We present results of all-electron electronic structure calculations for th
e recently discovered d electron heavy fermion compound LiV2O4. The augment
ed spherical wave calculations are based on density functional theory withi
n the local density approximation. The electronic properties near the Fermi
energy originate almost exclusively from V 3d t(2g) states, which fall int
o two equally occupied subbands: While sigma-type metal-metal bonding leads
to rather broad bands, a small pi-type p-d overlap causes a narrow peak at
E-F. Without the geometric frustration inherent in the crystal structure,
spin-polarized calculations reveal an antiferromagnetic ground state and fe
rromagnetic order at slightly higher energy. Since direct d-d exchange inte
raction plays only a minor role, ordering of the localized vanadium moments
can be attributed exclusively to a rather weak superexchange interaction.
With the magnetic order suppressed by the geometric frustration, the remain
ing spin fluctuations suggest an explanation of the low-temperature behavio
ur of the specific heat.