peHUB Second Opinion 8.20

Is the Sears cupboard bare? Lampert’s Strategy Is Hobbling Sears. (WSJ)

Cerberus Walkaway: Clients of Cerberus Capital Management’s core hedge funds have opted to withdraw the majority of money from the funds, marking a sharp rebuke to the weakened firm and its boss Stephen Feinberg. (WSJ)

Simply Nursery? Some Twitterspam is too priceless not to share. It seems this adorable toddler is interested in mergers & acquisitions. (Twitter)

KKR In Japan: Kohlberg, Kravis, Roberts and Permira are vying to acquire Citigroup-owned BellSystem24, Japan’s largest telemarketer, in a deal that would be one of the largest private equity investments in Japan this year. (FT)

CLO Technique to Fund Private Equity Deals: Private equity firm Kidd & Co. has devised a novel securitization strategy that would finance investments in distressed-company debt.  (Asset-Backed Alert)

Laid Off? Check Your Look: Newly Jobless Update Wardrobes, Rein In Resentment and Embrace Punctuation. (WSJ)