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: America’s 2024 ETF boom, disgruntled Tesla investors sue Musk, Gronk agrees with Elon, and are multi-strat hedge funds dead?
Plus: Private credit is minting money for Wall Street, hedge funds are betting on a bank bull run in 2025, and the dollar is having its best year in a decade.
The role private equity plays in the sports ecosystem.
Plus: Kimmy K has stepped away from the PE firm she co-founded, Elon Musk defended immigration of high-skilled workers, and Netflix sets NFL Xmas streaming records.
Plus: Starbucks strike hit historic levels, Americans are cutting back on holiday gifts, and what it would cost to live like the ‘Home Alone’ family today.
Plus: VC firms are seeing higher partner turnover, Nissan and Honda's $58B merger, Container Store filed for bankruptcy, and Squid Game 2 drops on Dec 26.
Plus: Zelle sued for fraud, Goldman thinks pro teams are too expensive for billionaires, private credit market could hit $40T in 2030, and RFK Jr. spotted in jeans at NYC Equinox.
Cryptocurrencies may be well suited to trend-following approaches.
Plus: M&A volume hit $3T in 2024, Luigi Mangione was hit with a federal murder charge, facing death penalty, and Blackstone dropped a holiday video (country) banger.
Plus: Barclays boosting bonuses by 20%, Grammarly bought Coda, Americans under 40 are richer than ever and miserable, and you can call and text ChatGPT now.
Plus: Brace yourselves, rate cuts are coming today. Nissan and Honda are in merger talks, Databricks raised $10 billion in VC funding, and how much Elon is making from DOGE.
Plus: Nvidia enters correction territory, Fed expected to announce one final rate cut tomorrow, Bitcoin moons above $107k, and the inexpensive watch with Rolex DNA.
