Radio Antilles Radio Antilles Radio Antilles was a radio station operated by the Antilles Radio Corporation which began broadcasting in 1963. It was located on the Caribbean island of Montserrat. The broadcast studios were located in the capital city of Plymouth, with the transmission site at O'Garro's on the southern slopes of the Soufriere Hills volcano near Morris. Deutsche Welle became a shareholder in 1972 and added some low-power shortwave transmitters at the O'Garro's site which came into service in 1978. Radio Antilles' transmitter site was badly damaged by Hurricane Hugo, rebuilt in 1992, and then shut down and abandoned at the
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