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: Stagflation primer, a Cathie Wood podcast, and how to negotiate a raise.
Plus: Futures fall after Iran strikes, Apollo circling Papa John’s, investors are piling into bonds, and GameStop dropped 22% after announcing plans to buy Bitcoin.
Plus: Moelis CEO pledges to end hazing, Meta offering $100M+ comp packages to poach AI talent, and Japan's finance hiring boom.
Plus: Zuck dropping $14B to poach Scale AI CEO, JPMorgan RTO mandate hurt morale, PE investing in college sports, and Scott Bessent for Fed chair?
A tribute to one of Wall Street's greats. Plus: $1,000 baby accounts for every newborn American, Barclays cutting IB jobs, and Zuck personally hiring ‘Superintelligence’ AI team.
Plus: Trump wants to replace Powell, Meta looking to invest $10B in Scale AI, CalPERS PE portfolio is booming, and Lululemon down bad after a historic rout.
Have you ever found yourself holding onto someone who couldn’t fully open up to you?
Plus: Trump and Elon's bromance goes nuclear, TSLA got rekt, Circle rose 168% in blockbuster IPO, Silver’s catching gold’s rally, and a VC is offsetting Trump's research cuts.
Plus: America's 560k new millionaires, JPMorgan will let clients borrow against crypto, and Thoma Bravo raises a massive $34.4B across three funds.
Plus: Nvidia reclaims world's most valuable company, PE's backlog nears 30,000 unsold companies, Wells Fargo allowed to grow again after scandal, and Temu down bad.
Plus: Subway-owner buys Dave's Hot Chicken for $1B, Equinox and SoulCycle sued for making it hard to cancel memberships, and are AI data centers the next bubble?
Plus: S&P 500 posts best month since 2023, 78% companies beat earnings, Zuck's made $1B in Meta dividends, and Jamie Dimon is sounding the alarm on the bond market.
