Just a few weeks after the last edition of the investment trade title Insto Report, Global Custodian Australia, another weekly newsletter catering for the local institutional market, has been shut down.
The publisher, Asset International, which publishes the biggest magazine and online news service for asset servicing globally as well as other titles, will distribute its global version to the local market. However, Global Custodian is a paid subscription service, whereas the weekly Australian edition was free.
Global Custodian, which was started in the late1980s by Charlie Ruffel, who went on to diversify the company with Plan Sponsor and a number of other titles, including the daily aiCIO newsletter, also publishes the best-known annual reviews of custodians around the world.
The Melbourne-based editor of Global Custodian Australia, Rachel Alembakis, has been made redundant from the part-time role. She said she would look for other freelance work in the industry. She also publishes an ESG title, the Sustainability Report, which she launched in 2011.
Asset International also owns the retail investment research firm Plan For Life, which it acquired in 2011, and an international research firm, Strategic Insight.
As previously reported, the Insto Report, published by Benchmark Media, closed down before Christmas after its editor, Wouter Klijne, resigned to join the conference producer Investment Innovation Institute.