Volcano (Jimmy Buffett song) Volcano (Jimmy Buffett song) "Volcano" is a song performed by American popular music singer-songwriter Jimmy Buffett. It was written by Jimmy Buffett, Keith Sykes, and Harry Dailey and released as a single (b/w "Stranded on a Sandbar") on MCA 41161 in November 1979. It was first released on his 1979 album "Volcano". It reached #66 on the "Billboard" Hot 100 and #43 on the Easy Listening chart. This song was originally a minor hit. The song and album are named for the then-dormant Soufrière Hills volcano on the island of Montserrat in the British West Indies where Buffett recorded the
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