  Multiferroic materials, which reveal magnetic and electric order, are in the
focus of recent solid state research. Especially the simultaneous occurrence of
ferroelectricity and ferromagnetism, combined with an intimate coupling of
magnetization and polarization via magneto-capacitive effects, could pave the
way for a new generation of electronic devices. Here we present measurements on
a simple cubic spinel with unusual properties: It shows ferromagnetic order and
simultaneously relaxor ferroelectricity, i.e. a ferroelectric cluster state,
reached by a smeared-out phase transition, both with sizable ordering
temperatures and moments. Close to the ferromagnetic ordering temperature the
magneto-capacitive coupling, characterized by a variation of the dielectric
constant in an external magnetic field, reaches colossal values of nearly 500%.
We attribute the relaxor properties to geometric frustration, which is well
known for magnetic moments, but here is found to impede long-range order of the
structural degrees of freedom.
