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: Economic anxiety is on the rise, 60% of CEOs now expect a recession, Carmaker stocks rose, chip tariffs coming next week, and Starbucks tightens dress code.
Plus: Activist nuns target corporate America, Tariff U-turn on electronics, Harvard faculty sue Trump admin, Jamie Dimon is sounding the alarm on S&P 500 earnings.
We calculate the ROI of our investments but what about the ROI of our happiness?
Plus: China slaps 125% retaliatory tariffs, Prada buys Versace, PWP CEO made $27M, Bill Ackman is down bad, and Apple flew in 600 tons of iPhones before tariffs kick in.
Plus: Goldman walks back recession call in 73 minutes, Delta pulls guidance, a16z eyes $20B AI fund, and Google pays AI engineers to sit out.
Plus: Goldman says bear market could be short-lived, 104% tariffs on China wreck markets, Elon calls Trump trade adviser a 'moron', and Jamie Dimon wants no texting in meetings.
Plus: Senior partners are leaving their VC firms in droves, investment banks cutting headcount, and Americans could lose $3,800 from tariffs.
Plus: Trump doubles down on tariff stance, Musk breaks with the administration over tariffs, Jay Powell says inflation will go up, and StubHub and Klarna will delay IPOs.
Investors could have generated approximately three times more wealth by investing in private equity versus the public markets.
Plus: Oracle, Blackstone, and a16z nearing TikTok deal, RH CEO curses in earnings call hot mic, and Hershey to buy healthier snacks maker LesserEvil for $750 million.
Plus: Tesla's worst quarter since 2022, Amazon bid for TikTok, Ben & Jerry's asks to be 'set free,' Grubhub is reviving Seamless, and Goldman bringing PE deals to wealthy individuals.
Plus: Newsmax moons over 2,000%, there are now 3,000 billionaires in the world, and Hooters blames private equity for bankruptcy.
