Ex- Goldman commodities trader Kelvin Chiu (@KC_SilverCape) has transformed a one-man commodities book into a mini pod shop -- Bloomberg After stints at GS and Vitol, he set up a family office in Singapore on the proceeds of the agricultural volatility years. Chiu's firm, SilverCape Investments, now runs six trading pods alongside his own commodities book. His strategy caps out around $100 million, limited by the size of ag futures and the relative value trades he runs. He says he's hit 78% CAGR since launching in 2018, before withdrawals. The largest pod at SilverCape is a Japanese activist strategy targeting small and mid caps, running more than $200 million at the end of August. What separates Chiu is his hiring strategy: recruiting runs through social media, Substack, and Twitch. The unconventional nature and finding unique talent is what he hopes sets him apart from the larger pods. Two more pods are planned over the next 12 months: Chinese futures and pan-Asia ex-Japan equities. As HFs consolidate, traders with their own capital are looking to rebuild the pod model but with leaner and cheaper teams.