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 of Union Bank of Switzerland resigned as a result of a $780 million loss incurred from the short put option on LTCM, which had become very significantly in the money due to its collapse. 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