Zaheer Sitabkhan apparently is not the man of the "our." In June, the LG Asia Plus Fund he managed held a record $1.06 billion in assets. A month later it had lost about 80% of its money, mostly because Sitabkhan exited the firm that manages the fund, Lloyd George Management. "Zaheer essentially left and took the fund with him," LG Director of Marketing Dominic Johnson said in a Bloomberg News interview. "Quite a few holders insisted that he operate as a single autonomous unit." And indeed he has, as Johnson says the firm is "pleased" to have even the remaining $137 million in a fund that in one recent 12-month period returned 44% and was ranked at one point last year as one of the five best non-U.S. global macro hedge funds. Johnson says he is "confident" the fund will return to its glory days, with Sitabkhan's successor, Adaline Ko. No doubt she has a hard act to follow, since arriving in July, and is looking to replenish LG's coffers again "as soon as the performance of the fund is proven." If history repeats itself, Ko will be in luck; her predecessor took over LG Asia Plus from someone who also left the firm to start a fund, and Sitabkhan raised a bulk of the record assets in only three months. Meanwhile, Sitabkhan reportedly is off and running with his new fund, which Bloomberg News says is closed to new investments.