Hedge funds rang in the new year with fresh gains as the Greenwich Global Hedge Fund Index moved higher in January by 0.36%. This marked the 7th straight monthly gain for the GGHFI and new all-time highs for several Greenwich Indices. Arbitrage and funds posting the best results according to early estimates. January was also a generally positive month for equity benchmarks - the S&P 500 Total Return (+2.37%), MSCI World Equity (+2.19%), and FTSE 100 (-0.63%) equity indices showed mostly positive results. 61% of constituent funds in the GGHFI ended the month with gains.