According to the proposal of Hanany and Witten, Coulomb branches of N
= 4 SU(n) gauge theories in three dimensions are isometric to moduli s
paces of BPS monopoles, We generalize this proposal to gauge theories
with matter, which allows us to describe the metrics on their spaces o
f vacua by means of the hyper-Kahler quotient construction. To check t
he identification of moduli spaces a comparison is made with field the
ory predictions, For SU(2) theory with k fundamental hypermultiplets t
he Coulomb branch is expected to be the D-k ALF gravitational instanto
n, so our results lead to a construction of such spaces. In the specia
l case of SU(2) theory with four or fewer fundamental hypermultiplets
we calculate the complex structures on the moduli spaces and compare t
hem with field-theoretical results. We also discuss some puzzles with
brane realizations of three-dimensional N = 4 theories. (C) 1998 Elsev
ier Science B.V.