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: The pulse of private equity, hedge fund outlook, and why feeling poor makes the rich spend more.
Plus: Airtable went from $11.7 billion to $2.25 billion, SpaceX disappointed on its first earnings report, and Jefferies keeps finding new problems in the same fund.
Plus: JPMorgan is committing $750 billion to housing, Palantir's commercial revenue nearly tripled, and boomers are sitting on $1 trillion in unwanted art.
Plus: Musk lost $646 billion from his peak net worth, Jefferies keeps finding new private credit problems, and Ares just had its best fundraising quarter ever.
Plus: Jersey Mike's stumbles on IPO day, US economic growth slowed unexpectedly but Microsoft had its best day in nearly two decades.
Plus: The Fed held but three officials dissented, Anglo is offloading De Beers at a fraction of what it paid, and DoorDash is building its own drones.
Plus: Apple hit $5 trillion, a former Citi banker got 30 years, and nearly half of New York's bus riders aren't paying.
Plus: Lebron to commute to Philadelphia by helicopter, Nvidia backstop causes tech sell-off, Ares looking to buy Leonard Green, and Chirayu Rana is back with another lawsuit.
Plus: Anduril nearly doubled its valuation in months, Goldman's COO is fighting over trees at his $32 million estate, and KPMG is training interns at its $450 million facility.
Plus: Mapping the world's prices, next energy crisis, and is Pinduoduo the best investment?
Plus: Tesla just had its worst single-day market cap loss, peptides about to go more mainstream, and Substack is betting on humans.
Plus: OpenAI is building a $30 billion data center in Georgia, $348 billion is trapped in zombie funds, and Mediterranean yacht rentals are cratering.
