James Matthews, the husband of Pippa Middleton, saw profits at Eden Rock Capital Management, his London hedge fund, sink by almost a quarter last year.

Mayfair-based Eden Rock reported a pre-tax profit of £1.2m for 2018, a fall of around 23% year on year, according to accounts filed at Companies House late last month. Although steep, this was less pronounced than the 46% slump in profits recorded in 2017.