Oft-traveled supply-side economist Larry Kudlow has left ING-Barings to form an economics-consulting group. Kudlow declined to specify the reasons for the departure, and provide specifics of the new venture, but an executive at ING-Barings points to the firms uncertain future as a cause for the departure, with the firms well publicized inability to find a buyer all but sealing its doom. ING-Barings was Kudlow's third stop in the last several years; he had previously worked at Schroeder & Co., and buyside asset-manager and life insurer American Skandia.
Kudlow is known as much for his supply-side advocacy and punditry, including frequent spots on CNBC, as he is for anchoring the top slot in the Institutional Investor rankings in the early and mid-90's. It was in this period that Kudlow became the most prominent economist on the Street for his market moving calls at Bear Stearns, only to publicly fall from grace when he was fired from Bear Stearns over what he later acknowledged was a substance-abuse problem.