Orlando Gemes: Why 80% of Hedge Funds Fail

In this episode of The Blunt Dollar, I sit down with Orlando Gemes, Founding Partner and CIO of Fourier Asset Management, a credit hedge fund focused on uncovering repeatable alpha through a highly data-driven approach to convertible arbitrage. Orlando’s background spans from fixed income at Deutsche Bank to leading structured credit at Hermes and running his own shop at Fairwater Capital. Now, he’s building something truly unique with Farrier.We talk about what makes convertibles so compelling, how he’s assembling a PhD-led quant team from scratch, and what it really takes to launch an emerging hedge fund without the usual pedigree or seed backers.🔍 Why convertibles are one of the best risk-adjusted investing opportunities out there🧠 How Orlando leverages STEM talent, data analysis, and quantitative trading models to find an edge📉 The brutal realities of liquidity risk in credit markets🏗️ What it’s like to build a hedge fund from scratch, with no shortcuts or safety nets📚 Orlando’s advice to young professionals: read everything, get mentors, stay curious about finance and financial educationIf you’re into investing, money management, or just want an honest look at what it takes to go from idea to fund launch, this one's for you.Oh, and if you haven't already... subscribe to The Blunt Dollar for more raw and honest finance conversations.New episodes drop every other week! Available on Spotify, Apple Podcasts, and wherever you get your podcasts.And last, but not least, don't forget to follow me on LinkedIn: https://www.linkedin.com/in/ignacio-ramirez-moreno-cfa/Enjoy the episode!Disclaimer: This podcast is for informational and educational purposes only. It does not constitute financial, investment, or legal advice. Listeners should consult a qualified financial professional before making any financial decisions.