Calyx spins out purely Islamic investment firm

May 18, 2009

Codexa Capital has been established to develop sharia-compliant product, while orthodox absolute-return business is retained in another entity.

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.

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