In Wednesday's Fund Track, Aja Carmichael declares that Don Yacktman, whose conservative investment style has attracted flak in recent years, is back on an "all-star path." Yacktman's flagship fund posted a loss of about 2 percent in the past 12 months versus a 30 percent drop in the S&P 500 Index. The fund has $530 million of assets.

This, Carmichael writes, by the Yacktman's to reduce investment risk and choose investments in the media sector such as Viacom, Liberty Media and News Corp. over consumer names.  

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