Seeing Machines Share News (SEE)

Hedge fund group Charlemagne Capital's assets under management fell 9.5% to $2.76bn from $3.05bn in the half year to June. Net management fees receivable were $10.4m compared with $8.4m, reflecting the higher average assets under management in the first half of 2010."Charlemagne's investment performance in key areas has improved in the last twelve months and we are confident that this, together with some degree of normalisation in markets, will lead to improved business flows going forward," it said.Sinosoft has lost $3.8m through foreign exchange contracts, which will send the group as whole into a loss for the first half of 2010. It will also reduce the firm's cash balance materially below the $14.9m at end December. The exact nature of this trading activity is being investigated as the board is of the opinion that it had not authorised this level of exposure to foreign currency derivatives, Sinosoft said.Savile expects a pre-tax profit at the lower end of market expectations for the year ended 30 June 2010. While the benefits of the board's rigorous review of costs undertaken in the year had an impact on the financial year just ended, the full effect of these changes will be reflected in the current financial year. Given the opportunities for the group, and its realigned cost base, the board expects a continued improvement in performance for the year to 30 June 2011. Oil explorer Caza Oil and Gas said an economic flow rate has yet to be established at its 19.61% owned Matthys-McMillan #2 well in the Wharton West Wilcox Field, after a troublesome drilling process.The company's post drill evaluation indicates poor reservoir characteristics at this particular location. However, Caza is continuing to pursue further investigative work concerning the Wilcox sands. These could take up to 90 days to produce results. Head and eye tracking systems developer Seeing Machines has sold its faceAPI software suite to Di-O-Matic of Montreal, Canada. It's the first faceAPI production licence the company has sold to a member of the computer graphics (CG) animation sector.The software has been licensed to empower Maskarad, a new family of CG animation tools scheduled to be released by Di-O-Matic later this year, and has been licensed on a revenue sharing royalty basis.