American University of the Caribbean of Texas) to help place AUC in their temporary Campus. Classes started again on 17 October 1989 for 3 semesters before returning to Montserrat. The Montserrat campus was rebuilt and AUC reopened it for classes in September 1990. Long thought to be dormant, the Soufrière Hills volcano on Montserrat erupted on 18 July 1995, rendering much of the island uninhabitable, including the entire city of Plymouth. Students and faculty were evacuated, and the campus was buried under volcanic ash. AUC reopened its operations in September 1995. 250 students were sent to a temporary location in Belize and 280 students were
Long-Term Capital Management Myron S. Scholes and Robert C. Merton. Other principals included Eric Rosenfeld, Greg Hawkins, William Krasker, Dick Leahy, James McEntee, Robert Shustak, and David W. Mullins Jr. The company consisted of Long-Term Capital Management (LTCM), a company incorporated in Delaware but based in Greenwich, Connecticut. LTCM managed trades in Long-Term Capital Portfolio LP, a partnership registered in the Cayman Islands. The fund's operation was designed to have extremely low overhead; trades were conducted through a partnership with Bear Stearns and client relations were handled by Merrill Lynch. Meriwether chose to start a hedge fund to avoid the financial regulation imposed