Montserrat of Montserrat is approximately east-southeast of Puerto Rico and southwest of Antigua. The island lies north-northwest of Suriname and French Guiana (France). It comprises and is gradually increasing owing to the buildup of volcanic deposits on the southeast coast. The island is long and wide, with rock cliffs rising above the sea and a number of smooth bottomed sandy beaches scattered among coves on the western (Caribbean) side of the island. Montserrat has two islets, Virgin and Statue Rock. In July 1995, Montserrat's Soufrière Hills volcano, dormant for centuries, erupted and soon buried the island's capital, Plymouth, in more than
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