HARM
HARM definition - finance
Jargon
used to refer to a group of boutique investment banks that were dominant in
technology underwriting during the 1980s and 1990s, before many larger banks,
such as Goldman Sachs and Morgan Stanley, began to actively seek business in
the market. The HARM group was Hambrecht & Quist Inc., Alex.Brown &
Sons Inc., Robertson Stephens, and Montgomery Securities Inc. All of the four
have since been sold to commercial banks, with Robertson Stephens being shut
down in July 2002.
Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
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