Sturge Park 1993/94 Red Stripe Cup. The previous year, it had held a List A match between the Leeward Islands and Barbados in the 1992/93 Geddes Grant Shield. Unknowingly at the time, these would be the last major matches to be played there. Beginning in 1995, the Soufrière Hills volcano on the island began to erupt, causing great damage to large parts of the island. Cricket continued to be played at Sturge Park until 1997, with the last fixture seeing Montserrat play a minor match against Antigua and Barbuda in May. In June 1997, a major eruption of the volcano destroyed Plymouth
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