American University of the Caribbean of Education has determined that the commission’s accreditation standards are comparable to those applicable to U.S. medical schools. Founded by American educator Dr. Paul Tien in 1978, the main campus of the American University of the Caribbean was originally located on the island of Montserrat, but was forced to move to its present location in Sint Maarten after the eruption of the previously dormant Soufriere Hills volcano. While a medical campus was being constructed on Montserrat, AUC started conducting classes under its Montserrat charter in a rented space on the campus of the College of Mount St. Joseph in Cincinnati,
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