Big name hedge fund firms including Citadel, Balyasny and Millennium are tapping Singapore's top performing commodities traders as they look to take advantage of the opportunities presented by erratic commodity prices, and in particular oil, according to a report by eFinancial Careers.

The latest trader to make a hedge fund switch is Nathan Ohayon who has reportedly left Shell in Singapore after over 11 years with the company, to join Citadel in London, where he will build a new team to trade regional waterborne crude balances. 

Ohayon is following in the footsteps of other Singapore-based commodities traders including Hugo Forget who joined Balyasny back in January from Goldman, where he was an options trader. Prior to moving to Singapore with Goldman, Forget was an oil trader at energy giant BP. 

And back in September, Rafiq Durrani joined Millennium from Shell, where he had spent the last 15 years, as a senior portfolio manager. Durrani was a crude oil trader before he left, and moved to Singapore for Shell.