convertible bond arbitrage 不是opportunistic strategies的一种吗？怎么又变成了relative value strategy了呢

NO.PZ2019122802000021 问题如下 Bern Zang is the chief investment officer of the Janson University Enwment Investment Office. The Janson University Enwment Fun(the “Fun) is basein the UniteStates anhcurrent assets unr management of $10 billion, with minimexposure to alternative investments. Zang currently seeks to increase the Funs allocation to hee fun anconsirs four strategies: cateshort bias, merger arbitrage, convertible bonarbitrage, anglobmacro.a meeting with the Funs boarof rectors, the boarmantes Zang to invest only in event-iven anrelative value hee funstrategies.termine,if Convertible bonarbitrage is permittegiven the boars mante. Justify your response. A convertible bonarbitrage hee funstrategy is permitteto invest.A convertible bonarbitrage hee funstrategy is example of a relative value strategy, whiis permitteunr the boars mante. Relative value hee funstrategies focus on the relative valuation between two or more securities. Relative value strategies are often exposeto cret anliquity risks because the valuation fferences from whithese strategies seek to benefit are often e to fferences in cret quality anor liquity across fferent securities. A classic convertible bonarbitrage strategy is to buy the relatively unrvalueconvertible bonantake a short position in the relatively overvalueunrlying stock.核心记得下面这个图 如题，需要strategy具体在干嘛吗

NO.PZ2019122802000021问题如下Bern Zang is the chief investment officer of the Janson University Enwment Investment Office. The Janson University Enwment Fun(the “Fun) is basein the UniteStates anhcurrent assets unr management of $10 billion, with minimexposure to alternative investments. Zang currently seeks to increase the Funs allocation to hee fun anconsirs four strategies: cateshort bias, merger arbitrage, convertible bonarbitrage, anglobmacro.a meeting with the Funs boarof rectors, the boarmantes Zang to invest only in event-iven anrelative value hee funstrategies.termine,if Convertible bonarbitrage is permittegiven the boars mante. Justify your response. A convertible bonarbitrage hee funstrategy is permitteto invest.A convertible bonarbitrage hee funstrategy is example of a relative value strategy, whiis permitteunr the boars mante. Relative value hee funstrategies focus on the relative valuation between two or more securities. Relative value strategies are often exposeto cret anliquity risks because the valuation fferences from whithese strategies seek to benefit are often e to fferences in cret quality anor liquity across fferent securities. A classic convertible bonarbitrage strategy is to buy the relatively unrvalueconvertible bonantake a short position in the relatively overvalueunrlying stock.核心记得下面这个图 但enwment fun是大的机构投资者吗 当债券评级下调会强制退出 所以不是应该不合适吗

NO.PZ2019122802000021 问题如下 Bern Zang is the chief investment officer of the Janson University Enwment Investment Office. The Janson University Enwment Fun(the “Fun) is basein the UniteStates anhcurrent assets unr management of $10 billion, with minimexposure to alternative investments. Zang currently seeks to increase the Funs allocation to hee fun anconsirs four strategies: cateshort bias, merger arbitrage, convertible bonarbitrage, anglobmacro.a meeting with the Funs boarof rectors, the boarmantes Zang to invest only in event-iven anrelative value hee funstrategies.termine,if Convertible bonarbitrage is permittegiven the boars mante. Justify your response. A convertible bonarbitrage hee funstrategy is permitteto invest.A convertible bonarbitrage hee funstrategy is example of a relative value strategy, whiis permitteunr the boars mante. Relative value hee funstrategies focus on the relative valuation between two or more securities. Relative value strategies are often exposeto cret anliquity risks because the valuation fferences from whithese strategies seek to benefit are often e to fferences in cret quality anor liquity across fferent securities. A classic convertible bonarbitrage strategy is to buy the relatively unrvalueconvertible bonantake a short position in the relatively overvalueunrlying stock.核心记得下面这个图 given the boars mante ？这个问题答案和题干的大学基金会投资有什么关系么？

NO.PZ2019122802000021 问题如下 Bern Zang is the chief investment officer of the Janson University Enwment Investment Office. The Janson University Enwment Fun(the “Fun) is basein the UniteStates anhcurrent assets unr management of $10 billion, with minimexposure to alternative investments. Zang currently seeks to increase the Funs allocation to hee fun anconsirs four strategies: cateshort bias, merger arbitrage, convertible bonarbitrage, anglobmacro.a meeting with the Funs boarof rectors, the boarmantes Zang to invest only in event-iven anrelative value hee funstrategies.termine,if Convertible bonarbitrage is permittegiven the boars mante. Justify your response. A convertible bonarbitrage hee funstrategy is permitteto invest.A convertible bonarbitrage hee funstrategy is example of a relative value strategy, whiis permitteunr the boars mante. Relative value hee funstrategies focus on the relative valuation between two or more securities. Relative value strategies are often exposeto cret anliquity risks because the valuation fferences from whithese strategies seek to benefit are often e to fferences in cret quality anor liquity across fferent securities. A classic convertible bonarbitrage strategy is to buy the relatively unrvalueconvertible bonantake a short position in the relatively overvalueunrlying stock.核心记得下面这个图 the boars mante is event-iven anrelative value hee funstrategies.Convertible bonarbitrage is to long unrvalueConvertible bonanto short selling overvauestock.Convertible bonarbitrage belongs to relative value hee funstrategies. it is permitte感觉会满分？哈哈