Henderson to grow Italy unit, launch property fund

LONDON, July 27 (Reuters) - British fund management group Henderson Global Investors (HGI.L: Quote, Profile , Research) said on Friday it wanted to raise 250 million euros ($341.3 million) from institutional investors for a new closed-ended Italian retail property fund. The Fondo Azzurro is the debut fund of Henderson's Italian unit, Henderson Global Investors SGR, which the company said was set to expand after getting clearance from the Bank of Italy.