Brades Brades Brades (also Brades Estate) is a town and the "de facto" capital of Montserrat since 1998 with an approximate population of 1,000. The official capital of Montserrat at Plymouth in the south of the island was abandoned in 1997 after it was buried by the eruption of the Soufriere Hills volcano. Interim government buildings have since been built at Brades, becoming the new capital in 1998. The move was initially intended to be temporary, but it has remained the island's "de facto" capital ever since. Several names have been suggested for the new official capital now being constructed in
Long-Term Capital Management Myron S. Scholes and Robert C. Merton. Other principals included Eric Rosenfeld, Greg Hawkins, William Krasker, Dick Leahy, James McEntee, Robert Shustak, and David W. Mullins Jr. The company consisted of Long-Term Capital Management (LTCM), a company incorporated in Delaware but based in Greenwich, Connecticut. LTCM managed trades in Long-Term Capital Portfolio LP, a partnership registered in the Cayman Islands. The fund's operation was designed to have extremely low overhead; trades were conducted through a partnership with Bear Stearns and client relations were handled by Merrill Lynch. Meriwether chose to start a hedge fund to avoid the financial regulation imposed