Mount Pelée found adrift from the island, unconscious. The event marked the only major volcanic disaster in the history of France and its overseas territories. Mount Pelée is the result of a typical subduction zone. The subduction formed the Lesser Antilles island arc, a curved chain of volcanoes approximately in length, between Puerto Rico and Venezuela, where the Caribbean Plate meets Atlantic oceanic crust belonging to the South American Plate. Other volcanoes in the island arc are also known for their volcanic activity, including Saint Vincent's La Soufrière, Guadeloupe's La Grande Soufriere volcano, Montserrat's Soufrière Hills, and the submarine volcano Kick 'em
Long-Term Capital Management 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 Suisse First Boston, Deutsche Bank, Goldman Sachs, JP Morgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, Paribas, Salomon Smith Barney, Société Générale, and UBS—for a $3.6 billion recapitalization (bailout) under the supervision of the Federal