Geography of Montserrat Geography of Montserrat Montserrat is an island in the Caribbean Sea, in the Leeward Islands. Its nearest neighbours in the island chain include Guadeloupe to the south-east, Antigua to the north-east and Nevis to the north-west. The island is 16 km (9.9 mi) long and 11 km (6.8 mi) wide, with a coastline of about 40 km. The island is volcanic and largely mountainous. The Soufrière Hills volcano became active in 1995, causing widespread devastation, including the destruction of the capital and formerly largest settlement on the island, Plymouth. The southern part of the island is now uninhabitable and human
Long-Term Capital Management 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 Suisse First Boston, Deutsche Bank, Goldman Sachs, JP Morgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, Paribas, Salomon Smith Barney, Société Générale, and UBS—for a $3.6 billion recapitalization (bailout) under the supervision of the Federal