Web's Best – November 2016
The Banker's Christmas Wish List
An $11,950 backgammon set, a $250,000 artwork by French expressionist Bernard Buffet, or a $500 pillow? Satirical website «Goldman Sachs Elevator» once again unveils top gift picks for the banker in your life – from affordable to literally priceless. – Business Insider / November 30
How a Cheating Husband Hid $400 Million
Just how much is Internet ad tycoon Robert Oesterlund worth? His wife and an army of lawyers, accountants, and tax planners went on a multi-year spy trek from Canada, Florida, the French Riviera and the Bahamas to find out. – New York Times / November 30
The Banker Betting on the Return of Investment Banking
As Europe's financial firms slash their investment banking departments, one banker has taken a contrarian bet on the return on trading and other riskier activities. How Barclays has doubled down on investment banking under former UBS board member Jes Staley. – Financial Times / November 29
The Super-Rich Who Lost Money on a Secretive Biotech
Several high-profile wealthy investors lost money on blood-testing firm Theranos, which is at the center of a criminal probe over potentially misleading investors and regulators about its technology. Among them: Rupert Murdoch. – The Wall Street Journal / November 28
Inside the World's Most Secretive Hedge Fund
How does Medallion, an intensely secretive hedge fund, crank out annualized returns of almost 80 percent per year before fees? A look behind the $55 billion money-making machine founded by a former defense codebreaker turned MIT and Harvard professor and trader. – Bloomberg / November 21
Hedge Funds: Champagne Tastes on a Beer Budget
Brought down to earth by poor returns, hedge funds are looking at dialing back their once-lavish staff perks much as in-house meals and travel perks. Others haven't gotten the memo and are still splashing out on expensive resort trips and perks like boot camps, same-day gym laundry services, game rooms, and nap pods. A look at the most generous perks. – Reuters / November 21
The Key to Understanding Rich People? Their Servants
Private bankers who earn the trust of the wealthy must understand their social norms. With the world's wealthiest increasingly coming from Asia, Africa and the Middle East, navigating fortunes requires a mastery of culture. A look behind the scenes at the private bankers to the world's wealthiest. – Aeon / November 21
How UBP Wants to Turn Asian Conviction into Reality
Following Union Bancaire Privee's (UBP) integration of Coutts' international business, Michel Longhini and Michael Blake share a clear vision for how the Swiss-based firm can take advantage of Asia's potential - when many of its peers are floundering. – November 17 / Hubbis
Around the World in Luxury – for $400
A Houston attorney indulged in a luxurious round-the-world trip to Tokyo, Cape Town, South Africa, Dubai, and Singapore, flying first class and staying in five-star hotels – for just $400. How did he do it? – Business Insider / November 10
A Chinese Small-Cap's Trump Surge
While Donald Trump was racking up enough electoral votes to win the U.S. presidency, an obscure Chinese small-cap software and heavy equipment maker with no ties to the real estate tycoon saw its shares surge. A look at why. – Bloomberg / November 9
1MDB Hits Singapore Like a Freight Train
Already wrestling with tax amnesties by neighboring countries like Indonesia, Singapore has been hit like a freight train by the 1MDB scandal. The city-state's regulator has to down hard on the industry that it relies on for economic growth. – Euromoney / November 2
The Super-Rich Kids Who Want to Save the World
Rockefeller, Pritzger – growing group of investors and heirs to vast wealth want their money not just to generate returns but to make a difference while doing so. A look at the super-rich kids who have devoted themselves to impact investing. – Institutional Investor / November 2








