Caribbean Disaster Emergency Management Agency passage of Hurricane Ivan. During the mid-1990s, the sudden eruption by the Soufriere Hills volcano in Montserrat also caused the CDEMA to spring into action, to provide additional support to the people on the island. The Caribbean Disaster Emergency Response Agency (CDEMA) also regularly monitors the Soufriere Hills volcano, in addition to the active undersea volcano named Kick 'em Jenny to the north of Grenada. Members of the Regional Security System have requested military and logistical assistance through that agreement after natural disasters as well. Towards the end of the twentieth century, severe weather had been increasing, especially in the
Long-Term Capital Management 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 Suisse First Boston, Deutsche Bank, Goldman Sachs, JP Morgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, Paribas, Salomon Smith Barney, Société Générale, and UBS—for a $3.6 billion recapitalization (bailout) under the supervision of the Federal