Chris Reilly was promoted to director of alternative investments at...

Chris Reilly was promoted to director of alternative investments at the $28 billion Colorado Public Employees' Retirement Association, Denver. Mr. Reilly had been portfolio manager in the alternative investments division. Officials expect to hire either a portfolio manager or an investment analyst to replace him; the search will be conducted in-house. Mr. Reilly replaced Kevin Kester, who left in December to become vice president of capital markets at The Broe Cos., Denver.