Any time you see a substantial deviation in returns with a fund compared to its category, it's usually because it's taken a substantial risk to get there. These funds aren't less risky now. It's just that the stocks they've invested in have finally started to come back.
I think they're on the right track with the changes they're making, but only time will tell if the execution will work out.
The fund is fairly volatile. Investors need to have a long time horizon.