Mervyn Hughes qualified as a Chartered Accountant with Price Waterhouse after graduating in 1990 from Southampton University with a degree in Business Economics and Accountancy. In 1994 he moved to Bermuda and joined International Fund Administration where he helped build a new hedge fund administration business. In February 1997 he joined Park Place Capital, where he was approached by Philip Newman and Michele Ragazzi to help set up Newman Ragazzi & Co Ltd. In January 1998 he left Park Place and became a director and COO of Newman Ragazzi. After 9 years he helped merge the firm with Odey Asset Management LLP where he worked for a short period, leaving in September 2007. During the summer of 2007 he was approached to set up a new asset management business and in October 2007 he was a founding partner in Belvedere Investment Partners LLP. Mervyn resigned from Belvedere Investment Partners LLP in March 2009 and together with Ari Epstein formed Berkeley Asset Management LLP to run non-investment grade credit strategies.