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: Oura hit an $11 billion valuation, Papa John’s 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 football’s 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 month’s 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 America’s ninth-largest bank, the Ferrari-loving trader who burned Wall Street with an 11,000-to-1 bond bet, and Bill Ackman says he’s “uncancelable”
Plus: 2025 equity outlook, billionaires and their megayachts, and are we running out of people?
Plus: BlackRock’s $40B AI deal, David Solomon warning of stock “drawdown" in the next year or two, Gold & Bitcoin both hit record highs, and Diddy wants to drop an AI platform.
Plus: Bridgewater on track for best year since 2010, Steve Schwarzman feuding with British neighbors, and a deep dive on the mysterious Jane Street billionaire.
Plus: Elon Musk is halfway to becoming the world’s first trillionaire, OpenAI is now worth as much as him with a $500B valuation, and Poland is offering €2,000 baby bonuses.
