(Reuters) Verde Asset Management SA, Brazil’s largest hedge fund, sees lingering risks that Brazilian lawmakers will further water down government efforts to streamline the social security system, a move that could hamper austerity efforts in Latin America’s largest economy. Investors have been “complacent” with the negotiations as the Temer administration seeks to gather lawmaker support for the so-called pension reform, Verde money managers led by Luiz Stuhlberger said in a monthly investor letter for April.

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