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Hedge Funds Investment use four broad strategies. Among which I picked the Arbitrage strategy used by hedge funds. Within Arbitrage strategy there are four subcategories,

Hedge Funds Investment use four broad strategies. Among which I picked the Arbitrage strategy used by hedge funds. Within Arbitrage strategy there are four subcategories, but I wanted you to focus on the Relative Value Arbitrage.

Please define what relative value arbitrage is and explain how hedge fund managers are using this strategy. Use example when explaining this strategy

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