BIRMINGHAM, Mich. — Munder Capital Management has launched an energy fund that is among the first focused on new power production technology.

The Munder Power Plus Fund invests in companies that earn money from nonregulated energy or power-related activities, including oil, natural gas, and coal companies, as well as companies producing power from alternative sources, such as geothermal, biomass, solar, and wind. It will not invest in regulated companies such as utilities.

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