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: Elon Musk is halfway to becoming the world’s first trillionaire, OpenAI is now worth as much as him with a $500B valuation, and Poland is offering €2,000 baby bonuses.
Plus: Don't miss the end of year rally and is NVIDIA paying to sell its own chips?
Plus: Chamath's new SPAC is 5x oversubscribed according to him, Citi requiring workers to master AI-prompt writing, and Ken Griffin gets the green light for Midtown’s tallest tower.
Plus: JPMorgan’s $20 billion win over private credit, Forbes 30u30 alum gets seven years in prison for defrauding JPM, and Robinhood continues its generational run.
Plus: Largest ever LBO could be announced this week, Vista is underwriting debt for portcos and collecting fees, start-ups go shoeless, and Apple tests a ChatGPT-like app.
Plus: HSBC's big quantum breakthrough, TikTok US valued at $14 billion, KKR deploying a record $20B in Europe this year, and Blackstone weighing options for Ancestry.com.
Plus: Alibaba popped 8% on new AI model, Lithium Americas jumped 95% on potential govt stake, AI can now pass the toughest CFA, and Stripe valuation hit $106.7 billion.
Plus: KKR, Blackstone make $17B AI bets, Nvidia’s latest headache is sitting on too much cash, Tether's $500B valuation and OpenAI’s first data center is open in Texas.
Plus: A new meme stock dropped, Nvidia investing $100B in OpenAI, Oracle named two new co-CEOs and will control TikTok’s algo & marriage is fast turning into a luxury good.
Plus: $100K H-1B fee sparks confusion and panic, SMBC ups its stake in Jefferies to 20%, Dalio is bullish on gold, and is the lock-in season trend valuable or just hype?
Plus: The macro case for crypto, AI will not make you rich, and Ferrari status.
Plus: Cardlytics soared 93% after Citron Research used ChatGPT to tweet out a bullish call, and how Larry Ellison made $365 billion by breaking every wealth management rule.
