The Save Darfur Coalition has been expanding its campaign to prompt mutual funds, pension plans and endowments to divest holdings in Sudan, the Associated Press reports. And while it’s been having some success, primarily with pension plans, not all of the asset managers with stakes in companies in the area are willing to sell out.

Certainly, Fidelity Investments sold 91% of its holdings in a Chinese oil company that does business in the area, but it denies having done so for any socially responsible investing reasons—and some in the industry believe that.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.