Soufrière Hills flows down several sides of the mountain, and on 11 February 2010, a partial collapse of the lava dome sent large ash clouds over sections of several nearby islands including Guadeloupe and Antigua. Inhabited areas of Montserrat itself received very little ash accumulation through either event. Soufrière Hills The Soufrière Hills volcano is an active, complex stratovolcano with many lava domes forming its summit, on the Caribbean island of Montserrat. Many volcanoes in the Caribbean are named Soufrière (French: "sulphur outlet"). These include La Soufrière or Soufrière Saint Vincent on the island of Saint Vincent and La Grande Soufrière on
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