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: Amazon up 13% after blockbuster earnings, Palantir sues ex-employees for stealing company secrets, General Atlantic does a private credit deal, and Chipotle is cooked.
Plus: Fed cut 25bps, Meta dropped 8%, Nvidia joined $5T club, Target Zoom call mishap, Fiserv cratered after slashing guidance, and a trader bet $21M on a 30% SPY rally in 2026.
Plus: Snowflake CRO drops unapproved guidance in a street interview, Companies trying to grow without hiring, the case against bonds, and microshifting the future of work.
Don't talk to strangers on the street...
Plus: Evercore's secondaries team on a generational run, China bans influencers without diplomas, Solomon says AI won’t be a job killer, and KDP raising $7B from Apollo and KKR.
Plus: Tiny gains and massive results, bubble warning, and how to manage up.
Plus: Bessent is a soybean farmer, Blackstone becomes largest shareholder in India's Federal Bank, stocks hit fresh highs, and record $38B debt sale for data centers.
Plus: Trump pardoned CZ, Goldman nearing $1B deal to buy talent agency Excel Sports, BX credit AUM hit $500B, and quantum stocks jumped after government stake rumors.
Plus: Jamie Dimon portrait picked for National Portrait Gallery, Meta laying off 600 AI staff, Tesla missed earnings, and companies with negative earnings outperforming positive ones.
Plus: Beyond Meat soared 146% after being added to a meme-stock ETF, Travis Kelce is now an activist investor, and Blackstone and TPG take Hologic private for $18B.
Plus: Global IPO trends, the winner's curse, and soldier of fortune.
Plus: Jury says BNP Paribas helped fund Sudan’s genocide, water is a fine dining experience now, and women-focused wellness resorts are the next big thing.
