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: Ellison could become richest man in the world after Oracle up ~30%, a new Ackman ETF, Cracker Barrel in hot water again, and Robinhood's new social media platform.
Plus: Robinhood on a generational run after joining S&P 500, KKR’s CFO is expecting PE consolidation, and the AI boom is leaving consultants behind.
Plus: The impact of AI on markets, pickleball and the bitcoin bull market.
Plus: Wellington Management wants you to know who they are, Elon’s trillion-dollar comp package, the ultra-wealthy flocking to Italy, and why “The Great Lock-In” is trending.
Plus: Carlyle raises $20B for secondary stakes, Kelce bros beer company hits $200M, Lulu down bad, and Goldman warns Gold could hit $5K if Fed independence compromised.
Plus: American Eagle pops 25% thanks to Sydney Sweeney, bankers are bracing for the busiest IPO week of the year, and former Jefferies exec launches own investment bank.
Plus: Anthropic’s valuation hits $183B, Google rallies 8% after clearing a key antitrust hurdle, Apollo launches a $5B sports fund, and a16z to back ultra-early-stage founders.
Plus: Citi’s wealth boss denies making execs cry, JPM is poaching bankers at a record pace, Celsius is having a monster 2025, and the eternal debate, morning vs. evening workouts?
Plus: The stablecoin moment, private equity update, and how to become a leader.
Plus: Pod shops are looking more like banks, while old-school hedge fund strategies are staging a comeback, and Nvidia’s top two customers made up 39% of its Q2 revenue.
Plus: Canada Goose draws take-private interest, a niche arbitrage trade gaining traction, AI native grads making big bucks, and ByteDance surpasses Meta revenue, valued at $330B.
Plus: Nvidia earnings day, Cracker Barrel caves to Trump pressure, JPM backing hedge fund that sources ideas from freelance quants, T-Swift engagement and new Caitlin Clark logo.
