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 Kristie Nettles, V.P., Managing Director and Head of Global Insurance and Institutional (North America) Marketing, Alliance Bernstein Institutional Investor Elite Universities Boast Double-Digit Returns, But the Gains Aren’t Spread Equally James Comtois Re-Examining the Role of Commodities in a New Market Regime Sponsored by Invesco