Caribbean Plate a subduction zone, the Lesser Antilles subduction zone, where oceanic crust of the South American Plate is being subducted under the Caribbean Plate. Subduction forms the volcanic islands of the Lesser Antilles Volcanic Arc from the Virgin Islands in the north to the islands off the coast of Venezuela in the south. This boundary contains seventeen active volcanoes, most notably Soufriere Hills on Montserrat; Mount Pelée on Martinique; La Grande Soufrière on Guadeloupe; Soufrière Saint Vincent on Saint Vincent; and the submarine volcano Kick 'em Jenny which lies about 10 km north of Grenada. Large historical earthquakes in 1839 and
Long-Term Capital Management of Union Bank of Switzerland resigned as a result of a $780 million loss incurred from the short put option on LTCM, which had become very significantly in the money due to its collapse. Long-Term Capital Management Long-Term Capital Management L.P. (LTCM) was a hedge fund management firm based in Greenwich, Connecticut that used absolute-return trading strategies combined with high financial leverage. The firm's master hedge fund, Long-Term Capital Portfolio L.P., collapsed in the late 1990s, leading to an agreement on September 23, 1998, among 16 financial institutions—which included Bankers Trust, Barclays, Bear Stearns, Chase Manhattan Bank, Crédit Agricole, Credit