People moves: RPMI director to retire; new CIO for Cambridge endowment [updated]

first_imgUniversity of Cambridge – Tilly Franklin has been appointed the new CIO for the university’s £3.2bn endowment fund. She replaces Nick Cavalla, who left last year after 10 years at the fund to join Talisman Global Asset Management, the family office of the Pears family. He took three investment colleagues with him.Franklin was already on the university’s investment board – since 2014 – but joins as the endowment fund’s CIO from Alta Advisers, a London-based investment advisory firm and one of Europe’s leading single family investment offices, where she was director of investments and head of private equity. She has also worked at private equity firm Apax Partners, BBC Worldwide and Virgin Management, and is an alumna of the university. Stephen Toope, University of Cambridge vice-chancellor, said: “Tilly is the ideal person to lead the endowment fund into this new era. She brings a wealth of financial experience and a passionate commitment to responsible fund management. We are lucky to have her.”According to a statement, her appointment “coincides with the university’s efforts to tackle the fundamental problems facing humanity such as climate change, food security and chronic disease, where the fund’s contribution plays a vital role in supporting research and scholarship”.  Asset Management Exchange (AMX) – The institutional platform for investors and asset managers set up by Willis Towers Watson has hired Larry Morrissey as chief compliance officer for AMX Ireland, which manages more than $8bn (€7.2bn) in assets from Cork, in the south of the country.He was previously at MPMF Fund Management in Ireland, where he served for three years as senior vice president and acted in various compliance roles on behalf of a number of large institutional clients. Before MPMF he was head of investment fund listings at Maples and Calder.Aegon – The supervisory board of Dutch insurer Aegon has proposed the appointment of Lard Friese as CEO. He is to succeed Alex Wynaendts, who plans to step down after 11 years at the helm.Friese will join from NN Group where he has been CEO and executive chairman for the past five years. Friese has almost 30 years of experience in the financial services industry, including at Aegon between 1993 and 2003 as executive vice president for life insurance.Aegon said the intended appointment had been approved by the company’s regulators and positively advised upon by its works council. Friese, who will leave NN with immediate effect, is to start as CEO designate on 1 March and succeed Wynaendts at the AGM on 15 May. Wynaendts is to remain available as adviser to the company until 30 September.Catella — The fund management arm of Swedish financial firm Catella has appointed Mattias Nilsson to a senior role in its long-short equity management team. He was previously one of the main managers of Brummer & Partners’ Futuris hedge fund. Catella said he would take up his new role on 26 August.BankInvest — Kasper Lytthans, former portfolio manager and member of the investment board at BankInvest, is leaving the company for a new role at Copenhagen-based prescription medicine supplier Abacus Medicine, where he will work as investor relations manager. He has worked for the Danish investment manager for over 12 years, as a senior analyst before his most recent role. In a post on LinkedIn, Lytthans said he would take up the new role on 15 August.XPS Pensions Group – James Leeming has joined the pensions consultancy as partner and head of investment in its Manchester office. He was previously a director in the employee benefits practice at JLT Group, and is a qualified actuary. American Century Investments – The US manager has again hired from Dimensional Fund Advisors for its new Avantis Investors unit being led by Eduardo Repetto and Patrick Keating, two veterans of DFA. The new recruits are Ted Randall, Mitchell Firestein and Daniel Ong, who were portfolio managers at DFA. Avantis Investors is gearing up to launch diversified, tax-efficient and low-cost investment strategies, and in June filed a registration statement with the US regulator for five equity funds. A spokesman said the vehicles would also be offered as separate accounts outside the US. Savills Investment Management – Barbara Linnemann has been appointed head of asset management for Germany at the real estate investment manager. Her responsibilities will include driving further growth in company’s business of asset management mandates for foreign investors. She was most recently managing director at Apleona Argoneo, where she was responsible for asset management. RPMI, University of Cambridge, Asset Management Exchange, Aegon, Catella, BankInvest, XPS Pensions Group, American Century Investments, Savills Investment Management RPMI – Julian Cripps, managing director of RPMI Railpen, the in-house manager for the UK’s £26.8bn (€29.8bn) railways pension scheme, will retire at the end of the year.The industry-wide scheme has appointed Michelle Ostermann, chief fiduciary officer, and Stuart Blackett, managing director of group services, to its board of directors ahead of Cripps’ departure. The announcement also follows the retirement earlier this year of managing director David Maddison.Ostermann joined RPMI Railpen at the start of this year from British Columbia Investment Management while Blackett has been at RPMI since 2001, having joined from what was then Arthur Andersen. last_img read more

