by Michael Titus | Jul 7, 2026 | Investment
Quick answer: OFC or LPF? For most open-ended, securities-trading strategies — hedge funds, multi-asset, and retail-style products — Hong Kong fund managers choose the Open-ended Fund Company (OFC), a corporate vehicle with variable capital. For closed-end private...
by Michael Titus | Mar 13, 2026 | Articles, Blog, COMMERCIAL LAW, Investment
Last updated: 3 March 2026 Most “fund formation” pain is not legal theory. It’s execution. The structure looks fine on a diagram, but then: – bank onboarding stalls, – counterparties ask basic questions no one prepared for, – approvals are unclear,...
by Michael Titus | Mar 13, 2026 | Articles, Blog, COMMERCIAL LAW, Investment
Last updated: 13 March 2026 “0% carried interest” is one of the most misunderstood headlines in Hong Kong funds marketing. The reality is more nuanced: – there is a carried interest concession regime, – it has effective dates and conditions, – and...
by Michael Titus | Mar 13, 2026 | Articles, Blog, COMMERCIAL LAW, Investment
Last updated: 13 March 2026 DIPN 61 is the Inland Revenue Department’s “Departmental Interpretation and Practice Note” explaining how it interprets and applies Hong Kong’s profits tax exemption for funds (often called the “unified fund exemption”). If you are advising...
by Michael Titus | Mar 13, 2026 | Articles, Blog, COMMERCIAL LAW, Investment
Last updated: 13 March 2026 An OFC is often described as Hong Kong’s “corporate-style” fund vehicle. That’s true—but it’s also the reason OFCs require more upfront sequencing than many clients expect. For private OFCs, two topics decide whether your structure works in...
by Michael Titus | Mar 13, 2026 | Articles, Blog, COMMERCIAL LAW, Investment
Last updated: 13 March 2026 If you’re advising a family, founder, or private capital group with Asia exposure, “just set up an entity” is rarely the hard part. The hard part is building a structure that is: legally coherent, operationally clean, and explainable to...
