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UPDATE 2-Hedge funds trim bullish bets on U.S. crude ahead of OPEC deal

(Adds more data, positioning in refined products) NEW YORK, Dec 2 Hedge funds and money managers scaled back their bullish bets on U.S. crude oil in the days ahead of a landmark deal by the world's top crude exporters to cut production and rein in a global glut, data showed on Friday. The speculator group cut its combined futures and options position in New York and London by 2,418 contracts to 189,677 during in the week to Nov. 29, the U.S. Commodity Futures Trading Commi

'Big Short' adviser loses appeal in SEC case

NEW YORK, Dec 2 An investment adviser featured in best-seller "The Big Short" failed to persuade a federal appeals court to shut down a U.S. Securities and Exchange Commission fraud case on the ground that the agency sued him in the wrong forum.

UPDATE 1-Brazil's Oi hints at outright debt-stock swap, sources say

SAO PAULO, Dec 2 Oi SA could scrap a proposed three-year restriction on creditors swapping part of their debt for equity, in a sign that Brazil's No. 4 wireless carrier wants to lure bondholder support to exit bankruptcy protection faster, two people with knowledge of the matter said on Friday.

Doubleline Total Return Bond Fund posts $1.4 bln net outflow in Nov

NEW YORK, Dec 2 The DoubleLine Total Return Bond Fund, the largest fund in the firm by total assets, had net outflows of $1.4 billion in November, the third-largest cash withdrawals since the 2013 "taper-tantrum" months, while flows increased into DoubleLine's low duration and unconstrained bond funds, the firm said Friday.

Brazil's Oi signals outright debt-to-equity swap to creditors -sources

SAO PAULO, Dec 2 Oi SA could scrap a proposed three-year restriction on creditors swapping part of their debt for equity, in a sign that Brazil's No. 4 wireless carrier wants to lure bondholder support to exit bankruptcy protection faster, two people with knowledge of the matter said on Friday.