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: Reddit is mooning again, Apple beat, Amazon disappointed, and MSFT joined the $4T club, Trump slapped 35% tariffs on Canada, and Dimon and Trump squashed beef.
Plus: Microsoft and Meta fuel $500B gain in AI stocks, LPs have had enough of continuation vehicles, and Tariff deals bringing investors back into U.S. stocks.
Plus: Blackstone exec among those killed in Manhattan shooting, automation is coming for junior roles in PE, and OpenAI launched a Study Mode in ChatGPT.
Plus: New S&P bull target, 32% jump in Dubai investment firms, private credit bails out an Ivy, Carlyle’s succession shakeup, IPOs are back, and Dimon not happy with Plaid.
Plus: Mercedes-Benz puts Microsoft Teams in cars, Goldman pauses layoffs, Blackstone tops $1.2T AUM, and the 5¢ meme stock behind 15% of US trading volume.
Plus: Buffett's intangible moats, tech investor outlook, and 7 habits to end the day.
Plus: You can now Venmo the Treasury to pay off the national debt, Lazard CEO won’t make analysts sign affidavits, and Blackstone's IPO pipeline strongest since 2021.
Plus: The fastest company to hit $100M ARR, American Eagle up 28% after Sydney Sweeney ad, Google beat earnings, and Columbia to pay $200M to settle Trump fight.
Plus: Stocks are ripping but no one knows why, Goldman is starting to get worried about the economy, and SpaceX warning investors that Musk might jump back into politics.
Plus: Jerome Powell hit with a criminal referral, new Astronomer CEO finds silver lining in kiss cam fiasco, Blackstone backs out of TikTok bid, and Trump Media buys $2B in Bitcoin.
The 28-year-old MTS Health Partners associate was struck during an all-day golf tournament in New Jersey, highlighting the sudden dangers of summer storms.
Plus: Disgraced Astronomer CEO resigns, Wells Fargo suspends China travel after a top banker blocked from leaving, Dorsey's Block joins S&P 500, and Citi raiding JPM for talent.
