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Jamie Hamrick travels for free again

City employee gets around

City pension officer Jamie Hamrick takes another chomp, courtesy of Torchlight Investors.
City pension officer Jamie Hamrick takes another chomp, courtesy of Torchlight Investors.

An already well-traveled executive at the San Diego city employees’ retirement system has been on the road again, taking another trip to New York City courtesy of a well-heeled investment fund.

The free trip is the fifth this year for Jamie Hamrick, a pension investment officer, according to state-mandated disclosure reports filed with the city clerk, with high-dollar hotel destinations including Shutters on the Beach in Santa Monica, Manhattan’s Andaz, the Boston Harbor Hotel, and Andaz Amsterdam. The total declared value of those gifts was $10,184.

Hamrick took her latest jaunt to the Big Apple thanks to New York’s Torchlight Investors, which forked over $2050 for airfare on Delta, food, and an October 7 Andaz overnight. According to the disclosure, the city’s pension fund “is an investor in Torchlight Debt Opportunity Fund IV and Torchlight Debt Opportunity Fund V and sits on the Investor Advisory Committee for both investments.”

According to the firm’s website, “Utilizing Torchlight’s comprehensive, proprietary technology platform, the experienced workout team consistently strives to maximize net recoveries through the management and resolution of nonperforming loans and real estate owned.”

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City pension officer Jamie Hamrick takes another chomp, courtesy of Torchlight Investors.
City pension officer Jamie Hamrick takes another chomp, courtesy of Torchlight Investors.

An already well-traveled executive at the San Diego city employees’ retirement system has been on the road again, taking another trip to New York City courtesy of a well-heeled investment fund.

The free trip is the fifth this year for Jamie Hamrick, a pension investment officer, according to state-mandated disclosure reports filed with the city clerk, with high-dollar hotel destinations including Shutters on the Beach in Santa Monica, Manhattan’s Andaz, the Boston Harbor Hotel, and Andaz Amsterdam. The total declared value of those gifts was $10,184.

Hamrick took her latest jaunt to the Big Apple thanks to New York’s Torchlight Investors, which forked over $2050 for airfare on Delta, food, and an October 7 Andaz overnight. According to the disclosure, the city’s pension fund “is an investor in Torchlight Debt Opportunity Fund IV and Torchlight Debt Opportunity Fund V and sits on the Investor Advisory Committee for both investments.”

According to the firm’s website, “Utilizing Torchlight’s comprehensive, proprietary technology platform, the experienced workout team consistently strives to maximize net recoveries through the management and resolution of nonperforming loans and real estate owned.”

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This should not be allowed. It is such a clear conflict of interest.

Dec. 17, 2015

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