F&C Asset Management purchased Martin Currie Investment Management's private equity fund-of-funds business unit. Terms were not disclosed. The Martin Currie Capital Return Trust PLC will be liquidated and merged into F&C's Discovery Trust. The £90 million ($164.7 million) fund will be renamed the F&C Private Equity Trust in August, according to a news release. It will have investments in 30 private equity funds. Hamish Mair, fund manager, along with private equity fund-of-funds managers Neil Sneddon and Anna Vandor, will move to F&C.