Montserratians in the United Kingdom including its capital city, Plymouth. The volcano later continued to erupt over the following years, and ultimately two thirds of Montserrat's population left the island. The UK immediately offered assistance, and began to welcome large numbers of refugees from the island. The people of Montserrat were granted full residency rights in the UK in 1998, and citizenship was granted four years later. According to the 2001 UK Census 7,983 Montserratian-born people were residing in the UK (almost twice the population of Montserrat itself). According to the 2011 UK Census, there were 7,250 Montserratian-born residents in England, 20 in Wales, and
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