Maruti More was named director of fixed-income investments for the $40.6 billion Colorado Public Employees Retirement Association, Denver, according to spokeswoman Katie Kaufmanis. Mr. More oversees $9.4 billion in fixed income for the fund. He replaces Bill Koski, who became PERAs senior opportunities manager earlier this year. Mr. More was senior vice president and a director, fixed income, at Smith Graham. Gerald Smith, chairman and CEO of Smith Graham, declined to provide the name of Mr. Mores replacement.