Geography of Montserrat Geography of Montserrat Montserrat is an island in the Caribbean Sea, in the Leeward Islands. Its nearest neighbours in the island chain include Guadeloupe to the south-east, Antigua to the north-east and Nevis to the north-west. The island is 16 km (9.9 mi) long and 11 km (6.8 mi) wide, with a coastline of about 40 km. The island is volcanic and largely mountainous. The Soufrière Hills volcano became active in 1995, causing widespread devastation, including the destruction of the capital and formerly largest settlement on the island, Plymouth. The southern part of the island is now uninhabitable and human
Long-Term Capital Management on more traditional investment vehicles, such as mutual funds, as established by the Investment Company Act of 1940—funds which accepted stakes from 100 or fewer individuals with more than $1 million in net worth each were exempt from most of the regulations that bound other investment companies. In late 1993, Meriwether approached several "high-net-worth individuals" in an effort to secure start-up capital for Long-Term Capital Management. With the help of Merrill Lynch, LTCM secured hundreds of millions of dollars from business owners, celebrities and even private university endowments and later the Italian central bank. The bulk of the money, however,