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: Is your business idea worth pursuing, thoughts on spending money, and the 5-hour rule.
Plus: Is it time to cash out of AI stocks? Mamdani’s failed 135-lb bench attempt, PE’s latest tricks to return cash to investors, and energy drinks are beating out coffee and soda.
Plus: Analysts lifting Nvidia price targets ahead of earnings, hedge fund heir donates to Mamdani, 2.5 million on Raya's waitlist, and Chipotle testing drone delivery in Dallas.
Plus: Teen prodigy leaving SpaceX to join Citadel, new Target CEO started out as an intern 22 years ago, Hertz will sell used cars on Amazon, and HF investors pushing back on fees.
Plus: Wall Street summer calm cracks, Labubu profit soaring thanks to Gen Z Americans, Eight Sleep raises $100M, Moelis exec exits to Jefferies, and Palantir rally comes to an end.
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.
