Douglas Johnson, New York-based principal at Calyx Financial, a hedge fund group that delved into the world of Islamic finance, has spun off sharia-compliant services into a new firm, Codexa Capital.
Codexa will serve as an Islamic finance brand, while Calyx Offshore has been restructured as a conventional hedge fund and private-equity manager and placement advisor.
Codexa's services will cover five functions, says Johnson: product development for Islamic investment funds, sukuk and other structured vehicles; capital introduction as intermediaries between issuers and ...