Music for Montserrat Perkins, this was his last major live performance; he died just over four months later on 19 January 1998. Music for Montserrat Music For Montserrat was a benefit concert held on 15 September 1997 at the Royal Albert Hall. Musicians came together to raise funds for the Caribbean island of Montserrat after a major volcanic eruption by the Soufrière Hills volcano earlier that year left the island, including its capital of Plymouth, devastated. The concert starred musicians such as Phil Collins, Ray Cooper, Carl Perkins, Jimmy Buffett, Mark Knopfler, Sting, Elton John, Eric Clapton, Paul McCartney, Midge Ure, Arrow and
Long-Term Capital Management September, LTCM's equity tumbled from $2.3 billion at the start of the month to just $400 million by September 25. With liabilities still over $100 billion, this translated to an effective leverage ratio of more than 250-to-1. Long-Term Capital Management did business with nearly every important person on Wall Street. Indeed, much of LTCM's capital was composed of funds from the same financial professionals with whom it traded. As LTCM teetered, Wall Street feared that Long-Term's failure could cause a chain reaction in numerous markets, causing catastrophic losses throughout the financial system. After LTCM failed to raise more money on