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: Jury says BNP Paribas helped fund Sudanβs genocide, water is a fine dining experience now, and women-focused wellness resorts are the next big thing.
Plus: MetaβBlue Owl in record $30B deal, Gucci owner offloads beauty arm to LβOreΜal for $4.7B, AI drives up SF rent, and bankers complain about cramped spaces in JPM's new HQ.
Plus: US banks rake in massive fees from Chinese IPOs, Chobani valued at $20 billion, tech companies building their own power plants, and Bitcoin falls as investors flock to Gold.
Plus: MANGO is the new FAANG, KKR bullish on private jets, and the cold war between banks and private credit just turned hot after Dimon's "cockroach" jab.
Plus: Oura hit an $11 billion valuation, Papa Johnβs ripping on Apollo take-private report, Goldman warns of more AI-driven job cuts, and Brooklyn Mirage will be demolished.
Plus: First Brands CEO resigns while Jefferies says reaction was overblown, Goldman buys a VC firm, silver keeps mooning, and Broadcom has a 10% day on yet another OpenAI deal.
Plus: 2025 equity outlook, the $10K framework and VC mania for AI.
Plus: The finance nerd who might be college footballβs next breakout quarterback, JPM requiring biometric scans at new HQ and Citi says buy the Oracle dip (sees ~40% upside).
Plus: Attending a wedding now costs as much as a monthβs rent, Dimon worried about market correction, animal spirits back in M&A, and Nvidia and Silver keep mooning.
Plus: Ozempic is officially a household item (now available at Costco), Stanford gets $50M gift from former player, and investors pouring into dollar alternatives like Gold and Bitcoin.
Plus: Gold hits $4,000 with no end in sight to rally, Carlyle dropped its own job report, Deloitte caught using AI, and Trilogy Metals jumped over 200% after the U.S. took a stake.
Plus: M&A creates Americaβs ninth-largest bank, the Ferrari-loving trader who burned Wall Street with an 11,000-to-1 bond bet, and Bill Ackman says heβs βuncancelableβ
