We study the magnetic properties of dispersions of uniformly sized, chemica
lly synthesized cobalt nanoparticles (NP's), observing a crossover from a b
locked state to a superparamagnetic one with increasing temperature. By ana
lyzing magnetization data, we determine the distributions of NP volumes and
anisotropies, and establish that variations in the shapes of the magnetic
cores of the NP's generate the anisotropy governing the crossover. We chara
cterize the frustrated low-temperature state produced by the competition be
tween dipolar interactions and anisotropy at sufficiently high NP density t
hrough remanent magnetization measurements, and explain the results through
analysis of a simple model.