What is Redemption gate, side pocket, swing pricing?

A redemption gate limits the share of a fund’s (or an investor’s) assets that can be redeemed on one dealing date; requests above it are deferred. A side pocket is a separate account, or share class, into which illiquid or hard-to-value assets are moved, redeemable only when they are sold, so that investors who come and go do not trade them at a guessed price. Swing pricing adjusts the price at which investors subscribe or redeem on days of large net flows, so that the cost of trading for them falls on them and not on the investors who stay.