I just found out that Dodge & Cox, the mutual fund company has re-opened two of their previously closed funds. The funds they closed were the Stock fund and the Balanced fund. Their International fund and Income fund are still open to new investors.
Dodge and Cox follows a value investing approach, whereby they look for companies (or industries) that are out of favor today but have long term potential. In the short run this does not sound enticing, but in the long run it can turn out to be a good thing.
I already have exposure to their International fund via my 401K. I am seriously considering investing in their stock fund, even if it means just getting in before they close it.