But his detractors point to the fact that he is too synonymous with the final days of the Clinton administration -- not quite fitting the change mantra on which Obama was elected -- and his current role as a managing director at hedge fund and private equity manager D.E. Shaw may not make him whiter than white in the eyes of the media , particularly given the hard time the alternative asset industry is likely to be in for from a Congress with a Democratic majority in the coming years .