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: All United flights are getting Starlink by spring, Microsoft will spend $80B on AI data centers, Rivian met 2024 vehicle production target, and Amazon's NFL bet is paying off.
Interest rates higher for longer has important implications for private markets.
Plus: Hindenburg started 2025 with a bang, calling Carvana "A Father-Son Accounting Grift For The Ages" and NYC singles say it takes $1,000 to tell if you actually like someone.
Plus: S&P 500 posted back-to-back 20% gains (all banks got it wildly wrong), NY congestion pricing begins Sunday, and 2025 will be the year of the office influencer.
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.
