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 Former Hershey Trust Chief Leslie Lenzo Launches Advisory Firm James Comtois A BDC Watchlist Finds $5.7 Billion in Portfolio Loans ‘At-Risk’ Michelle Celarier The Hidden Margin Drain: Why Manual Data Operations Are Becoming Too Expensive to Ignore Sponsored by InterSystems