Brades in Brades include: Secondary students attend Montserrat Secondary School in Salem and sixth formers attend Montserrat Community College in Salem. 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
Long-Term Capital Management on more traditional investment vehicles, such as mutual funds, as established by the Investment Company Act of 1940—funds which accepted stakes from 100 or fewer individuals with more than $1 million in net worth each were exempt from most of the regulations that bound other investment companies. In late 1993, Meriwether approached several "high-net-worth individuals" in an effort to secure start-up capital for Long-Term Capital Management. With the help of Merrill Lynch, LTCM secured hundreds of millions of dollars from business owners, celebrities and even private university endowments and later the Italian central bank. The bulk of the money, however,