Alternative asset manager Gresham House, today posted its first half results which will be pleasing to investors in the company.

The firm recorded income of £15.3 million in the six months to 30 June, a 209 percent increase on a year-on-year basis. Its adjusted operating profits hit £4.4 million in the same period, a 1090 percent increase on the same time last year.

Assets under management grew by a more modest 8.1 percent to £2.45 billion although the company says this increase was purely organic growth.

Gresham has also been highly cash generative with £6.3 million of dry powder that it can deploy on investment opportunities and similar ventures.

Tony Dalwood, chief executive of the firm, said in a statement to the London Stock Exchange: ““Our focus on alternative asset management remains increasingly of interest as allocations to these areas continue to build. Alongside revenues, the Gresham House brand is growing, and we are increasingly well-placed for the important shift towards ESG and sustainable investment.

“Trading in the first half of 2019 has been in line with our expectations and we feel well positioned for the remaining part of the year.

“We have made significant progress developing our platform, including enhanced capability within sales and distribution, in order to scale in the future whilst looking at international opportunities in a post-Brexit world.”

For more information on the company click here for an in-depth profile of the firm.