Seaside living in Mooloolaba for a cool $15m

first_imgVideo Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:39Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:39 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenMooloolaba’s $15m penthouse00:39Penthouse living has been taken to new heights on the Esplanade in Mooloolaba, Queensland. This lavish two-level residence boasts north-facing views of the ocean and a $15 million price tag to go with it.The luxurious penthouse at 1101/87 Mooloolaba Esplanade has an internal lift, a cinema and four king-sized bedrooms, as well as room for 12 cars with downstairs parking and a rooftop spa.Imagine waking up to this view every morning. Picture:, it’s the waterfront views that are the main attraction of the home. Mooloolaba is one of the safest and most picturesque beaches on the north shore of the Sunshine Coast.Located on the Esplanade, the beach is only a few steps away from the penthouse – imagine popping downstairs for a swim and then drying off with a cool drink on your expansive balcony. Gallery (10 images)A grand staircase greets guests in the entry way. Picture: the other side of the penthouse are views of the Glass House Mountains.The home is part of Sea Pearl’s complex, which means new owners will also have access to a gym, steam room and sauna, swimming pool and spa.The style of the interiors is opulent with only the finest finishes, including marble surfaces, dazzling chandeliers and a grand staircase.Simon Guilfoyle from G1 Property says the penthouse is likely to attract interest from international, interstate and local buyers.More from newsParks and wildlife the new lust-haves post coronavirus17 hours agoNoosa’s best beachfront penthouse is about to hit the market17 hours ago“We will be marketing the property internationally, but we would also expect to see some strong interest from local buyers who understand the value and location,” he says.While $15 million is eye-watering for most of us, for those seeking a luxury home with all the bells and whistles it’s a good buy.“The Spirit Surfers Paradise Penthouse is for sale at $41 million and it’s a similar size to our ultra-luxurious Sea Pearl Penthouse, on offer at a reasonable $15 million including custom designer furnishings, 12 car spaces and multiple store rooms,” says Guilfoyle.“My last Sea Pearl apartment sale, recently sold to a New South Wales family, was only one-fifth of the size of this penthouse and sold for $4.4 million.”last_img read more

Border closures push unit approvals to an 11-year low

first_imgApartment approvals hit an 11-year low with border closures proving to b e a real dampener for foreign and inter-state buyers. Picture: Mark Cranitch.Apartment approvals have hit an 11-year low, with border closures causing a double digit fall in dwellings data in May – with Queensland emerging least scathed of all the states. Latest Australian Bureau of Statistics figures showed the number of dwellings approved dropped -16.4 per cent seasonally adjusted in May, with Queensland emerging the best of a depressed bunch with a 7.4 per cent decline, followed by Western Australia (-8.9 per cent) and South Australia (-9.3 per cent). 10,000 more chances to get into first home sooner Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 2:56Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -2:56 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenCOVID-19: Spring property predictions 202002:57 There were massive falls in the south which hit double-digit falls in Tasmania (-23.3 per cent), Victoria (-14.3 per cent) and New South Wales (-11.3 per cent).The value of residential building approvals was down -17.3 per cent in May. ADB construction services director Daniel Rossi said private sector dwellings excluding houses drove the decline, falling -34.9 per cent which was an 11-year low for apartment buildings.“While minor effects of COVID-19 are apparent in the headline Building Approvals results, the fall in apartment approvals was broadly expected prior to the COVID-19 pandemic,” he said. MORE: Brisbane home values slip Queensland had the highest drop in approvals for private sector houses (-9.9 per cent). Picture: Darren England.Queensland had the highest drop in approvals for private sector houses (-9.9 per cent), Western Australia (-7.9 per cent) and Victoria (-3.9 per cent).Two states defied the downward trend for houses, with South Australia rising 7.1 per cent and New South Wales up 1 per cent.One of the nation’s biggest housing sector lenders, the Commonwealth Bank, expects approvals figures to continue to deteriorate over the second half of 2020 “as border closures reduce demand for housing”.More from newsCOVID-19 renovation boom: How much Aussies are spending to give their houses a facelift during the pandemic3 days agoWhizzkid buys almost one property a month during COVID-197 days ago“Building Approvals data can be extremely volatile, and the large 16.4 per cent fall in May is evidence of that, but was not unexpected,” according to CBA senior economist Belinda Allen. “We had expected a larger than consensus fall of 10 per cent (consensus ‑7.8 per cent). We do expect further weakness from here. Rolling annual approvals are now running at 173k, down from 192k a year ago and a peak of 243k in August 2016.”“Border closures leading to lower net overseas migration and a general level of uncertainty is reducing the demand for housing. We expect new housing construction to fall 25 per cent in 2020.”The largest falls has been in multi‑unit approvals for four story buildings or higher, CBA said, with shorter building approvals holding up better. FOLLOW SOPHIE FOSTER ON FACEBOOKlast_img read more

