ClearMomentum appoints president and CEO
ClearMomentum, a provider of private equity portfolio management software, has appointed Dan Dykens as the company's new president and chief executive.
With nearly two decades of experience in the financial technology and hedge fund industries, Dykens (pictured) replaces ClearMomentum founder and CEO John Grabski, who will continue to serve as the company's chairman of the board.
"After searching for nearly two years for a CEO candidate with deep domain expertise, leadership skills and a passion for customer service, we successfully engaged with one of the most talented CEOs in the industry," says Grabski. "We could not be more pleased with having Dan on board to take ClearMomentum to the next level."
"I'm excited to have an opportunity to lead the company with the strongest technology in this marketplace," says Dykens. "I look forward to strengthening our infrastructure, leadership team and balance sheet to help support our strong growth and solidify a dominate market position."
Prior to ClearMomentum, Dykens was the founder and president of Meet the Street, a technology company which served as an online matching platform to electronically schedule meetings between institutional investors and corporate executives to economise the investment roadshow process (acquired by Instinet). He also spent four years as CEO of research management software provider Norbury Financial Systems.
Earlier in his career, Dykens spent a decade on the buy side as a trader, analyst and portfolio manager. He was the managing partner and co-founder of Boston-based long/short US equity hedge fund Clipper Capital Management. At Clipper, Dykens produced risk-adjusted rates of return that were in the top decile across all hedge fund strategies and was named as a rising hedge fund star by Institutional Investor. Dykens was also named to the Boston Business Journal's "40 Under 40" in 2007.
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