We use the Gutzwiller variational theory to investigate the electronic and the magnetic properties of fcc-Nickel. Our particular focus is on the effects of the spin-orbit coupling. Unlike standard relativistic band-structure theories, we reproduce the experimental magnetic moment direction and we explain the change of the Fermi-surface topology that occurs when the magnetic moment direction is rotated by an external magnetic field. The Fermi surface in our calculation deviates from early de-Haas--van-Alphen (dHvA) results. We attribute these discrepancies to an incorrect interpretation of the raw dHvA data.
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