Tottenham lose at Southampton as Kane limps off injured

first_img Promoted ContentBirds Enjoy Living In A Gallery Space Created For ThemJapanese Inventions That Make You Wish You Lived In Japan5 Of The World’s Most Unique Theme ParksYou’ve Only Seen Such Colorful Hairdos In A Handful Of Anime5 Of The World’s Most Unique Theme ParksPlaying Games For Hours Can Do This To Your BodyWho Is The Most Powerful Woman On Earth?Fantastic-Looking (and Probably Delicious) Bread ArtBest & Worst Celebrity Endorsed Games Ever Made6 Interesting Ways To Make Money With A DroneWho Earns More Than Ronaldo?Couples Who Celebrated Their Union In A Unique, Unforgettable Way Loading… Tottenham’s push for a top four finish in the Premier League suffered another setback on Wednesday as Danny Ings’s winner handed Southampton a well-deserved 1-0 win at St Mary’s, while England striker Harry Kane limped off with a hamstring injury. Ings produced the one real moment of quality in the game by lifting the ball over Toby Alderweireld before firing home his ninth goal in as many Premier League starts to lift the Saints up to 12th, six points clear of the relegation zone. Southampton could have been further ahead by the break as only a last-ditch block from Alderweireld prevented Nathan Redmond turning in Stuart Armstrong’s dangerous cross. The Belgian defender was lucky to escape without conceding a penalty early in the second period as his arms were raised when he blocked Redmond’s cross inside the penalty area. Referee Mike Dean waived away claims for a spot-kick and was surprisingly not overruled by a VAR review. Southampton had only kept one clean sheet in the league since mid-September, but they coped comfortably as Kane, Alli, Eriksen and Lucas Moura struggled to create. Tottenham’s afternoon went from bad to worse when Kane pulled up as he slotted home Eriksen’s free-kick 15 minutes from time, but was flagged offside. The visitors ended the game in search of an equaliser without a recognised striker on the pitch with Son Heung-min also absent due to suspension. Read Also: Brighton vs Chelsea: Jahanbakhsh nets stunning equalizer against Blues Mourinho’s frustration boiled over as he was shown a yellow card after an altercation with the Southampton bench. Moura’s deflected shot that skewed just wide was the closest Tottenham came to an equaliser, but even a point would have been more than they deserved to leave Mourinho with plenty to ponder ahead of Liverpool’s visit in their next league outing in 10 days’ time. FacebookTwitterWhatsAppEmail分享 There was little response from Jose Mourinho’s men as they slipped six points behind fourth-placed Chelsea, apart from the moment when Kane injured himself as he converted Christian Eriksen’s free-kick, but was flagged offside before hobbling down the tunnel. Ings’s goals have shot Southampton out of the bottom three in recent weeks and Spurs were unable to cope with the threat the former Liverpool striker early on. Inside the first five minutes Ings saw a shot blocked inside the area before right-back Cedric Soares headed wastefully wide from Ryan Bertrand’s teasing cross. Tottenham also had their chances at the other end in an open start as Alex McCarthy turned Kane’s deflected effort behind and Dele Alli saw half-hearted claims for a penalty waived away. – travel sick Spurs – Spurs have now gone a calendar year without a clean sheet away from home in the league and it was no surprise that Ings proved too sharp and skillful for a defence that Mourinho has been unable to tighten up since taking charge six weeks ago. Jack Stephens’s long ball over the top caught the Tottenham back line square and Ings coolly flicked the ball over the head of Alderweireld before slotting his 15th goal of the season past the helpless Paulo Gazzaniga.last_img read more

Bengaluru FC to play ‘home’ matches in Fatorda

first_imgBENGALURU: Following the Indian Super League’s decision to host the entirety of the 2020-21 season in Goa, it has been announced that Bengaluru FC will play its ‘home’ matches for the upcoming season at the Jawaharlal Nehru Stadium, in Fatorda.Decided based on last season’s final League standings, the Blues will share their venue with current champions ATK (now ATK Mohun Bagan) and 2019-20 League winners FC Goa. With the Nehru Stadium serving as Bengaluru FC’s ‘home ground’, Carles Cuadrat’s men are set to play 11 games at the venue, which would include home games against each of the other nine sides and ‘away’ clashes against ATK Mohun Bagan and FC Goa. The Blues, meanwhile, are no strangers to the venue, having lifted their maiden I-League title in 2014 with a 2-4 win against Dempo SC at the Fatorda, before going on to lift the Federation Cup title at the same venue the following year. It was also announced that teams to finish between fourth and seventh place would consist of Group B, with Chennaiyin FC, Mumbai City FC, Odisha FC and Kerala Blasters FC set to play its games at the GMC Athletic Stadium, in Bambolim. NorthEast United FC, Jamshedpur FC and Hyderabad FC would play out of the Tilak Maidan, in Vasco, in Group C. ians Also Watch: Govt Acts Tough On Schools Without Licenceslast_img read more

