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: 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.
Plus: KKR renegotiating terms with LPs, Bullish rips 84% in IPO, Cava, Chipotle are in salad bowl recession, PwC monitoring office attendance, and US alcohol use hits 90-year low.
Plus: Elon and Altman beefing again, Perplexity wants to buy Chrome for $35B, Spirit Airlines & Kodak warn they may go out of business, and Cava down bad after earnings.
Plus: Trump backtracks on Intel’s CEO, the millennial boss steering Schonfeld’s comeback, Big Tech employees backing Zohran Mamdani, and OpenAI shares trading at a premium.
Plus: The biggest mistake investors make, how to communicate like a leader, and how to be more approachable.
Plus: Harvard disclosed Bitcoin stake, Sweetgreen ends Ripple Fries after 23% stock drop, surprise gold tariffs sparking a new rally, and it's never been easier to become a billionaire.
Plus: GPT-5 launches, Firefly soars 34% in its IPO, Trump opens 401(k)s to private equity, carried interest makes its way to Abu Dhabi, and AI is reshaping seed-stage VC math.
Plus: Duolingo soared 19% after-hours, Carlyle reported a 12x jump in exits, Apple popped on news of its $100B U.S. investment, and Gowanus is becoming the next Williamsburg.
Plus: OpenAI hits $500B, Trump rejected by JPM and BofA, Wall Street bonuses expected to come in higher this year, and the new app replacing your name with your net worth.
