Sturge Park 1993/94 Red Stripe Cup. The previous year, it had held a List A match between the Leeward Islands and Barbados in the 1992/93 Geddes Grant Shield. Unknowingly at the time, these would be the last major matches to be played there. Beginning in 1995, the Soufrière Hills volcano on the island began to erupt, causing great damage to large parts of the island. Cricket continued to be played at Sturge Park until 1997, with the last fixture seeing Montserrat play a minor match against Antigua and Barbuda in May. In June 1997, a major eruption of the volcano destroyed Plymouth
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