La Soufrière (volcano) on 13 April 1812 belongs to the Victoria Gallery & Museum, University of Liverpool. La Soufrière (volcano) La Soufrière (Vincentian Creole: "Soufray") ("The Sulfurer") or Soufrière Saint Vincent is an active volcano on the island of Saint Vincent in the Windward Islands of the Caribbean. Many volcanoes in the Caribbean are (French: "sulphur outlet"). These include Soufrière Hills on Montserrat and La Grande Soufrière on Guadeloupe, the subject of Werner Herzog's 1977 film "La Soufrière". At , La Soufrière is the highest peak on Saint Vincent as well as the highest point in the island country of Saint Vincent 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