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Argentina’s Prospects After Fernandez Brighten, Developer Says

Scott Mathis, a former Oppenheimer & Co. partner, says his luxury real-estate development company stands to benefit as Argentine President Cristina Fernandez de Kirchner’s second term ends later this year.

Sentiment toward Argentina is improving before the Oct. 25 elections, Mathis, the 52-year-old chairman of Algodon Wines & Luxury Development Group Inc., said in a phone interview from New York. Suspicions surrounding the death of prosecutor Alberto Nisman, inflation of about 20 percent and capital controls had made it hard to change perceptions, he said.