While many hedge funds struggled to earn their keep in 2014, the Senvest Master Fund was up 22.4% before fees, beating the S&P 500’s already strong 13.4% gains for the year, according to a January 28th letter to investors reviewed by ValueWalk. Avoiding huge energy-related losses is part of the reason Senvest had a strong year, but there weren’t any big winners. Instead, they had a string of consistently good investments and very few losers. “No single investment represented an outsized contributor to the year’s profits, with the top ten contributors ranging from about 3% to 14% of total profits…