Senvest Partners pulled way ahead of benchmarks in March, earning 4.5% for the month and 11.6% YTD compared to 0.8% and 1.8% for the S&P 500, largely because of investments in stocks that have low current earnings which diverged from the rest of the market. The hedge fund’s long positions gained $29.5 million last month ($85.3 million YTD), while short positions accounted for $4.9 million (still down $2.0 million YTD), according to a letter to investors reviewed by ValueWalk. The hedge fund is off to a strong start for 2014 after a nearly 80% return in the prior year. Senvest’s…