Montserrat national football team competition in the next stage, losing 0–20 on aggregate over two legs against Saint Vincent and the Grenadines. Soon afterwards, the Soufriere Hills volcano became active and the eruptions destroyed Plymouth, the capital of Montserrat, severely disrupting all football on the island. Despite the lack of football action, the MFA became a full FIFA member in 1996. However, it was a further three years until the Montserrat team played another international fixture. This was mostly because many of the island's footballers had emigrated away from the area, many of them to England. After a four-year hiatus, the team entered 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