Four Panagram Traders Exit to Start Credit Shop Reckoner Capital

John E. Kim, the former chief executive officer of Panagram Structured Asset Management, is launching a new credit manager with backing from investment firm RedBird Capital Partners, according to people with knowledge of the matter.

The new firm will be called Reckoner Capital Management. Kim is being joined by former Panagram colleagues including Ricky Li and Timothy Wickstrom, who will also be co-founders, as well as Cindy Wu, said the people, who asked not to be named because they’re not authorized to speak publicly.

Reckoner will focus on liquid credit markets and has ambitions to ...