India’s Top Portfolio Managers Fail To Recover From The Worst In 2018

Portfolio managers failed to recover from the rout in mid-cap stocks and the liquidity crisis for non-bank lenders in 2018 even as the nation’s two benchmark indices managed to end higher.Fifty portfolio managers with equity assets worth Rs 1,03,253 crore ($14.75 billion)—more than 88 percent of the money managed by the category—lost 6.7 percent on an average in the just-concluded year, according to data compiled by BloombergQuint fr...