AP2, Goteborg, Sweden, selected finalists in the 140.4 billion Swedish krona ($18 billion) plan's first search for external bond managers, which would run a total of up to 1.5 billion krona. The fund is looking for foreign and Swedish managers to run a total of 250 million to 500 million krona in U.S. government credit, 150 million to 500 million krona in global credit-ex Asia, and 150 million to 500 million krona in global aggregate-ex Asia bonds. Ole-Petter Langeland, head of fixed income, said the scheme wants to open its bond allocation to achieve better returns. AP2 manages 21.06 billion krona in Swedish and European bonds internally. Mr. Langeland would not identify the finalists but said fund officials plan to make selections by September. Consultant Wassum Nordic assisted early on in the search but was not involved in manager selection.