We demonstrate fabrication and magnetic characterization of novel nanostructures composed of Ni nanowires decorated with Co nanoparticles by two step etching and electrochemical deposition in polycarbonate template. Structural analysis confirmed the formation of nickel nanowires with diameter of 62 nm which are surrounded by cobalt nanoparticles of about 15 nm in diameter. By electron microscopy analyses it is evident that the nanoparticles are distributed on the surface of the nanowires. Analysis of magnetization data indicates that ferromagnetic Ni nanowires exhibit an easy axis of magnetization parallel to the wire long-axis while the angular dependence of coercivity indicates that magnetization reversal occurs through the curling process in these nanowires. An exchange bias accompanied by vertical shift in magnetization was observed below similar to 20 K, measured under a cooling field of 1 kOe, which is attributed to the spin interactions between the spin-glass like surface layer and ferromagnetic core of the nanowires and nanoparticles. (C) 2016 Elsevier B.V. All rights reserved.