Scouting and Guiding in Montserrat affiliated Scout associations. Montserrat Scouts participate in numerous camps and events. Since the evacuation of much of the island, owing to an eruption of the previously dormant Soufriere Hills volcano that began on July 18, 1995, information from the area is difficult to obtain. Girlguiding Montserrat (formerly "Montserrat Girl Guide Association") is a Guiding organization in Montserrat. It is one of the nine branch associations of Girlguiding UK. It is represented by Girlguiding UK at World Association of Girl Guides and Girl Scouts (WAGGGS) level and Girlguiding UK's Chief Guide is also Chief Guide for Girlguiding Montserrat. Girlguiding Montserrat is
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