Plymouth, Montserrat Plymouth, Montserrat Plymouth was the capital city of the island of Montserrat, an overseas territory of the United Kingdom located in the Leeward Island chain of the Lesser Antilles, West Indies. Constructed on historical lava deposits near the then-inactive Soufriere Hills volcano, the town was evacuated when the volcano resumed erupting in 1995. Plymouth was abandoned permanently in 1997 after it was burnt and mostly buried by a series of pyroclastic flows and lahars. For centuries, it had been the only port of entry to the island. Plymouth is still the "de jure" capital city of Montserrat, making it 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