Togo Holds Cup Holders Cote d’Ivoire in Group C Opener

first_imgTogo goalkeeper Kossi Agassa was called into action just 10 minutes into game and produced a good save to deny Ivory Coast striker Jonathan Kodjia.Slyvain Gbohouo, the Ivorian shot-stopper, was also tested in the 29th minute denying Mathieu Dossevi as the Sparrow Hawks looked to take the lead.Nevertheless, the Elephants and Sparrow Hawks were unable to break the deadlock in the first-half and the score was 0-0 at the interval.A quiet second-half followed as the two teams failed to seriously test the shot-stoppers Gbohouo and Agassa.Wilfried Zaha was looking lively for Cote d’Ivoire on his competitive debut. In the 68th minute, he cut inside, before unleashing a shot which was blocked in the box.The winger was then replaced by experienced Ivorian striker Wilfried Bony in the 70th minute as the Elephants pushed more men forward.However, the Togo defensive line were happy to sit back and contain the Elephants until match referee Eric Otogo-Castane blew the final whistle and the match ended in a 0-0 draw.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram AFCON 2017…Elephants of Cote d’Ivoire were held to a goalless draw in their 2017 Africa Cup of Nations (AFCON) Group C clash against Togo at the Stade d’Oyem in the Gabonese city of Oyem yesterday evening.As the defending champions, the Elephants were the favourites against Togo’s Sparrow Hawks in the Group C opener.last_img read more

Onyekuru Rues World Cup Miss, Eyes AFCON 2019 in Egypt

first_imgSuper Eagles forward, Henry Onyekuru has opened up on his 2018 World Cup miss with the national team but know hopes for a better ending to the season to enable him to fulfill his dream of representing Nigeria at a major international competition.The 21-year-old spoke to after his impressive performance with Galatasaray on Sunday, stating that not going to the World Cup in Russia was a bitter pill to swallow and a disappointing moment for him.“It was very disappointing but I am a strong believer in Christ. I feel everything happens for a reason and God’s will be done. Although at the time I was frustrated I still supported our nation at the World Cup as if I was there. “Now I have another opportunity at the AFCON in June. It’s not by my power or will to be there but hopefully by His grace, I will stay fit and hope to have done enough to earn my place in the final squad,” Onyekuru said.He, however, revealed his match rituals before going into every game stating that he prays and speaks with his family“Praying, talking with my family and going back to my previous game to make things right has been the ritual for me,” Onyekuru concluded.Having started the season brightly with Belgian club Anderlecht, the 20-year-old suffered an injury in December 2017 which kept him out for the better part of the season.He was however overlooked by Coach Gernot Rohr for the World Cup party in Russia.Interestingly, while Onyekuru is dreaming for a place in the Nigerian team to Egypt in summer, another Super Eagles forward who has dropped in the pecking order, Simy Nwankwo has played down suggestions that the Italian Serie B is weak and has affected his game since dropping down with relegated Crotone.Speaking from his base in Italy, the 2018 World Cup attacker gave insights about the league, whilst insisting the level of competition has been amazing.“Trust me when I say it’s very competitive and unpredictable. There’s not much difference in quality between teams and that makes every game super competitive and that’s a great challenge,” Nwankwo said.Despite several reports linking him away from the Serie B club both in the summer and winter, the Nigerian surprisingly stayed put but insists his decision has made him a better player all-around.“On paper, every team or player coming down from the top league seem too big for the lower league and that ends up playing a negative role in players’ heads.“But that’s where a lot of mental toughness comes in for me. I need to have the humility to respect and appreciate the competition I’m facing if there’s any chance of getting back up. When they say you’re good it simply has to be on every level for me and yes I’m ready and even more mature to get back up and show how much I’ve grown,” Nwankwo concluded.Simy insights can also be backed by the amazing transformation of Italian giants Juventus which returned from Serie B in the 2006-2007 season with players like, Alessandro Del Piero, Gianluigi Buffon, David Trezeguet, and Pavel Nedved to entirely dominate the league since their resurgence.Simy, 26, has scored 12 goals this season and will almost certainly quit Crotone at the end of the season with his contract set to expire in June.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Syracuse basketball will host Cornell on Dec. 19

