Bruce Berkowitz on Managing Risk and Reward Clients come first, and Fairholme Capital's Berkowitz is the largest client in everything his firm does. The result has been great risk-adjusted returns for both him and his clients. Related Articles Why OCIO Firms Are Targeting Healthcare Portfolios James Comtois Dillon Trust Sees Opportunity in Water Despite Political Risks James Comtois A New Cycle Emerges Sponsored by Heitman