Texas Prepaid Higher Education Tuition Board, Austin, rehired Advantus Capital Management as domestic core fixed-income manager for its $1.4 billion Texas Guaranteed Tuition Plan, spokesman Chris Bryan said.
An RFP was issued in February for a manager to run about $300 million.
Mr. Bryan could not confirm the size of the awarded allocation by press time.
The RFP was issued because Advantus' contract is set to expire on Aug. 31. The new contract will begin on Sept. 1.