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: Nasdaq down 10.4% in Q1, OpenAI is worth $300B after $40B round, Blackrock CEO plays therapist in annual letter, and Harvard could lose $9B in federal funding.
Plus: European stocks are crushing U.S. ones, Gold hit $3,100, recession odds up to 35%, Musk calls Tesla slump “buying opportunity,” and real estate funds took a record 21.8 months to close.
There are signs of softening global growth prospects.
Plus: Tesla wins Trump's auto tariffs, Elon to wrap up $1T in cuts by May, Nikola founder Trevor Milton claims pardon by Trump, a rare egg M&A & P. Manning's $750M valuation.
Plus: Dollar Tree is breaking up, UPS dropped a tariffs calculator, OpenAI revenue to hit $12.7B, Citadel roasted a former employee, and Amazon snagged LeBron's podcast.
We break it down...
Plus: GameStop popped 14% on Bitcoin news, Cathie Wood issued a $2,600 Tesla price target, Trump launched a stablecoin, and eToro filed for an IPO.
Plus: Deals and IPOs are back on, Houthi group chat leaked, Blackstone’s Jon Gray warns against knee-jerk reactions to tariffs, and designer handbags are the next hot investment.
Plus: JPMorgan rebrands diversity program, StubHub filed for an IPO, some investors think we’re in dot-com bubble 2.0, and why you may want to increase your exposure to bonds.
Luck plays such a big role in the world. But few people want to talk about it.
Plus: Boston Celtics sold for a record $6.1B, Accenture rattled by Trump cuts, DoorDash debuted “eat now, pay later”, Lutnick plugged Tesla, and Citi upped its gold target.
Plus: The investors who made 200x on Wiz, Fed holds rates steady, UBS client’s wife leaves with their wealth adviser, and filmmaker gets charged for scamming Netflix.
