Hunting Elephants

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Hunting Elephants

The act or practice in which an investment banker convinces a client to buy a security beneficial to the investment bank's portfolio, whether or not it is beneficial to the client. The term does not imply illegality; that is, one generally can make the argument that the security benefits the client. However, the investment banker encourages his/her client to buy it primarily because of how it benefits the bank.
References in periodicals archive ?
The administration announced Wednesday that the remains of legally hunted elephants in Zimbabwe and Zambia can now be imported to the U.
For those who haven't hunted elephants, the big question is why would anyone wish to hunt an elephant?
Soldiers encamped in Mozambique's Gorongosa National Park, an area rich in flora and fauna, hunted elephants, zebras, Cape buffalo and other animals for food.
Indeed, rural Africans have traditionally hunted elephants and other game.
Until recently, Maasai men hunted elephants that killed people or their livestock.
Hunter started out shooting lions for their hides (a British pound each in Mombassa) and later hunted elephants for their ivory.