Fund managers' stock picking accuracy hits 2-year low in July as prices decouple from data, Bank of America says

· *Mutual fund managers largely underperformed their benchmarks in July as macroeconomic focus blocked out stocks' dismal fundamentals, Bank of America said Thursday.*
· *Large-cap active funds' hit rate was just 28% last month, its worst in two years, as managers failed to find names outperforming the market.*
· *Managers...