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Special U.S. Tax Issues for Hedge Funds That Trade Cryptocurrency


Speaker(s): Colin S. Kelly
Recorded on: Jun. 17, 2021
PLI Program #: 330299

Colin S. Kelly is a tax partner resident in Fried Frank’s New York office.  He joined the Firm in 2018.

Mr. Kelly provides tax counsel with a focus on asset management, including advising investment funds and their portfolio companies on a variety of complex international and domestic transactions, particularly in connection with the formation of funds and fund managers, joint ventures, divestitures, mergers and acquisitions, and “seed” and “stake” investments in fund managers.

Mr. Kelly has significant experience representing clients on a broad range of tax issues relating to investment funds, qualified opportunity zone investments, public and private C corporations, S corporations, partnerships and LLCs, individuals, inbound and outbound cross-border investments, foreign governments and sovereign wealth funds, bankruptcies and restructurings, and financial products.

In addition to his regular client representations, Mr. Kelly has conducted diverse and significant pro bono work, including representing clients in tax controversies, advising charitable organizations on various 501(c)(3) issues, and representing Edith Windsor in her landmark civil rights victory overturning the Defense of Marriage Act (DOMA) in the U.S. Supreme Court. He also serves on the Board of Directors of the Brooklyn Bar Association Volunteer Lawyers Project, a nonprofit that provides free civil legal services to low-income Brooklyn residents.

Prior to joining Fried Frank, Mr. Kelly was counsel in the tax department at a large international law firm.

Mr. Kelly received his JD from Columbia Law School in 2008, where he was a Harlan Fiske Stone Scholar and the online editor of Columbia Law Review, and his AB, cum laude, from Harvard College in 2005. He is admitted to practice in New York; the United States Tax Court; and the United States Supreme Court.