Alternative asset manager Gresham House has reported that it has grown its assets under management by 17 percent in the six months to 30 June.

The firm’s AUM hit £3.3 billion by the end of reporting period, an increase of £467 million compared to 31 December 2019.

Gresham House added in its report to the market that it has maintained a strong balance sheet, with a cash position of £22 million and no debt.

Recognising the growing demand for its ESG-focused strategies, the firm has appointed Rebecca Craddock-Taylor as Director of Sustainable Investment. Ms Craddock-Taylor will lead the ongoing development and integration of the Company's existing sustainable investment policies across both the Real Assets and Strategic Equity divisions and all investment strategies.

CEO Tony Dalwood said in a statement: "We are pleased with the performance in the first half of the year against an unprecedented backdrop and expect to remain at least in line with market expectations on the current trajectory for 2020. Despite market uncertainty, we look ahead with confidence, grounded in the demonstrable resilience of our investment strategies and the fundamental strength of our platform as we plan for further growth from existing and new Gresham House funds.

Our natural focus on ESG principles together with strong market positions, investment performance and balance sheet continue to support growth as we fundraise to meet client demand across our sustainable and open-ended investment strategies.

The performance of Gresham House in the first half of the year has been testament to the resilience and quality of the team, working in challenging conditions, and we look forward to building on this in the second half of 2020 and beyond."