In the context of hedge fund strategies, relative value strategies are characterized by their focus on exploiting pricing inefficiencies between related financial instruments. Consider the following scenario: A hedge fund manager is evaluating two trades involving corporate bonds and their corresponding credit default swaps (CDS).

Trade A involves going long a corporate bond while simultaneously shorting the related CDS. Trade B, on the other hand, entitles the manager to go long the CDS while shorting the corporate bond. Assume the corporate bond is currently trading at a relatively wider spread compared to its historical average. Which of the following trades described would most effectively capture the relative value opportunity identified?