Portfolio Managers Post Loss In April, Wait For Election Storm To Pass

India’s portfolio managers suffered a loss in April even as they hedged positions amid a spike in volatility in the election season.The top 50 portfolio managers by assets—together managing Rs 1.14 lakh crore of investor money—lost 0.90 percent on an average in April, according to regulatory data tracked by BloombergQuint. That compares with a 0.9 percent and 1 percent increase in the Sensex and Nifty 50, respectively, during the mon...