Political magazine The Spectator launched a monthly magazine aimed at business leaders this week.

The Spectator Business will be sent out free of charge to 42,000 selected individuals working in investment banking, private equity and the hedge-fund area. Copies will also be available in selected London hotels and on the Eurostar.

Plans for the magazine were announced in February after the Spectator’s weekly stablemate The Business closed in February after 12 years.