Music for Montserrat Perkins, this was his last major live performance; he died just over four months later on 19 January 1998. Music for Montserrat Music For Montserrat was a benefit concert held on 15 September 1997 at the Royal Albert Hall. Musicians came together to raise funds for the Caribbean island of Montserrat after a major volcanic eruption by the Soufrière Hills volcano earlier that year left the island, including its capital of Plymouth, devastated. The concert starred musicians such as Phil Collins, Ray Cooper, Carl Perkins, Jimmy Buffett, Mark Knopfler, Sting, Elton John, Eric Clapton, Paul McCartney, Midge Ure, Arrow and
Long-Term Capital Management invested in other derivatives such as equity options. Under prevailing US tax laws, there was a different treatment of long-term capital gains, which were taxed at 20.0 percent, and income, which was taxed at 39.6 percent. The earnings for partners in a hedge fund was taxed at the higher rate applying to income, and LTCM applied its financial engineering expertise to legally transform income into capital gains. It did so by engaging in a transaction with UBS (Union Bank of Switzerland) that would defer foreign interest income for seven years, thereby being able to earn the more favourable capital gains