Montserrat Volcano Observatory with scientists in the United Kingdom, Montserrat, Italy and Iceland during fieldwork seasons. It listed the Montserrat case among other recent and historical eruptions that had an influence on volcanology as a science. Montserrat Volcano Observatory The Montserrat Volcano Observatory (MVO) is a volcano observatory which is located on the Caribbean island of Montserrat, where the Soufrière Hills volcano (SHV) has been actively erupting since 1995. The MVO staff describe their activities as working to reduce the impact of volcanic activity by monitoring, researching, educating, and advising. The MVO building is situated in the village of Flemmings, in the parish
Long-Term Capital Management invested in other derivatives such as equity options. Under prevailing US tax laws, there was a different treatment of long-term capital gains, which were taxed at 20.0 percent, and income, which was taxed at 39.6 percent. The earnings for partners in a hedge fund was taxed at the higher rate applying to income, and LTCM applied its financial engineering expertise to legally transform income into capital gains. It did so by engaging in a transaction with UBS (Union Bank of Switzerland) that would defer foreign interest income for seven years, thereby being able to earn the more favourable capital gains