Music for Montserrat Music for Montserrat Music For Montserrat was a benefit concert held on 15 September 1997 at the Royal Albert Hall. Musicians came together to raise funds for the Caribbean island of Montserrat after a major volcanic eruption by the Soufrière Hills volcano earlier that year left the island, including its capital of Plymouth, devastated. The concert starred musicians such as Phil Collins, Ray Cooper, Carl Perkins, Jimmy Buffett, Mark Knopfler, Sting, Elton John, Eric Clapton, Paul McCartney, Midge Ure, Arrow and many more, all of whom had once recorded at the island's famous AIR Studios. A DVD was released with
Long-Term Capital Management 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 Suisse First Boston, Deutsche Bank, Goldman Sachs, JP Morgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, Paribas, Salomon Smith Barney, Société Générale, and UBS—for a $3.6 billion recapitalization (bailout) under the supervision of the Federal