Silver, Former Tiger Man, Quits Gov't. Post

Oct 7 2011 | 10:38am ET

Tiger Management veteran Jonathan Silver has resigned as head of a federal loan program that finds itself in hot water over a $535 million guarantee to bankrupt solar power company Solyndra.

Silver's exit was not directly related to the Solyndra matter, which Republicans have seized on to attack President Barack Obama. According to Energy Sec. Steven Chu, Silver had decided in July to leave the program at the end of last month.

Silver did not approve the loan to Solyndra, which came prior to his tenure. But he oversaw the guarantee as Solyndra slid towards bankruptcy, filing for it last month.

"Jonathan assembled and managed a truly outstanding team that has transformed the program into the world leader in financing innovative clean-energy projects," Chu said.

Silver worked at Tiger, serving on its committee, in the early 1990s, before joining the administration of President Bill Clinton.


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

Agecroft Partners: Hedge Fund Industry Assets to increase $250B by Summer 2016

Aug 11 2015 | 11:29am ET

Assets will continue to flow into the hedge fund industry despite long-standing...

 

Editor's Note