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Domain questions check that you actually use the knowledge — not just that you can recall the textbook. Interviewers want a sharp, specific answer that betrays day-to-day fluency.

Domain · Technical Depth

Why is gross-of-fee outperformance not enough to justify an active allocation, and what hurdle does an active manager actually have to clear?

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Gross outperformance isn't the hurdle because the client can't spend gross returns.

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