# Light ARC Capital Management LLC

> Light ARC Capital Management LLC is an SEC-registered investment advisory firm in Greenwich, CT, registered since 2026, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated June 2, 2026.

- CRD: 339985
- Filed as: LIGHT ARC CAPITAL MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Greenwich, CT
- Filing period: October 2026
- Form ADV filing dated: June 2, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/339985
- AdvisorCensus page: https://advisorcensus.com/firm/light-arc-capital-management-llc-greenwich-ct-339985

## Quick answers

**How is Light ARC Capital Management LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Light ARC Capital Management LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Light ARC Capital Management LLC located?**
Light ARC Capital Management LLC's principal office is in Greenwich, CT, according to its Form ADV.

**Is Light ARC Capital Management LLC registered with the SEC or a state?**
Light ARC Capital Management LLC is an SEC-registered investment advisory firm, registered since 2026. Status as filed: Approved. CRD 339985.

**How much does Light ARC Capital Management LLC manage?**
Light ARC Capital Management LLC reports $324,051,110 in regulatory assets under management in its Form ADV filing dated June 2, 2026 (100% discretionary).

**What types of clients does Light ARC Capital Management LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (4).

**Does Light ARC Capital Management LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/339985

**What changed in Light ARC Capital Management LLC's recent Form ADV filings?**
In the June 2026 filing data: Changed its legal name from One River Volatility Arbitrage LLC to Light ARC Capital Management LLC. Employees performing advisory functions went from 2 to 4. Regulatory assets under management went from $0 to $324,051,110.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $324,051,110
- Discretionary: $324,051,110
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $324,051,110 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2026 (0 years)
- Employees: 6 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CT
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- lightarccm.com
- LinkedIn @light-arc-capital-management

## Changes in the filing (last 12 months)

### June 2026
- Changed its legal name from One River Volatility Arbitrage LLC to Light ARC Capital Management LLC.
- Employees performing advisory functions went from 2 to 4.
- Regulatory assets under management went from $0 to $324,051,110.

### April 2026
- Updated its list of owners and control persons (Schedule A).

### March 2026
- Newly registered with the SEC.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Light ARC Capital Management LLC (CRD 339985): Form ADV filing data as of October 2026.