Madelung hydrodynamics and Poisson geometry of wave functions

We describe the Poisson geometry of the Madelung transform between quantum mechanics and hydrodynamics for generic wave functions. We prove that for arbitrary oriented manifolds this transform, being regarded as a momentum map, naturally defines prequantum bundles for coadjoint orbits of semidirect extensions of diffeomorphism groups. Furthermore, we show that the Madelung framework provides a natural infinite-dimensional version of the convexity results for Hamiltonian torus actions, thus giving a partial answer to Atiyah's question.
In particular, for wave functions without zeros our results provide a Kähler map between the infinite-dimensional Fubini--Study and Fisher--Rao geometries, thus extending previous results to non-simply-connected manifolds. Furthermore, for wave functions with noncritical zeros, the Madelung transform is shown to be a symplectomorphism to the coadjoint orbits with Morse--Bott densities. The latter, in turn, furnishes a novel momentum map point of view on the Wallstrom quantization condition for the hydrodynamical form of quantum mechanics. We also comment on the relation between the Madelung setting and the Marsden--Weinstein symplectic structures on knots and membranes.