Associated Independent Recording ones. The studios contained two Bösendorfer pianos, many soundproof booths, and a 56-channel mixing console, custom-designed by Neve to AIR's specification. The company built another recording studio on the Caribbean island of Montserrat in the mid 1970s. In 1986, the facility was described as such: Jimmy Buffett recorded "Volcano" at the Montserrat studio in May 1979, naming the album and its title song for the then dormant Soufrière Hills volcano on the island. Elton John recorded three albums at the Montserrat studio in the 1980s. Dire Straits recorded their successful "Brothers in Arms" album between 1984 and 1985. Other artists
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