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: 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 Intelβs CEO, the millennial boss steering Schonfeldβs comeback, Big Tech employees backing Zohran Mamdani, and OpenAI shares trading at a premium.
Plus: The biggest mistake investors make, how to communicate like a leader, and how to be more approachable.
Plus: Harvard disclosed Bitcoin stake, Sweetgreen ends Ripple Fries after 23% stock drop, surprise gold tariffs sparking a new rally, and it's never been easier to become a billionaire.
Plus: GPT-5 launches, Firefly soars 34% in its IPO, Trump opens 401(k)s to private equity, carried interest makes its way to Abu Dhabi, and AI is reshaping seed-stage VC math.
Plus: Duolingo soared 19% after-hours, Carlyle reported a 12x jump in exits, Apple popped on news of its $100B U.S. investment, and Gowanus is becoming the next Williamsburg.
Plus: OpenAI hits $500B, Trump rejected by JPM and BofA, Wall Street bonuses expected to come in higher this year, and the new app replacing your name with your net worth.
Plus: Palantir crushed earnings, Musk not the only billion-dollar CEO, American Eagle up 24% after Trumpβs Sydney Sweeney post, and JPMβs charging bankers for gym access.
Plus: The rise of private markets, private equity poised for a rebound, and are investors complacent?
Plus: 40% of McKinseyβs revenue is now from AI, Swiss tariffs will raise Rolex prices, Goldman buying HaΜagen-Dazs, and how flying private became the ultimate wealth flex.
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.
