbnb launches “Reserve Now, Pay Later," and private credit slump drags on.
