In June, the Japanese market finally broke out of the
doldrums, rebounding by 6.9% in local currency terms. The first
half of the year has been tough for hedge funds, though, and
most have struggled to beat the TOPIX index, which is now up
UMJ Kotoshiro is up 12.02% year to date after a 0.94% gain
in June, while a solid 7.55%...