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 The Evolving Private Equity Toolkit Sponsored by Dawson Partners