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