Pattison of Quantum Fund once said: "We never disclose the investment strategy and portfolio information of our fund."

The first premise of strengthening the supervision of hedge funds is to master the relevant information of hedge funds, strengthen the disclosure of their operation information and enhance the transparency of the market, thus reducing the speculative space of hedge funds, making their whereabouts no longer secret, limiting and reducing the possibility of launching sudden attacks.

Because most hedge funds are registered offshore, they are often outside the scope of supervision in various countries. In addition, such funds lack international coordination and supervision mechanisms. Various factors make the financial strength and speculative trend of hedge funds more confusing, thus aggravating the instability of the international financial market. Hedge funds are almost unregulated, and their financial and investment strategies are kept strictly confidential, which is basically a black-box operation.

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Hedge funds should be required to increase the transparency of information disclosure, regularly disclose their net asset value, capital, asset-liability scale, report their positions exposed to risks, risk value indicators, leverage ratio and other important financial indicators, and strengthen the disclosure of some assets that are difficult to be valued. Commercial banks, investment banks and insurance companies dealing with hedge funds should also disclose their relevant positions, so that investors have the opportunity to know where their funds are used and make corresponding adjustments. Market participants and regulators should know his credit status and risk degree, and evaluate how to deal with him. There will always be people in the market who can find potential risks. Adequate information disclosure is convenient for the international community to jointly monitor risks and help the market become more rational.