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: Hedge funds had their worst month relative to the S&P in two decades, JPMorgan is cutting at the fastest pace since 2015, and the mayor of Como banned bikes after getting hit by one.
Plus: AI debt bubble, Situational Awareness blow up, and booms and busts lessons.
Plus: Anthropic is gearing up to match or beat SpaceX's record IPO, Ackman gave $400 million to brain research after a family health scare, and California pulled in $366 billion in venture funding.
Plus: A backflipping robot stock surged 600% in its market debut, national debt crossed $40 trillion, and Honey Deuce prices are not increasing this year.
Plus: Google bought bankrupt Spirit Airlines' emails for $10 million, UC offloaded PE stakes at a discount, and 25,000 New Yorkers are waiting to get their bodies scanned.
Plus: a16z under DOJ investigation, General Atlantic is going public, and Nvidia is backing a $105 billion data center in Ohio.
Plus: Luigi Mangione pretended to be an investor to gather intel on his target, Anthropic's revenue grew 14-fold in a single quarter, and OpenAI is losing talent ahead of its IPO.
Plus: Global equity outlook, crypto breadth report, and how to negotiate effectively.
Plus: Anthropic is heading toward a $2 trillion IPO valuation, potentially the largest software buyout in history, and a hedge fund divorce just became a $6 billion negotiation.
Plus: Africa is having a record funding year, Goldman buys ETF provider for $2.3B and Alex Cooper raises at a $500M valuation.
Plus: Apollo is bankrolling the Yankees, Bezos is buying into Liverpool, and CoreWeave doubled its revenue.
Plus: Ackman's janitor is a millionaire, Blackstone is buying into a struggling airline's loyalty program, and Zuckerberg wrote 6,500 words about AI.
