Explanation:

• Option A (Short biased): This strategy focuses on shorting overvalued equity securities with limited or no long-side exposures. It is an equity hedge strategy, not a relative value strategy.

• Option B (Special situations): This strategy involves investing in companies undergoing restructuring activities (e.g., asset sales, spin-offs). It is an event-driven strategy, not a relative value strategy.

• Option C (Convertible bond arbitrage): This strategy exploits pricing discrepancies between convertible bonds and their underlying components (e.g., the bond and embedded stock option). It aims to profit from the resolution of these discrepancies, making it a classic example of a relative value strategy.