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 For Members Only Event-Driven Fund Posts Double-Digit Returns in Each of Its First Five Years Stephen Taub Press Release: Institutional Investor Names Eight Private Equity Firms to First Annual Alpha Edge Buy List II Press Room From Informing AI to Empowering Traders, Quality Data is Non-Negotiable Sponsored by CME Group