Kelly is a senior tax manager in our firm and has approximately 20 years of experience in the investment management industry, including with taxation, financial reporting and fund administration.
Kelly's background in investment company taxation includes both registered and private funds. She has extensive experience in national public accounting firms as well as a fund administration service provider.
Kelly’s deep tax expertise also includes issues related to:
Domestic and international equity funds
Funds of funds
Fixed income funds
Cayman Islands registered funds, including master-feeder structures
Although her experience spans a variety of fund structures and strategies, Kelly specializes in tax planning and compliance for hedge funds and private equity funds.
She maintains significant expertise with the following:
Tax implications from constructive sales, Section 163j limitations, Section 199A QBI deductions, Section 1256/988 implications, wash sales, and tax adjustments from swaps, options, and short sales
Tax allocation methods specific to hedge and private equity funds, including the aggregate method, fill up/fill down, target allocations, and side pockets
International structures and disclosures
Calculating and disclosing UBTI
Master of Business Administration, concentration in finance