(20)To protect investors and mitigate the risk of contagion to the rest of the AIF, side pockets should be closed for subscriptions, repurchases and redemptions. However, in the interest of investors, an AIFM should, irrespective of whether the side pocket is created through accounting segregation or physical separation, be able to dispose of, or liquidate, the side pocket on behalf of the AIF it manages and distribute any proceeds to investors in proportion to their participation in the side pocket.