first_imgSyracuse has won 35 straight games against Cornell, and will have a chance to make it 36 this coming season.The Orange and Big Red will meet in the Carrier Dome Dec. 19, an SU Athletics release announced Wednesday morning. It will be the 121st matchup between the two programs, and the game time has yet to be determined.Syracuse beat Cornell, 61-44, on New Year’s Eve in 2014, and has an 89-31 edge in the all-time series.Below is how the Orange’s schedule looks with what’s been announced so far. The Atlantic Coast Conference is expected to come out with the full conference schedule in the near future.Nov. 2 — Le Moyne, time TBD, Carrier Dome *Nov. 8 — Florida Southern, time TBD, Carrier Dome *Nov. 13 — Lehigh, time TBD, Carrier DomeNov. 17 — St. Bonaventure, time TBD, Carrier DomeNov. 25 — Charlotte, 7:15 p.m. at Paradise Island, BahamasNov. 26 — Connecticut/Michigan, time TBD, Paradise Island, BahamasNov. 27 — Opponent TBD, time TBD, Paradise Island, BahamasDec. 2 — Wisconsin (Big 10/ACC Challenge), 7:15 p.m., Carrier DomeDec. 8 — Colgate, time TBD, Carrier DomeDec. 13 — At St. John’s, time TBD, Madison Square GardenDec. 19 — Cornell, time TBD, Carrier DomeDec. 30 — At Pittsburgh, 9 p.m., Peterson Events CenterJan. 18 — At Duke, 7 p.m., Cameron Indoor StadiumFeb. 29 — At North Carolina, 7 p.m., Dean E. Smith CenterAdvertisementThis is placeholder text* = Exhibition gameBold = Battle for Atlantis Comments Published on August 26, 2015 at 10:24 am Contact Jesse: | @dougherty_jesse Facebook Twitter Google+last_img read more

“Harry Kane’s head not in right place”- Dimitar Berbatov

first_imgDimitar Berbatov believes Harry Kane’s head is ‘not in the right place’ and says he may need to make the ‘tough decision’ to leave Tottenham for Manchester United.Former striker Berbatov won two Premier League titles at Old Trafford after leaving Spurs to join United in 2008 and says Kane may have to follow suit.Kane has been one of the most prolific goalscorers in Europe over the past six seasons, scoring 181 goals in 278 appearances for Tottenham.But the England captain is yet to win any silverware in north London and admitted in March he may be forced to leave if Spurs fail to improve because he wants to win trophies ‘sooner rather than later’.Berbatov says Kane is in the ‘exact same situation’ as he was over a decade ago and may need to leave Tottenham.‘The final step for me was joining Manchester United and I knew I would be making people disappointed – especially Tottenham fans – but I was following my own path,’ Berbatov told the BBC ‘s Football Daily podcast.‘I knew if I missed that chance another one might not come. This is how it is in football. Sometimes you need to make tough decisions.‘The same situation is happening with Harry Kane at the moment, the exact same.He’s in the same situation as I was in as he has started asking questions and maybe his head is not in the right place. My head was not in the right place.‘It was the same with [Christian] Eriksen. He wasn’t really there in the last couple of games. I watched the games and I saw that his head was not there.’Bulgaria legend Berbatov added:‘Kane is in the same situation. If there is any truth in the rumours, it’s in his head, 100 per cent. ‘The lack of trophies is the main problem for players like Kane.He’s not getting any younger. He wants to look back and know he won trophies. ‘When I see Spurs play United now, even if on paper Spurs have better players, they still go there with fear.’ Source: Metrolast_img read more

Chelsea confirm Alexandre Pato loan deal

first_imgChelsea have confirmed the loan signing of Brazil international Alexandre Pato.Pato, 26, joins on loan from Corinthians until the end of the season.“I am so happy to sign for Chelsea. It is a dream for me. I am looking forward to meeting and getting to know my new team-mates and cannot wait to play,” Pato told the club’s official website.“I thank Chelsea for their support and hope I can repay this faith to the club and its fans.”Pato, capped 27 times by Brazil, moved to AC Milan as a precocious 17-year-old in 2007 before returning to his native Brazil in 2013 with Corinthians.The Brazil striker has spent the last two seasons on loan at Sao Paulo, where he has scored 19 goals in 59 league games. Pato’s arrival at the west London club could hasten the departure of Loic Remy with a number of Premier League clubs – including Leicester, Crystal Palace and Newcastle United – said to interested in the France international.–Follow Joy Sports on Twitter: @JoyFMSports. Our hashtag is #JoySportslast_img read more