Montserrat national football team competition in the next stage, losing 0–20 on aggregate over two legs against Saint Vincent and the Grenadines. Soon afterwards, the Soufriere Hills volcano became active and the eruptions destroyed Plymouth, the capital of Montserrat, severely disrupting all football on the island. Despite the lack of football action, the MFA became a full FIFA member in 1996. However, it was a further three years until the Montserrat team played another international fixture. This was mostly because many of the island's footballers had emigrated away from the area, many of them to England. After a four-year hiatus, the team entered the
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,