Montserrat Montserrat Montserrat () is a Caribbean island in the Leeward Islands, which is part of the chain known as the Lesser Antilles, in the West Indies. It is a British Overseas Territory (BOT). Montserrat measures approximately in length and in width, with approximately of coastline. Montserrat is nicknamed "The Emerald Isle of the Caribbean" both for its resemblance to coastal Ireland and for the Irish ancestry of many of its inhabitants. On 18 July 1995, the previously dormant Soufrière Hills volcano, in the southern part of the island, became active. Eruptions destroyed Montserrat's Georgian era capital city of Plymouth. Between
Long-Term Capital Management on more traditional investment vehicles, such as mutual funds, as established by the Investment Company Act of 1940—funds which accepted stakes from 100 or fewer individuals with more than $1 million in net worth each were exempt from most of the regulations that bound other investment companies. In late 1993, Meriwether approached several "high-net-worth individuals" in an effort to secure start-up capital for Long-Term Capital Management. With the help of Merrill Lynch, LTCM secured hundreds of millions of dollars from business owners, celebrities and even private university endowments and later the Italian central bank. The bulk of the money, however,