Magnetic properties of Co33Fe67–CoFe2O4 (core-shell) nanoparticles are presented. Both dc magnetization and ac susceptibility measurements indicate a spin glass (SG) like transition occurring at TF∼175 K. The SG nature of the transition is also confirmed by the field dependence of the freezing temperature (TF(H)) following the well known Almeida–Thouless line, δTF∼H2/3. Additionally, the particles exhibit a large exchange bias (HEB∼1357 Oe) arising from the core-shell (ferromagnetic-SG) coupling. The unusually high SG transition temperature and large exchange bias effects are attributed to a combination of several factors including the thickness of the amorphous oxide shell and large values of the exchange and anisotropy constants associated with the CoFe2O4 shell.